Commercial Printing Price in Hong Kong SAR - 2023

Contents:

1. Commercial Printing Price in Hong Kong SAR (FOB) - 2023
2. Commercial Printing Price in Hong Kong SAR (CIF) - 2023
3. Commercial Printing Exports in Hong Kong SAR
4. Commercial Printing Imports in Hong Kong SAR

Commercial Printing Price in Hong Kong SAR (FOB) - 2023

In June 2023, the average commercial printing export price amounted to $6,315 per ton, increasing by 2.2% against the previous month. In general, the export price, however, recorded a slight shrinkage. The pace of growth appeared the most rapid in October 2022 an increase of 15% against the previous month. The export price peaked at $9,125 per ton in December 2022; however, from January 2023 to June 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($21,876 per ton), while the average price for exports to the UK ($3,548 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 (+3.3%), while the prices for the other major destinations experienced more modest paces of growth.

Commercial Printing Price in Hong Kong SAR (CIF) - 2023

In June 2023, the average commercial printing import price amounted to $5,283 per ton, growing by 6.3% against the previous month. Over the period under review, the import price, however, recorded a slight setback. The pace of growth was the most pronounced in August 2022 an increase of 26% month-to-month. The import price peaked at $7,249 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat 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 Japan ($31,126 per ton), while the price for China ($3,993 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 Taiwan (Chinese) (+4.1%), while the prices for the other major suppliers experienced a decline.

Commercial Printing Exports in Hong Kong SAR

In 2022, approx. 162K tons of commercial printing (except screen and books) were exported from Hong Kong SAR; with a decrease of -47.5% against 2021 figures. In general, exports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2021 when exports increased by 14%.

In value terms, commercial printing exports contracted markedly to $1.2B in 2022. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 14%.

Top Export Markets for Commercial Printing from Hong Kong SAR in 2022:

1. United States (53.8K tons)
2. China (19.1K tons)
3. United Kingdom (18.5K tons)
4. Australia (11.3K tons)
5. Vietnam (5.7K tons)
6. France (5.6K tons)
7. Germany (4.9K tons)
8. Netherlands (3.3K tons)
9. Spain (2.7K tons)
10. Italy (2.6K tons)
11. Indonesia (2.5K tons)
12. Taiwan (Chinese) (1.9K tons)

Commercial Printing Imports in Hong Kong SAR

In 2022, approx. 122K tons of commercial printing (except screen and books) were imported into Hong Kong SAR; waning by -56.4% against the year before. In general, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 12%.

In value terms, commercial printing imports declined rapidly to $734M in 2022. Over the period under review, imports faced a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 17%.

Top Suppliers of Commercial Printing to Hong Kong SAR in 2022:

1. China (110.1K tons)
2. Taiwan (Chinese) (2.9K tons)
3. Japan (2.1K tons)

Source: IndexBox Market Intelligence Platform