Hong Kong SAR, China: Market for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone 2024

Market Size for Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone in Hong Kong SAR, China

After two years of growth, the Hong Kong market for tiles, flagstones and similar articles of cement, concrete or artificial stone decreased by X% to $X in 2023. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Exports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Exports from Hong Kong SAR, China

In 2023, approx. X tons of tiles, flagstones and similar articles of cement, concrete or artificial stone were exported from Hong Kong SAR; increasing by X% against the year before. Overall, exports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports of attained the peak figure at X tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

In value terms, exports of tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $X in 2023. Over the period under review, exports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), China (X tons) and Macao SAR (X tons) were the main destinations of exports of tiles, flagstones and similar articles of cement, concrete or artificial stone from Hong Kong SAR, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), Malaysia ($X) and Macao SAR ($X) were the largest markets for tiles, flagstones and similar articles of cement, concrete or artificial stone exported from Hong Kong SAR worldwide, together accounting for X% of total exports.

Malaysia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. The export price peaked in 2023 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Imports of Tiles, Flagstones And Similar Articles Of Cement, Concrete Or Artificial Stone

Imports into Hong Kong SAR, China

In 2023, the amount of tiles, flagstones and similar articles of cement, concrete or artificial stone imported into Hong Kong SAR contracted dramatically to X tons, falling by X% against the previous year. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports of attained the peak figure at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone dropped dramatically to $X in 2023. Overall, imports, however, enjoyed a temperate expansion. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of tiles, flagstones and similar articles of cement, concrete or artificial stone to Hong Kong SAR, with a X% share of total imports. Moreover, imports of tiles, flagstones and similar articles of cement, concrete or artificial stone from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold. The third position in this ranking was taken by the Philippines (X tons), with an X% share.

From 2012 to 2023, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and the Philippines (X% per year).

In value terms, China ($X), Italy ($X) and the Czech Republic ($X) appeared to be the largest tiles, flagstones and similar articles of cement, concrete or artificial stone suppliers to Hong Kong SAR, with a combined X% share of total imports.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for tiles, flagstones and similar articles of cement, concrete or artificial stone stood at $X per ton in 2023, jumping by X% against the previous year. Over the period under review, the import price continues to indicate a strong increase. The pace of growth was the most pronounced in 2022 when the average import price increased by X%. Over the period under review, average import prices reached the maximum in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform