Hong Kong SAR, China - Plastic Containers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Container Price in Hong Kong SAR - 2023
Contents:
- Plastic Container Price in Hong Kong SAR (CIF) - 2022
- Plastic Container Price in Hong Kong SAR (FOB) - 2022
- Plastic Container Imports in Hong Kong SAR
- Plastic Container Exports in Hong Kong SAR
Plastic Container Price in Hong Kong SAR (CIF) - 2022
The average plastic container import price stood at $5,657 per ton in 2022, surging by 6.4% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Philippines ($5,663 per ton) and Japan ($5,663 per ton), while the price for China ($5,663 per ton) and South Korea ($5,663 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+0.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Container Price in Hong Kong SAR (FOB) - 2022
The average plastic container export price stood at $5,006 per ton in 2022, surging by 8% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to the United States ($5,041 per ton) and the Philippines ($5,016 per ton), while the average price for exports to India ($4,923 per ton) and Singapore ($5,016 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Container Imports in Hong Kong SAR
In 2022, plastic container imports into Hong Kong SAR reduced dramatically to 23K tons, with a decrease of -29.1% compared with the year before. Over the period under review, imports, however, posted a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 83%. As a result, imports reached the peak of 33K tons, and then dropped rapidly in the following year.
In value terms, plastic container imports shrank dramatically to $132M in 2022. In general, imports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 94% against the previous year. As a result, imports reached the peak of $175M, and then reduced remarkably in the following year.
Import of Plastic Container in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 82.4 | 72.6 | 118 | 89.0 | 2.6% |
South Korea | 1.0 | 0.9 | 25.8 | 19.4 | 168.7% |
Japan | 4.5 | 7.2 | 9.8 | 7.4 | 18.0% |
Philippines | 1.1 | 0.6 | 6.6 | 5.0 | 65.7% |
Germany | 0.2 | 0.8 | 5.5 | 4.2 | 175.9% |
Malaysia | 3.3 | 2.5 | 3.3 | 2.5 | -8.8% |
Others | 5.3 | 5.6 | 6.1 | 4.8 | -3.2% |
Total | 97.6 | 90.1 | 175 | 132 | 10.6% |
Top Suppliers of Plastic Container to Hong Kong SAR in 2022:
- China (15.7K tons)
- South Korea (3.4K tons)
- Japan (1.3K tons)
- Philippines (0.9K tons)
- Germany (0.7K tons)
- Malaysia (0.4K tons)
Plastic Container Exports in Hong Kong SAR
In 2022, the amount of plastic containers exported from Hong Kong SAR fell sharply to 20K tons, which is down by -45.4% on the previous year. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 65%. As a result, the exports reached the peak of 36K tons, and then shrank markedly in the following year.
In value terms, plastic container exports fell dramatically to $98M in 2022. In general, exports continue to indicate a noticeable decrease. The growth pace was the most rapid in 2021 with an increase of 80% against the previous year. As a result, the exports reached the peak of $166M, and then declined markedly in the following year.
Export of Plastic Container in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 41.1 | 43.1 | 75.2 | 42.0 | 0.7% |
South Korea | 5.2 | 7.1 | 37.5 | 21.0 | 59.2% |
Taiwan (Chinese) | 10.6 | 9.6 | 12.0 | 6.7 | -14.2% |
United States | 9.3 | 8.6 | 9.3 | 5.2 | -17.6% |
India | 24.1 | 0.3 | 0.6 | 4.6 | -42.4% |
Philippines | 5.1 | 4.3 | 7.8 | 4.4 | -4.8% |
Japan | 3.3 | 3.5 | 5.5 | 3.1 | -2.1% |
Singapore | 1.3 | 2.3 | 2.9 | 1.6 | 7.2% |
Others | 13.1 | 13.3 | 15.4 | 9.5 | -10.2% |
Total | 113 | 92.4 | 166 | 98.0 | -4.6% |
Top Export Markets for Plastic Container from Hong Kong SAR in 2022:
- China (8.4K tons)
- South Korea (4.2K tons)
- Taiwan (Chinese) (1.3K tons)
- United States (1.0K tons)
- Philippines (0.9K tons)
- India (0.9K tons)
- Japan (0.6K tons)
- Singapore (0.3K tons)
This report provides an in-depth analysis of the plastic 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 22221950 - Articles for the conveyance or packaging of goods, of plastics (excluding boxes, cases, crates and similar articles, sacks and bags, including cones, carboys, bottles, flasks and similar articles, spools, spindles, bobbins and similar supports, s toppers, lids, caps and other closures)
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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