Hong Kong SAR, China - Ride-On Compaction Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRide-On Compaction Equipment Price in Hong Kong SAR - 2023
Contents:
- Ride-On Compaction Equipment Price in Hong Kong SAR (CIF) - 2022
- Ride-On Compaction Equipment Price in Hong Kong SAR (FOB) - 2022
- Ride-On Compaction Equipment Imports in Hong Kong SAR
- Ride-On Compaction Equipment Exports in Hong Kong SAR
Ride-On Compaction Equipment Price in Hong Kong SAR (CIF) - 2022
In 2022, the average ride-on compaction equipment import price amounted to $10,286 per unit, falling by -45.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 84% against the previous year. Over the period under review, average import prices reached the maximum at $38,216 per unit in 2019; however, from 2020 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 Sweden ($76,614 per unit), while the price for Japan ($5,378 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+37.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Ride-On Compaction Equipment Price in Hong Kong SAR (FOB) - 2022
The average ride-on compaction equipment export price stood at $12,628 per unit in 2022, increasing by 50% against the previous year. Over the period under review, export price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ride-on compaction equipment export price increased by +89.8% against 2020 indices. The growth pace was the most rapid in 2017 when the average export price increased by 56% against the previous year. As a result, the export price reached the peak level of $15,413 per unit. From 2018 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($49,166 per unit), while the average price for exports to Mexico ($2,682 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 China (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.
Ride-On Compaction Equipment Imports in Hong Kong SAR
In 2022, purchases abroad of ride-on compaction equipment decreased by -12.7% to 144 units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 97% against the previous year. Imports peaked at 165 units in 2021, and then contracted in the following year.
In value terms, ride-on compaction equipment imports declined remarkably to $1.5M in 2022. Over the period under review, imports saw a abrupt decline. The pace of growth was the most pronounced in 2021 when imports increased by 14%. As a result, imports reached the peak of $3.1M, and then reduced notably in the following year.
| Import of Ride-On Compaction Equipment in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 73.4 | 1,309 | 1,174 | 821 | 123.6% |
| Japan | 135 | 362 | 380 | 489 | 53.6% |
| Germany | 1,044 | 278 | 774 | 93.7 | -55.2% |
| Sweden | 550 | 298 | 368 | 76.6 | -48.2% |
| United States | 884 | 413 | 424 | N/A | -30.7% |
| Others | 103 | 91.3 | 10.6 | N/A | -67.9% |
| Total | 2,790 | 2,751 | 3,131 | 1,481 | -19.0% |
Top Suppliers of Ride-On Compaction Equipment to Hong Kong SAR in 2022:
- Japan (91.0 units)
- China (50.0 units)
- Germany (2.0 units)
- Sweden (1.0 units)
Ride-On Compaction Equipment Exports in Hong Kong SAR
Ride-on compaction equipment exports from Hong Kong SAR fell markedly to 21 units in 2022, waning by -52.3% on the year before. In general, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. As a result, the exports reached the peak of 44 units, and then contracted dramatically in the following year.
In value terms, ride-on compaction equipment exports declined markedly to $265K in 2022. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 60% against the previous year. Over the period under review, the exports attained the peak figure at $383K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Ride-On Compaction Equipment in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | 35.0 | 142 | 147 | 104.9% |
| Philippines | 198 | 172 | 187 | 82.1 | -25.4% |
| Macao SAR | 148 | 14.0 | 0.8 | 25.2 | -44.6% |
| Vietnam | N/A | N/A | 7.7 | 7.7 | 0.0% |
| Mexico | 14.5 | 12.1 | 33.9 | 2.7 | -42.9% |
| Others | 22.5 | N/A | N/A | N/A | 0% |
| Total | 383 | 233 | 371 | 265 | -11.6% |
Top Export Markets for Ride-On Compaction Equipment from Hong Kong SAR in 2022:
- Philippines (13.0 units)
- China (3.0 units)
- Macao SAR (3.0 units)
- Vietnam (1.0 units)
- Mexico (1.0 units)
This report provides an in-depth analysis of the ride-on compaction equipment 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 28922400 - Ride-on compaction equipment and the like
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
-
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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