Hong Kong SAR, China: Non-Corrugated Paper Box Market 2024

Non-Corrugated Paper Box Market Size in Hong Kong SAR, China

The Hong Kong non-corrugated paper box market rose significantly to $X in 2022, picking up by X% against the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to continue growth in years to come.

Non-Corrugated Paper Box Production in Hong Kong SAR, China

In value terms, non-corrugated paper box production stood at $X in 2022 estimated in export price. Overall, production showed a resilient increase. The pace of growth appeared the most rapid in 2015 when the production volume increased by X%. Non-corrugated paper box production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Non-Corrugated Paper Box Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of folding cartons, boxes and cases of non-corrugated paper or paperboard were exported from Hong Kong SAR; waning by X% compared with the year before. In general, exports saw a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, non-corrugated paper box exports fell dramatically to $X in 2022. Overall, exports recorded a drastic downturn. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), the United States (X tons) and Vietnam (X tons) were the main destinations of non-corrugated paper box exports from Hong Kong SAR, with a combined X% share of total exports. South Korea, Japan, Bangladesh, France, the Philippines, Switzerland, India, the UK, Singapore and Indonesia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for non-corrugated paper box exported from Hong Kong SAR were the United States ($X), China ($X) and South Korea ($X), together accounting for X% of total exports. Vietnam, Switzerland, France, the UK, Japan, Bangladesh, the Philippines, Singapore, India and Indonesia lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, India, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average non-corrugated paper box export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-corrugated paper box export price increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 Switzerland ($X per ton), while the average price for exports to Indonesia ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Corrugated Paper Box Imports

Imports into Hong Kong SAR, China

Non-corrugated paper box imports into Hong Kong SAR shrank to X tons in 2022, with a decrease of X% against 2021. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, non-corrugated paper box imports declined to $X in 2022. In general, imports showed a pronounced reduction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main supplier of non-corrugated paper box to Hong Kong SAR, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

In value terms, China ($X) constituted the largest supplier of folding cartons, boxes and cases of non-corrugated paper or paperboard to Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%.

Import Prices by Country

The average non-corrugated paper box import price stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

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