Hong Kong SAR, China: Industrial Roundwood Market 2024

Industrial Roundwood Market Size in Hong Kong SAR, China

The Hong Kong industrial roundwood market contracted markedly to $X in 2022, with a decrease of X% against the previous year. Over the period under review, consumption saw a abrupt setback. Over the period under review, the market reached the peak level at $X in 2021, and then shrank markedly in the following year.

Industrial Roundwood Production in Hong Kong SAR, China

In value terms, industrial roundwood production rose modestly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt decline. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Industrial Roundwood Exports

Exports from Hong Kong SAR, China

In 2022, exports of industrial roundwood from Hong Kong SAR skyrocketed to X cubic meters, increasing by X% compared with 2021. Overall, exports, however, saw a precipitous contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X cubic meters in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, industrial roundwood exports surged to $X in 2022. Over the period under review, exports, however, faced a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X cubic meters) was the main destination for industrial roundwood exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, industrial roundwood exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X cubic meters), more than tenfold.

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

In value terms, China ($X) remains the key foreign market for industrial roundwood exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average industrial roundwood export price amounted to $X per cubic meter, rising by X% against the previous year. Over the period under review, the export price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price attained the peak level of $X per cubic meter. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per cubic meter), while the average price for exports to Taiwan (Chinese) totaled $X per cubic meter.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%).

Industrial Roundwood Imports

Imports into Hong Kong SAR, China

In 2022, industrial roundwood imports into Hong Kong SAR reduced notably to X cubic meters, which is down by X% on the year before. Overall, imports recorded a sharp slump. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X cubic meters in 2021, and then reduced markedly in the following year.

In value terms, industrial roundwood imports fell rapidly to $X in 2022. Over the period under review, imports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

China (X cubic meters), the United States (X cubic meters) and Taiwan (Chinese) (X cubic meters) were the main suppliers of industrial roundwood imports to Hong Kong SAR, with a combined X% share of total imports. New Zealand, Guyana, Cambodia and Australia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Guyana (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of industrial roundwood to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Guyana ($X), with an X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Guyana (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

In 2022, the average industrial roundwood import price amounted to $X per cubic meter, jumping by X% against the previous year. Overall, the import price, however, showed a abrupt slump. The import price peaked at $X per cubic meter in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 Australia ($X per cubic meter), while the price for New Zealand ($X per cubic meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guyana (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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