Report Update Nov 1, 2024

Hong Kong SAR, China - Worked Flat Glass - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Worked Flat Glass Market 2024

Worked Flat Glass Market Size in Hong Kong SAR, China

In 2021, after three years of growth, there was significant decline in the Hong Kong worked flat glass market, when its value decreased by -16.4% to $X. Over the period under review, consumption, however, enjoyed strong growth. As a result, consumption reached the peak level of $X, and then shrank markedly in the following year.

Worked Flat Glass Exports

Exports from Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded growth in shipments abroad of worked flat glass, which increased by 40% to X tons in 2021. In general, exports continue to indicate mild growth. The growth pace was the most rapid in 2013 with an increase of 74% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, worked flat glass exports surged to $X in 2021. Overall, exports saw modest growth. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for worked flat glass exports from Hong Kong SAR, accounting for a 83% share of total exports. Moreover, worked flat glass exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), sevenfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+36.7% per year) and Taiwan (Chinese) (+13.1% per year).

In value terms, China ($X) remains the key foreign market for worked flat glass exports from Hong Kong SAR, comprising 84% of total exports. The second position in the ranking was taken by Vietnam ($X), with an 8.6% share of total exports. It was followed by Taiwan (Chinese), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +1.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+48.3% per year) and Taiwan (Chinese) (+11.6% per year).

Export Prices by Country

In 2021, the average worked flat glass export price amounted to $X per ton, growing by 35% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Japan ($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 Vietnam (+8.4%), while the prices for the other major destinations experienced mixed trend patterns.

Worked Flat Glass Imports

Imports into Hong Kong SAR, China

After two years of growth, overseas purchases of worked flat glass decreased by -25.2% to X tons in 2021. In general, imports, however, enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when imports increased by 135%. As a result, imports reached the peak of X tons, and then shrank dramatically in the following year.

In value terms, worked flat glass imports rose significantly to $X in 2021. Over the period under review, imports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by 210%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main worked flat glass supplier to Hong Kong SAR, with a 91% share of total imports. Moreover, worked flat glass imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+47.0% per year) and Japan (+16.0% per year).

In value terms, China ($X) constituted the largest supplier of worked flat glass to Hong Kong SAR, comprising 79% of total imports. The second position in the ranking was held by South Korea ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+37.1% per year) and Japan (+3.4% per year).

Import Prices by Country

The average worked flat glass import price stood at $X per ton in 2021, increasing by 41% against the previous year. In general, the import price, however, showed a noticeable downturn. Over the period under review, average import prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($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 (-2.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for worked flat glass in the world?

China remains the largest worked flat glass consuming country worldwide, comprising approx. 23% of total volume. Moreover, worked flat glass consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with an 8.2% share.

What are the largest producers of worked flat glass in the world?

China remains the largest worked flat glass producing country worldwide, accounting for 32% of total volume. Moreover, worked flat glass production in China exceeded the figures recorded by the second-largest producer, the United States, threefold. India ranked third in terms of total production with a 9.2% share.

What are the leading suppliers of worked flat glass to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of worked flat glass to Hong Kong SAR, comprising 79% of total imports. The second position in the ranking was occupied by South Korea, with a 15% share of total imports.

What are the leading importers of worked flat glass from Hong Kong SAR, China?

In value terms, the largest markets for worked flat glass exported from Hong Kong SAR were the Philippines, Finland and the Netherlands, with a combined 64% share of total exports.

What is the average export price for worked flat glass in Hong Kong SAR, China?

In 2021, the average worked flat glass export price amounted to $19,821 per ton, surging by 4.8% against the previous year.

What is the average import price for worked flat glass in Hong Kong SAR, China?

In 2021, the average worked flat glass import price amounted to $4,937 per ton, picking up by 38% against the previous year.

This report provides an in-depth analysis of the worked flat glass market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 23121150 - Optical flat glass, bent, edge-worked, engraved, etc.
Prodcom 23121190 - Non-optical flat glass, bent, edge-worked, engraved, etc.

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
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How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023