Hong Kong SAR, China - Flat Pallets And Pallet Collars Of Wood - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWood Flat Pallet Price in Hong Kong SAR - 2023
Contents:
- Wood Flat Pallet Price in Hong Kong SAR (CIF) - 2023
- Wood Flat Pallet Price in Hong Kong SAR (FOB) - 2023
- Wood Flat Pallet Imports in Hong Kong SAR
- Wood Flat Pallet Exports in Hong Kong SAR
Wood Flat Pallet Price in Hong Kong SAR (CIF) - 2023
The average wood flat pallet import price stood at $9.9 per unit in June 2023, rising by 19% against the previous month. In general, the import price, however, saw a pronounced descent. The most prominent rate of growth was recorded in September 2022 an increase of 48% m-o-m. The import price peaked at $13.8 per unit in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Macao SAR ($13.5 per unit), while the price for China totaled $9.7 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Macao SAR (-0.5%).
Wood Flat Pallet Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average wood flat pallet export price amounted to $2.8 per unit, almost unchanged from the previous month. Overall, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 89% month-to-month. Over the period under review, the average export prices hit record highs at $4.6 per unit in August 2022; however, from September 2022 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($2.6 per unit), while the average price for exports to the United States totaled $898 per thousand units.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-4.0%).
Wood Flat Pallet Imports in Hong Kong SAR
After three years of growth, purchases abroad of flat pallets and pallet collars of wood decreased by -28.3% to 1.1M units in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +6.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +20.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. As a result, imports attained the peak of 1.5M units, and then reduced remarkably in the following year.
In value terms, wood flat pallet imports contracted to $11M in 2022. The total import value increased at an average annual rate of +2.1% from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 26%. As a result, imports reached the peak of $11M, and then dropped in the following year.
Import of Wood Flat Pallet in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 9.3 | 8.3 | 10.8 | 9.9 | 2.1% |
Macao SAR | 0.3 | 0.4 | 0.3 | 0.3 | 0.0% |
Thailand | 0.1 | 0.2 | 0.2 | 0.1 | 0.0% |
Others | 0.2 | 0.3 | 0.1 | 0.2 | 0.0% |
Total | 9.9 | 9.0 | 11.4 | 10.5 | 2.0% |
Top Suppliers of Wood Flat Pallet to Hong Kong SAR in 2022:
- China (1046.3K units)
- Thailand (24.4K units)
- Macao SAR (15.5K units)
Wood Flat Pallet Exports in Hong Kong SAR
In 2022, shipments abroad of flat pallets and pallet collars of wood decreased by -27.7% to 354K units for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +10.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when exports increased by 43% against the previous year. Over the period under review, the exports attained the peak figure at 490K units in 2021, and then shrank remarkably in the following year.
In value terms, wood flat pallet exports fell sharply to $1.7M in 2022. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 57%. As a result, the exports reached the peak of $2.5M, and then reduced markedly in the following year.
Export of Wood Flat Pallet in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1,024 | 1,421 | 1,961 | 1,361 | 9.9% |
Malaysia | 0.3 | 20.4 | 208 | 144 | 683.0% |
United States | 13.4 | 26.5 | 48.5 | 33.7 | 36.0% |
Philippines | 65.7 | 12.6 | 0.3 | 17.8 | -35.3% |
Others | 115 | 86.9 | 244 | 99.9 | -4.6% |
Total | 1,219 | 1,567 | 2,461 | 1,657 | 10.8% |
Top Export Markets for Wood Flat Pallet from Hong Kong SAR in 2022:
- China (310.2K units)
- United States (23.6K units)
- Malaysia (10.4K units)
- Philippines (4.8K units)
This report provides an in-depth analysis of the wood flat pallet 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 16241133 - Flat pallets and pallet collars 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
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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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