Hong Kong SAR, China - Folding Boxboard - Market Analysis, Forecast, Size, Trends and Insights
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View PricingFolding Boxboard Price in Hong Kong SAR - 2023
Contents:
- Folding Boxboard Price in Hong Kong SAR (CIF) - 2023
- Folding Boxboard Price in Hong Kong SAR (FOB) - 2023
- Folding Boxboard Imports in Hong Kong SAR
- Folding Boxboard Exports in Hong Kong SAR
Folding Boxboard Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average folding boxboard import price amounted to $382 per ton, dropping by -11.5% against the previous month. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in February 2023 an increase of 32% month-to-month. The import price peaked at $801 per ton in September 2022; however, from October 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($1,964 per ton), while the price for Vietnam ($223 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+0.4%), while the prices for the other major suppliers experienced a decline.
Folding Boxboard Price in Hong Kong SAR (FOB) - 2023
The average folding boxboard export price stood at $4,056 per ton in June 2023, remaining stable against the previous month. In general, the export price saw notable growth. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 80% month-to-month. The export price peaked in June 2023.
There were significant differences in the average prices for the major overseas markets. In June 2023, the country with the highest price was Thailand ($8,956 per ton), while the average price for exports to China ($3,499 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+10.5%), while the prices for the other major destinations experienced mixed trend patterns.
Folding Boxboard Imports in Hong Kong SAR
In 2022, purchases abroad of folding boxboard decreased by -24.4% to 83K tons, falling for the second year in a row after two years of growth. Over the period under review, total imports indicated a noticeable expansion from 2019 to 2022: its volume increased at an average annual rate of +2.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -30.6% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 55%. As a result, imports attained the peak of 120K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, folding boxboard imports contracted to $62M in 2022. In general, imports recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 6.9% against the previous year. As a result, imports reached the peak of $73M, and then fell in the following year.
| Import of Folding Boxboard in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 9.6 | 26.9 | 32.9 | 23.7 | 35.2% |
| China | 23.9 | 12.3 | 11.4 | 10.1 | -25.0% |
| United States | 7.6 | 4.7 | 6.7 | 7.2 | -1.8% |
| Japan | 7.1 | 5.2 | 7.3 | 4.6 | -13.5% |
| South Korea | 5.7 | 3.6 | 4.0 | 1.7 | -33.2% |
| Sweden | 5.4 | 8.2 | 4.3 | 0.1 | -73.5% |
| Others | 10.5 | 7.5 | 6.6 | 15.0 | 12.6% |
| Total | 69.8 | 68.5 | 73.2 | 62.4 | -3.7% |
Top Suppliers of Folding Boxboard to Hong Kong SAR in 2022:
- Vietnam (61.8K tons)
- China (7.7K tons)
- South Korea (2.0K tons)
- United States (1.4K tons)
- Japan (1.2K tons)
- Sweden (0.1K tons)
Folding Boxboard Exports in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of folding boxboard, which decreased by -40.5% to 7.2K tons in 2022. In general, exports showed a precipitous decline. The smallest decline of -17.7% was in 2020.
In value terms, folding boxboard exports dropped rapidly to $14M in 2022. Overall, exports faced a dramatic setback. The smallest decline of -3.4% was in 2020.
| Export of Folding Boxboard in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.6 | 28.5 | 19.9 | 9.5 | -30.7% |
| Mexico | 0.4 | 1.1 | 0.1 | 0.3 | -9.1% |
| Vietnam | 0.9 | 1.0 | 0.3 | 0.3 | -30.7% |
| Australia | N/A | N/A | N/A | 0.2 | 0% |
| Bangladesh | 1.3 | 0.7 | 0.3 | 0.2 | -46.4% |
| Taiwan (Chinese) | 1.4 | 1.2 | 0.5 | 0.2 | -47.7% |
| Others | 3.7 | 2.7 | 2.6 | 3.2 | -4.7% |
| Total | 36.3 | 35.1 | 23.7 | 13.9 | -27.4% |
Top Export Markets for Folding Boxboard from Hong Kong SAR in 2022:
- Taiwan (Chinese) (undefinedK tons)
- China (4.7K tons)
- Mexico (0.2K tons)
- Vietnam (0.2K tons)
- Australia (0.1K tons)
- Bangladesh (0.1K tons)
This report provides an in-depth analysis of the folding boxboard 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 1618 - Cartonboard
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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