Hong Kong SAR, China: Food Sorting Machine Market 2024

Food Sorting Machine Market Size in Hong Kong SAR, China

The Hong Kong food sorting machine market was estimated at $X in 2022, growing by X% against the previous year. In general, the total consumption indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2020 indices. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Food Sorting Machine Production in Hong Kong SAR, China

In value terms, food sorting machine production rose to $X in 2022 estimated in export price. In general, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Food sorting machine production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Food Sorting Machine Exports

Exports from Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of machines for cleaning, sorting or grading eggs and fruit, which decreased by X% to X units in 2022. Over the period under review, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2016 when exports increased by X%. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, food sorting machine exports contracted notably to $X in 2022. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), Saudi Arabia (X units) and Brazil (X units) were the main destinations of food sorting machine exports from Hong Kong SAR.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Brazil (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, the United States ($X) emerged as the key foreign market for machines for cleaning, sorting or grading eggs and fruit exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Saudi Arabia ($X), with an X% share of total exports.

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

Export Prices by Country

In 2022, the average food sorting machine export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2016 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.

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 the United States ($X per unit), while the average price for exports to Brazil ($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 Saudi Arabia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Food Sorting Machine Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of machines for cleaning, sorting or grading eggs and fruit was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. In general, imports recorded a resilient increase. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, food sorting machine imports surged to $X in 2022. Over the period under review, imports, however, showed a pronounced setback. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Singapore (X units) constituted the largest food sorting machine supplier to Hong Kong SAR, with a X% share of total imports. Moreover, food sorting machine imports from Singapore exceeded the figures recorded by the second-largest supplier, Belgium (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume from Singapore amounted to X.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and China (X% per year).

In value terms, Singapore ($X) constituted the largest supplier of machines for cleaning, sorting or grading eggs and fruit to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Singapore amounted to X.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and China (X% per year).

Import Prices by Country

The average food sorting machine import price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the import price, however, continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2016 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Belgium ($X per unit), while the price for Singapore ($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.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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