Hong Kong SAR, China: Domestic Coffee Machine Market 2024

Domestic Coffee Machine Market Size in Hong Kong SAR, China

The Hong Kong domestic coffee machine market contracted sharply to $X in 2022, with a decrease of X% against the previous year. In general, consumption recorded a mild decrease. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Domestic Coffee Machine Production in Hong Kong SAR, China

In value terms, domestic coffee machine production soared to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Domestic Coffee Machine Exports

Exports from Hong Kong SAR, China

In 2022, approx. X units of domestic electric coffee or tea makers were exported from Hong Kong SAR; shrinking by X% on the previous year. In general, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, domestic coffee machine exports declined dramatically to $X in 2022. Overall, exports continue to indicate a deep setback. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), China (X units) and Japan (X units) were the main destinations of domestic coffee machine exports from Hong Kong SAR, together comprising X% of total exports. Australia, the Czech Republic, Canada and Brazil lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for the Czech Republic (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the United States ($X), China ($X) and Australia ($X) were the largest markets for domestic coffee machine exported from Hong Kong SAR worldwide, together accounting for X% of total exports. The Czech Republic, Japan, Canada and Brazil lagged somewhat behind, together comprising a further X%.

The Czech Republic, 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 more modest paces of growth.

Export Prices by Country

In 2022, the average domestic coffee machine export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price showed buoyant growth. The pace of growth appeared the most rapid in 2020 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Brazil ($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 Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Domestic Coffee Machine Imports

Imports into Hong Kong SAR, China

Domestic coffee machine imports into Hong Kong SAR reduced sharply to X units in 2022, waning by X% compared with 2021. In general, imports faced a sharp downturn. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, domestic coffee machine imports fell notably to $X in 2022. Overall, imports saw a deep reduction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of domestic coffee machine to Hong Kong SAR, with a X% share of total imports. Moreover, domestic coffee machine imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of domestic electric coffee or tea makers to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China totaled X%.

Import Prices by Country

The average domestic coffee machine import price stood at $X per unit in 2022, increasing by X% against the previous year. In general, the import price posted resilient growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat 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 Germany ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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