| Product Code: ETC5143154 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Hong Kong continued to see significant imports of abrasive cloth primarily from Japan, South Korea, China, Malaysia, and Metropolitan France. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. However, the industry experienced a notable decline with a compound annual growth rate (CAGR) of -15.71% from 2020 to 2024. Furthermore, the growth rate in 2024 saw a slight improvement but remained negative at -3.65%. These trends suggest a challenging market environment for abrasive cloth imports in Hong Kong.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Hong Kong Abrasive Cloth Market Overview |
3.1 Hong Kong Country Macro Economic Indicators |
3.2 Hong Kong Abrasive Cloth Market Revenues & Volume, 2021 & 2031F |
3.3 Hong Kong Abrasive Cloth Market - Industry Life Cycle |
3.4 Hong Kong Abrasive Cloth Market - Porter's Five Forces |
3.5 Hong Kong Abrasive Cloth Market Revenues & Volume Share, By Cloth Type, 2021 & 2031F |
3.6 Hong Kong Abrasive Cloth Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.7 Hong Kong Abrasive Cloth Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Hong Kong Abrasive Cloth Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing construction and infrastructure development projects in Hong Kong increasing the demand for abrasive cloth for surface preparation and finishing. |
4.2.2 Increasing industrial activities in sectors such as manufacturing, automotive, and aerospace driving the need for abrasive cloth for various applications. |
4.2.3 Rising adoption of abrasive cloth in the woodworking industry for sanding and finishing purposes, contributing to market growth. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the production cost of abrasive cloth. |
4.3.2 Intense competition among market players leading to price wars and margin pressures. |
4.3.3 Stringent environmental regulations related to the disposal of used abrasive cloth affecting market operations. |
5 Hong Kong Abrasive Cloth Market Trends |
6 Hong Kong Abrasive Cloth Market Segmentations |
6.1 Hong Kong Abrasive Cloth Market, By Cloth Type |
6.1.1 Overview and Analysis |
6.1.2 Hong Kong Abrasive Cloth Market Revenues & Volume, By Cotton Abrasive Cloth, 2021-2031F |
6.1.3 Hong Kong Abrasive Cloth Market Revenues & Volume, By Polyester Abrasive Cloth, 2021-2031F |
6.1.4 Hong Kong Abrasive Cloth Market Revenues & Volume, By Other Abrasive Cloth, 2021-2031F |
6.2 Hong Kong Abrasive Cloth Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Hong Kong Abrasive Cloth Market Revenues & Volume, By Woodworking, 2021-2031F |
6.2.3 Hong Kong Abrasive Cloth Market Revenues & Volume, By Metalworking, 2021-2031F |
6.2.4 Hong Kong Abrasive Cloth Market Revenues & Volume, By Paint/surface Preparation, 2021-2031F |
6.3 Hong Kong Abrasive Cloth Market, By End Use |
6.3.1 Overview and Analysis |
6.3.2 Hong Kong Abrasive Cloth Market Revenues & Volume, By Glass, 2021-2031F |
6.3.3 Hong Kong Abrasive Cloth Market Revenues & Volume, By Transportation, 2021-2031F |
6.3.4 Hong Kong Abrasive Cloth Market Revenues & Volume, By Furniture, 2021-2031F |
6.3.5 Hong Kong Abrasive Cloth Market Revenues & Volume, By Leather, 2021-2031F |
6.3.6 Hong Kong Abrasive Cloth Market Revenues & Volume, By General Manufacturing & Fabrication, 2021-2031F |
7 Hong Kong Abrasive Cloth Market Import-Export Trade Statistics |
7.1 Hong Kong Abrasive Cloth Market Export to Major Countries |
7.2 Hong Kong Abrasive Cloth Market Imports from Major Countries |
8 Hong Kong Abrasive Cloth Market Key Performance Indicators |
8.1 Average order value per customer indicating the level of demand for abrasive cloth products. |
8.2 Customer retention rate reflecting customer satisfaction and loyalty towards abrasive cloth brands. |
8.3 Rate of new product development showcasing innovation and market responsiveness. |
8.4 Supplier performance metrics highlighting the efficiency and reliability of the supply chain for abrasive cloth materials. |
8.5 Market penetration rate in emerging sectors such as electronics or medical devices demonstrating market expansion opportunities. |
9 Hong Kong Abrasive Cloth Market - Opportunity Assessment |
9.1 Hong Kong Abrasive Cloth Market Opportunity Assessment, By Cloth Type, 2021 & 2031F |
9.2 Hong Kong Abrasive Cloth Market Opportunity Assessment, By Application, 2021 & 2031F |
9.3 Hong Kong Abrasive Cloth Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Hong Kong Abrasive Cloth Market - Competitive Landscape |
10.1 Hong Kong Abrasive Cloth Market Revenue Share, By Companies, 2024 |
10.2 Hong Kong Abrasive Cloth Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |