Hong Kong SAR, China: Uncoated Felt Paper Market 2025

Uncoated Felt Paper Market Size in Hong Kong SAR, China

The Hong Kong uncoated felt paper market was estimated at $X in 2022, picking up by 6.2% against the previous year. Overall, consumption, however, enjoyed a modest increase. Uncoated felt paper consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Uncoated Felt Paper Production in Hong Kong SAR, China

In value terms, uncoated felt paper production totaled $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 when the production volume increased by 40%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth failed to regain momentum.

Uncoated Felt Paper Exports

Exports from Hong Kong SAR, China

In 2022, the amount of uncoated felt paper and paperboard exported from Hong Kong SAR skyrocketed to X tons, with an increase of 21% against 2021. Overall, exports posted noticeable growth. The growth pace was the most rapid in 2013 with an increase of 1,977%. Over the period under review, the exports hit record highs at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, uncoated felt paper exports skyrocketed to $X in 2022. Over the period under review, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 2,870% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Indonesia (X tons) and Bangladesh (X kg) were the main destinations of uncoated felt paper exports from Hong Kong SAR, with a combined 93% share of total exports. Malaysia and Zambia lagged somewhat behind, together accounting for a further 4.2%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Zambia (with a CAGR of +38.7%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) remains the key foreign market for uncoated felt paper and paperboard exports from Hong Kong SAR, comprising 61% of total exports. The second position in the ranking was taken by China ($X), with a 15% share of total exports. It was followed by Bangladesh, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value to Indonesia totaled +10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+30.7% per year) and Bangladesh (-2.5% per year).

Export Prices by Country

In 2022, the average uncoated felt paper export price amounted to $X per ton, rising by 13% against the previous year. Overall, the export price recorded a buoyant increase. The pace of growth was the most pronounced in 2013 an increase of 43%. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+13.8%), while the prices for the other major destinations experienced mixed trend patterns.

Uncoated Felt Paper Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of uncoated felt paper and paperboard was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, faced a abrupt descent. The pace of growth appeared the most rapid in 2016 when imports increased by 82%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, uncoated felt paper imports fell slightly to $X in 2022. Overall, imports, however, saw a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 85%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of uncoated felt paper to Hong Kong SAR, accounting for a 83% share of total imports. Moreover, uncoated felt paper imports from the United States exceeded the figures recorded by the second-largest supplier, China (X kg), sixfold. Indonesia (X kg) ranked third in terms of total imports with a 2.3% share.

From 2012 to 2022, the average annual growth rate of volume from the United States stood at -4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-28.5% per year) and Indonesia (-22.7% per year).

In value terms, the United States ($X) constituted the largest supplier of uncoated felt paper and paperboard to Hong Kong SAR, comprising 67% of total imports. The second position in the ranking was held by China ($X), with an 18% share of total imports. It was followed by Indonesia, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.5% per year) and Indonesia (-10.0% per year).

Import Prices by Country

In 2022, the average uncoated felt paper import price amounted to $X per ton, with a decrease of -24.9% against the previous year. In general, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, uncoated felt paper import price increased by +34.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 67%. As a result, import price reached the peak level of $X per ton, and then reduced rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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