
Hong Kong SAR, China - Electronic Machines and Appliances for Testing Metals - Market Analysis, Forecast, Size, Trends and Insights
Hong Kong SAR, China: Electronic Metal Tester Market 2022
Electronic Metal Tester Market Size in Hong Kong SAR, China
In 2021, after four years of growth, there was significant decline in the Hong Kong electronic metal tester market, when its value decreased by -X% to $X. Overall, consumption recorded a significant expansion. Over the period under review, the market attained the maximum level at $X in 2020, and then contracted in the following year.
Electronic Metal Tester Production in Hong Kong SAR, China
In value terms, electronic metal tester production dropped to $X in 2021 estimated in export price. In general, production, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. Electronic metal tester production peaked at $X in 2020, and then dropped in the following year.
Electronic Metal Tester Exports
Exports from Hong Kong SAR, China
In 2021, electronic metal tester exports from Hong Kong SAR fell to X units, with a decrease of -X% on the previous year. In general, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.
In value terms, electronic metal tester exports declined sharply to $X in 2021. Overall, exports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
China (X units) was the main destination for electronic metal tester exports from Hong Kong SAR, with a X% share of total exports. Moreover, electronic metal tester exports to China exceeded the volume sent to the second major destination, the United States (X units), eightfold. The third position in this ranking was taken by Malaysia (X units), with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Malaysia (+X% per year).
In value terms, China ($X) remains the key foreign market for electronic metal tester exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.
From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Thailand (-X% per year).
Export Prices by Country
The average electronic metal tester export price stood at $X per unit in 2021, dropping by -X% against the previous year. Over the period under review, the export price recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 an increase of X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.
Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Malaysia ($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 China (-X%), while the prices for the other major destinations experienced a decline.
Electronic Metal Tester Imports
Imports into Hong Kong SAR, China
In 2021, supplies from abroad of electronic machines and appliances for testing metals was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt downturn. Over the period under review, imports attained the peak figure at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.
In value terms, electronic metal tester imports shrank modestly to $X in 2021. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by X%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports failed to regain momentum.
Imports by Country
In 2021, the United States (X units) constituted the largest electronic metal tester supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, electronic metal tester imports from the United States exceeded the figures recorded by the second-largest supplier, the UK (X units), fourfold. Germany (X units) ranked third in terms of total imports with a X% share.
From 2012 to 2021, the average annual growth rate of volume from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-X% per year) and Germany (+X% per year).
In value terms, Germany ($X), the UK ($X) and China ($X) were the largest electronic metal tester suppliers to Hong Kong SAR, together accounting for X% of total imports.
Germany, with a CAGR of +X%, recorded 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 more modest paces of growth.
Import Prices by Country
In 2021, the average electronic metal tester import price amounted to $X per unit, reducing by -X% against the previous year. In general, the import price, however, enjoyed a resilient increase. The pace of growth appeared the most rapid in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit, and then fell dramatically in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+X%), while the prices for the other major suppliers experienced more modest paces of growth.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2022 | 2012-2022 | 2023-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the electronic metal tester 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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