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Hong Kong SAR, China - Base Metal Sign-Plates, Name-Plates And Address-Plates - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHong Kong's Metal Advertising Sign Exports Rise to $86 Million in 2023
Hong Kong Metal Advertising Sign Exports
In 2023, the amount of metal advertising signs exported from Hong Kong shrank to 939 tons, reducing by -5% against the previous year. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 22%. The exports peaked at 1.7K tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.
In value terms, metal advertising sign exports amounted to $86M (IndexBox estimates) in 2023. The total export value increased at an average annual rate of +2.6% from 2013 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 with an increase of 38% against the previous year. As a result, the exports reached the peak of $94M. From 2016 to 2023, the growth of the exports remained at a lower figure.
COUNTRY | Export Value of Metal Advertising Sign in Hong Kong (million USD) | ||||||||||
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2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
United States | 8.9 | 10.6 | 15.6 | 14.8 | 15.5 | 18.2 | 27.4 | 20.0 | 30.2 | 25.7 | 25.0 |
China | 32.7 | 29.9 | 40.6 | 25.6 | 21.4 | 20.4 | 16.8 | 13.9 | 17.5 | 15.8 | 15.4 |
Italy | 1.8 | 1.9 | 1.9 | 4.2 | 3.3 | 2.8 | 2.9 | 2.2 | 4.0 | 5.1 | 5.0 |
Germany | 2.2 | 2.2 | 2.6 | 3.3 | 4.6 | 3.2 | 3.2 | 3.2 | 4.5 | 4.6 | 4.5 |
Vietnam | 2.3 | 2.8 | 5.7 | 5.6 | 5.8 | 3.2 | 2.9 | 2.6 | 3.4 | 3.9 | 3.8 |
Mexico | 0.1 | 0.2 | 0.7 | 1.0 | 0.2 | 0.1 | 2.6 | 2.3 | 3.9 | 3.7 | 3.6 |
Brazil | 0.2 | 0.8 | 6.5 | 3.0 | 0.5 | 1.1 | 1.4 | 1.6 | 2.5 | 2.8 | 2.7 |
France | 2.9 | 2.6 | 2.6 | 2.8 | 2.5 | 1.8 | 2.2 | 1.8 | 2.6 | 1.6 | 1.9 |
Others | 15.6 | 17.4 | 18.3 | 18.6 | 25.6 | 24.6 | 29.0 | 22.8 | 23.6 | 22.3 | 24.5 |
Total | 66.9 | 68.3 | 94.4 | 79.0 | 79.3 | 75.5 | 88.3 | 70.5 | 92.2 | 85.5 | 86.4 |
Exports by Country
the United States (405 tons) was the main destination for metal advertising sign exports from Hong Kong, accounting for a 43% share of total exports. Moreover, metal advertising sign exports to the United States exceeded the volume sent to the second major destination, China (113 tons), fourfold. Germany (35 tons) ranked third in terms of total exports with a 3.7% share.
From 2013 to 2023, the average annual growth rate of volume to the United States totaled -3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-13.3% per year) and Germany (-7.0% per year).
In value terms, the largest markets for metal advertising sign exported from Hong Kong were the United States ($25M), China ($15M) and Italy ($5M), with a combined 53% share of total exports. Germany, Vietnam, Mexico, Brazil and France lagged somewhat behind, together comprising a further 19%.
Mexico, with a CAGR of +40.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2023, the metal advertising sign price amounted to $92,054 per ton (FOB, Hong Kong), with an increase of 6.5% against the previous year. Over the period under review, export price indicated a buoyant increase from 2013 to 2023: its price increased at an average annual rate of +8.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, metal advertising sign export price increased by +55.2% against 2017 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by 42%. Over the period under review, the average export prices reached the maximum in 2023 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Tunisia ($274,558 per ton), while the average price for exports to the Netherlands ($29,134 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Tunisia (+33.7%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the metal advertising sign 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 25992987 - Base metal sign-plates, name-plates, address-plates and similar plates, numbers, letters and other symbols (excluding illuminated)
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
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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