Hong Kong SAR, China - Radio Remote Control Apparatus - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRemote Control Apparatus Price in Hong Kong SAR - 2023
Contents:
- Remote Control Apparatus Price in Hong Kong SAR (FOB) - 2022
- Remote Control Apparatus Price in Hong Kong SAR (CIF) - 2023
- Remote Control Apparatus Exports in Hong Kong SAR
- Remote Control Apparatus Imports in Hong Kong SAR
Remote Control Apparatus Price in Hong Kong SAR (FOB) - 2022
The average remote control apparatus export price stood at $21 per unit in 2022, falling by -5.1% against the previous year. Over the period under review, export price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the average export price increased by 11% against the previous year. The export price peaked at $22 per unit in 2021, and then shrank in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Vietnam ($21 per unit) and Australia ($21 per unit), while the average price for exports to France ($21 per unit) and China ($21 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 Vietnam (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Remote Control Apparatus Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average remote control apparatus import price amounted to $6.7 per unit, with a decrease of -10.8% against the previous month. Overall, import price indicated a resilient increase from June 2022 to June 2023: its price increased at an average monthly rate of +5.4% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, remote control apparatus import price increased by +45.9% against February 2023 indices. The most prominent rate of growth was recorded in July 2022 an increase of 49% month-to-month. Over the period under review, average import prices attained the maximum at $7.5 per unit in May 2023, and then fell in the following month.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was China ($8.8 per unit), while the price for Indonesia ($1.1 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Remote Control Apparatus Exports in Hong Kong SAR
In 2022, exports of radio remote control apparatus from Hong Kong SAR stood at 9M units, with an increase of 8.5% on 2021. The total export volume increased at an average annual rate of +4.9% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 18% 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.
In value terms, remote control apparatus exports expanded to $186M in 2022. The total export value increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Remote Control Apparatus in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 24.9 | 45.8 | 63.2 | 63.5 | 36.6% |
| United States | 26.0 | 13.8 | 15.7 | 24.3 | -2.2% |
| China | 23.1 | 22.8 | 29.1 | 24.0 | 1.3% |
| Japan | 22.2 | 14.5 | 12.0 | 16.8 | -8.9% |
| Germany | 11.9 | 10.9 | 13.6 | 10.1 | -5.3% |
| Malaysia | 9.7 | 10.2 | 10.0 | 8.9 | -2.8% |
| Australia | 5.9 | 5.4 | 4.7 | 4.6 | -8.0% |
| India | 1.1 | 0.9 | 6.0 | 4.0 | 53.8% |
| France | 2.0 | 1.8 | 2.7 | 3.4 | 19.3% |
| United Kingdom | 2.6 | 4.7 | 3.1 | 3.4 | 9.4% |
| Others | 26.5 | 19.5 | 21.2 | 23.5 | -3.9% |
| Total | 156 | 150 | 181 | 186 | 6.0% |
Top Export Markets for Remote Control Apparatus from Hong Kong SAR in 2022:
- Vietnam (3079.1K units)
- United States (1177.8K units)
- China (1164.9K units)
- Japan (813.2K units)
- Germany (490.7K units)
- Malaysia (434.0K units)
- Australia (222.6K units)
- India (196.5K units)
- United Kingdom (163.2K units)
- France (162.7K units)
Remote Control Apparatus Imports in Hong Kong SAR
In 2022, approx. 7.1M units of radio remote control apparatus were imported into Hong Kong SAR; declining by -13.2% on the year before. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +41.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 63% against the previous year. As a result, imports reached the peak of 8.2M units, and then contracted in the following year.
In value terms, remote control apparatus imports contracted to $98M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. As a result, imports attained the peak of $113M, and then shrank in the following year.
| Import of Remote Control Apparatus in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 60.9 | 57.4 | 104 | 89.9 | 13.9% |
| Vietnam | N/A | N/A | 0.1 | 2.4 | 2300.0% |
| Japan | 6.9 | 6.6 | 2.0 | 1.5 | -39.9% |
| Others | 3.4 | 3.3 | 7.2 | 3.8 | 3.8% |
| Total | 71.2 | 67.4 | 113 | 97.5 | 11.0% |
Top Suppliers of Remote Control Apparatus to Hong Kong SAR in 2022:
- China (6.6M units)
- Vietnam (0.2M units)
- Japan (0.1M units)
This report provides an in-depth analysis of the remote control apparatus market 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 26512080 - Radio remote control apparatus (including for ships, pilotless aircraft, rockets, missiles, toys, and model ships or aircraft, for machines, for the detonation of mines)
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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