Hong Kong SAR, China - Plastic Hoses and Hose Fittings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Plastic Hose and Hose Fitting in Hong Kong SAR - 2023
Contents:
- Price for Plastic Hose and Hose Fitting in Hong Kong SAR (FOB) - 2022
- Price for Plastic Hose and Hose Fitting in Hong Kong SAR (CIF) - 2023
- Exports of Plastic Hose and Hose Fitting in Hong Kong SAR
- Imports of Plastic Hose and Hose Fitting in Hong Kong SAR
Price for Plastic Hose and Hose Fitting in Hong Kong SAR (FOB) - 2022
The average export price for plastic hoses and hose fittings stood at $8,781 per ton in 2022, surging by 29% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, plastic hose and hose fitting export price increased by +62.0% against 2018 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($33,427 per ton), while the average price for exports to Italy ($2,709 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 China (+9.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Plastic Hose and Hose Fitting in Hong Kong SAR (CIF) - 2023
In June 2023, the average import price for plastic hoses and hose fittings amounted to $5,177 per ton, dropping by -8.6% against the previous month. Overall, import price indicated a noticeable expansion from June 2022 to June 2023: its price increased at an average monthly rate of +3.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, plastic hose and hose fitting import price increased by +12.2% against April 2023 indices. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 64% against the previous month. As a result, import price reached the peak level of $7,284 per ton. From February 2023 to June 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the UK ($41,061 per ton), while the price for China ($2,364 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the UK (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Plastic Hose and Hose Fitting in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of plastic hoses and hose fittings, which decreased by -7.3% to 7.1K tons in 2022. In general, exports faced a deep setback. The smallest decline of -5.4% was in 2020.
In value terms, plastic hose and hose fitting exports surged to $62M in 2022. The total export value increased at an average annual rate of +2.8% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
Export of Plastic Hose and Hose Fitting in Hong Kong SAR (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 32.7 | 30.0 | 29.3 | 38.8 | 5.9% |
United States | 5.7 | 5.0 | 6.1 | 5.9 | 1.2% |
Japan | 4.1 | 4.3 | 3.9 | 3.9 | -1.7% |
Australia | 1.8 | 2.1 | 1.4 | 1.6 | -3.9% |
France | 1.2 | 1.5 | 1.3 | 1.3 | 2.7% |
Italy | 1.4 | 1.1 | 0.9 | 1.1 | -7.7% |
Chile | 0.4 | 0.7 | 0.8 | 0.8 | 26.0% |
Peru | 0.5 | 0.7 | 0.7 | 0.7 | 11.9% |
Thailand | 0.8 | 0.8 | 0.7 | 0.7 | -4.4% |
Russia | 0.6 | 0.6 | 0.3 | 0.5 | -5.9% |
Norway | 0.3 | 0.5 | 0.4 | 0.4 | 10.1% |
Others | 7.4 | 5.9 | 5.9 | 6.3 | -5.2% |
Total | 57.0 | 53.1 | 51.9 | 62.0 | 2.8% |
Top Export Markets for Plastic Hose and Hose Fitting from Hong Kong SAR in 2022:
- United States (1523.9 tons)
- Japan (1188.5 tons)
- China (1161.6 tons)
- Australia (541.9 tons)
- France (436.2 tons)
- Italy (396.6 tons)
- Chile (254.3 tons)
- Peru (190.3 tons)
- Thailand (172.2 tons)
- Russia (159.4 tons)
- Norway (120.4 tons)
Imports of Plastic Hose and Hose Fitting in Hong Kong SAR
In 2022, purchases abroad of plastic hoses and hose fittings was finally on the rise to reach 8.3K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, recorded a slight descent.
In value terms, plastic hose and hose fitting imports soared to $57M in 2022. The total import value increased at an average annual rate of +7.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Plastic Hose and Hose Fitting in Hong Kong SAR (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 19.6 | 14.8 | 17.6 | 23.6 | 6.4% |
United States | 11.3 | 10.6 | 7.0 | 13.4 | 5.8% |
Japan | 2.9 | 2.7 | 4.6 | 5.7 | 25.3% |
United Kingdom | 1.1 | 1.5 | 2.3 | 4.8 | 63.4% |
Germany | 2.3 | 2.0 | 1.8 | 3.8 | 18.2% |
Taiwan (Chinese) | 1.1 | 1.3 | 1.9 | 1.2 | 2.9% |
Thailand | 1.6 | 1.1 | 1.8 | 0.8 | -20.6% |
Others | 5.3 | 10.3 | 5.4 | 3.6 | -12.1% |
Total | 45.3 | 44.4 | 42.2 | 56.9 | 7.9% |
Top Suppliers of Plastic Hose and Hose Fitting to Hong Kong SAR in 2022:
- China (6.3K tons)
- United States (0.4K tons)
- United Kingdom (0.4K tons)
- Thailand (0.3K tons)
- Taiwan (Chinese) (0.2K tons)
- Japan (0.2K tons)
- Germany (0.2K tons)
This report provides an in-depth analysis of the market for plastic hose and hose fitting 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 22212920 - Flexible tubes, pipes and hoses of plastics, with a burst pressure . .27,6 MPa
- Prodcom 22212935 - Flexible tubes, pipes and hoses of plastics, not reinforced or otherwise combined with other materials, without fittings
- Prodcom 22212937 - Flexible tubes, pipes and hoses of plastics, not reinforced or otherwise combined with other materials, with fittings, seals or connectors
- Prodcom 22212950 - Plastic tubes, pipes and hoses (excluding artificial guts, s ausage skins, rigid, flexible tubes and pipes having a minimum burst pressure of .27,6 MPa)
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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