Hong Kong SAR, China: Telephonic Switching Apparatus Market 2024

Telephonic Switching Apparatus Market Size in Hong Kong SAR, China

The Hong Kong telephonic switching apparatus market declined markedly to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption continues to indicate a significant curtailment. Telephonic switching apparatus consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Telephonic Switching Apparatus Production in Hong Kong SAR, China

In value terms, telephonic switching apparatus production amounted to less than $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern.

Telephonic Switching Apparatus Exports

Exports from Hong Kong SAR, China

After three years of growth, overseas shipments of telephonic or telegraphic switching apparatus decreased by X% to X units in 2022. Overall, total exports indicated a buoyant increase from 2012 to 2022: its volume 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, exports increased by X% against 2018 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2021, and then dropped slightly in the following year.

In value terms, telephonic switching apparatus exports amounted to $X in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for telephonic switching apparatus exports from Hong Kong SAR, with a X% share of total exports. Moreover, telephonic switching apparatus exports to China exceeded the volume sent to the second major destination, the United States (X units), sevenfold. The third position in this ranking was taken by India (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and India (X% per year).

In value terms, the largest markets for telephonic switching apparatus exported from Hong Kong SAR were China ($X), the Netherlands ($X) and the United States ($X), with a combined X% share of total exports. Singapore, Japan, India, the United Arab Emirates, Taiwan (Chinese), Germany, Mexico, the UK and Vietnam lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average telephonic switching apparatus export price stood at $X per unit in 2022, surging by X% against the previous year. In general, the export price, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the 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 the Netherlands ($X per unit), while the average price for exports to China ($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 Singapore (X%), while the prices for the other major destinations experienced mixed trend patterns.

Telephonic Switching Apparatus Imports

Imports into Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in overseas purchases of telephonic or telegraphic switching apparatus, when their volume decreased by X% to X units. Overall, imports, however, saw a pronounced expansion. The pace of growth was the most pronounced in 2013 when imports increased by X%. Imports peaked at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, telephonic switching apparatus imports totaled $X in 2022. The total import value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2015 when imports increased by X%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of telephonic switching apparatus to Hong Kong SAR, accounting for a X% share of total imports. Moreover, telephonic switching apparatus imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), sevenfold. The third position in this ranking was held by Malaysia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (X% per year) and Malaysia (X% per year).

In value terms, China ($X) constituted the largest supplier of telephonic or telegraphic switching apparatus to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

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

Import Prices by Country

The average telephonic switching apparatus import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 the United States ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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