Hong Kong SAR, China - Vacuum Pumps - Market Analysis, Forecast, Size, Trends and Insights
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View PricingVacuum Pump Price in Hong Kong SAR - 2023
Contents:
- Vacuum Pump Price in Hong Kong SAR (CIF) - 2022
- Vacuum Pump Price in Hong Kong SAR (FOB) - 2022
- Vacuum Pump Imports in Hong Kong SAR
- Vacuum Pump Exports in Hong Kong SAR
Vacuum Pump Price in Hong Kong SAR (CIF) - 2022
The average vacuum pump import price stood at $42 per unit in 2022, increasing by 79% against the previous year. In general, the import price recorded a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 Germany ($231 per unit), while the price for China ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+36.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Vacuum Pump Price in Hong Kong SAR (FOB) - 2022
In 2022, the average vacuum pump export price amounted to $56 per unit, jumping by 117% against the previous year. Over the period under review, the export price continues to indicate modest growth. The pace of growth appeared the most rapid in 2014 when the average export price increased by 197% against the previous year. As a result, the export price reached the peak level of $94 per unit. From 2015 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($87 per unit), while the average price for exports to Mexico ($4.1 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 the United States (+3.7%), while the prices for the other major destinations experienced a decline.
Vacuum Pump Imports in Hong Kong SAR
In 2022, the amount of vacuum pumps imported into Hong Kong SAR fell sharply to 315K units, which is down by -25.5% against the previous year. Overall, imports showed a perceptible reduction. The growth pace was the most rapid in 2021 when imports increased by 76% against the previous year. As a result, imports reached the peak of 423K units, and then declined rapidly in the following year.
In value terms, vacuum pump imports surged to $13M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +66.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Vacuum Pump in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1.2 | 1.7 | 1.7 | 4.5 | 55.4% |
| Germany | 2.9 | 1.7 | 1.6 | 2.1 | -10.2% |
| Singapore | 0.3 | 0.3 | 0.2 | 1.6 | 74.7% |
| Taiwan (Chinese) | 0.5 | 0.5 | 0.8 | 0.9 | 21.6% |
| China | 2.1 | 1.5 | 3.0 | 0.9 | -24.6% |
| United States | 0.6 | 0.6 | 0.4 | 0.7 | 5.3% |
| Others | 1.9 | 1.7 | 2.1 | 2.6 | 11.0% |
| Total | 9.4 | 7.9 | 9.9 | 13.2 | 12.0% |
Top Suppliers of Vacuum Pump to Hong Kong SAR in 2022:
- Japan (164.5K units)
- China (79.2K units)
- Taiwan (Chinese) (29.7K units)
- Singapore (19.0K units)
- Germany (9.0K units)
- United States (5.0K units)
Vacuum Pump Exports in Hong Kong SAR
In 2022, shipments abroad of vacuum pumps decreased by -59.2% to 116K units for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a precipitous setback. The pace of growth was the most pronounced in 2021 with an increase of 20% against the previous year. As a result, the exports reached the peak of 285K units, and then fell markedly in the following year.
In value terms, vacuum pump exports fell to $6.5M in 2022. Over the period under review, exports recorded a noticeable setback. The most prominent rate of growth was recorded in 2020 with an increase of 58%. As a result, the exports reached the peak of $12M. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Vacuum Pump in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.2 | 9.5 | 5.4 | 5.4 | 1.3% |
| United States | 0.4 | 0.3 | 0.6 | 0.1 | -37.0% |
| Japan | 0.2 | 0.1 | 0.2 | 0.1 | -20.6% |
| France | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Germany | 0.5 | 0.2 | 0.3 | N/A | -22.5% |
| United Kingdom | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Mexico | N/A | N/A | N/A | N/A | 0% |
| Turkey | N/A | N/A | N/A | N/A | 0% |
| Others | 1.1 | 1.6 | 0.6 | 0.7 | -14.0% |
| Total | 7.5 | 11.8 | 7.3 | 6.5 | -4.7% |
Top Export Markets for Vacuum Pump from Hong Kong SAR in 2022:
- China (61.8K units)
- United States (11.2K units)
- Germany (10.2K units)
- Japan (8.0K units)
- United Kingdom (6.5K units)
- Mexico (5.7K units)
- France (2.2K units)
This report provides an in-depth analysis of the vacuum pump 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 28132170 - Rotary piston vacuum pumps, sliding vane rotary pumps, m olecular drag pumps, Roots pumps, diffusion pumps, c ryopumps and adsorption pumps
- Prodcom 28132190 - Liquid ring
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
- 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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