Hong Kong SAR, China: Tooth Brush Market 2024

Tooth Brush Market Size in Hong Kong SAR, China

The Hong Kong tooth brush market skyrocketed to $X in 2022, increasing by 81% 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). In general, consumption saw prominent growth. As a result, consumption attained the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Tooth Brush Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of tooth brushes decreased by -59.6% to X units, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 62%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, tooth brush exports fell dramatically to $X in 2022. Over the period under review, exports, however, saw prominent growth. The growth pace was the most rapid in 2020 with an increase of 84% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for tooth brush exports from Hong Kong SAR, with a 64% share of total exports. Moreover, tooth brush exports to China exceeded the volume sent to the second major destination, Democratic Republic of the Congo (X units), ninefold. The third position in this ranking was taken by Spain (X units), with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (+40.5% per year) and Spain (+12.9% per year).

In value terms, China ($X) remains the key foreign market for tooth brushes exports from Hong Kong SAR, comprising 62% of total exports. The second position in the ranking was held by the United States ($X), with a 10% share of total exports. It was followed by Macao SAR, with a 9.6% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.2% per year) and Macao SAR (-1.6% per year).

Export Prices by Country

The average tooth brush export price stood at $X per unit in 2022, jumping by 30% against the previous year. In general, the export price continues to indicate a prominent expansion. The growth pace was the most rapid in 2020 when the average export price increased by 55%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($X per unit), while the average price for exports to Angola (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.

Tooth Brush Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of tooth brushes decreased by -40.9% to X units, falling for the second consecutive year after four years of growth. In general, imports saw a slight reduction. The most prominent rate of growth was recorded in 2020 with an increase of 47%. As a result, imports reached the peak of X units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, tooth brush imports contracted dramatically to $X in 2022. Overall, imports, however, saw a remarkable increase. The growth pace was the most rapid in 2020 with an increase of 82%. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of tooth brush to Hong Kong SAR, accounting for a 46% share of total imports. Moreover, tooth brush imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. Germany (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+31.9% per year) and Germany (+44.8% per year).

In value terms, the largest tooth brush suppliers to Hong Kong SAR were China ($X), Germany ($X) and Japan ($X), together accounting for 78% of total imports.

Germany, with a CAGR of +54.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average tooth brush import price stood at $X per unit in 2022, jumping by 27% against the previous year. Over the period under review, the import price posted strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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