Hong Kong SAR, China - Passenger Cars - Market Analysis, Forecast, Size, Trends And Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingPassenger Car Price in Hong Kong SAR - 2023
Contents:
- Passenger Car Price in Hong Kong SAR (CIF) - 2023
- Passenger Car Price in Hong Kong SAR (FOB) - 2022
- Passenger Car Imports in Hong Kong SAR
- Passenger Car Exports in Hong Kong SAR
Passenger Car Price in Hong Kong SAR (CIF) - 2023
The average passenger car import price stood at $38,340 per unit in August 2023, with a decrease of -11.6% against the previous month. Overall, the import price recorded a slight decline. The pace of growth appeared the most rapid in March 2023 an increase of 17% month-to-month. The import price peaked at $44,977 per unit in August 2022; afterwards, it flattened through to August 2023.
There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was the United States ($67,402 per unit), while the price for Japan ($20,306 per unit) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Passenger Car Price in Hong Kong SAR (FOB) - 2022
The average passenger car export price stood at $52,926 per unit in 2021, with an increase of 20% against the previous year. Overall, the export price posted a buoyant increase. The growth pace was the most rapid in 2016 an increase of 126% against the previous year. As a result, the export price reached the peak level of $81,471 per unit. From 2017 to 2021, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($249,963 per unit), while the average price for exports to the United Arab Emirates ($2,198 per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+32.4%), while the prices for the other major destinations experienced more modest paces of growth.
Passenger Car Imports in Hong Kong SAR
In 2022, the amount of passenger cars imported into Hong Kong SAR declined to 47K units, with a decrease of -5.9% on the previous year. Overall, imports continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2021 when imports increased by 9%. Imports peaked at 53K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, passenger car imports rose markedly to $1.9B in 2022. Over the period under review, imports recorded a mild downturn. The pace of growth appeared the most rapid in 2021 with an increase of 21% against the previous year. Over the period under review, imports reached the peak figure at $2B in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Passenger Car in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Japan | 601 | 413 | 405 | -17.9% | |
| China | 90.9 | 78.7 | 362 | 99.6% | |
| Germany | 345 | 303 | 313 | -4.8% | |
| United Kingdom | 201 | 116 | 122 | -22.1% | |
| Slovenia | 138 | 66.7 | 116 | -8.3% | |
| United States | 145 | 204 | 57.3 | -37.1% | |
| South Korea | 47.3 | 42.4 | 43.9 | -3.7% | |
| Spain | 49.2 | 9.9 | 40.8 | -8.9% | |
| Mexico | 4.5 | 18.2 | 39.8 | 197.4% | |
| Macao SAR | 36.1 | 12.1 | 15.1 | -35.3% | |
| Others | 314 | 187 | 242 | -12.2% | |
| Total | 1,971 | 1,451 | 1,759 | -5.5% | |
Top Suppliers of Passenger Car to Hong Kong SAR in 2022:
- Japan (21.1K units)
- China (9.8K units)
- Germany (6.2K units)
- Slovenia (2.4K units)
- South Korea (1.8K units)
- Mexico (1.3K units)
- United Kingdom (1.3K units)
- Spain (1.2K units)
- United States (1.1K units)
- Macao SAR (0.5K units)
Passenger Car Exports in Hong Kong SAR
Passenger car exports from Hong Kong SAR dropped markedly to 8K units in 2022, reducing by -22.9% compared with 2021. Overall, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, the exports attained the maximum at 11K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, passenger car exports contracted to $490M in 2022. In general, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. Over the period under review, the exports attained the maximum at $553M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Passenger Car in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Macao SAR | 249 | 199 | 189 | -12.9% | |
| China | 180 | 98.7 | 151 | -8.4% | |
| Netherlands | 0.8 | 3.3 | 69.4 | 831.4% | |
| United Arab Emirates | N/A | N/A | 8.8 | 0% | |
| South Africa | N/A | 0.3 | 1.3 | 333.3% | |
| Nigeria | 1.0 | 0.7 | 0.4 | -36.8% | |
| Others | 122 | 85.0 | 131 | 3.6% | |
| Total | 553 | 387 | 550 | -0.3% | |
Top Export Markets for Passenger Car from Hong Kong SAR in 2022:
- Macao SAR (4.8K units)
- United Arab Emirates (4.0K units)
- Netherlands (3.7K units)
- China (1.6K units)
- South Africa (0.3K units)
- Nigeria (0.2K units)
This report provides an in-depth analysis of the passenger car 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 29102100 - Vehicles with spark-ignition engine of a cylinder capacity. 1 .500 cm., new
- Prodcom 29102230 - Motor vehicles with a petrol engine > 1 .500 cm. (including motor caravans of a capacity > 3 .000 cm.) (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102250 - Motor caravans with a spark-ignition internal combustion reciprocating piston engine of a cylinder capacity > 1 .500 cm. but . 3 .000 cm.
- Prodcom 29102310 - Motor vehicles with a diesel or semi-diesel engine . 1 .500 cm. (excluding vehicles for transporting . .10 persons, s nowmobiles, golf cars and similar vehicles)
- Prodcom 29102330 - Motor vehicles with a diesel or semi-diesel engine > 1 .500 cm. but . 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102340 - Motor vehicles with a diesel or semi-diesel engine > 2 .500 cm. (excluding vehicles for transporting . .10 persons, motor caravans, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102353 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 1 .500 cm. but . 2 .500 cm.
- Prodcom 29102355 - Motor caravans with a compression-ignition internal combustion piston engine (diesel or semi-diesel) of a cylinder capacity > 2 .500 cm.
- Prodcom 29102400 - Other motor vehicles for the transport of persons (excluding vehicles for transporting . .10 persons, snowmobiles, golf cars and similar vehicles)
- Prodcom 29102410 -
- Prodcom 29102430 -
- Prodcom 29102450 -
- Prodcom 29102490 -
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
-
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
-
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
-
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
-
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
-
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
293
This report provides an in-depth analysis of the passenger car market in Hong Kong SAR, China.
341
This report provides an in-depth analysis of the snow motor vehicle market in Hong Kong SAR, China.
659
This report provides an in-depth analysis of the global passenger car market.
480
This report provides an in-depth analysis of the global snow motor vehicle market.
293
This report provides an in-depth analysis of the passenger car market in Hong Kong SAR, China.
341
This report provides an in-depth analysis of the snow motor vehicle market in Hong Kong SAR, China.
659
This report provides an in-depth analysis of the global passenger car market.
480
This report provides an in-depth analysis of the global snow motor vehicle market.
278
The price of Passenger Car in June 2023 was $38,984 per unit (CIF, Hong Kong), showing a decrease of 5.1% compared to the previous month.
321
Explore the top import markets for passenger cars, their key statistics, and the significant players in these markets. Find out the import values of countries like the United States, Germany, China, and more. Gain insights into the global automotive industry with IndexBox market intelligence.
278
The price of Passenger Car in June 2023 was $38,984 per unit (CIF, Hong Kong), showing a decrease of 5.1% compared to the previous month.
812
In 2016, the global passenger car imports stood at X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period fr...
771
In 2016, the global passenger car imports stood at X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period fr...
321
Explore the top import markets for passenger cars, their key statistics, and the significant players in these markets. Find out the import values of countries like the United States, Germany, China, and more. Gain insights into the global automotive industry with IndexBox market intelligence.
