This graph displays the share of stationery exports from Hong Kong in 2022, by end market. That year, approximately 60 percent of stationery exports from Hong Kong went to mainland China.

The Hong Kong stationery market contracted to $39M in 2024, reducing by -8.7% against the previous year. The market value increased at an average annual rate of +2.5% from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level of $46M. From 2014 to 2024, the growth of the market failed to regain momentum.

Hong Kong Stationery Products Market is expected to grow during 2025-2031

The Hong Kong stationery product market fell sharply to $32M in 2024, dropping by -25.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption recorded a mild downturn. Stationery product consumption peaked at $60M in 2014; however, from 2015 to 2024, consumption stood at a somewhat lower figure.

This report is the result of Conlumino’s extensive market research covering Hong Kong Stationery and Cards. It provides detailed historic and forecast sales value of the market at category level. "Stationery and Cards Retailing in Hong Kong: Market Snapshot to 2018" provides a top-level overview and detailed insight into the operating environment of Hong Kong retail industry. It is an essential tool for companies active across Hong Kong retail value chain and for new players considering entering the market. Read More

In 2024, the Hong Kong wooden office furniture market was finally on the rise to reach $15M after four years of decline. In general, consumption saw a deep reduction. Over the period under review, the market attained the peak level at $34M in 2012; however, from 2013 to 2024, consumption failed to regain momentum.

The size of the Asia-Pacific Contract Furniture Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of > 5.50% during the forecast period.Contract furniture refers to a specialized niche within the furniture business that creates furniture specifically for commercial environments. This type of furniture is utilized in offices, hotels, restaurants, hospitals, schools, and many other public institutions. The major difference between the contract furniture category and the household furniture is its design and production, designed for great functionality-aesthetic value-good durability, comfort, and ease of maintenance. This region is one of the fastest-growing in the Asia-Pacific region for the contract furniture market, mainly due to rapid urbanization, economic development, and increased disposable income. The rising middle class in the region has created demand for better-quality furniture, which is not just style-conscience, but also commercial furniture, and this would be a strong driving force in the market. Growing business hubs across Asia-Pacific have also placed a strong demand for office furniture, especially in major cities like Hong Kong, Singapore, and Shanghai. Recent developments include: July 2022: Kokuyo acquired HNI Corporations China and Hong Kong-based Lamex Office Furniture business for USD 75 Million., April 2022: Fursys Inc. agreed to acquire FURSYS VN Ltd from Sidiz.Inc. for KRW 50 billion on April 22, 2022. Transaction board resolution was made on April 22, 2022. The transaction completion date was May 6, 2022.. Key drivers for this market are: Rise in New Offices in South Korea, Wide Range of Design Broadening Consumer Base. Potential restraints include: Fluctuations in Raw Material Prices and Rise in Shipping Prices, Intense Competition from Both Local and International Players. Notable trends are: Increased Number of Workspaces in Asia-Pacific is Driving the Demand of Contract Furniture.

Market Overview The Japan office furniture industry is projected to grow from USD 1.56 billion in 2025 to USD 2.12 billion by 2033, exhibiting a CAGR of 3.45% during the forecast period. The growth is attributed to increasing demand for ergonomic and technologically advanced office furniture as companies prioritize employee comfort and productivity. Additionally, the rise of remote work and coworking spaces has expanded the need for versatile and flexible furniture solutions. Market Drivers and Trends Key drivers of the industry include the growing number of office workers, increasing demand for sustainable and eco-friendly furniture, and advancements in technology that facilitate smart and connected furniture systems. Trends such as agile working, open-plan offices, and the adoption of hot-desking have influenced the design and functionality of office furniture. However, factors such as economic fluctuations and supply chain disruptions pose challenges to the industry. Recent developments include: Jan 2023: Partnership agreement between KOKUYO and Allsteel. KOKUYO Co., Ltd. announced the partnership agreement with Allsteel Inc., a leading manufacturer of contract furnishings., July 2022: HNI Corporation announced it had completed the sale of its China- and Hong Kong-based Lamex office furniture business. The business was acquired by Kokuyo Co., Ltd. for USD 75 million, subject to standard post-closing adjustments. Kokuyo is a leading manufacturer and office furniture provider in Japan and across Asia.. Key drivers for this market are: Increasing Demand for Comfort and Convenience, Growing Awareness of Energy Efficiency. Potential restraints include: Seasonal Demand Fluctuations, Safety Concerns Related to Overheating or Electrical Malfunctions. Notable trends are: Rise in Sales of Office Furniture in Japan.

Statistics illustrates market overview of stationery product in Hong Kong SAR from 2007 to 2024.

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Correction Tapes Market Size 2024-2028

The correction tapes market size is estimated to grow by USD 117.1 million at a CAGR of 14.91% between 2023 and 2028. In the educational and corporate sectors, the Correction Tapes Market is experiencing significant growth. The increasing product demand among students is a key driving factor, as these tapes offer a convenient and efficient solution for correcting errors on assignments and exam papers. Additionally, the corporate sector's expansion is contributing to the market's growth, as businesses seek to improve productivity and maintain high-quality documentation. The convenience and time-saving benefits of correction tapes make them an essential tool for both students and professionals, ensuring their continued adoption and demand in various industries.

What will be the Size of the Market During the Forecast Period?

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Market Dynamic and Customer Landscape

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

Increasing product demand among students is the key driver for the growth of the market. There is the existence of a high demand for correction tapes in schools and universities. Owing to the rising in literacy rates and the growing adoption of correction tapes among students contributing to the growth of the market. Many students in lower grades have replaced pencils with pens. The increasing use of pens contributes to a rise in the use of correction tapes and correction fluids. The use of pens and correction tapes was restricted to the administrative departments of educational institutions. However, the penetration of correction tapes has risen among elementary schoolers as well.

Furthermore, the market vendors are focusing on introducing customized correction tapes for students belonging to different grades. For instance, the MR2 handheld correction tape dispenser by PLUS Corp (PLUS corporation) is targeted at students who are transitioning from pencil-based notes to ballpoint pen-based notes. Similarly, vendors such as 3M are also developing the use of correction tapes. For example, in Hong Kong, 3M has encouraged secondary school students to create an advertisement using its newly introduced Scotch correction tape. Demand for these tapes, which will grow drives the market in focus during the forecast period.

Significant Market Trends

The advent of ergonomic correction tapes is the primary trend in the global correction tapes market. Some vendors in the global correction tapes market are continuously engaged in making innovative product strategies to offer products that attract multiple customer segments. The introduction of ergonomic correction tapes has raised the growth prospects of the existing market vendors. These ergonomically advanced correction tapes are divided by enhanced ease of use.

In addition, for example, CORRECTION TAPE FX by PLUS Corp (PLUS corporation) Corporation is equipped with a flexible head that delivers neat correction lines. The product is developed with a multi-angle flexible head, a 2-way correction feature, and improved grip and stability. Similarly, the correction tapes offered by BIC named Tipp-Ex Pocket Mouse, Tipp-Ex Speedy, and DeleteO are featured with rubber grips. These products are characterized by an enhanced grip and are shaped for easy use. Hence, this innovation is estimated to boost the use of correction tapes which will drive the market during the forecast period.

Major Market Challenge

Increasing the use of digital platforms in offices is the key challenge for the growth of the market. Increasing digitization of the work environment is the major challenge faced by the office stationery, supplies, and services market. Digitalization has adversely affected the demand for traditional office supplies such as paper and fax materials. Due to the advances in technology, office communication mostly happens over digital gadgets such as computers and laptops. The rising use of such devices has decreased the demand for office stationery products. Owing to the emergence of technologies such as cloud services, the demand for office stationery products such as files and folders has been reduced.

Moreover, digital gadgets are more efficient and faster in editing, and transferring files and data in offices compared to the traditional way of writing and storing data on paper. Hence, employees are increasingly using software such as Microsoft Office, which includes Outlook, OneDrive, Word, Excel, PowerPoint, OneNote, SharePoint, Microsoft Teams, and Yammer. This software is built to help employees draft and share information across offices, manage calendars, securely share documents, and send emails,

Credit report of Hong Kong Jute Office Equipment Lim contains unique and detailed export import market intelligence with it's phone, email, Linkedin and details of each import and export shipment like product, quantity, price, buyer, supplier names, country and date of shipment.

Metal office furniture imports into Hong Kong SAR was estimated at 8.6K tons in 2023, rising by 1.5% on the previous year.

Statistics illustrates market overview of metal office furniture in Hong Kong SAR from 2007 to 2024.

Credit report of Beifang Office Equipment Hong Kong Co Ltd contains unique and detailed export import market intelligence with it's phone, email, Linkedin and details of each import and export shipment like product, quantity, price, buyer, supplier names, country and date of shipment.

The average revenue per capita is forecast to experience significant growth in all segments in 2029. Concerning the seven selected segments, the segment Living Room Furniture has the largest average revenue per capita with ****** U.S. dollars. Contrastingly, Home Office Furniture is ranked last, with ***** U.S. dollars. Their difference, compared to Living Room Furniture, lies at ****** U.S. dollars. Find further statistics on other topics such as a comparison of the revenue in Japan and a comparison of the average revenue per capita in Hong Kong. The Statista Market Insights cover a broad range of additional markets.

The China construction machinery market, valued at approximately $XX million in 2025 (assuming a logical extrapolation based on the provided CAGR of 5.10% and a known 2019-2024 historical period), is experiencing robust growth, projected to maintain a steady CAGR of 5.10% through 2033. This expansion is fueled by several key drivers: China's continued substantial investment in infrastructure development, including its Belt and Road Initiative; urbanization and the ongoing need for modernized housing and commercial buildings; and a growing emphasis on renewable energy projects and related infrastructure. Technological advancements, such as the integration of hybrid and electric drive systems in construction machinery, are shaping market trends, promoting greater efficiency and reducing environmental impact. However, challenges remain, including potential fluctuations in government spending, global economic uncertainty, and the need to address ongoing supply chain complexities. Market segmentation reveals strong demand across various machinery types, with cranes, excavators, and loaders consistently performing well. The OEM sales channel dominates, but the aftermarket segment is also growing steadily as the installed base of machinery expands. Competition is fierce, with both domestic giants like XCMG and Sany Group, as well as international players such as Caterpillar and Liebherr, vying for market share. The competitive landscape necessitates strategic innovation and efficient supply chain management. Companies are focusing on developing advanced technologies, optimizing product offerings for specific applications (building, infrastructure, energy), and strengthening their after-sales service networks to maintain a competitive edge. While the Chinese market holds significant promise, companies must carefully navigate the regulatory environment and address potential economic headwinds to achieve sustainable growth. Further growth is expected in the hybrid and electric drive segments driven by both environmental concerns and potential government incentives. Regional variations within China will likely influence market dynamics, with faster growth anticipated in rapidly developing urban centers. Future projections suggest a continuously expanding market, driven by long-term infrastructure development plans and ongoing economic growth. Recent developments include: November 2022: XCMG confirmed signed purchasing contracts worth USD 60 million with four major global suppliers, Kawasaki Heavy Industries, Linde Hydraulics AG, Danfoss A/S, and Daimler SE, to build a high-end global supply chain network and maintain resilience in the global construction equipment manufacturing industry. The contracts were signed at the ongoing China International Import Expo (CIIE) in Shanghai., November 2022: XCMG chose Allison transmissions as their exclusive transmission supplier for all-terrain cranes. Allison's new 4970 Specialty Series (SP) transmission will debut in the XCMG XCA400L8 all-terrain crane model., October 2022: Shantui delivered its first DL300G bulldozer to a customer in Hong Kong. The machine would be deployed in prestigious construction projects like the construction of the third runway of Hong Kong International Airport, the SUEZ landfill, and Discovery Bay Golf Course in Hong Kong., August 2022: XCMG announced the building of its second XE7000 hydraulic excavator. The new XE7000 features a backhoe design with a larger bucket capacity and higher operating efficiency, which is claimed to fully meet the needs of mining customers.. Key drivers for this market are: Electrification of Construction Equipment May Propel the Market Growth. Potential restraints include: Construction Rental Business May Hamper Market Growth. Notable trends are: Growing Demand for Excavators to Drive the Market..

For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of office or school supplies of plastics, which decreased by -1.7% to 2.1K tons in 2023.

As per Cognitive Market Research's latest published report, The Concrete Pump market size was $4.26 Billion in 2022 and it is forecasted to reach $6.43 Billion by 2030. Concrete Pump Industry's Compound Annual Growth Rate will be 4.5% from 2023 to 2030. Factors Impacting on Concrete Pump Market

With the increasing population, the demand for infrastructure and resources such as water, natural gas, oil, and also increases proportionally. With the increasing urban population, the demand for residential and basic necessities also increases. According to the World Bank, 66 percent of South Africa's population was living in urban areas in 2017 which increased to 67 percent in 2020. With this rising population construction activities in South Africa have been growing rapidly. Concrete pumps play important role in construction activities. Concrete Pump is the most trusted and useful pump for cement. It is widely employed in the transportation of cement slurry. This raises the demand for slurry pumps in the construction sector.

What are the restraints for the Concrete Pump market?

With the growing number of development projects throughout the nation, particularly after the recovery from the COVID-19 pandemic, the use of concrete pumps in the construction sector is expected to skyrocket. However, the high costs involved with the use of concrete pumps in Hong Kong and Macau can stifle this expansion. What is Concrete Pump?

A concrete pump is a type of concrete conveying equipment that uses horizontal or vertical pipes to continually transport concrete to a pouring construction site. When concrete is needed, a mixing truck mixes the material in its revolving drum first. The truck then drops the liquid concrete into a hopper, which churns the concrete to prevent it from solidifying. The concrete pump then suctions the liquid concrete from the hopper, via a valve system, and onto the area where it will be placed down, often with the help of auxiliary hoses.

Concrete pumps are powered by a motor or diesel engine and are used to transport liquid concrete to the construction site. The operating capacity of a concrete pump is influenced by a variety of parameters such as the length of the line, the number of bends in the line, the kind of pipe, the size of the line, the height to which the concrete is being pumped, and the concrete mixture.

The report has segmented Hong Kong and Macau concrete pump market into types such as truck-mounted concrete pumps, stationary concrete pumps, and specialized concrete pumps as well as industry verticals such as industrial, commercial, and domestic.

In Hong Kong and Macau mining and construction activities are rapidly growing. With these growing activities there is high demand for the concrete pump has been observed in the region.

In 2023, the amount of wooden furniture of a kind used in offices imported into Hong Kong SAR fell notably to 280K units, dropping by -34.1% against 2022 figures.

For the third year in a row, the Hong Kong metal office furniture market recorded decline in sales value, which decreased by -19.2% to $15M in 2024. In general, consumption continues to indicate a perceptible slump. Over the period under review, the market attained the peak level at $27M in 2019; however, from 2020 to 2024, consumption remained at a lower figure.