Hong Kong SAR, China: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Hong Kong SAR, China

The Hong Kong filling containers machinery market rose rapidly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, continues to indicate a deep setback. Filling containers machinery consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Filling Containers Machinery Production in Hong Kong SAR, China

In value terms, filling containers machinery production rose remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced slump. The growth pace was the most rapid in 2014 with an increase of X%. Filling containers machinery production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Filling Containers Machinery Exports

Exports from Hong Kong SAR, China

In 2022, the amount of machinery for filling, closing, sealing, capsuling or labelling containers exported from Hong Kong SAR soared to X units, increasing by X% on 2021 figures. Over the period under review, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, filling containers machinery exports reduced sharply to $X in 2022. Overall, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for filling containers machinery exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, filling containers machinery exports to the Netherlands exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was held by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the United States (X% per year).

In value terms, China ($X) emerged as the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total exports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and the United States (X% per year).

Export Prices by Country

The average filling containers machinery export price stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the export price recorded a deep 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 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the Netherlands ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Hong Kong SAR, China

In 2022, approx. X units of machinery for filling, closing, sealing, capsuling or labelling containers were imported into Hong Kong SAR; growing by X% against the previous year's figure. Overall, imports, however, showed a dramatic decline. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, filling containers machinery imports dropped rapidly to $X in 2022. Over the period under review, imports, however, faced a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of filling containers machinery to Hong Kong SAR, with a X% share of total imports. Moreover, filling containers machinery imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fivefold. Japan (X units) ranked third in terms of total imports with an X% share.

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

In value terms, the United States ($X), China ($X) and Italy ($X) constituted the largest filling containers machinery suppliers to Hong Kong SAR, with a combined X% share of total imports.

The United States, 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

In 2022, the average filling containers machinery import price amounted to $X per unit, falling by X% against the previous year. In general, the import price, however, saw a prominent increase. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($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 United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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