Report Hong Kong SAR, China - Vacuum Cleaners - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Oct 30, 2022

Hong Kong SAR, China - Vacuum Cleaners - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Market for Vacuum Cleaners With Motor 2022

Market Size for Vacuum Cleaners With Motor in Hong Kong SAR, China

In 2021, the Hong Kong vacuum cleaner with motor market increased by 20% to $X, rising for the second year in a row after six years of decline. Overall, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2021, the growth of the market remained at a lower figure.

Production of Vacuum Cleaners With Motor in Hong Kong SAR, China

In value terms, vacuum cleaner with motor production shrank notably to $X in 2021 estimated in export price. Overall, production showed a significant increase. The pace of growth was the most pronounced in 2017 when the production volume increased by 15,033% against the previous year. Vacuum cleaner with motor production peaked at $X in 2020, and then reduced notably in the following year.

Exports of Vacuum Cleaners With Motor

Exports from Hong Kong SAR, China

In 2021, shipments abroad of vacuum cleaners with motor increased by 14% to X tons, rising for the fifth year in a row after two years of decline. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2017 when exports increased by 368% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, vacuum cleaner with motor exports skyrocketed to $X in 2021. Overall, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2017 when exports increased by 472% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

Russia (X tons), Turkey (X tons) and the United States (X tons) were the main destinations of vacuum cleaner with motor exports from Hong Kong SAR, with a combined 59% share of total exports. These countries were followed by Japan, the United Arab Emirates, Germany, Poland, the Netherlands, China, Australia, Sweden, Ukraine, Greece, the UK and Hungary, which together accounted for a further 48%.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +202.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United States ($X) and Japan ($X) constituted the largest markets for vacuum cleaner with motor exported from Hong Kong SAR worldwide, together comprising 52% of total exports. These countries were followed by China, Russia, the United Arab Emirates, Germany, Poland, the Netherlands, Australia, Sweden, Ukraine, Hungary, Greece and the UK, which together accounted for a further 46%.

China, with a CAGR of +209.8%, recorded the highest rates of growth with regard to 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 2021, the average vacuum cleaner with motor export price amounted to $X per ton, picking up by 6.2% against the previous year. In general, the export price posted buoyant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 26% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+13.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Vacuum Cleaners With Motor

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of vacuum cleaners with motor increased by 15% to X tons, rising for the fifth consecutive year after three years of decline. Over the period under review, imports recorded a strong increase. The pace of growth was the most pronounced in 2013 when imports increased by 153%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, vacuum cleaner with motor imports surged to $X in 2021. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 242%. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, China (X tons) constituted the largest vacuum cleaner with motor supplier to Hong Kong SAR, accounting for a 74% share of total imports. Moreover, vacuum cleaner with motor imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+45.3% per year) and the United States (+14.9% per year).

In value terms, China ($X) constituted the largest supplier of vacuum cleaner with motor to Hong Kong SAR, comprising 74% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 14% share of total imports. It was followed by the United States, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+57.5% per year) and the United States (+24.8% per year).

Import Prices by Country

In 2021, the average vacuum cleaner with motor import price amounted to $X per ton, surging by 14% against the previous year. Overall, import price indicated a prominent expansion from 2012 to 2021: its price increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, vacuum cleaner with motor import price increased by +62.4% against 2015 indices. The pace of growth appeared the most rapid in 2013 an increase of 35%. The import price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Malaysia ($X per ton) and the United Arab Emirates ($X per ton), while the price for Germany ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for vacuum cleaners with motor in the world?
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The country with the largest volume of vacuum cleaner with motor consumption was China, comprising approx. 24% of total volume. Moreover, vacuum cleaner with motor consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was held by Japan, with a 5.4% share.
What are the largest producers of vacuum cleaners with motor in the world?
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China remains the largest vacuum cleaner with motor producing country worldwide, comprising approx. 62% of total volume. Moreover, vacuum cleaner with motor production in China exceeded the figures recorded by the second-largest producer, Malaysia, more than tenfold. The United States ranked third in terms of total production with a 4.5% share.
What are the leading suppliers of vacuum cleaners with motor to Hong Kong SAR, China?
+
In value terms, China constituted the largest supplier of vacuum cleaner with motor to Hong Kong SAR, comprising 74% of total imports. The second position in the ranking was taken by Malaysia, with a 14% share of total imports. It was followed by the United States, with a 2.9% share.
What are the leading importers of vacuum cleaners with motor from Hong Kong SAR, China?
+
In value terms, Turkey, the United States and Japan constituted the largest markets for vacuum cleaner with motor exported from Hong Kong SAR worldwide, together accounting for 52% of total exports. China, Russia, the United Arab Emirates, Germany, Poland, the Netherlands, Australia, Sweden, Ukraine, Hungary, Greece and the UK lagged somewhat behind, together accounting for a further 46%.
What is the average export price for vacuum cleaners with motor in Hong Kong SAR, China?
+
The average vacuum cleaner with motor export price stood at $16,846 per ton in 2021, with an increase of 6.2% against the previous year.
What is the average import price for vacuum cleaners with motor in Hong Kong SAR, China?
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The average vacuum cleaner with motor import price stood at $19,270 per ton in 2021, rising by 14% against the previous year.

This report provides an in-depth analysis of the market for vacuum cleaner with motor in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
• Prodcom 27512123 - Vacuum cleaners with a self-contained electric motor of a power . 1 .500 W and having a dust bag or other receptable capacity . .20 l
• Prodcom 27512125 - Other vacuum cleaners with a self-contained electric motor
Country coverage:
• Hong Kong SAR

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hong Kong SAR, China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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