Report Update Apr 1, 2024

Hong Kong SAR, China - Lifting Equipment Designed for Mounting on Road Vehicles - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Mounting Lifting Equipment Market 2024

Mounting Lifting Equipment Market Size in Hong Kong SAR, China

The Hong Kong mounting lifting equipment market fell to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, continues to indicate a resilient expansion. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Mounting Lifting Equipment Production in Hong Kong SAR, China

In value terms, mounting lifting equipment production amounted to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Mounting lifting equipment production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Mounting Lifting Equipment Exports

Exports from Hong Kong SAR, China

In 2022, exports of lifting equipment designed for mounting on road vehicles from Hong Kong SAR dropped rapidly to X units, with a decrease of X% on the year before. Over the period under review, exports faced a sharp descent. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, mounting lifting equipment exports declined rapidly to $X in 2022. Overall, exports recorded a sharp decline. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units) was the main destination for mounting lifting equipment exports from Hong Kong SAR, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Vietnam amounted to X%.

In value terms, Vietnam ($X) emerged as the key foreign market for lifting equipment designed for mounting on road vehicles exports from Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value to Vietnam totaled X%.

Export Prices by Country

In 2022, the average mounting lifting equipment export price amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the export price saw a remarkable increase. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Vietnam.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Mounting Lifting Equipment Imports

Imports into Hong Kong SAR, China

In 2022, imports of lifting equipment designed for mounting on road vehicles into Hong Kong SAR contracted markedly to X units, shrinking by X% compared with 2021. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, mounting lifting equipment imports reduced to $X in 2022. In general, imports saw a perceptible setback. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Italy (X units) constituted the largest supplier of mounting lifting equipment to Hong Kong SAR, accounting for a X% share of total imports. Moreover, mounting lifting equipment imports from Italy exceeded the figures recorded by the second-largest supplier, Poland (X units), threefold. China (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Italy ($X) constituted the largest supplier of lifting equipment designed for mounting on road vehicles to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Poland ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and China (X% per year).

Import Prices by Country

The average mounting lifting equipment import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifting equipment designed for mounting on road vehicles in the world?

The countries with the highest volumes of consumption in 2023 were Belgium, China and the United States, together comprising 44% of global consumption. India, Italy, Pakistan, Brazil, Russia, Japan, the UK, Ethiopia, the Philippines and South Korea lagged somewhat behind, together comprising a further 30%.

What are the largest producers of lifting equipment designed for mounting on road vehicles in the world?

The countries with the highest volumes of production in 2022 were Belgium, China and the United States, together accounting for 44% of global production. Italy, India, Pakistan, Brazil, Japan, Russia, Austria, Ethiopia, South Korea and the Philippines lagged somewhat behind, together comprising a further 32%.

What are the leading suppliers of lifting equipment designed for mounting on road vehicles to Hong Kong SAR, China?

In value terms, Italy constituted the largest supplier of lifting equipment designed for mounting on road vehicles to Hong Kong SAR, comprising 77% of total imports. The second position in the ranking was taken by Poland, with a 16% share of total imports. It was followed by China, with a 4.1% share.

What are the leading importers of lifting equipment designed for mounting on road vehicles from Hong Kong SAR, China?

In value terms, Vietnam emerged as the key foreign market for lifting equipment designed for mounting on road vehicles exports from Hong Kong SAR.

What is the average export price for lifting equipment designed for mounting on road vehicles in Hong Kong SAR, China?

In 2022, the average mounting lifting equipment export price amounted to $41,819 per unit, increasing by 6.7% against the previous year.

What is the average import price for lifting equipment designed for mounting on road vehicles in Hong Kong SAR, China?

The average mounting lifting equipment import price stood at $37,760 per unit in 2022, rising by 39% against the previous year.

This report provides an in-depth analysis of the mounting lifting equipment 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.

Product coverage:

Prodcom 28221460 - Lifting equipment designed for mounting on road vehicles

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023