Hong Kong SAR, China - MDF - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMDF Price in Hong Kong SAR - 2023
Contents:
- MDF Price in Hong Kong SAR (CIF) - 2022
- MDF Price in Hong Kong SAR (FOB) - 2022
- MDF Imports in Hong Kong SAR
- MDF Exports in Hong Kong SAR
MDF Price in Hong Kong SAR (CIF) - 2022
The average MDF import price stood at $615 per cubic meter in 2022, surging by 4% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 21% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see gradual growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($1,714 per cubic meter), while the price for Indonesia ($260 per cubic meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (+2.0%), while the prices for the other major suppliers experienced more modest paces of growth.
MDF Price in Hong Kong SAR (FOB) - 2022
In 2022, the average MDF export price amounted to $1,185 per cubic meter, rising by 32% against the previous year. In general, the export price continues to indicate a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 70%. The export price peaked at $1,342 per cubic meter in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
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 Singapore ($10,160 per cubic meter), while the average price for exports to China amounted to $998 per cubic meter.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
MDF Imports in Hong Kong SAR
In 2022, approx. 5K cubic meters of MDF were imported into Hong Kong SAR; jumping by 44% compared with 2021 figures. Over the period under review, total imports indicated buoyant growth 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. Based on 2022 figures, imports increased by +51.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, MDF imports surged to $3.1M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +11.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +81.4% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of MDF in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 696 | 585 | 808 | 1,722 | 35.3% |
| Indonesia | 180 | 197 | 198 | 185 | 0.9% |
| Spain | 59.9 | 79.8 | 204 | 155 | 37.3% |
| Italy | 0.8 | 3.7 | 9.1 | 141 | 460.7% |
| Malaysia | 148 | 78.3 | 222 | 136 | -2.8% |
| Germany | 134 | 74.8 | 98.8 | 20.4 | -46.6% |
| Australia | 30.6 | 256 | N/A | N/A | 736.6% |
| Others | 979 | 431 | 519 | 735 | -9.1% |
| Total | 2,228 | 1,705 | 2,059 | 3,094 | 11.6% |
Top Suppliers of MDF to Hong Kong SAR in 2022:
- China (3462.0 cubic meters)
- Indonesia (710.0 cubic meters)
- Malaysia (454.0 cubic meters)
- Spain (170.0 cubic meters)
- Italy (82.0 cubic meters)
- Germany (12.0 cubic meters)
MDF Exports in Hong Kong SAR
In 2022, approx. 119 cubic meters of MDF were exported from Hong Kong SAR; which is down by -40.5% against the previous year. Over the period under review, exports faced a sharp contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 11%. Over the period under review, the exports reached the maximum at 458 cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, MDF exports fell significantly to $141K in 2022. Overall, exports saw a sharp shrinkage. Over the period under review, the exports attained the maximum at $493K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of MDF in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 404 | 177 | 165 | 115 | -34.2% |
| Singapore | N/A | N/A | N/A | 20.3 | 0% |
| Vietnam | 47.9 | N/A | N/A | N/A | 0% |
| Others | 41.3 | 64.7 | 14.3 | 5.9 | -47.7% |
| Total | 493 | 242 | 179 | 141 | -34.1% |
Top Export Markets for MDF from Hong Kong SAR in 2022:
- China (115.0 cubic meters)
- Singapore (2.0 cubic meters)
This report provides an in-depth analysis of the mdf 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:
- FCL 1648 - MDF/HDF
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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