Report Update: May 1, 2024

Hong Kong SAR, China - Machinery For Preparing Animal Feedstuffs - Market Analysis, Forecast, Size, Trends And Insights

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Feedstuff Preparing Machinery Price in Hong Kong SAR - 2023

Feedstuff Preparing Machinery Price in Hong Kong SAR (CIF) - 2022

The average feedstuff preparing machinery import price stood at $12,664 per unit in 2022, shrinking by -7.9% against the previous year. Overall, the import price continues to indicate a mild reduction. The pace of growth was the most pronounced in 2016 an increase of 15% against the previous year. The import price peaked at $14,938 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Slovakia amounted to +38.0% per year.

Feedstuff Preparing Machinery Price in Hong Kong SAR (FOB) - 2022

In 2022, the average feedstuff preparing machinery export price amounted to $9,166 per unit, falling by -16.8% against the previous year. Overall, the export price saw a deep contraction. The pace of growth was the most pronounced in 2015 an increase of 36% against the previous year. The export price peaked at $17,322 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Colombia ($30,567 per unit), while the average price for exports to Grenada ($29 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 Colombia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Feedstuff Preparing Machinery Imports in Hong Kong SAR

In 2022, the amount of machinery for preparing animal feedstuffs imported into Hong Kong SAR dropped dramatically to 11 units, shrinking by -15.4% on the year before. In general, imports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 550%. As a result, imports reached the peak of 13 units, and then shrank markedly in the following year.

In value terms, feedstuff preparing machinery imports contracted significantly to $139K in 2022. Overall, imports, however, enjoyed a significant increase. The growth pace was the most rapid in 2021 when imports increased by 500%. As a result, imports reached the peak of $178K, and then shrank rapidly in the following year.

Import of Feedstuff Preparing Machinery in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1.5	1.6	22.2	139	352.5%
South Korea	N/A	N/A	2.4	N/A	0%
United States	1.7	1.2	6.6	N/A	97.0%
Denmark	4.0	2.4	11.4	N/A	68.8%
Italy	32.9	22.4	126	N/A	95.7%
Turkey	3.1	N/A	N/A	N/A	0%
Others	4.1	2.0	9.3	N/A	50.6%
Total	47.2	29.7	178	139	43.3%

Top Suppliers of Feedstuff Preparing Machinery to Hong Kong SAR in 2022:

China (11.0 units)

Feedstuff Preparing Machinery Exports in Hong Kong SAR

In 2022, exports of machinery for preparing animal feedstuffs from Hong Kong SAR totaled 25 units, with an increase of 4.2% against the previous year's figure. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +16.0% 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 +56.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 38%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, feedstuff preparing machinery exports shrank to $233K in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +14.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 36%. As a result, the exports attained the peak of $268K, and then contracted in the following year.

Export of Feedstuff Preparing Machinery in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Indonesia	51.0	111	154	133	37.6%
United Kingdom	63.1	38.8	47.8	54.0	-5.1%
China	7.6	15.5	20.3	16.5	29.5%
Malaysia	6.0	11.5	14.1	10.7	21.3%
Colombia	5.9	9.3	9.4	5.9	0.0%
Italy	N/A	N/A	N/A	0.2	0%
Poland	N/A	N/A	N/A	0.1	0%
Grenada	N/A	N/A	0.2	N/A	0%
Others	19.6	11.2	21.9	12.0	-15.1%
Total	153	197	268	233	15.1%

Top Export Markets for Feedstuff Preparing Machinery from Hong Kong SAR in 2022:

Indonesia (11.0 units)
United Kingdom (7.0 units)
China (2.0 units)
Italy (1.0 units)
Poland (1.0 units)
Malaysia (1.0 units)
Grenada (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the feedstuff preparing machinery 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 28308300 - Machinery for preparing animal feedstuffs

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
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023