Hong Kong SAR, China - Cards Incorporating An Electronic Integrated Circuit (Smart Card) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSmart Card Price in Hong Kong SAR - 2023
Contents:
- Smart Card Price in Hong Kong SAR (FOB) - 2023
- Smart Card Price in Hong Kong SAR (CIF) - 2023
- Smart Card Exports in Hong Kong SAR
- Smart Card Imports in Hong Kong SAR
Smart Card Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average smart card export price amounted to $66.2 per thousand units, rising by 4% against the previous month. Over the period from September 2022 to September 2023, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 26% against the previous month. Over the period under review, the average export prices hit record highs at $71.3 per thousand units in April 2023; however, from May 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was the United States ($155 per thousand units), while the average price for exports to Vietnam ($39.0 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.5%), while the prices for the other major destinations experienced more modest paces of growth.
Smart Card Price in Hong Kong SAR (CIF) - 2023
The average smart card import price stood at $120 per thousand units in September 2023, falling by -7.8% against the previous month. Over the period under review, the import price, however, saw a buoyant increase. The most prominent rate of growth was recorded in June 2023 when the average import price increased by 91% against the previous month. As a result, import price reached the peak level of $0.2 per unit. From July 2023 to September 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($142 per thousand units), while the price for Malaysia ($65.0 per thousand units) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+6.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Smart Card Exports in Hong Kong SAR
In 2022, approx. 6.5B units of cards incorporating an electronic integrated circuit (smart card) were exported from Hong Kong SAR; increasing by 2.7% against 2021. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +13.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.0% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, smart card exports stood at $400M in 2022. The total export value increased at an average annual rate of +7.5% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 when exports increased by 16%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.
| Export of Smart Card in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 92.2 | 126 | 107 | 103 | 3.8% |
| Vietnam | 34.7 | 41.2 | 52.6 | 48.0 | 11.4% |
| Bangladesh | 25.7 | 28.9 | 37.2 | 45.8 | 21.2% |
| India | 12.2 | 15.6 | 18.9 | 23.4 | 24.2% |
| United States | 22.1 | 21.5 | 23.6 | 22.9 | 1.2% |
| Indonesia | 12.9 | 11.7 | 18.9 | 17.0 | 9.6% |
| Turkey | 6.8 | 6.6 | 11.4 | 12.1 | 21.2% |
| Sri Lanka | 7.9 | 6.8 | 9.6 | 10.5 | 9.9% |
| Pakistan | 3.0 | 4.4 | 8.2 | 9.5 | 46.8% |
| Cambodia | 4.2 | 4.7 | 7.5 | 6.0 | 12.6% |
| Spain | 6.5 | 7.5 | 5.2 | 5.9 | -3.2% |
| Italy | 1.8 | 4.2 | 6.9 | 5.6 | 46.0% |
| Thailand | 9.6 | 5.4 | 5.8 | 4.3 | -23.5% |
| Others | 83.2 | 90.3 | 76.0 | 86.8 | 1.4% |
| Total | 323 | 375 | 388 | 400 | 7.4% |
Top Export Markets for Smart Card from Hong Kong SAR in 2022:
- China (1500.8M units)
- Vietnam (1155.2M units)
- Bangladesh (1057.4M units)
- United States (387.3M units)
- India (312.5M units)
- Indonesia (305.7M units)
- Sri Lanka (214.4M units)
- Pakistan (204.3M units)
- Turkey (183.8M units)
- Cambodia (125.7M units)
- Italy (103.5M units)
- Spain (103.2M units)
- Thailand (101.9M units)
Smart Card Imports in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of cards incorporating an electronic integrated circuit (smart card), when their volume decreased by -37.4% to 2.2B units. In general, imports recorded a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by 25%. As a result, imports attained the peak of 3.5B units, and then declined significantly in the following year.
In value terms, smart card imports contracted sharply to $195M in 2022. Over the period under review, imports recorded a abrupt decrease. The smallest decline of -3.2% was in 2020. Imports peaked at $274M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Smart Card in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 191 | 186 | 178 | 126 | -12.9% |
| Malaysia | 2.1 | 8.6 | 4.0 | 19.6 | 110.5% |
| United States | 6.0 | 6.5 | 5.7 | 6.9 | 4.8% |
| Others | 74.4 | 63.9 | 56.2 | 42.9 | -16.8% |
| Total | 274 | 265 | 244 | 195 | -10.7% |
Top Suppliers of Smart Card to Hong Kong SAR in 2022:
- China (1777.2M units)
- Malaysia (181.7M units)
- United States (66.5M units)
This report provides an in-depth analysis of the smart card market 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 26123000 - Smart cards
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
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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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During the review period, exports of Smart Cards peaked at 613M units in September 2022. However, from October 2022 to August 2023, exports remained at a lower figure. In terms of value, Smart Card exports amounted to $31M in August 2023.
1017
In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
765
In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
1033
With a huge surge in exports in 2014, China continued its dominance in the global cards incorporating an electronic integrated circuit trade. In 2014, China exported X thousand tons of cards incorporating an electronic integrated circuit totaling X
138
Discover the top import markets for magnetic media, including Thailand, China, and the Philippines. Explore key statistics and numbers for these markets.
227
During the review period, exports of Smart Cards peaked at 613M units in September 2022. However, from October 2022 to August 2023, exports remained at a lower figure. In terms of value, Smart Card exports amounted to $31M in August 2023.
1017
In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
765
In 2016, the global smart card imports amounted to X tons, coming up by X% against the previous year figure. In general, smart card imports continue to indicate a abrupt slump. The most prominent...
1033
With a huge surge in exports in 2014, China continued its dominance in the global cards incorporating an electronic integrated circuit trade. In 2014, China exported X thousand tons of cards incorporating an electronic integrated circuit totaling X
138
Discover the top import markets for magnetic media, including Thailand, China, and the Philippines. Explore key statistics and numbers for these markets.
