Hong Kong SAR, China - Equipment For Internal Combustion Engines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Internal Combustion Engine Equipment in Hong Kong SAR - 2023
Contents:
- Price for Internal Combustion Engine Equipment in Hong Kong SAR (CIF) - 2022
- Price for Internal Combustion Engine Equipment in Hong Kong SAR (FOB) - 2022
- Imports of Internal Combustion Engine Equipment in Hong Kong SAR
- Exports of Internal Combustion Engine Equipment in Hong Kong SAR
Price for Internal Combustion Engine Equipment in Hong Kong SAR (CIF) - 2022
The average internal combustion engine equipment import price stood at $114 per unit in 2022, picking up by 31% against the previous year. In general, the import price saw significant growth. The most prominent rate of growth was recorded in 2013 an increase of 377%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($542 per unit), while the price for China ($49 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) (+125.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Internal Combustion Engine Equipment in Hong Kong SAR (FOB) - 2022
The average internal combustion engine equipment export price stood at $15 per unit in 2022, falling by -30% against the previous year. In general, the export price, however, recorded a remarkable increase. The pace of growth was the most pronounced in 2020 an increase of 56% against the previous year. Over the period under review, the average export prices hit record highs at $22 per unit in 2021, and then fell remarkably in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($32 per unit), while the average price for exports to the United States ($11 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 the United States (+5.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Internal Combustion Engine Equipment in Hong Kong SAR
In 2022, imports of equipment for internal combustion engines into Hong Kong SAR contracted dramatically to 2.6K units, falling by -84% compared with the previous year. In general, imports faced a sharp reduction. The smallest decline of -17.3% was in 2021. Imports peaked at 71K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, internal combustion engine equipment imports declined remarkably to $298K in 2022. Over the period under review, imports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 82% against the previous year. Imports peaked at $1.8M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Internal Combustion Engine Equipment in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 826 | 283 | 191 | 98.0 | -50.9% |
| China | 707 | 311 | 439 | 68.2 | -54.1% |
| Germany | 3.2 | 54.8 | 19.0 | 63.4 | 170.6% |
| Japan | 133 | 90.2 | 85.1 | 40.1 | -32.9% |
| Malaysia | 1.1 | 2.2 | 3.6 | 11.1 | 116.1% |
| Others | 153 | 37.4 | 679 | 17.0 | -51.9% |
| Total | 1,823 | 779 | 1,417 | 298 | -45.3% |
Top Suppliers of Internal Combustion Engine Equipment to Hong Kong SAR in 2022:
- China (1381.0 units)
- Japan (606.0 units)
- Germany (331.0 units)
- United States (181.0 units)
- Malaysia (94.0 units)
Exports of Internal Combustion Engine Equipment in Hong Kong SAR
In 2022, the amount of equipment for internal combustion engines exported from Hong Kong SAR shrank significantly to 48K units, reducing by -25.2% compared with the previous year. Over the period under review, exports saw a dramatic decrease. The pace of growth was the most pronounced in 2021 when exports increased by 46%. Over the period under review, the exports hit record highs at 157K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, internal combustion engine equipment exports shrank dramatically to $737K in 2022. In general, exports recorded a sharp decrease. The growth pace was the most rapid in 2021 when exports increased by 46% against the previous year. The exports peaked at $2.2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Internal Combustion Engine Equipment in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 734 | 64.3 | 377 | 307 | -25.2% |
| China | 959 | 171 | 121 | 130 | -48.6% |
| Japan | 383 | 651 | 763 | 118 | -32.5% |
| Singapore | 41.9 | 39.4 | 137 | 94.0 | 30.9% |
| Malaysia | 5.5 | N/A | N/A | 60.3 | 122.2% |
| Others | 88.2 | 39.1 | 11.2 | 28.8 | -31.1% |
| Total | 2,212 | 965 | 1,409 | 737 | -30.7% |
Top Export Markets for Internal Combustion Engine Equipment from Hong Kong SAR in 2022:
- United States (28.5K units)
- China (8.6K units)
- Singapore (4.9K units)
- Japan (3.7K units)
- Malaysia (2.3K units)
This report provides an in-depth analysis of the market for internal combustion engine equipment 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 29312270 - Equipment, n.e.c., for internal combustion engines
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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