Hong Kong SAR, China: Toilet Paper Market 2024

Toilet Paper Market Size in Hong Kong SAR, China

The Hong Kong toilet paper market expanded to $X in 2021, with an increase of 2.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.5% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations in certain years. Toilet paper consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Toilet Paper Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of toilet paper decreased by -20.1% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 86% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, toilet paper exports declined remarkably to $X in 2021. Over the period under review, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 66% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for toilet paper exports from Hong Kong SAR, accounting for a 70% share of total exports. Moreover, toilet paper exports to Macao SAR exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. Mozambique (X tons) ranked third in terms of total exports with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Macao SAR amounted to -5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+72.8% per year) and Mozambique (+207.2% per year).

In value terms, Macao SAR ($X) remains the key foreign market for toilet paper exports from Hong Kong SAR, comprising 74% of total exports. The second position in the ranking was held by Malaysia ($X), with a 9% share of total exports. It was followed by Mozambique, with a 4% share.

From 2012 to 2021, the average annual growth rate of value to Macao SAR totaled -6.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+58.5% per year) and Mozambique (+135.1% per year).

Export Prices by Country

The average toilet paper export price stood at $X per ton in 2021, shrinking by -8.3% against the previous year. In general, the export price saw a slight descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by 46% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Solomon Islands (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Toilet Paper Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of toilet paper decreased by -2.4% to X tons for the first time since 2018, thus ending a two-year rising trend. The total import volume increased at an average annual rate of +1.0% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The growth pace was the most rapid in 2020 when imports increased by 5.6% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, toilet paper imports stood at $X in 2021. The total import value increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2014 when imports increased by 4.9% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main toilet paper supplier to Hong Kong SAR, accounting for a 91% share of total imports. Moreover, toilet paper imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+2.7% per year) and Vietnam (+47.2% per year).

In value terms, China ($X) constituted the largest supplier of toilet paper to Hong Kong SAR, comprising 88% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 7.3% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+3.5% per year) and Vietnam (+43.8% per year).

Import Prices by Country

The average toilet paper import price stood at $X per ton in 2021, with an increase of 5.4% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per ton in 2018; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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