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Hong Kong SAR, China - Plastic Disposable Tableware And Kitchenware - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Plastic Tableware and Kitchenware in Hong Kong SAR - 2023
Contents:
- Price for Plastic Tableware and Kitchenware in Hong Kong SAR (CIF) - 2023
- Price for Plastic Tableware and Kitchenware in Hong Kong SAR (FOB) - 2022
- Imports of Plastic Tableware and Kitchenware in Hong Kong SAR
- Exports of Plastic Tableware and Kitchenware in Hong Kong SAR
Price for Plastic Tableware and Kitchenware in Hong Kong SAR (CIF) - 2023
The average plastic tableware and kitchenware import price stood at $3,099 per ton in June 2023, picking up by 9.9% against the previous month. Overall, the import price, however, showed a perceptible contraction. The pace of growth appeared the most rapid in February 2023 an increase of 20% against the previous month. The import price peaked at $5,992 per ton in September 2022; however, from October 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($12,307 per ton), while the price for China stood at $2,776 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+6.7%).
Price for Plastic Tableware and Kitchenware in Hong Kong SAR (FOB) - 2022
The average plastic tableware and kitchenware export price stood at $8,568 per ton in 2022, picking up by 22% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The pace of growth was the most pronounced in 2014 when the average export price increased by 41%. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($18,233 per ton), while the average price for exports to the United Arab Emirates ($968 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 Italy (+10.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Plastic Tableware and Kitchenware in Hong Kong SAR
Plastic tableware and kitchenware imports into Hong Kong SAR stood at 43K tons in 2022, picking up by 5.4% against the previous year. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, plastic tableware and kitchenware imports surged to $173M in 2022. The total import value increased at an average annual rate of +8.6% over the period from 2019 to 2022; 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 Tableware and Kitchenware in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 108 | 101 | 128 | 160 | 14.0% |
Japan | 8.0 | 8.3 | 7.0 | 5.4 | -12.3% |
Others | 18.8 | 10.5 | 8.9 | 7.6 | -26.1% |
Total | 135 | 120 | 143 | 173 | 8.6% |
Top Suppliers of Plastic Tableware and Kitchenware to Hong Kong SAR in 2022:
- China (41.3K tons)
- Japan (0.7K tons)
Exports of Plastic Tableware and Kitchenware in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of plastic tableware and kitchenware, which decreased by -69.1% to 3.4K tons in 2022. Over the period under review, exports saw a sharp reduction. The smallest decline of -8.8% was in 2021.
In value terms, plastic tableware and kitchenware exports dropped notably to $29M in 2022. Overall, exports continue to indicate a sharp decrease. The smallest decline of -11.9% was in 2021.
Export of Plastic Tableware and Kitchenware in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 43.9 | 23.3 | 26.4 | 7.6 | -44.3% |
China | 20.5 | 17.1 | 9.4 | 6.3 | -32.5% |
Macao SAR | 4.9 | 3.3 | 4.3 | 3.1 | -14.2% |
Australia | 3.4 | 3.9 | 2.5 | 1.1 | -31.4% |
Taiwan (Chinese) | 1.7 | 2.4 | 2.0 | 1.1 | -13.5% |
France | 4.9 | 3.0 | 2.8 | 0.9 | -43.2% |
Canada | 4.8 | 1.8 | 2.4 | 0.8 | -45.0% |
Japan | 10.8 | 8.0 | 4.5 | 0.8 | -58.0% |
Germany | 4.0 | 2.2 | 2.4 | 0.8 | -41.5% |
United Kingdom | 5.1 | 2.1 | 2.3 | 0.5 | -53.9% |
United Arab Emirates | 0.1 | N/A | N/A | 0.3 | 44.2% |
Philippines | 6.3 | 6.3 | 2.0 | 0.3 | -63.8% |
Vietnam | 0.5 | 0.3 | 0.3 | 0.3 | -15.7% |
Others | 23.7 | 13.7 | 15.7 | 5.1 | -40.1% |
Total | 135 | 87.4 | 77.0 | 29.0 | -40.1% |
Top Export Markets for Plastic Tableware and Kitchenware from Hong Kong SAR in 2022:
- United States (967.0 tons)
- China (597.7 tons)
- United Arab Emirates (335.2 tons)
- Macao SAR (305.0 tons)
- Taiwan (Chinese) (169.1 tons)
- Australia (114.0 tons)
- Canada (106.6 tons)
- France (66.2 tons)
- Japan (60.1 tons)
- Vietnam (56.4 tons)
- Germany (55.7 tons)
- United Kingdom (54.0 tons)
- Philippines (41.3 tons)
This report provides an in-depth analysis of the market for plastic tableware and kitchenware 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 22292320 - Tableware and kitchenware of plastic
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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