
Hong Kong SAR, China - Parts of Boilers for Central Heating - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact
Hong Kong SAR, China: Boiler Parts Market 2022
Boiler Parts Market Size in Hong Kong SAR, China
The Hong Kong boiler parts market fell to $X in 2021, with a decrease of -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.
Boiler Parts Exports
Exports from Hong Kong SAR, China
In 2021, shipments abroad of parts of boilers for central heating increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports recorded a strong expansion. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.
In value terms, boiler parts exports skyrocketed to $X in 2021. Over the period under review, exports posted a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the near future.
Exports by Country
The United States (X tons) was the main destination for boiler parts exports from Hong Kong SAR, with a X% share of total exports. Moreover, boiler parts exports to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold.
From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +X%.
In value terms, the United States ($X) remains the key foreign market for boiler parts exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.
From 2012 to 2021, the average annual growth rate of value to the United States stood at +X%.
Export Prices by Country
In 2021, the average boiler parts export price amounted to $X per ton, growing by X% against the previous year. In general, the export price recorded buoyant growth. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.
Average prices varied somewhat for the major export markets. In 2021, the country with the highest price was China ($X per ton), while the average price for exports to the United States totaled $X per ton.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+X%).
Boiler Parts Imports
Imports into Hong Kong SAR, China
In 2021, purchases abroad of parts of boilers for central heating was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.
In value terms, boiler parts imports skyrocketed to $X in 2021. In general, imports posted a buoyant expansion. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.
Imports by Country
In 2021, China (X tons) was the main boiler parts supplier to Hong Kong SAR, accounting for a approx. X% share of total imports.
From 2012 to 2021, the average annual growth rate of volume from China stood at +X%.
In value terms, China ($X) constituted the largest supplier of boiler parts to Hong Kong SAR.
From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +X%.
Import Prices by Country
In 2021, the average boiler parts import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2017 an increase of X%. The import price peaked in 2021 and is likely to continue growth in the near future.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2021, the rate of growth in terms of prices for China amounted to +X% per year.
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the boiler parts market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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