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Hong Kong SAR, China - Tanks, Casks, Drums, Cans, Boxes And Similar Containers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingContainer Price in Hong Kong SAR - 2023
Contents:
- Container Price in Hong Kong SAR (CIF) - 2022
- Container Price in Hong Kong SAR (FOB) - 2023
- Container Imports in Hong Kong SAR
- Container Exports in Hong Kong SAR
Container Price in Hong Kong SAR (CIF) - 2022
In 2022, the average container import price amounted to $0.1 per unit, with an increase of 14% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The growth pace was the most rapid in 2014 an increase of 27%. As a result, import price attained the peak level of $0.1 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.3% per year.
Container Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average container export price amounted to $223 per thousand units, rising by 18% against the previous month. Over the period under review, export price indicated buoyant growth from June 2022 to June 2023: its price increased at an average monthly rate of +5.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, container export price increased by +17.5% against May 2023 indices. The pace of growth was the most pronounced in July 2022 an increase of 55% month-to-month. Over the period under review, the average export prices reached the peak figure at $242 per thousand units in March 2023; however, from April 2023 to June 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Germany ($635 per thousand units), while the average price for exports to Taiwan (Chinese) ($24.0 per thousand units) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+14.4%), while the prices for the other major destinations experienced more modest paces of growth.
Container Imports in Hong Kong SAR
In 2022, the amount of tanks, casks, drums, cans, boxes and similar containers imported into Hong Kong SAR shrank markedly to 566M units, waning by -21.2% compared with the previous year. Over the period under review, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 7.1%. Over the period under review, imports attained the maximum at 764M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, container imports dropped to $77M in 2022. The total import value increased at an average annual rate of +1.9% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports reached the peak of $85M, and then reduced in the following year.
Import of Container in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 65.2 | 57.8 | 68.4 | 67.6 | 1.2% |
Others | 7.1 | 13.4 | 16.9 | 9.0 | 8.2% |
Total | 72.3 | 71.3 | 85.3 | 76.6 | 1.9% |
Top Suppliers of Container to Hong Kong SAR in 2022:
- China (538.8M units)
Container Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of tanks, casks, drums, cans, boxes and similar containers, which decreased by -36.3% to 82M units in 2022. Over the period under review, exports faced a abrupt descent. The smallest decline of -5% was in 2021. Over the period under review, the exports reached the peak figure at 150M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, container exports shrank markedly to $18M in 2022. In general, exports saw a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 14%. As a result, the exports attained the peak of $39M, and then declined notably in the following year.
Export of Container in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 5.2 | 11.8 | 17.5 | 7.9 | 15.0% |
South Korea | 2.8 | 7.6 | 7.1 | 2.0 | -10.6% |
Japan | 2.0 | 3.4 | 2.2 | 1.1 | -18.1% |
Vietnam | 0.7 | 1.3 | 0.8 | 1.0 | 12.6% |
Germany | 0.8 | 0.5 | 0.7 | 1.0 | 7.7% |
United States | 3.2 | 1.7 | 4.1 | 0.8 | -37.0% |
Belgium | 3.3 | 1.5 | 0.5 | 0.5 | -46.7% |
Taiwan (Chinese) | 0.5 | 0.5 | 0.2 | 0.4 | -7.2% |
India | 1.3 | 0.6 | 1.0 | 0.4 | -32.5% |
Italy | 0.7 | 0.7 | 0.5 | 0.2 | -34.1% |
United Kingdom | 3.3 | 1.1 | 0.6 | 0.1 | -68.8% |
Others | 5.9 | 3.1 | 3.3 | 2.8 | -22.0% |
Total | 29.6 | 33.7 | 38.6 | 18.2 | -15.0% |
Top Export Markets for Container from Hong Kong SAR in 2022:
- China (27.4M units)
- Taiwan (Chinese) (10.8M units)
- Japan (6.7M units)
- Germany (5.9M units)
- Vietnam (5.2M units)
- United States (4.1M units)
- South Korea (4.1M units)
- Belgium (3.9M units)
- Italy (1.1M units)
- India (1.1M units)
- United Kingdom (0.5M units)
This report provides an in-depth analysis of the container 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 25911100 - Tanks, casks, drums, cans... (excluding for gas) of iron or steel, . .50 l, . .300 l
- Prodcom 25911200 - Tanks, casks, drums... (excluding for gas) of iron or steel, < .50 l
- Prodcom 25921133 - Cans used for preserving food and drink of iron or steel, < .50 l, food cans
- Prodcom 25921135 - Cans used for preserving food and drink of iron or steel, < .50 l, drinks
- Prodcom 25921150 - Cans other than for preserving food and drink of iron or steel, < .50 l
- Prodcom 25921210 - Aluminium collapsible tubular containers of a capacity . .300 litres, for any material except compressed or liquefied gas
- Prodcom 25921240 - Casks, drums, cans, boxes and similar containers, of aluminium, for any material (other than compressed or liquefied gas), n.e.s. (other than collapsible tubular containers and containers for aerosols)
- Prodcom 25921260 - Aluminium aerosol containers, with a capacity . .300 litres
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
This report provides an in-depth analysis of the container market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for iron or steel can in Hong Kong SAR, China.
This report provides an in-depth analysis of the global container market.
This report provides an in-depth analysis of the global market for iron or steel can.
This report provides an in-depth analysis of the container market in Hong Kong SAR, China.
This report provides an in-depth analysis of the market for iron or steel can in Hong Kong SAR, China.
This report provides an in-depth analysis of the global container market.
This report provides an in-depth analysis of the global market for iron or steel can.
Explore the top import markets for containers worldwide, featuring key statistics and insights. Discover the leading countries and their import values using data from the IndexBox market intelligence platform.
In 2016, the amount of container imported worldwide totaled X tons, going up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the ...
In 2016, the amount of container imported worldwide totaled X tons, going up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the ...
Explore the top import markets for containers worldwide, featuring key statistics and insights. Discover the leading countries and their import values using data from the IndexBox market intelligence platform.
In 2016, the amount of container imported worldwide totaled X tons, going up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the ...
In 2016, the amount of container imported worldwide totaled X tons, going up by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the ...