Hong Kong SAR, China - Sanitary Ware And Parts Of Copper - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCopper Sanitary Ware Price in Hong Kong SAR - 2023
Contents:
- Copper Sanitary Ware Price in Hong Kong SAR (CIF) - 2023
- Copper Sanitary Ware Price in Hong Kong SAR (FOB) - 2022
- Copper Sanitary Ware Imports in Hong Kong SAR
- Copper Sanitary Ware Exports in Hong Kong SAR
Copper Sanitary Ware Price in Hong Kong SAR (CIF) - 2023
The average copper sanitary ware import price stood at $14,334 per ton in June 2023, shrinking by -6.8% against the previous month. Overall, the import price saw a pronounced curtailment. The pace of growth was the most pronounced in March 2023 when the average import price increased by 128% m-o-m. As a result, import price attained the peak level of $40,864 per ton. From April 2023 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($225K per ton), while the price for China stood at $13,451 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+4.1%).
Copper Sanitary Ware Price in Hong Kong SAR (FOB) - 2022
The average copper sanitary ware export price stood at $15,284 per ton in 2022, rising by 7.6% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 an increase of 110%. Over the period under review, the average export prices hit record highs at $30,090 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($59,846 per ton), while the average price for exports to Canada ($5,353 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 Macao SAR (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Copper Sanitary Ware Imports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in purchases abroad of sanitary ware and parts of copper, which decreased by -29.1% to 187 tons in 2022. In general, imports continue to indicate a dramatic decline. The smallest decline of -12.6% was in 2021.
In value terms, copper sanitary ware imports declined sharply to $3.7M in 2022. Overall, imports recorded a deep downturn. The smallest decline of -1.4% was in 2021.
Import of Copper Sanitary Ware in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 3,554 | 2,530 | 2,806 | 2,045 | -16.8% |
Germany | 669 | 552 | 883 | 619 | -2.6% |
Taiwan (Chinese) | 81.8 | 88.2 | 423 | 296 | 53.5% |
United States | 82.8 | 416 | 183 | 157 | 23.8% |
Italy | 298 | 162 | 97.8 | 128 | -24.5% |
Others | 515 | 992 | 282 | 440 | -5.1% |
Total | 5,201 | 4,740 | 4,675 | 3,685 | -10.9% |
Top Suppliers of Copper Sanitary Ware to Hong Kong SAR in 2022:
- China (161.0 tons)
- Taiwan (Chinese) (8.7 tons)
- United States (6.5 tons)
- Germany (3.4 tons)
- Italy (3.1 tons)
Copper Sanitary Ware Exports in Hong Kong SAR
In 2022, copper sanitary ware exports from Hong Kong SAR rose significantly to 70 tons, surging by 12% on the previous year. The total export volume increased at an average annual rate of +8.6% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 17%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, copper sanitary ware exports surged to $1.1M in 2022. Overall, exports saw strong growth. The most prominent rate of growth was recorded in 2020 with an increase of 145% against the previous year. As a result, the exports attained the peak of $1.8M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Copper Sanitary Ware in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Macao SAR | 266 | 1,392 | 71.9 | 471 | 21.0% |
China | 165 | 127 | 257 | 216 | 9.4% |
United States | 83.6 | 154 | 234 | 197 | 33.1% |
Mexico | 0.6 | 43.4 | 125 | 106 | 461.1% |
Germany | 12.2 | 56.7 | 32.1 | 27.6 | 31.3% |
Malaysia | 35.5 | 2.6 | 13.7 | 14.1 | -26.5% |
United Kingdom | 25.0 | 13.2 | 10.9 | 13.3 | -19.0% |
France | 11.7 | 8.0 | 14.9 | 12.5 | 2.2% |
Canada | 3.2 | 3.9 | 11.2 | 9.4 | 43.2% |
Spain | N/A | N/A | 83.9 | N/A | 0% |
Egypt | 17.6 | N/A | N/A | N/A | 0% |
Northern Mariana Islands | 120 | N/A | N/A | N/A | 0% |
Others | 9.7 | 37.6 | 36.6 | 10.2 | 1.7% |
Total | 750 | 1,838 | 891 | 1,076 | 12.8% |
Top Export Markets for Copper Sanitary Ware from Hong Kong SAR in 2022:
- China (29.5 tons)
- United States (13.7 tons)
- Mexico (10.9 tons)
- Macao SAR (7.9 tons)
- United Kingdom (1.9 tons)
- Canada (1.8 tons)
- Germany (1.7 tons)
- France (1.3 tons)
- Malaysia (1.1 tons)
This report provides an in-depth analysis of the copper sanitary ware 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 25991135 - Sanitary ware and parts thereof of copper
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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In April 2023, the pace of growth for Copper Sanitary Ware imports was the most pronounced, with a 29% increase on a month-on-month basis. However, the value of these imports declined to $290K in October 2023.
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In April 2023, the pace of growth for Copper Sanitary Ware imports was the most pronounced, with a 29% increase on a month-on-month basis. However, the value of these imports declined to $290K in October 2023.