Hong Kong SAR, China: Sugar-Manufacturing Industrial Machinery Market 2024

Sugar-Manufacturing Industrial Machinery Market Size in Hong Kong SAR, China

The Hong Kong sugar-manufacturing industrial machinery market reached $X in 2022, standing approx. at the previous year. Over the period under review, consumption, however, continues to indicate a deep contraction. Sugar-manufacturing industrial machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Sugar-Manufacturing Industrial Machinery Production in Hong Kong SAR, China

In value terms, sugar-manufacturing industrial machinery production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Sugar-Manufacturing Industrial Machinery Exports

Exports from Hong Kong SAR, China

In 2022, approx. X units of industrial machinery for the manufacture or preparation of sugar were exported from Hong Kong SAR; reducing by X% against the year before. Over the period under review, exports continue to indicate a perceptible descent. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery exports dropped sharply to $X in 2022. Overall, exports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X units), India (X units) and Indonesia (X units) were the main destinations of sugar-manufacturing industrial machinery exports from Hong Kong SAR, with a combined X% share of total exports.

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

In value terms, Pakistan ($X), Cambodia ($X) and Panama ($X) constituted the largest markets for sugar-manufacturing industrial machinery exported from Hong Kong SAR worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Cambodia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average sugar-manufacturing industrial machinery export price stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

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

Sugar-Manufacturing Industrial Machinery Imports

Imports into Hong Kong SAR, China

In 2022, approx. X units of industrial machinery for the manufacture or preparation of sugar were imported into Hong Kong SAR; flattening at the previous year. Over the period under review, imports posted a mild expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, sugar-manufacturing industrial machinery imports skyrocketed to $X in 2022. In general, imports recorded a precipitous descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Vietnam (X units), India (X units) and the United States (X units) were the main suppliers of sugar-manufacturing industrial machinery imports to Hong Kong SAR, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of industrial machinery for the manufacture or preparation of sugar to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and China (X% per year).

Import Prices by Country

The average sugar-manufacturing industrial machinery import price stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price, however, recorded a precipitous descent. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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