Hong Kong SAR, China: Market for Domestic, Non-Electric, Cooking Or Heating Appliances 2022

Market Size for Domestic, Non-Electric, Cooking Or Heating Appliances in Hong Kong SAR, China

In 2021, the Hong Kong market for domestic, non-electric, cooking or heating appliances increased by X% to $X, rising for the second consecutive year after three years of decline. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +X% against 2019 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Production of Domestic, Non-Electric, Cooking Or Heating Appliances in Hong Kong SAR, China

In value terms, production of domestic, non-electric, cooking or heating appliances stood at $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, production of reached the maximum level at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Exports of Domestic, Non-Electric, Cooking Or Heating Appliances

Exports from Hong Kong SAR, China

In 2021, exports of domestic, non-electric, cooking or heating appliances from Hong Kong SAR shrank remarkably to X tons, dropping by -X% against 2020. Overall, exports faced a significant decline. The most prominent rate of growth was recorded in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, exports of domestic, non-electric, cooking or heating appliances declined rapidly to $X in 2021. In general, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports of remained at a lower figure.

Exports by Country

Macao SAR (X tons), China (X tons) and the United States (X tons) were the main destinations of exports of domestic, non-electric, cooking or heating appliances from Hong Kong SAR, with a combined X% share of total exports. These countries were followed by Japan, the UK and Canada, which together accounted for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Macao SAR ($X), China ($X) and the United States ($X) were the largest markets for domestic, non-electric, cooking or heating appliance exported from Hong Kong SAR worldwide, together accounting for X% of total exports.

China, with a CAGR of +X%, recorded the highest growth rate of the value of exports, in terms of 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 2021, the average export price for domestic, non-electric, cooking or heating appliances amounted to $X per ton, growing by X% against the previous year. Overall, the export price showed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Domestic, Non-Electric, Cooking Or Heating Appliances

Imports into Hong Kong SAR, China

After two years of growth, purchases abroad of domestic, non-electric, cooking or heating appliances decreased by -X% to X tons in 2021. The total import volume increased at an average annual rate of +X% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Over the period under review, imports of hit record highs at X tons in 2020, and then reduced in the following year.

In value terms, imports of domestic, non-electric, cooking or heating appliances expanded slightly to $X in 2021. The total import value increased at an average annual rate of +X% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, imports of reached the peak figure in 2021 and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Japan (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of imports of domestic, non-electric, cooking or heating appliances to Hong Kong SAR, together comprising X% of total imports. Germany, Spain, Italy and Indonesia lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest domestic, non-electric, cooking or heating appliance suppliers to Hong Kong SAR were Japan ($X), China ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports. Germany, Spain, Italy and Indonesia lagged somewhat behind, together accounting for a further X the main suppliers, Spain, with a CAGR of +X%, 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 import price for domestic, non-electric, cooking or heating appliances stood at $X per ton in 2021, picking up by X% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the highest price was recorded for prices from Italy ($X per ton) and Germany ($X per ton), while the price for China ($X per ton) and Indonesia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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