Hong Kong SAR, China: Ac/Dc Motor Market 2024

Ac/Dc Motor Market Size in Hong Kong SAR, China

The Hong Kong AC/DC motor market contracted remarkably to $X in 2022, which is down by X% against the previous year. In general, consumption, however, continues to indicate pronounced growth. Consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Ac/Dc Motor Production in Hong Kong SAR, China

In value terms, AC/DC motor production soared to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a sharp setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

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Ac/Dc Motor Exports

Exports from Hong Kong SAR, China

In 2022, the amount of AC/DC motors exported from Hong Kong SAR declined sharply to X units, reducing by X% on the previous year's figure. Over the period under review, exports showed a dramatic descent. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, AC/DC motor exports expanded slightly to $X in 2022. In general, exports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X%. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for AC/DC motor exports from Hong Kong SAR, with a X% share of total exports. Moreover, AC/DC motor exports to China exceeded the volume sent to the second major destination, Germany (X units), fivefold. Japan (X units) ranked third in terms of total exports with a X% share.

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

In value terms, the largest markets for AC/DC motor exported from Hong Kong SAR were China ($X), Japan ($X) and Germany ($X), together comprising X% of total exports.

Japan, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of 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 2022, the average AC/DC motor export price amounted to $X per unit, increasing by X% against the previous year. In general, the export price enjoyed a significant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

Ac/Dc Motor Imports

Imports into Hong Kong SAR, China

AC/DC motor imports into Hong Kong SAR shrank rapidly to X units in 2022, waning by X% compared with the year before. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, AC/DC motor imports dropped to $X in 2022. Overall, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of AC/DC motor to Hong Kong SAR, with a X% share of total imports. Moreover, AC/DC motor imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), twofold. The third position in this ranking was taken by Singapore (X units), with a X% share.

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

In value terms, China ($X) constituted the largest supplier of AC/DC motors to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by the Philippines ($X), with an X% share of total imports. It was followed by Singapore, with a X% share.

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

Import Prices by Country

The average AC/DC motor import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price recorded a prominent increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Singapore ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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