Hong Kong SAR, China - Electrical Lighting Or Visual Signaling Equipment For Motor Vehicles And Cycles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Lighting Equipment for Motor Vehicles in Hong Kong SAR - 2023
Contents:
- Price for Lighting Equipment for Motor Vehicles in Hong Kong SAR (FOB) - 2023
- Price for Lighting Equipment for Motor Vehicles in Hong Kong SAR (CIF) - 2022
- Exports of Lighting Equipment for Motor Vehicles in Hong Kong SAR
- Imports of Lighting Equipment for Motor Vehicles in Hong Kong SAR
Price for Lighting Equipment for Motor Vehicles in Hong Kong SAR (FOB) - 2023
The average export price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $8.7 per unit in September 2023, waning by -8.4% against the previous month. Overall, export price indicated a noticeable increase from September 2022 to September 2023: its price increased at an average monthly rate of +3.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, lighting equipment for motor vehicles export price increased by +13.1% against July 2023 indices. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 69% month-to-month. Over the period under review, the average export prices attained the maximum at $9.8 per unit in June 2023; however, from July 2023 to September 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Australia ($67.1 per unit), while the average price for exports to Canada ($2.0 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Lighting Equipment for Motor Vehicles in Hong Kong SAR (CIF) - 2022
The average import price for electrical lighting or visual signaling equipment for motor vehicles and cycles stood at $8 per unit in 2022, shrinking by -2.3% against the previous year. Overall, the import price, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 69% against the previous year. The import price peaked at $11 per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($19 per unit), while the price for China amounted to $5 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.3%).
Exports of Lighting Equipment for Motor Vehicles in Hong Kong SAR
In 2022, the amount of electrical lighting or visual signaling equipment for motor vehicles and cycles exported from Hong Kong SAR soared to 16M units, jumping by 20% compared with the previous year. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +9.9% 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 +66.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 38%. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, lighting equipment for motor vehicles exports expanded significantly to $86M in 2022. The total export value increased at an average annual rate of +10.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of Lighting Equipment for Motor Vehicles in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 29.3 | 17.0 | 24.8 | 35.7 | 6.8% |
| China | 7.2 | 16.9 | 12.7 | 19.7 | 39.9% |
| Germany | 5.8 | 8.2 | 11.3 | 11.1 | 24.2% |
| France | 1.2 | 1.4 | 1.6 | 2.1 | 20.5% |
| Mexico | 0.2 | 0.2 | 0.4 | 1.5 | 95.7% |
| Netherlands | 1.0 | 0.8 | 2.1 | 1.2 | 6.3% |
| Poland | 0.5 | 0.6 | 0.7 | 1.0 | 26.0% |
| United Kingdom | 3.9 | 2.8 | 3.2 | 1.0 | -36.5% |
| Canada | 1.6 | 0.8 | 1.1 | 0.8 | -20.6% |
| Japan | 2.1 | 2.5 | 3.5 | 0.8 | -27.5% |
| Others | 11.6 | 8.3 | 14.1 | 10.8 | -2.4% |
| Total | 64.3 | 59.6 | 75.5 | 85.5 | 10.0% |
Top Export Markets for Lighting Equipment for Motor Vehicles from Hong Kong SAR in 2022:
- United States (9.3M units)
- China (1.7M units)
- Germany (1.0M units)
- Mexico (0.6M units)
- Netherlands (0.4M units)
- France (0.4M units)
- Canada (0.3M units)
- Poland (0.3M units)
- Japan (0.3M units)
- United Kingdom (0.3M units)
Imports of Lighting Equipment for Motor Vehicles in Hong Kong SAR
In 2022, lighting equipment for motor vehicles imports into Hong Kong SAR rose remarkably to 9.3M units, with an increase of 7.7% against 2021. Over the period under review, imports showed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 87% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, lighting equipment for motor vehicles imports expanded remarkably to $75M in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 38%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of Lighting Equipment for Motor Vehicles in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.1 | 19.4 | 33.5 | 42.2 | 18.9% |
| Taiwan (Chinese) | 6.9 | 7.1 | 9.4 | 9.1 | 9.7% |
| Others | 27.0 | 24.9 | 28.1 | 23.4 | -4.7% |
| Total | 59.0 | 51.4 | 71.1 | 74.7 | 8.2% |
Top Suppliers of Lighting Equipment for Motor Vehicles to Hong Kong SAR in 2022:
- China (8.5M units)
- Taiwan (Chinese) (0.5M units)
This report provides an in-depth analysis of the market for lighting equipment for motor vehicles 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 27403910 - Electrical lighting or visual signalling equipment for motor vehicles (excluding electric filament or discharge lamps, s ealed beam lamp units, ultraviolet, infrared and arc lamps)
- Prodcom 29312310 - Electrical or battery operated lighting or visual signalling of a kind used on bicycles
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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During the review period, Bicycle Lighting exports peaked at 234K units in January 2023 before stabilizing until November 2023. In terms of value, Bicycle Lighting exports surged to $1.5M in November 2023.
154
The exports of Bicycle Lighting reached their highest point in January 2023, with a total of 234K units. From that point onwards, it remained steady until October 2023. In terms of value, the exports of Bicycle Lighting slightly increased to $1.2M in October 2023.
240
The exports of Bicycle Lighting reached their highest point at 252K units in September 2022. However, from October 2022 to June 2023, the exports consistently stayed at a lower figure. In terms of value, the export of Bicycle Lighting significantly declined to $1.2M in June 2023.
864
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
856
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
108
During the review period, Bicycle Lighting exports peaked at 234K units in January 2023 before stabilizing until November 2023. In terms of value, Bicycle Lighting exports surged to $1.5M in November 2023.
154
The exports of Bicycle Lighting reached their highest point in January 2023, with a total of 234K units. From that point onwards, it remained steady until October 2023. In terms of value, the exports of Bicycle Lighting slightly increased to $1.2M in October 2023.
240
The exports of Bicycle Lighting reached their highest point at 252K units in September 2022. However, from October 2022 to June 2023, the exports consistently stayed at a lower figure. In terms of value, the export of Bicycle Lighting significantly declined to $1.2M in June 2023.
864
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
856
Global lighting equipment imports stood at X tons in 2016, descending by -X% against the previous year level. The total import volume increased at an average annual rate of +X% over the perio...
