Hong Kong SAR, China - Turbo, Rotary and Reciporating Displacement Compressors - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Hong Kong SAR, China - Turbo, Rotary and Reciporating Displacement Compressors - Market Analysis, Forecast, Size, Trends And Insights

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Price for Turbo, Rotary and Reciporating Displacement Compressor in Hong Kong SAR - 2023

Contents:

  1. Price for Turbo, Rotary and Reciporating Displacement Compressor in Hong Kong SAR (FOB) - 2022
  2. Price for Turbo, Rotary and Reciporating Displacement Compressor in Hong Kong SAR (CIF) - 2023
  3. Exports of Turbo, Rotary and Reciporating Displacement Compressor in Hong Kong SAR
  4. Imports of Turbo, Rotary and Reciporating Displacement Compressor in Hong Kong SAR

Price for Turbo, Rotary and Reciporating Displacement Compressor in Hong Kong SAR (FOB) - 2022

The average export price for turbo, rotary and reciporating displacement compressors stood at $4.7 per unit in 2022, which is down by -8.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2015 when the average export price increased by 12% against the previous year. The export price peaked at $5.3 per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($13 per unit), while the average price for exports to the United States ($3.4 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 Vietnam (+12.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Turbo, Rotary and Reciporating Displacement Compressor in Hong Kong SAR (CIF) - 2023

In October 2023, the average import price for turbo, rotary and reciporating displacement compressors amounted to $3.4 per unit, rising by 9.2% against the previous month. Over the period under review, the import price, however, saw a deep contraction. The most prominent rate of growth was recorded in March 2023 an increase of 167% m-o-m. Over the period under review, average import prices reached the maximum at $18.1 per unit in November 2022; however, from December 2022 to October 2023, import prices failed to regain momentum.

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

From October 2022 to October 2023, the rate of growth in terms of prices for China amounted to +1.1% per month.

Exports of Turbo, Rotary and Reciporating Displacement Compressor in Hong Kong SAR

In 2022, the amount of turbo, rotary and reciporating displacement compressors exported from Hong Kong SAR surged to 15M units, with an increase of 33% against 2021. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.2% 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 +93.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of turbo, rotary and reciporating displacement compressors skyrocketed to $69M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.8% 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 +73.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the near future.

Export of Turbo, Rotary and Reciporating Displacement Compressor in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China25.520.631.751.226.2%
Vietnam2.52.13.23.410.8%
Japan9.93.45.02.6-36.0%
France0.20.36.62.5132.1%
United States1.11.81.61.22.9%
Others9.311.78.98.5-3.0%
Total48.440.057.069.412.8%

Top Export Markets for Turbo, Rotary and Reciporating Displacement Compressor from Hong Kong SAR in 2022:

  1. China (13.5M units)
  2. United States (0.3M units)
  3. Vietnam (0.3M units)
  4. France (0.2M units)
  5. Japan (0.2M units)

Imports of Turbo, Rotary and Reciporating Displacement Compressor in Hong Kong SAR

For the fourth consecutive year, Hong Kong SAR recorded growth in supplies from abroad of turbo, rotary and reciporating displacement compressors, which increased by 33% to 22M units in 2022. Over the period under review, imports saw significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 39% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, imports of turbo, rotary and reciporating displacement compressors fell remarkably to $51M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 21%. As a result, imports attained the peak of $60M, and then dropped notably in the following year.

Import of Turbo, Rotary and Reciporating Displacement Compressor in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China27.433.643.722.2-6.8%
United States1.71.91.612.594.5%
Germany4.45.82.54.61.5%
Japan5.72.22.92.6-23.0%
Taiwan (Chinese)0.20.21.42.2122.4%
PhilippinesN/AN/A0.12.12000.0%
Switzerland0.30.10.40.30.0%
Others6.25.97.74.7-8.8%
Total45.949.860.351.23.7%

Top Suppliers of Turbo, Rotary and Reciporating Displacement Compressor to Hong Kong SAR in 2022:

  1. China (5.8M units)
  2. United States (5.5M units)
  3. Philippines (3.9M units)
  4. Taiwan (Chinese) (2.3M units)
  5. Japan (1.8M units)
  6. Germany (1.4M units)
  7. Switzerland (0.8M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for turbo, rotary and reciporating displacement compressor 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 28132530 - Turbo-compressors, single stage
  • Prodcom 28132550 - Turbo-compressors, multistage
  • Prodcom 28132630 - Reciprocating displacement compressors having a gauge pressure capacity . .15 bar, giving a flow . .60 m./hour
  • Prodcom 28132650 - Reciprocating displacement compressors having a gauge pressure capacity . .15 bar, giving a flow per hour > .60 m.
  • Prodcom 28132670 - Reciprocating displacement compressors having a gauge pressure capacity > .15 bar, giving a flow per hour . .120 m.
  • Prodcom 28132690 - Reciprocating displacement compressors having a gauge pressure capacity > .15 bar, giving a flow per hour > .120 m.
  • Prodcom 28132730 - Rotary displacement compressors, single-shaft
  • Prodcom 28132753 - Multi-shaft screw compressors
  • Prodcom 28132755 - Multi-shaft compressors (excluding screw compressors)
  • Prodcom 28132800 - Air/gas compressors excluding air/vacuum pumps used in refrigeration, air compressors mounted on wheeled chassis, t urbo compressors, reciprocating and rotary displacement compressors

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. 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
  12. 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
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