Hong Kong SAR, China: Vehicle Windscreen Wiper Market 2024

Vehicle Windscreen Wiper Market Size in Hong Kong SAR, China

The Hong Kong vehicle windscreen wiper market totaled $X in 2022, picking up by X% against the previous year. Overall, consumption, however, continues to indicate a slight shrinkage. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Vehicle Windscreen Wiper Production in Hong Kong SAR, China

In value terms, vehicle windscreen wiper production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

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Vehicle Windscreen Wiper Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles increased by X% to X units, rising for the second consecutive year after six years of decline. Overall, exports posted a prominent expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, vehicle windscreen wiper exports skyrocketed to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The pace of growth was the most pronounced in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for vehicle windscreen wiper exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, vehicle windscreen wiper exports to China exceeded the volume sent to the second major destination, the United Arab Emirates (X units), eightfold.

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

In value terms, China ($X) remains the key foreign market for windscreen wipers, defrosters and demisters for motorcycles or motor vehicles exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

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

Export Prices by Country

The average vehicle windscreen wiper export price stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to the United States ($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 the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Vehicle Windscreen Wiper Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of windscreen wipers, defrosters and demisters for motorcycles or motor vehicles increased by X% to X units, rising for the third consecutive year after three years of decline. Over the period under review, imports, however, faced a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, vehicle windscreen wiper imports surged to $X in 2022. Overall, imports, however, recorded a abrupt decline. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of vehicle windscreen wiper to Hong Kong SAR, accounting for a X% share of total imports. Moreover, vehicle windscreen wiper imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), threefold. The third position in this ranking was held by the UK (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: Singapore (X% per year) and the UK (X% per year).

In value terms, the largest vehicle windscreen wiper suppliers to Hong Kong SAR were Singapore ($X), the UK ($X) and China ($X), with a combined X% share of total imports.

Singapore, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average vehicle windscreen wiper import price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the import price enjoyed strong growth. The most prominent rate of growth was recorded in 2015 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($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 UK (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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