Report Update: May 1, 2024

Hong Kong SAR, China - Machine Tools For Working Metal - Market Analysis, Forecast, Size, Trends and Insights

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Price for Machine-Tool for Working Metal in Hong Kong SAR - 2023

Price for Machine-Tool for Working Metal in Hong Kong SAR (FOB) - 2022

In 2022, the average machine-tool for working metal export price amounted to $28,835 per unit, declining by -46% against the previous year. In general, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 14% against the previous year. As a result, the export price attained the peak level of $71,441 per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($31,987 per unit), while the average price for exports to the United States totaled $3,541 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+13.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Machine-Tool for Working Metal in Hong Kong SAR (CIF) - 2023

The average machine-tool for working metal import price stood at $13,758 per unit in June 2023, growing by 62% against the previous month. Overall, the import price continues to indicate a moderate expansion. The pace of growth was the most pronounced in December 2022 when the average import price increased by 459% against the previous month. Over the period under review, average import prices hit record highs at $28,561 per unit in February 2023; afterwards, it flattened through to June 2023.

There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($14,217 per unit), while the price for Japan totaled $4,136 per unit.

From September 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+4.3%).

Exports of Machine-Tool for Working Metal in Hong Kong SAR

In 2022, approx. 236 units of machine tools for working metal were exported from Hong Kong SAR; which is down by -83.3% compared with 2021. In general, exports faced a dramatic setback. The pace of growth appeared the most rapid in 2021 with an increase of 68% against the previous year. As a result, the exports reached the peak of 1.4K units, and then declined remarkably in the following year.

In value terms, machine-tool for working metal exports shrank notably to $6.8M in 2022. Overall, exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports attained the peak of $76M, and then shrank remarkably in the following year.

Export of Machine-Tool for Working Metal in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	33.8	31.2	55.7	6.4	-42.6%
United States	0.4	0.2	N/A	0.1	-37.0%
Vietnam	4.0	0.9	0.6	N/A	-61.3%
Malaysia	9.5	3.3	5.8	N/A	-21.9%
Philippines	4.5	1.8	1.7	N/A	-38.5%
Taiwan (Chinese)	6.7	11.4	4.2	N/A	-20.8%
Others	9.7	6.9	7.5	0.3	-68.6%
Total	68.5	55.7	75.6	6.8	-53.7%

Top Export Markets for Machine-Tool for Working Metal from Hong Kong SAR in 2022:

China (200.0 units)
United States (30.0 units)
Philippines (1.0 units)

Imports of Machine-Tool for Working Metal in Hong Kong SAR

In 2022, the amount of machine tools for working metal imported into Hong Kong SAR fell remarkably to 457 units, shrinking by -61.8% against 2021 figures. In general, imports showed a significant contraction. The pace of growth was the most pronounced in 2021 when imports increased by 15%. Imports peaked at 1.4K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, machine-tool for working metal imports plummeted to $4.7M in 2022. Overall, imports showed a dramatic decrease. The growth pace was the most rapid in 2021 with an increase of 66% against the previous year. As a result, imports attained the peak of $30M, and then contracted rapidly in the following year.

Import of Machine-Tool for Working Metal in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	9.4	8.9	11.1	3.9	-25.4%
United States	0.8	0.2	0.2	0.2	-37.0%
Japan	3.5	6.6	15.1	N/A	107.7%
Taiwan (Chinese)	1.2	1.2	1.5	N/A	11.8%
Others	1.5	1.1	2.0	0.6	-26.3%
Total	16.5	18.0	29.9	4.7	-34.2%

Top Suppliers of Machine-Tool for Working Metal to Hong Kong SAR in 2022:

China (439.0 units)
United States (11.0 units)
Japan (1.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for machine-tool for working metal 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 28413120 - Numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
Prodcom 28413140 - Numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
Prodcom 28413160 - Non-numerically controlled bending, folding, straightening or flattening machines for working flat metal products (including presses)
Prodcom 28413180 - Non-numerically controlled bending, folding, straightening or flattening machines for working metal (including presses) (excluding those for working flat metal products)
Prodcom 28413220 - Numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
Prodcom 28413240 - Numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
Prodcom 28413260 - Non-numerically controlled shearing machines for working metal (including presses) (excluding combined punching and shearing machines)
Prodcom 28413280 - Non-numerically controlled punching or notching machines for working metal (including presses, combined punching and shearing machines)
Prodcom 28413310 - Numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
Prodcom 28413320 - Non-numerically controlled forging or die-stamping machines and hammers for working metal (including presses)
Prodcom 28413330 -
Prodcom 28413340 -
Prodcom 28413370 -
Prodcom 28413380 -

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