Hong Kong SAR, China - Mechanical Shovels, Excavators And Shovel Loaders - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Mechanical Shovel and Excavator in Hong Kong SAR - 2023
Contents:
- Price for Mechanical Shovel and Excavator in Hong Kong SAR (CIF) - 2023
- Price for Mechanical Shovel and Excavator in Hong Kong SAR (FOB) - 2022
- Imports of Mechanical Shovel and Excavator in Hong Kong SAR
- Exports of Mechanical Shovel and Excavator in Hong Kong SAR
Price for Mechanical Shovel and Excavator in Hong Kong SAR (CIF) - 2023
The average mechanical shovel and excavator import price stood at $39,769 per unit in June 2023, rising by 26% against the previous month. In general, import price indicated a mild increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, mechanical shovel and excavator import price increased by +25.6% against May 2023 indices. The growth pace was the most rapid in October 2022 an increase of 40% month-to-month. As a result, import price reached the peak level of $43,789 per unit; afterwards, it flattened through to June 2023.
Average prices varied somewhat amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($41,775 per unit), while the price for China totaled $31,398 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+2.6%).
Price for Mechanical Shovel and Excavator in Hong Kong SAR (FOB) - 2022
In 2022, the average mechanical shovel and excavator export price amounted to $38,415 per unit, reducing by -19.3% against the previous year. In general, export price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 when the average export price increased by 63%. As a result, the export price reached the peak level of $56,127 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($94,934 per unit), while the average price for exports to the Philippines ($8,768 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mechanical Shovel and Excavator in Hong Kong SAR
In 2022, the amount of mechanical shovels, excavators and shovel loaders imported into Hong Kong SAR fell markedly to 2.8K units, dropping by -34.5% compared with the year before. Overall, imports continue to indicate a precipitous shrinkage. The smallest decline of -23% was in 2021. Over the period under review, imports hit record highs at 8K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, mechanical shovel and excavator imports dropped sharply to $93M in 2022. Over the period under review, imports saw a significant curtailment. The smallest decline of -27.1% was in 2021. Imports peaked at $386M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Mechanical Shovel and Excavator in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 332 | 223 | 149 | 77.4 | -38.5% |
| China | 5.6 | 7.9 | 16.0 | 10.4 | 22.9% |
| Macao SAR | 1.4 | 2.0 | 0.9 | 1.5 | 2.3% |
| United States | 9.4 | 3.6 | 7.5 | 0.9 | -54.3% |
| Others | 37.8 | 19.6 | 13.2 | 2.4 | -60.1% |
| Total | 386 | 256 | 186 | 92.6 | -37.9% |
Top Suppliers of Mechanical Shovel and Excavator to Hong Kong SAR in 2022:
- Japan (2170.0 units)
- China (461.0 units)
- Macao SAR (78.0 units)
- United States (14.0 units)
Exports of Mechanical Shovel and Excavator in Hong Kong SAR
In 2022, the amount of mechanical shovels, excavators and shovel loaders exported from Hong Kong SAR reduced sharply to 634 units, waning by -61.7% compared with the year before. In general, exports continue to indicate a precipitous decline. The smallest decline of -33.2% was in 2020. Over the period under review, the exports attained the maximum at 6.5K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, mechanical shovel and excavator exports declined notably to $24M in 2022. Over the period under review, exports continue to indicate a sharp reduction. The smallest decline of -30.2% was in 2020. The exports peaked at $243M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Mechanical Shovel and Excavator in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 233 | 157 | 63.1 | 13.4 | -61.4% |
| Japan | 0.3 | N/A | 1.4 | 4.1 | 139.1% |
| United Kingdom | 0.2 | 0.5 | 7.4 | 1.2 | 81.7% |
| Macao SAR | 2.0 | 3.8 | 0.8 | 1.1 | -18.1% |
| Vietnam | 0.6 | 1.1 | 0.1 | 0.9 | 14.5% |
| Philippines | 1.6 | 0.5 | 0.5 | 0.6 | -27.9% |
| Bangladesh | 1.1 | 1.1 | 0.5 | 0.3 | -35.2% |
| Others | 3.9 | 4.8 | 5.0 | 2.7 | -11.5% |
| Total | 243 | 169 | 78.8 | 24.4 | -53.5% |
Top Export Markets for Mechanical Shovel and Excavator from Hong Kong SAR in 2022:
- China (311.0 units)
- Japan (105.0 units)
- Philippines (67.0 units)
- Vietnam (41.0 units)
- Macao SAR (25.0 units)
- Bangladesh (18.0 units)
- United Kingdom (13.0 units)
This report provides an in-depth analysis of the market for mechanical shovel and excavator 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 28922530 - Loaders specially designed for underground use
- Prodcom 28922550 - Wheeled loaders, crawler shovel loaders, front-end loaders
- Prodcom 28922600 - Self-propelled bulldozers... with a .360
- Prodcom 28922730 - Self-propelled bulldozers, excavators..., n.e.c.
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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