Hong Kong SAR, China - Silencers And Exhaust Pipes - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSilencer Price in Hong Kong SAR - 2023
Contents:
- Silencer Price in Hong Kong SAR (CIF) - 2022
- Silencer Price in Hong Kong SAR (FOB) - 2023
- Silencer Imports in Hong Kong SAR
- Silencer Exports in Hong Kong SAR
Silencer Price in Hong Kong SAR (CIF) - 2022
In 2022, the average silencer import price amounted to $40,739 per ton, waning by -2.7% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, silencer import price increased by +49.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 44%. Over the period under review, average import prices hit record highs at $41,859 per ton in 2021, and then dropped in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Slovenia ($148,500 per ton), while the price for China ($4,163 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Silencer Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average silencer export price amounted to $20,693 per ton, waning by -10.4% against the previous month. In general, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in November 2022 an increase of 219% month-to-month. The export price peaked at $46,989 per ton in January 2023; however, from February 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($58,190 per ton), while the average price for exports to Malaysia ($6,459 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Silencer Imports in Hong Kong SAR
In 2022, purchases abroad of silencers and exhaust pipes decreased by -2.6% to 251 tons, falling for the second year in a row after two years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 14%. As a result, imports attained the peak of 284 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, silencer imports reduced to $10M in 2022. The total import value increased at an average annual rate of +8.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 20% against the previous year.
| Import of Silencer in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 0.7 | 1.0 | 1.3 | 2.4 | 50.8% |
| United States | 1.5 | 1.9 | 2.8 | 2.1 | 11.9% |
| Singapore | 0.7 | 0.9 | 0.8 | 1.2 | 19.7% |
| Japan | 1.9 | 1.8 | 1.6 | 1.1 | -16.7% |
| Germany | 0.8 | 0.9 | 1.5 | 1.1 | 11.2% |
| United Kingdom | 0.3 | 0.5 | 0.9 | 0.7 | 32.6% |
| China | 0.7 | 0.3 | 0.2 | 0.2 | -34.1% |
| Others | 1.5 | 2.4 | 1.8 | 1.4 | -2.3% |
| Total | 8.1 | 9.7 | 10.8 | 10.2 | 8.0% |
Top Suppliers of Silencer to Hong Kong SAR in 2022:
- United States (97.3 tons)
- China (49.4 tons)
- Japan (28.5 tons)
- Singapore (17.5 tons)
- Slovenia (16.3 tons)
- Germany (15.1 tons)
- United Kingdom (9.5 tons)
Silencer Exports in Hong Kong SAR
In 2022, approx. 272 tons of silencers and exhaust pipes were exported from Hong Kong SAR; jumping by 104% compared with the year before. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, silencer exports soared to $5.5M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Silencer in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,004 | 2,771 | 1,917 | 4,379 | 29.8% |
| United States | 128 | 220 | 195 | 368 | 42.2% |
| Japan | 45.9 | 24.0 | 22.6 | 156 | 50.4% |
| Colombia | N/A | N/A | N/A | 148 | 0% |
| Thailand | 320 | 404 | 337 | 111 | -29.7% |
| Malaysia | 13.2 | 82.5 | 96.8 | 82.4 | 84.1% |
| France | 12.0 | 23.4 | 46.9 | 65.5 | 76.1% |
| Others | 229 | 173 | 188 | 183 | -7.2% |
| Total | 2,751 | 3,698 | 2,804 | 5,492 | 25.9% |
Top Export Markets for Silencer from Hong Kong SAR in 2022:
- China (143.7 tons)
- Colombia (35.9 tons)
- United States (31.0 tons)
- Japan (19.2 tons)
- Thailand (14.2 tons)
- Malaysia (11.4 tons)
- France (5.3 tons)
This report provides an in-depth analysis of the silencer 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 29323063 - Silencers and exhaust pipes, parts thereof
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
-
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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