Hong Kong SAR, China: Enamels And Glazes Market 2024

Enamels And Glazes Market Size in Hong Kong SAR, China

In 2021, the Hong Kong enamels and glazes market increased by 5% to $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Enamels And Glazes Production in Hong Kong SAR, China

In value terms, enamels and glazes production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 215%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Enamels And Glazes Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of vitrifiable enamels and glazes for ceramics, enamelling or glass increased by 18% to X tons, rising for the second year in a row after seven years of decline. Overall, exports, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2020 with an increase of 173%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, enamels and glazes exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when exports increased by 52%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Vietnam (X tons) and Malaysia (X tons) were the main destinations of enamels and glazes exports from Hong Kong SAR, together accounting for 71% of total exports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +31.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), China ($X) and Taiwan (Chinese) ($X) were the largest markets for enamels and glazes exported from Hong Kong SAR worldwide, together accounting for 82% of total exports. Vietnam, Singapore, Japan and South Korea lagged somewhat behind, together accounting for a further 16%.

Vietnam, with a CAGR of +29.0%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average enamels and glazes export price amounted to $X per ton, reducing by -2.1% against the previous year. In general, the export price, however, recorded resilient growth. The growth pace was the most rapid in 2017 when the average export price increased by 96%. The export price peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to South Korea ($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 China (+11.1%), while the prices for the other major destinations experienced more modest paces of growth.

Enamels And Glazes Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of vitrifiable enamels and glazes for ceramics, enamelling or glass increased by 132% to X tons, rising for the second year in a row after six years of decline. Over the period under review, imports continue to indicate a noticeable expansion. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, enamels and glazes imports surged to $X in 2021. In general, imports showed a moderate increase. The most prominent rate of growth was recorded in 2013 when imports increased by 86%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Japan (X tons), Taiwan (Chinese) (X tons) and China (X tons) were the main suppliers of enamels and glazes imports to Hong Kong SAR, together comprising 84% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +27.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), China ($X) and Japan ($X) appeared to be the largest enamels and glazes suppliers to Hong Kong SAR, together comprising 85% of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +22.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average enamels and glazes import price stood at $X per ton in 2021, declining by -45.6% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 36%. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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 the United States ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+6.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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