Hong Kong SAR, China: Walking-Sticks And Whips Market 2024

Walking-Sticks And Whips Market Size in Hong Kong SAR, China

The Hong Kong walking-sticks and whips market surged to $X in 2021, increasing by 100% 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). Over the period under review, consumption enjoyed a resilient expansion. Walking-sticks and whips consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Walking-Sticks And Whips Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of walking-sticks, seat-sticks, whips and riding-crops were exported from Hong Kong SAR; declining by -13.1% compared with the year before. Over the period under review, exports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 93% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, walking-sticks and whips exports expanded rapidly to $X in 2021. In general, exports, however, recorded strong growth. The most prominent rate of growth was recorded in 2015 with an increase of 91%. As a result, the exports attained the peak of $X. From 2016 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for walking-sticks and whips exports from Hong Kong SAR, with a 85% share of total exports. Moreover, walking-sticks and whips exports to the United States exceeded the volume sent to the second major destination, Greece (X kg), more than tenfold. The third position in this ranking was held by Japan (X kg), with a 2.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (0.0% per year) and Japan (-10.4% per year).

In value terms, the United States ($X) remains the key foreign market for walking-sticks and whips exports from Hong Kong SAR, comprising 85% of total exports. The second position in the ranking was held by Greece ($X), with a 3.7% share of total exports. It was followed by Japan, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (0.0% per year) and Japan (+0.6% per year).

Export Prices by Country

The average walking-sticks and whips export price stood at $X per ton in 2021, picking up by 22% against the previous year. Overall, the export price recorded a remarkable increase. The pace of growth appeared the most rapid in 2013 when the average export price increased by 26%. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Germany ($X per ton) and China ($X per ton), while the average price for exports to the United States ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+12.3%), while the prices for the other major destinations experienced more modest paces of growth.

Walking-Sticks And Whips Imports

Imports into Hong Kong SAR, China

In 2021, the amount of walking-sticks, seat-sticks, whips and riding-crops imported into Hong Kong SAR soared to X tons, rising by 74% on the previous year. Overall, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2014 when imports increased by 157% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, walking-sticks and whips imports skyrocketed to $X in 2021. Over the period under review, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 182% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Taiwan (Chinese) (X tons) constituted the largest walking-sticks and whips supplier to Hong Kong SAR, with a 47% share of total imports. Moreover, walking-sticks and whips imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. South Korea (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from Taiwan (Chinese) totaled +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+1.9% per year) and South Korea (+6.9% per year).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of walking-sticks and whips to Hong Kong SAR, comprising 47% of total imports. The second position in the ranking was taken by China ($X), with a 20% share of total imports. It was followed by South Korea, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled +22.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.5% per year) and South Korea (+8.5% per year).

Import Prices by Country

The average walking-sticks and whips import price stood at $X per ton in 2021, increasing by 4.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The growth pace was the most rapid in 2013 when the average import price increased by 12% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Japan ($X per ton) and Italy ($X per ton), while the price for Taiwan (Chinese) ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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