Hong Kong SAR, China - Packing Cases, Boxes And Similar Packings - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Wooden Case and Box in Hong Kong SAR - 2023
Contents:
- Price for Wooden Case and Box in Hong Kong SAR (CIF) - 2023
- Price for Wooden Case and Box in Hong Kong SAR (FOB) - 2022
- Imports of Wooden Case and Box in Hong Kong SAR
- Exports of Wooden Case and Box in Hong Kong SAR
Price for Wooden Case and Box in Hong Kong SAR (CIF) - 2023
The average wooden case and box import price stood at $7.2 per unit in May 2023, therefore, remained relatively stable against the previous month. Over the period under review, the import price recorded a pronounced decline. The growth pace was the most rapid in March 2023 when the average import price increased by 43% against the previous month. Over the period under review, average import prices hit record highs at $13.4 per unit in January 2023; however, from February 2023 to May 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was Macao SAR ($12.8 per unit), while the price for China totaled $6.9 per unit.
From June 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Macao SAR (-1.1%).
Price for Wooden Case and Box in Hong Kong SAR (FOB) - 2022
The average wooden case and box export price stood at $25 per unit in 2022, jumping by 44% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price attained 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 the United Arab Emirates ($67 per unit), while the average price for exports to Malaysia ($12 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 France (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wooden Case and Box in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas purchases of packing cases, boxes and similar packings, which decreased by -31.2% to 1M units in 2022. Over the period under review, imports saw a abrupt shrinkage. The smallest decline of -0.6% was in 2021. Over the period under review, imports hit record highs at 1.7M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, wooden case and box imports dropped dramatically to $14M in 2022. In general, imports recorded a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 24% against the previous year. As a result, imports attained the peak of $16M, and then fell rapidly in the following year.
Import of Wooden Case and Box in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 13.5 | 11.3 | 14.7 | 12.3 | -3.1% |
Macao SAR | 0.4 | 0.4 | 0.4 | 0.5 | 7.7% |
Others | 1.8 | 1.5 | 1.2 | 0.7 | -27.0% |
Total | 15.7 | 13.2 | 16.3 | 13.5 | -4.9% |
Top Suppliers of Wooden Case and Box to Hong Kong SAR in 2022:
- China (973.1K units)
- Macao SAR (44.5K units)
Exports of Wooden Case and Box in Hong Kong SAR
In 2022, approx. 279K units of packing cases, boxes and similar packings were exported from Hong Kong SAR; shrinking by -33% on 2021. In general, exports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 when exports increased by 10% against the previous year. The exports peaked at 434K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, wooden case and box exports shrank to $7M in 2022. Over the period under review, exports recorded a pronounced decline. The pace of growth was the most pronounced in 2021 when exports increased by 29%. The exports peaked at $7.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Wooden Case and Box in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,790 | 1,918 | 2,768 | 1,857 | 1.2% |
United Arab Emirates | N/A | 0.3 | 37.5 | 1,855 | 7763.4% |
Saudi Arabia | 754 | 837 | 662 | 1,078 | 12.7% |
Taiwan (Chinese) | 275 | 326 | 176 | 596 | 29.4% |
United States | 1,536 | 706 | 944 | 324 | -40.5% |
United Kingdom | 557 | 286 | 589 | 212 | -27.5% |
Japan | 656 | 643 | 143 | 125 | -42.5% |
Macao SAR | 315 | 127 | 231 | 109 | -29.8% |
Malaysia | 102 | 26.8 | 392 | 63.7 | -14.5% |
Others | 1,643 | 741 | 1,310 | 793 | -21.6% |
Total | 7,630 | 5,612 | 7,252 | 7,012 | -2.8% |
Top Export Markets for Wooden Case and Box from Hong Kong SAR in 2022:
- China (144.3K units)
- Saudi Arabia (33.4K units)
- United Arab Emirates (27.8K units)
- Taiwan (Chinese) (16.8K units)
- United States (11.3K units)
- United Kingdom (6.6K units)
- Malaysia (5.3K units)
- Japan (3.9K units)
- Macao SAR (3.8K units)
This report provides an in-depth analysis of the market for wooden case and box 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 16241133 - Flat pallets and pallet collars of wood
- Prodcom 16241135 - Box pallets and load boards of wood (excluding flat pallets)
- Prodcom 16241200 - Casks, barrels, vats, tubs, and coopers products and parts thereof of wood (including staves)
- Prodcom 16241320 - Cases, boxes, crates, drums and similar packings of wood (excluding cable drums)
- Prodcom 16241350 - Cable-drums of wood
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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