Hong Kong SAR, China: Non-Electric Pulley Tackle Market 2024

Non-Electric Pulley Tackle Market Size in Hong Kong SAR, China

The Hong Kong non-electric pulley tackle market fell to $X in 2022, waning by 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). Over the period under review, consumption showed a slight setback. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Non-Electric Pulley Tackle Exports

Exports from Hong Kong SAR, China

In 2022, the amount of pulley tackle and hoists, non-powered by electric motor exported from Hong Kong SAR declined remarkably to X units, shrinking by X% on 2021 figures. Over the period under review, exports faced a abrupt decrease. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, non-electric pulley tackle exports reduced notably to $X in 2022. Overall, exports showed a abrupt setback. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for non-electric pulley tackle exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, non-electric pulley tackle exports to China exceeded the volume sent to the second major destination, Italy (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Singapore (X% per year).

In value terms, China ($X) remains the key foreign market for pulley tackle and hoists, non-powered by electric motor exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Italy ($X), with a X% share of total exports.

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

Export Prices by Country

In 2022, the average non-electric pulley tackle export price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the export price, however, saw a modest expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the average export prices remained at a 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 Singapore ($X per unit), while the average price for exports to Italy ($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 Egypt (X%), while the prices for the other major destinations experienced more modest paces of growth.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Non-Electric Pulley Tackle Imports

Imports into Hong Kong SAR, China

In 2022, the amount of pulley tackle and hoists, non-powered by electric motor imported into Hong Kong SAR fell to X units, dropping by X% on the year before. Over the period under review, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, non-electric pulley tackle imports declined significantly to $X in 2022. Overall, imports showed a mild shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Japan (X units) constituted the largest non-electric pulley tackle supplier to Hong Kong SAR, with a X% share of total imports. Moreover, non-electric pulley tackle imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), twofold.

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

In value terms, Japan ($X) constituted the largest supplier of pulley tackle and hoists, non-powered by electric motor to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average non-electric pulley tackle import price amounted to $X per unit, almost unchanged from the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price 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, non-electric pulley tackle import price increased by X% against 2012 indices. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then fell slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($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