Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Hong Kong SAR - 2024
Contents:
- Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Hong Kong SAR (CIF) - 2022
- Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Hong Kong SAR (FOB) - 2022
- Imports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Hong Kong SAR
- Exports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Hong Kong SAR
Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses amounted to $5.1 per unit, growing by 10% against the previous year. Over the period under review, the import price enjoyed a prominent expansion. The growth pace was the most rapid in 2021 when the average import price increased by 31% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($29 per unit), while the price for China ($3.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses amounted to $6.2 per unit, increasing by 8.6% against the previous year. Overall, export price indicated prominent growth from 2012 to 2022: its price increased at an average annual rate of +8.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses increased by +56.1% against 2016 indices. The pace of growth appeared the most rapid in 2014 an increase of 28% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was South Korea ($12 per unit), while the average price for exports to Malaysia ($3.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Hong Kong SAR
In 2022, supplies from abroad of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses was finally on the rise to reach 1.5M units after two years of decline. In general, imports, however, faced a abrupt curtailment. Imports peaked at 2.8M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses skyrocketed to $7.6M in 2022. Over the period under review, imports, however, saw a abrupt slump. Over the period under review, imports of reached the maximum at $9.7M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5,468 | 4,192 | 3,387 | 4,584 | -5.7% |
| United Kingdom | 81.0 | 38.9 | 366 | 638 | 99.0% |
| Thailand | 552 | 308 | 529 | 480 | -4.6% |
| Italy | 221 | 168 | 194 | 422 | 24.1% |
| United States | 206 | 137 | 128 | 192 | -2.3% |
| Germany | 499 | 277 | 195 | 110 | -39.6% |
| Belgium | 989 | 1,364 | 596 | 71.4 | -58.4% |
| Others | 1,696 | 1,086 | 1,118 | 1,102 | -13.4% |
| Total | 9,713 | 7,570 | 6,514 | 7,600 | -7.9% |
Top Suppliers of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics to Hong Kong SAR in 2022:
- China (1179.9K units)
- Thailand (96.3K units)
- Italy (47.5K units)
- United Kingdom (38.3K units)
- United States (24.8K units)
- Belgium (9.7K units)
- Germany (9.0K units)
Exports of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Hong Kong SAR
In 2022, exports of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses from Hong Kong SAR fell to 1M units, which is down by -1.8% against the previous year. Overall, total exports indicated a perceptible expansion from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. As a result, the exports reached the peak of 1M units, and then contracted in the following year.
In value terms, exports of glassware; drinking glasses (not stemware), other than of lead crystal or glass-ceramicses reached $6.3M in 2022. In general, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +53.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 931 | 1,774 | 3,228 | 2,703 | 42.7% |
| South Korea | 171 | 190 | 718 | 783 | 66.1% |
| United States | 1,220 | 452 | 495 | 681 | -17.7% |
| Taiwan (Chinese) | 465 | 148 | 338 | 489 | 1.7% |
| Macao SAR | 426 | 267 | 205 | 223 | -19.4% |
| Canada | 37.7 | 20.2 | 49.8 | 172 | 65.9% |
| Singapore | 57.7 | 60.2 | 110 | 121 | 28.0% |
| Philippines | 211 | 124 | 17.8 | 121 | -16.9% |
| Vietnam | 15.1 | 23.2 | 34.3 | 103 | 89.7% |
| Japan | 351 | 65.8 | 109 | 72.7 | -40.8% |
| Italy | 301 | 372 | 75.3 | 43.7 | -47.4% |
| Others | 778 | 591 | 511 | 768 | -0.4% |
| Total | 4,965 | 4,087 | 5,892 | 6,281 | 8.2% |
Top Export Markets for Glassware; Drinking Glasses (Not Stemware), Other than of Lead Crystal or Glass-Ceramics from Hong Kong SAR in 2022:
- China (524.1K units)
- United States (93.7K units)
- Taiwan (Chinese) (87.8K units)
- South Korea (68.0K units)
- Macao SAR (33.9K units)
- Canada (23.5K units)
- Vietnam (21.8K units)
- Singapore (21.3K units)
- Philippines (11.0K units)
- Japan (8.7K units)
- Italy (4.6K units)
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