Hong Kong Abrasive Cloth Market (2025-2031) | Segmentation, Share, Industry, Trends, Forecast, Size, Value, Analysis, Growth, Outlook, Companies & Revenue

Market Forecast By Cloth Type (Cotton Abrasive Cloth, Polyester Abrasive Cloth, Other Abrasive Cloth), By Application (Woodworking, Metalworking, Paint/surface Preparation), By End Use (Glass, Transportation, Furniture, Leather, General Manufacturing & Fabrication) And Competitive Landscape
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

Hong Kong Abrasive Cloth Market Top 5 Importing Countries and Market Competition (HHI) Analysis

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.

Hong Kong Abrasive Cloth Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Hong Kong Abrasive Cloth Market Outlook
  • Market Size of Hong Kong Abrasive Cloth Market, 2024
  • Forecast of Hong Kong Abrasive Cloth Market, 2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Revenues & Volume for the Period 2021-2031
  • Hong Kong Abrasive Cloth Market Trend Evolution
  • Hong Kong Abrasive Cloth Market Drivers and Challenges
  • Hong Kong Abrasive Cloth Price Trends
  • Hong Kong Abrasive Cloth Porter`s Five Forces
  • Hong Kong Abrasive Cloth Industry Life Cycle
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By Cloth Type for the Period 2021-2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By Cotton Abrasive Cloth for the Period 2021-2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By Polyester Abrasive Cloth for the Period 2021-2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By Other Abrasive Cloth for the Period 2021-2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By Application for the Period 2021-2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By Woodworking for the Period 2021-2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By Metalworking for the Period 2021-2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By Paint/surface Preparation for the Period 2021-2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By End Use for the Period 2021-2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By Glass for the Period 2021-2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By Transportation for the Period 2021-2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By Furniture for the Period 2021-2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By Leather for the Period 2021-2031
  • Historical Data and Forecast of Hong Kong Abrasive Cloth Market Revenues & Volume By General Manufacturing & Fabrication for the Period 2021-2031
  • Hong Kong Abrasive Cloth Import Export Trade Statistics
  • Market Opportunity Assessment By Cloth Type
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By End Use
  • Hong Kong Abrasive Cloth Top Companies Market Share
  • Hong Kong Abrasive Cloth Competitive Benchmarking By Technical and Operational Parameters
  • Hong Kong Abrasive Cloth Company Profiles
  • Hong Kong Abrasive Cloth Key Strategic Recommendations

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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

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