Report Update: May 1, 2024

Hong Kong SAR, China - Wooden Particle Board - Market Analysis, Forecast, Size, Trends And Insights

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Wooden Particle Board Price in Hong Kong SAR - 2023

Wooden Particle Board Price in Hong Kong SAR (CIF) - 2022

In 2022, the average wooden particle board import price amounted to $469 per cubic meter, with a decrease of -20.8% against the previous year. In general, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 148%. The import price peaked at $1,846 per cubic meter in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Italy amounted to +10.3% per year.

Wooden Particle Board Price in Hong Kong SAR (FOB) - 2022

In 2022, the average wooden particle board export price amounted to $883 per cubic meter, falling by -36.9% against the previous year. Over the period under review, the export price, however, posted resilient growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 94%. Over the period under review, the average export prices hit record highs at $1,400 per cubic meter in 2021, and then dropped sharply in the following year.

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

From 2013 to 2022, the rate of growth in terms of prices for China amounted to +3.8% per year.

Wooden Particle Board Imports in Hong Kong SAR

In 2022, after three years of growth, there was significant decline in purchases abroad of wooden particle board, when their volume decreased by -48.4% to 294 cubic meters. Overall, imports, however, saw a perceptible increase. The pace of growth was the most pronounced in 2020 when imports increased by 69%. Over the period under review, imports attained the peak figure at 570 cubic meters in 2021, and then fell remarkably in the following year.

In value terms, wooden particle board imports dropped dramatically to $138K in 2022. Over the period under review, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 58% against the previous year. As a result, imports reached the peak of $338K, and then shrank significantly in the following year.

Import of Wooden Particle Board in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	161	211	312	138	-5.0%
Italy	27.5	3.4	26.1	N/A	-2.6%
Others	5.6	N/A	N/A	N/A	0%
Total	194	214	338	138	-10.7%

Top Suppliers of Wooden Particle Board to Hong Kong SAR in 2022:

China (294.0 cubic meters)

Wooden Particle Board Exports in Hong Kong SAR

In 2022, shipments abroad of wooden particle board was finally on the rise to reach 227 cubic meters for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a sharp shrinkage. The exports peaked at 457 cubic meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, wooden particle board exports fell rapidly to $200K in 2022. Over the period under review, exports, however, continue to indicate a significant contraction. The growth pace was the most rapid in 2021 with an increase of 49%. Over the period under review, the exports attained the peak figure at $476K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Wooden Particle Board in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	470	186	278	200	-24.8%
Others	6.0	N/A	0.9	N/A	-61.3%
Total	476	186	279	200	-25.1%

Top Export Markets for Wooden Particle Board from Hong Kong SAR in 2022:

China (227.0 cubic meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the wooden particle board 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:

Prodcom 16211319 - Waferboard and similar board, of wood (excluding particle board and oriented strand board [OSB])

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023