Hong Kong SAR, China - Electromagnets And Electromagnetic Lifting Heads - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectromagnetic Lifting Head Price in Hong Kong SAR - 2023
Contents:
- Electromagnetic Lifting Head Price in Hong Kong SAR (FOB) - 2023
- Electromagnetic Lifting Head Price in Hong Kong SAR (CIF) - 2023
- Electromagnetic Lifting Head Exports in Hong Kong SAR
- Electromagnetic Lifting Head Imports in Hong Kong SAR
Electromagnetic Lifting Head Price in Hong Kong SAR (FOB) - 2023
In August 2023, the average electromagnetic lifting head export price amounted to $15,699 per ton, dropping by -38.2% against the previous month. Overall, the export price showed a slight contraction. The most prominent rate of growth was recorded in June 2023 an increase of 72% month-to-month. The export price peaked at $25,407 per ton in July 2023, and then dropped markedly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was China ($44,485 per ton), while the average price for exports to Vietnam ($9,509 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.
Electromagnetic Lifting Head Price in Hong Kong SAR (CIF) - 2023
The average electromagnetic lifting head import price stood at $20,432 per ton in August 2023, growing by 23% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average import price increased by 36% month-to-month. As a result, import price attained the peak level of $31,001 per ton. From January 2023 to August 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($55,051 per ton), while the price for India ($7,684 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Electromagnetic Lifting Head Exports in Hong Kong SAR
In 2022, electromagnetic lifting head exports from Hong Kong SAR declined notably to 3.1K tons, falling by -40.2% on the previous year's figure. Overall, exports faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 6.3%.
In value terms, electromagnetic lifting head exports shrank rapidly to $50M in 2022. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports reached the peak of $81M, and then reduced markedly in the following year.
| Export of Electromagnetic Lifting Head in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 8.7 | 10.3 | 11.1 | 12.0 | 11.3% |
| China | 18.8 | 20.6 | 17.3 | 10.9 | -16.6% |
| United States | 15.8 | 15.9 | 26.4 | 9.5 | -15.6% |
| Mexico | 4.4 | 5.0 | 6.5 | 5.8 | 9.6% |
| Japan | 16.8 | 3.9 | 1.8 | 2.8 | -45.0% |
| Hungary | N/A | 0.1 | 0.4 | 1.0 | 216.2% |
| Turkey | N/A | 0.1 | 0.3 | 0.5 | 123.6% |
| United Kingdom | 3.0 | 1.3 | 4.0 | 0.2 | -59.5% |
| Others | 11.6 | 9.9 | 12.9 | 7.1 | -15.1% |
| Total | 79.1 | 67.0 | 80.7 | 49.8 | -14.3% |
Top Export Markets for Electromagnetic Lifting Head from Hong Kong SAR in 2022:
- Vietnam (1144.7 tons)
- United States (647.0 tons)
- China (557.0 tons)
- Mexico (224.5 tons)
- Japan (176.0 tons)
- Hungary (77.8 tons)
- Turkey (49.1 tons)
- United Kingdom (11.5 tons)
Electromagnetic Lifting Head Imports in Hong Kong SAR
In 2022, approx. 1.7K tons of electromagnets and electromagnetic lifting heads were imported into Hong Kong SAR; dropping by -61.2% compared with the previous year's figure. Overall, imports recorded a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. As a result, imports attained the peak of 4.4K tons, and then shrank remarkably in the following year.
In value terms, electromagnetic lifting head imports reduced rapidly to $33M in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 22% against the previous year. As a result, imports attained the peak of $65M, and then shrank markedly in the following year.
| Import of Electromagnetic Lifting Head in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 50.7 | 41.5 | 50.9 | 16.4 | -31.4% |
| Japan | 2.9 | 2.0 | 2.9 | 4.0 | 11.3% |
| Thailand | 0.1 | 2.4 | 2.7 | 2.7 | 200.0% |
| Taiwan (Chinese) | 1.9 | 1.9 | 1.8 | 2.3 | 6.6% |
| Vietnam | 0.7 | 1.5 | 1.9 | 1.8 | 37.0% |
| United States | 1.3 | 1.1 | 1.2 | 1.4 | 2.5% |
| India | 0.1 | 0.2 | 0.3 | 0.6 | 81.7% |
| Pakistan | N/A | N/A | 0.3 | 0.1 | -66.7% |
| Others | 1.4 | 2.4 | 2.7 | 3.2 | 31.7% |
| Total | 59.1 | 53.1 | 64.7 | 32.6 | -18.0% |
Top Suppliers of Electromagnetic Lifting Head to Hong Kong SAR in 2022:
- China (951.5 tons)
- Taiwan (Chinese) (246.2 tons)
- Thailand (143.5 tons)
- Japan (87.7 tons)
- Vietnam (84.6 tons)
- India (68.3 tons)
- United States (66.6 tons)
- Pakistan (27.4 tons)
This report provides an in-depth analysis of the electromagnetic lifting head 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 27904060 - Electromagnets and electromagnetic lifting heads, and their parts (excluding magnets for medical use), electromagnetic or permanent magnet chucks, clamps and similar holding devices and their parts, n.e.c.
- Prodcom 27904560 -
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.
-
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
201
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