Hong Kong SAR, China: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2022

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Hong Kong SAR, China

In 2021, the Hong Kong market for machine-tools for working stone, ceramics, and concrete increased by X% to $X, rising for the third year in a row after two years of decline. Overall, consumption showed pronounced growth. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Hong Kong SAR, China

In value terms, machine tools for working stone production soared to $X in 2021 estimated in export price. In general, production enjoyed resilient growth. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Hong Kong SAR, China

For the fourth year in a row, Hong Kong SAR recorded decline in shipments abroad of machine-tools for working stone, ceramics, and concrete, which decreased by -X% to X units in 2021. In general, exports continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, machine tools for working stone exports contracted markedly to $X in 2021. Overall, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for machine tools for working stone exports from Hong Kong SAR, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -X%.

In value terms, China ($X) also remains the key foreign market for machine tools for working stone exports from Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value to China amounted to -X%.

Export Prices by Country

In 2021, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the the average export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -X% per year.

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Hong Kong SAR, China

In 2021, the amount of machine-tools for working stone, ceramics, and concrete imported into Hong Kong SAR declined to X units, falling by -X% compared with 2020. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, machine tools for working stone imports declined to $X in 2021. Overall, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2020 with an increase of X%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Spain (X units), India (X units) and Italy (X units) were the main suppliers of machine tools for working stone imports to Hong Kong SAR, together accounting for X% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest machine tools for working stone suppliers to Hong Kong SAR were Japan ($X), Spain ($X) and Germany ($X), with a combined X% share of total imports. These countries were followed by Italy, Sweden, Switzerland and India, which together accounted for a further X, with a CAGR of +X%, recorded 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 more modest paces of growth.

Import Prices by Country

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2021, approximately mirroring the previous year. Over the period under review, the import price, however, recorded modest growth. The pace of growth was the most pronounced in 2013 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform