Hong Kong SAR, China: Non-Electric Bakery Oven Market 2022

Non-Electric Bakery Oven Market Size in Hong Kong SAR, China

For the third consecutive year, the Hong Kong non-electric bakery oven market recorded decline in sales value, which decreased by -X% to $X in 2021. In general, consumption recorded a abrupt slump. Non-electric bakery oven consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Non-Electric Bakery Oven Exports

Exports from Hong Kong SAR, China

Non-electric bakery oven exports from Hong Kong SAR dropped significantly to X units in 2021, reducing by -X% compared with 2020. Over the period under review, exports faced a significant decline. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, non-electric bakery oven exports fell rapidly to $X in 2021. In general, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for non-electric bakery oven exports from Hong Kong SAR, accounting for a approx. X% share of total exports.

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

In value terms, China ($X) also remains the key foreign market for non-electric bakery oven exports from Hong Kong SAR.

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

Export Prices by Country

In 2021, the average non-electric bakery oven export price amounted to $X per unit, picking up by X% against the previous year. In general, the export price showed a mild expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

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.

Non-Electric Bakery Oven Imports

Imports into Hong Kong SAR, China

Non-electric bakery oven imports into Hong Kong SAR declined remarkably to X units in 2021, dropping by -X% compared with 2020 figures. Over the period under review, imports continue to indicate a noticeable contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth imports remained at a lower figure.

In value terms, non-electric bakery oven imports fell markedly to $X in 2021. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and Italy (X units) were the main suppliers of non-electric bakery oven imports to Hong Kong SAR.

From 2012 to 2021, the biggest increases were in China (with a CAGR of +X%), while purchases for the other leaders experienced a decline.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of non-electric bakery oven to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Taiwan (Chinese) totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and Italy (-X% per year).

Import Prices by Country

In 2021, the average non-electric bakery oven import price amounted to $X per unit, reducing by -X% against the previous year. In general, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, 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 2021, the most notable rate of growth in terms of prices was attained by Italy (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform