Hong Kong SAR, China: Machine-Tool For Drilling Market 2024

Machine-Tool For Drilling Market Size in Hong Kong SAR, China

In 2022, the Hong Kong machine-tool for drilling market decreased by X% to $X, falling for the second consecutive year after three years of growth. Over the period under review, consumption, however, continues to indicate a buoyant increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Machine-Tool For Drilling Production in Hong Kong SAR, China

In value terms, machine-tool for drilling production rose slightly to $X in 2022 estimated in export price. Over the period under review, production posted a resilient expansion. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Machine-Tool For Drilling Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of machine-tools for drilling, boring or milling metal increased by X% to X units for the first time since 2018, thus ending a three-year declining trend. In general, exports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, machine-tool for drilling exports surged to $X in 2022. Over the period under review, exports, however, recorded a precipitous descent. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Japan (X units), China (X units) and Myanmar (X units) were the main destinations of machine-tool for drilling exports from Hong Kong SAR, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for machine-tool for drilling exported from Hong Kong SAR were Japan ($X), China ($X) and Myanmar ($X), with a combined X% share of total exports.

Japan, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average machine-tool for drilling export price stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the export price, however, recorded a abrupt slump. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per unit in 2012; however, from 2013 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 China ($X per unit), while the average price for exports to Myanmar ($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 China (X%), while the prices for the other major destinations experienced a decline.

Machine-Tool For Drilling Imports

Imports into Hong Kong SAR, China

Machine-tool for drilling imports into Hong Kong SAR shrank notably to X units in 2022, waning by X% on the previous year's figure. In general, imports faced a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, machine-tool for drilling imports fell remarkably to $X in 2022. Overall, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Germany (X units), China (X units) and the UK (X units) were the main suppliers of machine-tool for drilling imports to Hong Kong SAR, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest machine-tool for drilling suppliers to Hong Kong SAR were China ($X), the UK ($X) and Germany ($X), together accounting for X% of total imports.

The UK, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average machine-tool for drilling import price stood at $X per unit in 2022, rising by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2018 to 2022, the average import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform

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