Hong Kong SAR, China: Market for Non-Soap Surface-Active Washing and Cleaning Preparations 2024

Market Size for Non-Soap Surface-Active Washing and Cleaning Preparations in Hong Kong SAR, China

The Hong Kong market for non-soap surface-active washing and cleaning preparations fell to $X in 2021, remaining stable 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 +3.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Exports of Non-Soap Surface-Active Washing and Cleaning Preparations

Exports from Hong Kong SAR, China

In 2021, overseas shipments of non-soap surface-active washing and cleaning preparations decreased by -0.3% to X tons, falling for the second year in a row after two years of growth. Overall, exports, however, showed a temperate increase. The pace of growth was the most pronounced in 2018 with an increase of 90%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, exports of non-soap surface-active washing and cleaning preparations soared to $X in 2021. In general, total exports indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +4.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +87.5% against 2016 indices. The most prominent rate of growth was recorded in 2018 when exports increased by 54%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tons) was the main destination for exports of non-soap surface-active washing and cleaning preparations from Hong Kong SAR, with a 69% share of total exports. Moreover, exports of non-soap surface-active washing and cleaning preparations to China exceeded the volume sent to the second major destination, Macao SAR (X tons), threefold. The third position in this ranking was taken by Japan (X tons), with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Macao SAR (+23.7% per year) and Japan (+20.7% per year).

In value terms, China ($X) remains the key foreign market for non-soap surface-active washing and cleaning preparations exports from Hong Kong SAR, comprising 52% of total exports. The second position in the ranking was taken by Japan ($X), with a 23% share of total exports. It was followed by Macao SAR, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +38.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+20.2% per year) and Macao SAR (+24.7% per year).

Export Prices by Country

The average export price for non-soap surface-active washing and cleaning preparations stood at $X per ton in 2021, rising by 18% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 57%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Macao SAR ($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 (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Non-Soap Surface-Active Washing and Cleaning Preparations

Imports into Hong Kong SAR, China

In 2021, approx. X tons of non-soap surface-active washing and cleaning preparations were imported into Hong Kong SAR; with a decrease of -10.1% on the year before. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -13.6% against 2018 indices. The most prominent rate of growth was recorded in 2015 when imports increased by 30%. Over the period under review, imports of attained the maximum at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, imports of non-soap surface-active washing and cleaning preparations rose to $X in 2021. The total import value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 with an increase of 15% against the previous year. Over the period under review, imports of reached the peak figure in 2021 and are likely to continue growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of non-soap surface-active washing and cleaning preparations to Hong Kong SAR, accounting for a 75% share of total imports. Moreover, imports of non-soap surface-active washing and cleaning preparations from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. The third position in this ranking was held by Malaysia (X tons), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.1% per year) and Malaysia (-4.3% per year).

In value terms, China ($X) constituted the largest supplier of non-soap surface-active washing and cleaning preparations to Hong Kong SAR, comprising 62% of total imports. The second position in the ranking was taken by Japan ($X), with a 12% share of total imports. It was followed by the United States, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.3% per year) and the United States (+0.4% per year).

Import Prices by Country

In 2021, the average import price for non-soap surface-active washing and cleaning preparations amounted to $X per ton, surging by 15% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Japan ($X per ton), while the price for Thailand ($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) (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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