Report Update: May 1, 2024

Hong Kong SAR, China - Vacuum Cleaners - Market Analysis, Forecast, Size, Trends and Insights

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Price for Vacuum Cleaner with Motor in Hong Kong SAR - 2023

Price for Vacuum Cleaner with Motor in Hong Kong SAR (FOB) - 2022

In 2022, the average vacuum cleaner with motor export price amounted to $155 per unit, surging by 28% against the previous year. In general, the export price showed a significant increase. The growth pace was the most rapid in 2013 an increase of 316% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($18 per unit) and Russia ($18 per unit), while the average price for exports to China ($18 per unit) and Turkey ($18 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Vacuum Cleaner with Motor in Hong Kong SAR (CIF) - 2023

The average vacuum cleaner with motor import price stood at $108 per unit in September 2023, declining by -34.7% against the previous month. In general, the import price recorded a noticeable decrease. The growth pace was the most rapid in April 2023 an increase of 37% against the previous month. The import price peaked at $170 per unit in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was South Korea ($426 per unit), while the price for China ($82.3 per unit) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Thailand (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Vacuum Cleaner with Motor in Hong Kong SAR

In 2022, after three years of growth, there was significant decline in shipments abroad of vacuum cleaners with motor, when their volume decreased by -60.8% to 1.3M units. In general, exports, however, enjoyed a mild expansion. The pace of growth appeared the most rapid in 2020 with an increase of 98% against the previous year. Over the period under review, the exports hit record highs at 3.4M units in 2021, and then dropped significantly in the following year.

In value terms, vacuum cleaner with motor exports shrank rapidly to $204M in 2022. Overall, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2020 when exports increased by 82% against the previous year. The exports peaked at $408M in 2021, and then dropped notably in the following year.

Export of Vacuum Cleaner with Motor in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Turkey	1.0	43.6	65.6	58.3	287.8%
United States	8.8	11.9	64.8	37.2	61.7%
China	19.4	28.5	32.2	24.1	7.5%
United Arab Emirates	N/A	N/A	N/A	20.9	0%
Japan	21.1	21.3	52.8	13.7	-13.4%
Russia	8.8	15.5	23.2	9.6	2.9%
Netherlands	7.0	16.2	14.2	7.9	4.1%
Germany	12.8	10.8	16.8	1.7	-49.0%
Others	74.5	131	138	31.1	-25.3%
Total	153	279	408	204	10.1%

Top Export Markets for Vacuum Cleaner with Motor from Hong Kong SAR in 2022:

Turkey (3.3M units)
United States (2.1M units)
China (1.4M units)
United Arab Emirates (1.2M units)
Japan (0.8M units)
Russia (0.5M units)
Netherlands (0.4M units)
Germany (0.1M units)

Imports of Vacuum Cleaner with Motor in Hong Kong SAR

In 2022, purchases abroad of vacuum cleaners with motor decreased by -64% to 913K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of 33%. Over the period under review, imports reached the maximum at 2.5M units in 2021, and then shrank significantly in the following year.

In value terms, vacuum cleaner with motor imports contracted notably to $123M in 2022. Over the period under review, imports recorded a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 31%. As a result, imports attained the peak of $234M, and then plummeted in the following year.

Import of Vacuum Cleaner with Motor in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	92.0	101	173	66.0	-10.5%
Malaysia	21.8	24.8	32.9	33.9	15.9%
Germany	1.9	3.5	4.0	4.6	34.3%
Thailand	0.6	0.5	1.6	3.4	78.3%
United States	32.3	21.9	6.8	2.9	-55.2%
Singapore	1.0	2.9	2.1	2.3	32.0%
Japan	2.1	11.5	3.0	2.3	3.1%
Others	13.5	12.3	10.6	7.1	-19.3%
Total	165	179	234	123	-9.3%

Top Suppliers of Vacuum Cleaner with Motor to Hong Kong SAR in 2022:

China (3358.6K units)
Malaysia (1714.8K units)
Germany (239.4K units)
Thailand (174.2K units)
United States (146.2K units)
Japan (117.6K units)
Singapore (115.8K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for vacuum cleaner with motor 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 27512123 - Vacuum cleaners with a self-contained electric motor of a power . 1 .500 W and having a dust bag or other receptable capacity . .20 l
Prodcom 27512125 - Other vacuum cleaners with a self-contained electric motor

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