Hong Kong SAR, China: Travel Set Market 2024

Travel Set Market Size in Hong Kong SAR, China

In 2022, the Hong Kong travel set market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption showed significant growth. Travel set consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Travel Set Production in Hong Kong SAR, China

In value terms, travel set production soared to $X in 2022 estimated in export price. Over the period under review, production, however, faced a sharp descent. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

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Travel Set Exports

Exports from Hong Kong SAR, China

For the eighth year in a row, Hong Kong SAR recorded decline in overseas shipments of travel sets, which decreased by X% to X units in 2022. In general, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, travel set exports shrank significantly to $X in 2022. Over the period under review, exports recorded a significant curtailment. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for travel set exports from Hong Kong SAR, with a X% share of total exports. Moreover, travel set exports to the United States exceeded the volume sent to the second major destination, Australia (X units), threefold. Canada (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (X% per year) and Canada (X% per year).

In value terms, the United States ($X), Australia ($X) and Jordan ($X) appeared to be the largest markets for travel set exported from Hong Kong SAR worldwide, with a combined X% share of total exports.

Among the main countries of destination, Jordan, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average travel set export price amounted to $X per unit, falling by X% against the previous year. In general, export price indicated a moderate 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, travel set export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per unit in 2019; however, from 2020 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 Jordan ($X per unit), while the average price for exports to Mexico ($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 France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Travel Set Imports

Imports into Hong Kong SAR, China

After five years of decline, supplies from abroad of travel sets increased by X% to X units in 2022. In general, imports, however, faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, travel set imports surged to $X in 2022. Over the period under review, imports, however, recorded a abrupt shrinkage. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of travel set to Hong Kong SAR, with a X% share of total imports. It was followed by the United States (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of travel sets to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to X%.

Import Prices by Country

In 2022, the average travel set import price amounted to $X per unit, rising by X% against the previous year. Overall, the import price recorded a buoyant expansion. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 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 the United States ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform

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