Hong Kong SAR, China - Coal Or Rock Cutters And Tunnelling Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingRock Cutter Price in Hong Kong SAR - 2022
Contents:
- Rock Cutter Price in Hong Kong SAR (CIF) - 2022
- Rock Cutter Price in Hong Kong SAR (FOB) - 2022
- Rock Cutter Imports in Hong Kong SAR
- Rock Cutter Exports in Hong Kong SAR
Rock Cutter Price in Hong Kong SAR (CIF) - 2022
In 2022, the average rock cutter import price amounted to $28,139 per unit, jumping by 23% against the previous year. In general, the import price continues to indicate modest growth. The most prominent rate of growth was recorded in 2016 an increase of 48%. Over the period under review, average import prices attained the maximum at $29,535 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($28,213 per unit), while the price for Malaysia amounted to $27,246 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Rock Cutter Price in Hong Kong SAR (FOB) - 2022
The average rock cutter export price stood at $16,272 per unit in 2022, surging by 49% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average export price increased by 76% against the previous year. Over the period under review, the average export prices reached the peak figure at $26,080 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($60,976 per unit), while the average price for exports to Singapore ($43 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 Thailand (+15.1%), while the prices for the other major destinations experienced more modest paces of growth.
Rock Cutter Imports in Hong Kong SAR
Rock cutter imports into Hong Kong SAR fell dramatically to 170 units in 2022, waning by -50.3% on the previous year's figure. Over the period under review, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 328% against the previous year. As a result, imports attained the peak of 342 units, and then shrank rapidly in the following year.
In value terms, rock cutter imports declined significantly to $4.8M in 2022. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 406% against the previous year. As a result, imports reached the peak of $7.8M, and then dropped markedly in the following year.
| Import of Rock Cutter in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,560 | 62.4 | 3,937 | 4,430 | 41.6% |
| Malaysia | 5.0 | 3.9 | 29.0 | 354 | 313.7% |
| Macao SAR | 956 | 310 | 952 | N/A | -0.2% |
| South Korea | 334 | 35.0 | 11.7 | N/A | -81.3% |
| Belgium | 478 | N/A | N/A | N/A | 0% |
| Germany | 196 | 78.3 | 29.8 | N/A | -61.0% |
| Taiwan (Chinese) | 263 | 83.1 | 249 | N/A | -2.7% |
| Netherlands | 1,778 | 662 | 2,334 | N/A | 14.6% |
| Others | 372 | 307 | 261 | N/A | -16.2% |
| Total | 5,942 | 1,541 | 7,804 | 4,784 | -7.0% |
Top Suppliers of Rock Cutter to Hong Kong SAR in 2022:
- China (157.0 units)
- Malaysia (13.0 units)
Rock Cutter Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of coal or rock cutters and tunnelling machinery, which decreased by -5.3% to 18 units in 2022. Overall, exports continue to indicate a sharp decrease. The exports peaked at 85 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, rock cutter exports surged to $293K in 2022. In general, exports faced a dramatic downturn. The exports peaked at $2.2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Rock Cutter in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 569 | 121 | 76.9 | 122 | -40.1% |
| Germany | 662 | 121 | 66.2 | 90.2 | -48.5% |
| China | 755 | 101 | 36.5 | 49.4 | -59.7% |
| Thailand | 74.2 | 15.8 | 10.0 | 15.9 | -40.2% |
| Japan | 93.9 | 13.8 | 8.6 | 11.4 | -50.5% |
| Macao SAR | 16.4 | 2.0 | 0.5 | 1.4 | -56.0% |
| Panama | 4.4 | 0.9 | 0.6 | 0.9 | -41.1% |
| India | 4.5 | 0.3 | 0.4 | 0.6 | -48.9% |
| United Kingdom | 7.0 | 1.1 | 0.5 | 0.6 | -55.9% |
| Philippines | 4.9 | 1.1 | N/A | 0.4 | -56.6% |
| Pakistan | 0.9 | 0.1 | 0.1 | 0.1 | -51.9% |
| Indonesia | 0.5 | 0.1 | N/A | N/A | -80.0% |
| Singapore | 0.3 | 0.2 | 0.1 | N/A | -42.3% |
| Others | 23.7 | N/A | 6.7 | N/A | -46.8% |
| Total | 2,217 | 379 | 207 | 293 | -49.1% |
Top Export Markets for Rock Cutter from Hong Kong SAR in 2022:
- Germany (5.0 units)
- Netherlands (2.0 units)
- Pakistan (1.0 units)
- Singapore (1.0 units)
- Philippines (1.0 units)
- Indonesia (1.0 units)
- India (1.0 units)
- Japan (1.0 units)
- United Kingdom (1.0 units)
- China (1.0 units)
- Thailand (1.0 units)
- Panama (1.0 units)
- Macao SAR (1.0 units)
This report provides an in-depth analysis of the rock cutter 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 28921235 - Coal or rock cutters and tunnelling machinery (excluding selfpropelled)
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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