Hong Kong SAR, China - Plastic Packaging - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPlastic Packaging Price in Hong Kong SAR - 2023
Contents:
- Plastic Packaging Price in Hong Kong SAR (CIF) - 2022
- Plastic Packaging Price in Hong Kong SAR (FOB) - 2022
- Plastic Packaging Imports in Hong Kong SAR
- Plastic Packaging Exports in Hong Kong SAR
Plastic Packaging Price in Hong Kong SAR (CIF) - 2022
The average plastic packaging import price stood at $3,207 per ton in 2022, surging by 8.7% against the previous year. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $3,331 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($5,437 per ton), while the price for China ($3,041 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Plastic Packaging Price in Hong Kong SAR (FOB) - 2022
The average plastic packaging export price stood at $4,940 per ton in 2022, surging by 5.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2015 an increase of 33% against the previous year. As a result, the export price reached the peak level of $5,680 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($7,306 per ton), while the average price for exports to Switzerland ($4,033 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Plastic Packaging Imports in Hong Kong SAR
In 2022, approx. 104K tons of plastic packaging were imported into Hong Kong SAR; which is down by -14.2% on 2021 figures. Over the period under review, imports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 6.5%. As a result, imports attained the peak of 122K tons, and then reduced in the following year.
In value terms, plastic packaging imports reduced to $335M in 2022. In general, imports continue to indicate a mild decline. The growth pace was the most rapid in 2021 with an increase of 6.9%. As a result, imports attained the peak of $359M, and then fell in the following year.
Import of Plastic Packaging in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 288 | 277 | 310 | 287 | -0.1% |
Taiwan (Chinese) | 10.8 | 11.4 | 8.3 | 5.3 | -21.1% |
Others | 51.6 | 47.1 | 40.2 | 42.7 | -6.1% |
Total | 350 | 336 | 359 | 335 | -1.4% |
Top Suppliers of Plastic Packaging to Hong Kong SAR in 2022:
- China (94.2K tons)
- Taiwan (Chinese) (1.2K tons)
Plastic Packaging Exports in Hong Kong SAR
In 2022, plastic packaging exports from Hong Kong SAR contracted dramatically to 37K tons, with a decrease of -38% on 2021 figures. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 11% against the previous year.
In value terms, plastic packaging exports contracted dramatically to $183M in 2022. Overall, exports saw a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 21%.
Export of Plastic Packaging in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 44.8 | 48.4 | 44.5 | 31.9 | -10.7% |
United States | 52.0 | 45.0 | 53.6 | 29.2 | -17.5% |
South Korea | 9.7 | 6.1 | 11.3 | 22.3 | 32.0% |
Vietnam | 19.6 | 12.5 | 18.8 | 13.0 | -12.8% |
Japan | 22.8 | 19.5 | 23.2 | 9.1 | -26.4% |
Philippines | 2.8 | 2.1 | 5.1 | 8.3 | 43.7% |
Bangladesh | 11.1 | 6.2 | 7.6 | 5.6 | -20.4% |
Macao SAR | 6.8 | 5.7 | 5.3 | 4.7 | -11.6% |
Indonesia | 5.5 | 5.6 | 8.0 | 4.4 | -7.2% |
Italy | 8.4 | 5.3 | 9.8 | 4.3 | -20.0% |
Switzerland | 10.7 | 7.5 | 11.0 | 3.7 | -29.8% |
France | 6.0 | 3.8 | 4.7 | 3.5 | -16.4% |
United Kingdom | 9.3 | 9.1 | 10.5 | 2.9 | -32.2% |
Others | 76.6 | 53.8 | 66.1 | 40.3 | -19.3% |
Total | 286 | 231 | 280 | 183 | -13.8% |
Top Export Markets for Plastic Packaging from Hong Kong SAR in 2022:
- United States (6.7K tons)
- China (6.4K tons)
- South Korea (4.8K tons)
- Vietnam (2.3K tons)
- Japan (2.2K tons)
- Philippines (1.8K tons)
- Macao SAR (1.0K tons)
- Italy (0.9K tons)
- Switzerland (0.9K tons)
- Bangladesh (0.8K tons)
- Indonesia (0.7K tons)
- France (0.7K tons)
- United Kingdom (0.6K tons)
This report provides an in-depth analysis of the plastic packaging 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 22221300 - Plastic boxes, cases, crates and similar articles for the conveyance or packing of goods
- Prodcom 22221100 - Sacks and bags of polymers of ethylene (including cones)
- Prodcom 22221200 - Plastic sacks and bags (including cones) (excluding of polymers of ethylene)
- Prodcom 22221450 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity . 2 litres
- Prodcom 22221470 - Plastic carboys, bottles, flasks and similar articles for the conveyance or packing of goods, of a capacity > 2 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
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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
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