Hong Kong SAR, China: Paperboard Case Material Market 2024

Paperboard Case Material Market Size in Hong Kong SAR, China

In 2022, the Hong Kong paperboard case material market increased by 48% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, continues to indicate a pronounced curtailment. Paperboard case material consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Paperboard Case Material Production in Hong Kong SAR, China

In value terms, paperboard case material production contracted to $X in 2022 estimated in export price. Overall, production saw a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 117%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Paperboard Case Material Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of paperboard case materials decreased by -95.9% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt decrease. The pace of growth was the most pronounced in 2019 when exports increased by 336%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, paperboard case material exports shrank remarkably to $X in 2022. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2020 when exports increased by 113%. As a result, the exports reached the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Indonesia (X tons), Vietnam (X tons) and China (X tons) were the main destinations of paperboard case material exports from Hong Kong SAR, with a combined 87% share of total exports. Taiwan (Chinese), Mexico, Bangladesh, Cambodia, Sri Lanka and the Philippines lagged somewhat behind, together accounting for a further 9.7%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Taiwan (Chinese) (with a CAGR of +81.2%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for paperboard case materials exports from Hong Kong SAR, comprising 55% of total exports. The second position in the ranking was held by Indonesia ($X), with a 20% share of total exports. It was followed by Vietnam, with a 14% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -15.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+11.4% per year) and Vietnam (+22.4% per year).

Export Prices by Country

The average paperboard case material export price stood at $X per ton in 2022, jumping by 140% against the previous year. Over the period under review, the export price, however, recorded a pronounced slump. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Sri Lanka ($X 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 the Philippines (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Paperboard Case Material Imports

Imports into Hong Kong SAR, China

In 2022, approx. X tons of paperboard case materials were imported into Hong Kong SAR; with a decrease of -33.3% against the previous year's figure. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2017 with an increase of 45%. As a result, imports reached the peak of X tons. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, paperboard case material imports shrank sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2017 when imports increased by 53% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), Finland (X tons) and Malaysia (X tons) were the main suppliers of paperboard case material imports to Hong Kong SAR, together comprising 54% of total imports. Sri Lanka, Vietnam, New Zealand, Thailand and Japan lagged somewhat behind, together comprising a further 23%.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +89.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest paperboard case material suppliers to Hong Kong SAR were China ($X), Japan ($X) and Finland ($X), together comprising 67% of total imports. Malaysia, Vietnam, New Zealand, Sri Lanka and Thailand lagged somewhat behind, together comprising a further 21%.

Vietnam, with a CAGR of +85.8%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average paperboard case material import price amounted to $X per ton, declining by -42.7% against the previous year. Over the period under review, the import price showed a deep reduction. The growth pace was the most rapid in 2015 when the average import price increased by 27%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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 Japan ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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