Hong Kong SAR, China - Plywood - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlywood Price in Hong Kong SAR - 2023
Contents:
- Plywood Price in Hong Kong SAR (CIF) - 2023
- Plywood Price in Hong Kong SAR (FOB) - 2022
- Plywood Imports in Hong Kong SAR
- Plywood Exports in Hong Kong SAR
Plywood Price in Hong Kong SAR (CIF) - 2023
The average plywood import price stood at $1,043 per cubic meter in June 2023, which is down by -1.7% against the previous month. Over the last twelve months, it increased at an average monthly rate of +2.2%. The pace of growth was the most pronounced in September 2022 when the average import price increased by 33% month-to-month. Over the period under review, average import prices hit record highs at $1,093 per cubic meter in October 2022; afterwards, it flattened through to June 2023.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the highest price was recorded for prices from Indonesia ($1,269 per cubic meter) and Malaysia ($1,246 per cubic meter), while the price for Finland ($951 per cubic meter) and China ($1,030 per cubic meter) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Finland (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Plywood Price in Hong Kong SAR (FOB) - 2022
In 2022, the average plywood export price amounted to $1,333 per cubic meter, increasing by 53% against the previous year. In general, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($1,368 per cubic meter), while the average price for exports to China ($1,307 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Plywood Imports in Hong Kong SAR
In 2022, plywood imports into Hong Kong SAR dropped sharply to 59K cubic meters, with a decrease of -34.6% compared with 2021. Overall, imports faced a deep contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 12% against the previous year. Imports peaked at 106K cubic meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, plywood imports reduced to $63M in 2022. In general, imports showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 40%. As a result, imports reached the peak of $72M, and then dropped in the following year.
| Import of Plywood in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 47.3 | 37.1 | 54.0 | 49.9 | 1.8% |
| Indonesia | 12.3 | 9.4 | 13.5 | 8.6 | -11.2% |
| Malaysia | 5.5 | 3.7 | 3.4 | 3.1 | -17.4% |
| Others | 2.8 | 1.5 | 1.5 | 1.6 | -17.0% |
| Total | 67.9 | 51.6 | 72.4 | 63.2 | -2.4% |
Top Suppliers of Plywood to Hong Kong SAR in 2022:
- China (47.4K cubic meters)
- Indonesia (6.9K cubic meters)
- Malaysia (2.6K cubic meters)
Plywood Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of plywood, which decreased by -61.1% to 1.6K cubic meters in 2022. In general, exports continue to indicate a significant curtailment. The smallest decline of -1.7% was in 2021. Over the period under review, the exports reached the maximum at 7.4K cubic meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, plywood exports contracted sharply to $2.1M in 2022. Overall, exports saw a sharp shrinkage. The smallest decline of -11.8% was in 2021. The exports peaked at $7.3M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Plywood in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 2.0 | 1.6 | 1.2 | -34.7% |
| Macao SAR | 2.9 | 1.8 | 1.7 | 0.8 | -34.9% |
| Seychelles | N/A | N/A | 0.1 | N/A | 0% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 7.3 | 3.9 | 3.5 | 2.1 | -34.0% |
Top Export Markets for Plywood from Hong Kong SAR in 2022:
- China (930.0 cubic meters)
- Macao SAR (592.0 cubic meters)
- Seychelles (25.0 cubic meters)
This report provides an in-depth analysis of the plywood 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:
- FCL 1640 - Plywood
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
- Find deeper insights into current market developments
- 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
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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