Hong Kong SAR, China: Market for Cabinets And Cases For Transmission And Reception Apparatus 2022

Market Size for Cabinets And Cases For Transmission And Reception Apparatus in Hong Kong SAR, China

The Hong Kong receivers and transmitters case market fell markedly to $X in 2021, declining by -64.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Exports of Cabinets And Cases For Transmission And Reception Apparatus

Exports from Hong Kong SAR, China

For the ninth year in a row, Hong Kong SAR recorded decline in shipments abroad of cabinets and cases for transmission and reception apparatus, which decreased by -4.3% to X units in 2021. Overall, exports showed a deep reduction. The smallest decline of -2.2% was in 2019. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, receivers and transmitters case exports shrank to $X in 2021. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of 39%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), Belarus (X units) and Hungary (X units) were the main destinations of receivers and transmitters case exports from Hong Kong SAR, together comprising 34% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +157.3%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the key foreign market for receivers and transmitters case exports from Hong Kong SAR, comprising 32% of total exports. The second position in the ranking was taken by South Korea ($X), with an 8.4% share of total exports. It was followed by Belarus, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value to India totaled +27.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+17.8% per year) and Belarus (+129.4% per year).

Export Prices by Country

The average receivers and transmitters case export price stood at $X per unit in 2021, falling by -7.7% against the previous year. Overall, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, receivers and transmitters case export price decreased by -24.3% against 2015 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 50% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cabinets And Cases For Transmission And Reception Apparatus

Imports into Hong Kong SAR, China

In 2021, imports of cabinets and cases for transmission and reception apparatus into Hong Kong SAR shrank dramatically to X units, reducing by -64.4% compared with the previous year. In general, imports faced a drastic downturn. The growth pace was the most rapid in 2013 with an increase of 79% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, receivers and transmitters case imports fell dramatically to $X in 2021. Overall, imports saw a perceptible reduction. The pace of growth was the most pronounced in 2013 with an increase of 143%. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of receivers and transmitters case to Hong Kong SAR, with a 67% share of total imports. Moreover, receivers and transmitters case imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sevenfold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -16.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-10.4% per year) and Taiwan (Chinese) (-4.2% per year).

In value terms, China ($X), Vietnam ($X) and South Korea ($X) were the largest receivers and transmitters case suppliers to Hong Kong SAR, together accounting for 87% of total imports.

Among the main suppliers, South Korea, with a CAGR of +9.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average receivers and transmitters case import price stood at $X per unit in 2021, surging by 50% against the previous year. Over the period under review, the import price saw a resilient increase. As a result, import price reached 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 2021, the country with the highest price was Vietnam ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+21.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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