Hong Kong SAR, China - Electric Soldering Irons And Guns - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Soldering Iron Price in Hong Kong SAR - 2023
Contents:
- Electric Soldering Iron Price in Hong Kong SAR (FOB) - 2023
- Electric Soldering Iron Price in Hong Kong SAR (CIF) - 2022
- Electric Soldering Iron Exports in Hong Kong SAR
- Electric Soldering Iron Imports in Hong Kong SAR
Electric Soldering Iron Price in Hong Kong SAR (FOB) - 2023
The average electric soldering iron export price stood at $26.1 per unit in May 2023, picking up by 84% against the previous month. Overall, the export price showed a remarkable increase. The pace of growth was the most pronounced in February 2023 when the average export price increased by 101% month-to-month. Over the period under review, the average export prices attained the maximum in May 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($48.3 per unit), while the average price for exports to Sweden ($4.2 per unit) was amongst the lowest.
From June 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.
Electric Soldering Iron Price in Hong Kong SAR (CIF) - 2022
The average electric soldering iron import price stood at $5.4 per unit in 2022, rising by 34% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, electric soldering iron import price increased by +25.8% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 37%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($49 per unit), while the price for China ($2.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Electric Soldering Iron Exports in Hong Kong SAR
In 2022, approx. 488K units of electric soldering irons and guns were exported from Hong Kong SAR; shrinking by -60.2% against 2021 figures. Over the period under review, exports showed a precipitous slump. The pace of growth was the most pronounced in 2021 when exports increased by 89%. As a result, the exports attained the peak of 1.2M units, and then dropped significantly in the following year.
In value terms, electric soldering iron exports shrank significantly to $5.4M in 2022. Overall, exports faced a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 76%. As a result, the exports attained the peak of $10M, and then fell rapidly in the following year.
| Export of Electric Soldering Iron in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,357 | 2,308 | 3,023 | 2,285 | -1.0% |
| Germany | 840 | 917 | 1,587 | 766 | -3.0% |
| United States | 2,984 | 496 | 2,106 | 431 | -47.5% |
| Australia | 98.0 | 449 | 1,015 | 334 | 50.5% |
| Netherlands | 190 | 105 | 298 | 304 | 17.0% |
| Sweden | 282 | 386 | 422 | 285 | 0.4% |
| United Kingdom | 220 | 118 | 165 | 127 | -16.7% |
| Belgium | 32.8 | 10.3 | 21.1 | 106 | 47.8% |
| Others | 976 | 949 | 1,452 | 749 | -8.4% |
| Total | 7,980 | 5,739 | 10,089 | 5,387 | -12.3% |
Top Export Markets for Electric Soldering Iron from Hong Kong SAR in 2022:
- Germany (101.6K units)
- United States (93.7K units)
- China (55.3K units)
- Netherlands (46.2K units)
- Sweden (37.0K units)
- Australia (36.8K units)
- Belgium (31.4K units)
- United Kingdom (17.3K units)
Electric Soldering Iron Imports in Hong Kong SAR
In 2022, approx. 944K units of electric soldering irons and guns were imported into Hong Kong SAR; waning by -59.6% compared with the year before. In general, imports recorded a sharp reduction. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. Imports peaked at 2.5M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, electric soldering iron imports reduced dramatically to $5.1M in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. As a result, imports attained the peak of $9.4M, and then fell remarkably in the following year.
| Import of Electric Soldering Iron in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.8 | 3.6 | 6.2 | 2.5 | -24.5% |
| Japan | 2.1 | 1.9 | 2.4 | 2.1 | 0.0% |
| Taiwan (Chinese) | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.5 | 0.5 | 0.7 | 0.5 | 0.0% |
| Total | 8.4 | 6.0 | 9.4 | 5.1 | -15.3% |
Top Suppliers of Electric Soldering Iron to Hong Kong SAR in 2022:
- China (873.7K units)
- Japan (41.8K units)
- Taiwan (Chinese) (14.3K units)
This report provides an in-depth analysis of the electric soldering iron 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 27903109 - Electric soldering irons and guns
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
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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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In January 2023, the price of electric soldering iron decreased to $9.0 per unit (FOB, Hong Kong, China), a 61.2% decline compared to the previous month.
307
In January 2023, the price of electric soldering iron decreased to $9.0 per unit (FOB, Hong Kong, China), a 61.2% decline compared to the previous month.
