Hong Kong SAR, China: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Hong Kong SAR, China

The Hong Kong tow-behind air compressor market fell dramatically to $X in 2022, reducing by X% against the previous year. In general, consumption, however, recorded tangible growth. Tow-behind air compressor consumption peaked at $X in 2021, and then dropped sharply in the following year.

Tow-Behind Air Compressor Production in Hong Kong SAR, China

In value terms, tow-behind air compressor production fell modestly to $X in 2022 estimated in export price. In general, production, however, posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Tow-behind air compressor production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Tow-Behind Air Compressor Exports

Exports from Hong Kong SAR, China

In 2022, approx. X units of air compressors mounted on a wheeled chassis for towing were exported from Hong Kong SAR; which is down by X% compared with the previous year's figure. Over the period under review, exports recorded a noticeable reduction. The pace of growth appeared the most rapid in 2016 when exports increased by X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, tow-behind air compressor exports contracted markedly to $X in 2022. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for tow-behind air compressor exports from Hong Kong SAR, with a X% share of total exports. Moreover, tow-behind air compressor exports to China exceeded the volume sent to the second major destination, Pakistan (X units), twofold. The third position in this ranking was taken by the Philippines (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and the Philippines (X% per year).

In value terms, the largest markets for tow-behind air compressor exported from Hong Kong SAR were China ($X), Macao SAR ($X) and the Philippines ($X), together accounting for X% of total exports.

The Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average tow-behind air compressor export price amounted to $X per unit, falling by X% against the previous year. Over the period under review, the export price showed a deep downturn. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($X per unit), while the average price for exports to Pakistan ($X 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 Macao SAR (X%), while the prices for the other major destinations experienced a decline.

Tow-Behind Air Compressor Imports

Imports into Hong Kong SAR, China

In 2022, the amount of air compressors mounted on a wheeled chassis for towing imported into Hong Kong SAR dropped rapidly to X units, waning by X% against 2021. Over the period under review, imports showed a deep contraction. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, tow-behind air compressor imports fell rapidly to $X in 2022. In general, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and the United States (X units) were the main suppliers of tow-behind air compressor imports to Hong Kong SAR, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest tow-behind air compressor suppliers to Hong Kong SAR were China ($X), Japan ($X) and the United States ($X), with a combined X% share of total imports.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average tow-behind air compressor import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, saw a slight contraction. The growth pace was the most rapid in 2017 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 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 China ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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