Hong Kong SAR, China: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Market Size in Hong Kong SAR, China

In 2022, the Hong Kong industrial bakery machinery market increased by X% to $X, rising for the second consecutive year after four years of decline. Over the period under review, consumption showed a moderate expansion. Industrial bakery machinery consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Industrial Bakery Machinery Exports

Exports from Hong Kong SAR, China

In 2022, the amount of industrial bakery machinery exported from Hong Kong SAR surged to X units, jumping by X% on 2021. Overall, exports, however, showed a abrupt decrease. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, industrial bakery machinery exports surged to $X in 2022. In general, exports, however, faced a abrupt slump. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units), China (X units) and Pakistan (X units) were the main destinations of industrial bakery machinery exports from Hong Kong SAR, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial bakery machinery exported from Hong Kong SAR were Vietnam ($X), China ($X) and Pakistan ($X), with a combined X% share of total exports. Macao SAR, the United States, Saudi Arabia, the Philippines, the United Arab Emirates, France and Japan lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, recorded 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 industrial bakery machinery export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per unit), while the average price for exports to Japan ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of industrial bakery machinery increased by X% to X units, rising for the second consecutive year after four years of decline. In general, imports, however, saw a mild shrinkage. Over the period under review, imports reached the maximum at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, industrial bakery machinery imports surged to $X in 2022. Over the period under review, imports, however, showed a slight slump. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest industrial bakery machinery supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, industrial bakery machinery imports from Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Italy (X% per year).

In value terms, Japan ($X) constituted the largest supplier of industrial bakery machinery to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Italy (X% per year).

Import Prices by Country

The average industrial bakery machinery import price stood at $X per unit in 2022, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and China ($X per unit), while the price for Canada ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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