Hong Kong SAR, China - Domestic Electro-Thermic Appliances - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDomestic Electro-Thermic Appliances Price in Hong Kong SAR - 2023
Contents:
- Domestic Electro-Thermic Appliances Price in Hong Kong SAR (CIF) - 2022
- Domestic Electro-Thermic Appliances Price in Hong Kong SAR (FOB) - 2022
- Domestic Electro-Thermic Appliances Imports in Hong Kong SAR
- Domestic Electro-Thermic Appliances Exports in Hong Kong SAR
Domestic Electro-Thermic Appliances Price in Hong Kong SAR (CIF) - 2022
In 2022, the average domestic electro-thermic appliances import price amounted to $39 per unit, surging by 34% against the previous year. In general, the import price enjoyed a remarkable increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($262 per unit), while the price for Japan ($8.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+16.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Domestic Electro-Thermic Appliances Price in Hong Kong SAR (FOB) - 2022
The average domestic electro-thermic appliances export price stood at $36 per unit in 2022, picking up by 47% against the previous year. In general, the export price continues to indicate a resilient expansion. The growth pace was the most rapid in 2019 when the average export price increased by 53% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($108 per unit), while the average price for exports to Mexico ($7.4 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 Turkey (+25.5%), while the prices for the other major destinations experienced more modest paces of growth.
Domestic Electro-Thermic Appliances Imports in Hong Kong SAR
In 2022, the amount of domestic electro-thermic appliances imported into Hong Kong SAR dropped rapidly to 10M units, shrinking by -62.2% against the previous year. Over the period under review, imports recorded a sharp reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of 27M units, and then contracted markedly in the following year.
In value terms, domestic electro-thermic appliances imports reduced notably to $404M in 2022. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 26%. As a result, imports reached the peak of $797M, and then contracted notably in the following year.
| Import of Domestic Electro-Thermic Appliances in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 503 | 480 | 626 | 248 | -21.0% |
| Malaysia | 37.0 | 32.8 | 51.4 | 45.6 | 7.2% |
| Germany | 27.6 | 30.9 | 31.8 | 37.5 | 10.8% |
| Japan | 20.0 | 16.3 | 17.3 | 16.1 | -7.0% |
| Thailand | 9.1 | 8.7 | 9.9 | 10.5 | 4.9% |
| United Arab Emirates | 25.3 | 22.3 | 16.4 | 2.7 | -52.6% |
| Others | 47.9 | 42.9 | 44.2 | 43.4 | -3.2% |
| Total | 670 | 634 | 797 | 404 | -15.5% |
Top Suppliers of Domestic Electro-Thermic Appliances to Hong Kong SAR in 2022:
- China (7.2M units)
- Japan (1.9M units)
- Thailand (0.3M units)
- Malaysia (0.2M units)
- Germany (0.2M units)
- United Arab Emirates (0.1M units)
Domestic Electro-Thermic Appliances Exports in Hong Kong SAR
Domestic electro-thermic appliances exports from Hong Kong SAR shrank sharply to 6.5M units in 2022, which is down by -73.3% on the previous year's figure. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. As a result, the exports attained the peak of 24M units, and then fell significantly in the following year.
In value terms, domestic electro-thermic appliances exports declined markedly to $233M in 2022. In general, exports recorded a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 31% against the previous year. As a result, the exports attained the peak of $594M, and then declined remarkably in the following year.
| Export of Domestic Electro-Thermic Appliances in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 54.7 | 59.3 | 86.2 | 59.6 | 2.9% |
| United States | 148 | 131 | 161 | 58.1 | -26.8% |
| Japan | 86.6 | 76.8 | 106 | 21.5 | -37.1% |
| Macao SAR | 21.2 | 16.5 | 17.3 | 15.4 | -10.1% |
| France | 6.2 | 3.5 | 16.5 | 4.6 | -9.5% |
| Russia | 8.6 | 12.7 | 11.8 | 4.6 | -18.8% |
| Turkey | 0.5 | 0.9 | 0.5 | 3.8 | 96.6% |
| Canada | 34.5 | 27.1 | 30.1 | 3.5 | -53.4% |
| Italy | 1.7 | 3.6 | 12.2 | 2.0 | 5.6% |
| Malaysia | 2.6 | 2.4 | 2.6 | 1.7 | -13.2% |
| Mexico | 5.1 | 3.0 | 6.2 | 1.6 | -32.1% |
| Kazakhstan | N/A | 0.1 | N/A | 1.5 | 287.3% |
| United Kingdom | 23.0 | 12.5 | 2.8 | 1.3 | -61.6% |
| Others | 120 | 103 | 140 | 54.1 | -23.3% |
| Total | 512 | 452 | 594 | 233 | -23.1% |
Top Export Markets for Domestic Electro-Thermic Appliances from Hong Kong SAR in 2022:
- United States (2306.6K units)
- Japan (741.9K units)
- China (611.5K units)
- Malaysia (232.3K units)
- Mexico (212.1K units)
- France (191.3K units)
- Italy (179.5K units)
- Russia (170.0K units)
- Canada (142.7K units)
- Macao SAR (142.3K units)
- United Kingdom (132.7K units)
- Kazakhstan (115.7K units)
- Turkey (112.4K units)
This report provides an in-depth analysis of the domestic electro-thermic appliances 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 27512490 - Electro-thermic appliances, for domestic use (excluding hairdressing appliances and hand dryers, space-heating and soil-heating apparatus, water heaters, immersion heaters, s moothing irons, microwave ovens, ovens, cookers, cooking plates, boiling rings, grillers, roasters, coffee makers, tea makers and toasters)
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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