Hong Kong SAR, China: Printing Press Market 2024

Printing Press Market Size in Hong Kong SAR, China

The Hong Kong printing press market dropped markedly to $X in 2022, declining by X% against the previous year. Over the period under review, consumption saw a abrupt decrease. As a result, consumption reached the peak level of $X, and then fell rapidly in the following year.

Printing Press Production in Hong Kong SAR, China

In value terms, printing press production fell rapidly to $X in 2022 estimated in export price. In general, production, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. Printing press production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Printing Press Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of printing presses decreased by X% to X units, falling for the third year in a row after two years of growth. Over the period under review, exports recorded a abrupt descent. The growth pace was the most rapid in 2018 when exports increased by X%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, printing press exports dropped significantly to $X in 2022. Overall, exports continue to indicate a precipitous decrease. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

India (X units), China (X units) and the Philippines (X units) were the main destinations of printing press exports from Hong Kong SAR, with a combined X% share of total exports. Vietnam, Indonesia, the United States, Japan, Mexico, France, Cambodia, South Africa and South Korea lagged somewhat behind, together accounting for a further X%.

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

In value terms, China ($X) remains the key foreign market for printing presses exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average printing press export price stood at $X per unit in 2022, with a decrease of X% against the previous year. Over the period under review, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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

Printing Press Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of printing presses was finally on the rise to reach X units for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, showed a sharp setback. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, printing press imports plummeted to $X in 2022. Over the period under review, imports, however, recorded a precipitous decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked 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 printing press to Hong Kong SAR, with a X% share of total imports. Moreover, printing press imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), more than tenfold. Australia (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate 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 Australia (X% per year).

In value terms, China ($X) constituted the largest supplier of printing presses to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Denmark, with a X% share.

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

Import Prices by Country

In 2022, the average printing press import price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price recorded a pronounced curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 Italy ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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