Hong Kong SAR, China: Radio Navigation Apparatus Market 2024

Radio Navigation Apparatus Market Size in Hong Kong SAR, China

The Hong Kong radio navigation apparatus market rose modestly to $X in 2021, increasing by 4.1% 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, however, saw a prominent expansion. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Radio Navigation Apparatus Exports

Exports from Hong Kong SAR, China

Radio navigation apparatus exports from Hong Kong SAR skyrocketed to X tons in 2021, rising by 98% on the previous year's figure. Overall, exports, however, showed a abrupt setback. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, radio navigation apparatus exports surged to $X in 2021. Over the period under review, exports, however, faced a sharp contraction. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X tons), China (X tons) and Austria (X tons) were the main destinations of radio navigation apparatus exports from Hong Kong SAR, with a combined 43% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Austria (with a CAGR of +121.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for radio navigation apparatus exported from Hong Kong SAR were the United States ($X), China ($X) and Austria ($X), with a combined 43% share of total exports.

Austria, with a CAGR of +114.8%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average radio navigation apparatus export price amounted to $X per ton, shrinking by -12.5% against the previous year. In general, the export price saw a pronounced decline. The most prominent rate of growth was recorded in 2014 an increase of 61% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Austria ($X per ton) and Indonesia ($X per ton), while the average price for exports to the Netherlands ($X per ton) and Australia ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Austria (-3.1%), while the prices for the other major destinations experienced a decline.

Radio Navigation Apparatus Imports

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of radio navigational aid apparatus increased by 6% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +32.1% against 2019 indices. The most prominent rate of growth was recorded in 2014 when imports increased by 83%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, radio navigation apparatus imports surged to $X in 2021. Over the period under review, imports, however, showed a slight contraction. The growth pace was the most rapid in 2014 when imports increased by 30%. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of radio navigation apparatus to Hong Kong SAR, with a 65% share of total imports. Moreover, radio navigation apparatus imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), fivefold. The third position in this ranking was held by Germany (X tons), with a 7.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+63.6% per year) and Germany (+50.8% per year).

In value terms, China ($X) constituted the largest supplier of radio navigational aid apparatus to Hong Kong SAR, comprising 64% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by Germany, with a 7.3% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+58.8% per year) and Germany (+46.4% per year).

Import Prices by Country

The average radio navigation apparatus import price stood at $X per ton in 2021, with an increase of 22% against the previous year. In general, the import price, however, recorded a pronounced downturn. The import price peaked at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Austria ($X per ton) and Singapore ($X per ton), while the price for China ($X per ton) and Japan ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Austria (-1.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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