Hong Kong SAR, China: Market for Parts Of Apparatus Of Hs 2024

Market Size for Parts Of Apparatus Of Hs in Hong Kong SAR, China

The Hong Kong market for parts of apparatus of hs dropped notably to $X in 2021, waning by -16.5% against the previous year. In general, consumption, however, posted a prominent increase. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Parts Of Apparatus Of Hs in Hong Kong SAR, China

In value terms, parts of apparatus of hs production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a sharp downturn. The pace of growth was the most pronounced in 2019 with an increase of 171% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

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Exports of Parts Of Apparatus Of Hs

Exports from Hong Kong SAR, China

In 2021, overseas shipments of parts of apparatus of hs were finally on the rise to reach X units after three years of decline. In general, exports, however, showed a perceptible descent. The pace of growth was the most pronounced in 2017 when exports increased by 6,152%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, parts of apparatus of hs exports totaled $X in 2021. The total export value increased at an average annual rate of +1.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for parts of apparatus of hs exports from Hong Kong SAR, accounting for a 40% share of total exports. Moreover, parts of apparatus of hs exports to China exceeded the volume sent to the second major destination, the United States (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with a 6.7% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at -9.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-10.9% per year) and the Netherlands (-2.6% per year).

In value terms, China ($X) remains the key foreign market for parts of apparatus of hs exports from Hong Kong SAR, comprising 36% of total exports. The second position in the ranking was taken by the United States ($X), with a 15% share of total exports. It was followed by Japan, with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-1.3% per year) and Japan (+0.0% per year).

Export Prices by Country

In 2021, the average export price for parts of apparatus of hs amounted to $X per unit, with a decrease of -6.2% against the previous year. Overall, the export price, however, showed resilient growth. The pace of growth was the most pronounced in 2015 when the average export price increased by 3,147% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+24.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Parts Of Apparatus Of Hs

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of parts of apparatus of hs increased by 11% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2013 when imports increased by 44,177% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, parts of apparatus of hs imports expanded sharply to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 16%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of parts of apparatus of hs to Hong Kong SAR, with a 85% share of total imports. Moreover, parts of apparatus of hs imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. The third position in this ranking was held by Vietnam (X units), with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+6.0% per year) and Vietnam (-4.9% per year).

In value terms, China ($X) constituted the largest supplier of parts of apparatus of hs to Hong Kong SAR, comprising 74% of total imports. The second position in the ranking was held by Malaysia ($X), with an 8.6% share of total imports. It was followed by Vietnam, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+17.2% per year) and Vietnam (-2.1% per year).

Import Prices by Country

The average import price for parts of apparatus of hs stood at $X per unit in 2021, dropping by -3.2% against the previous year. In general, the import price recorded a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, 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 Malaysia ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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