Hong Kong SAR, China - Domestic Electric Coffee Or Tea Makers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDomestic Coffee Machine Price in Hong Kong SAR - 2023
Contents:
- Domestic Coffee Machine Price in Hong Kong SAR (FOB) - 2023
- Domestic Coffee Machine Price in Hong Kong SAR (CIF) - 2023
- Domestic Coffee Machine Exports in Hong Kong SAR
- Domestic Coffee Machine Imports in Hong Kong SAR
Domestic Coffee Machine Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average domestic coffee machine export price amounted to $92.0 per unit, growing by 7.5% against the previous month. Overall, the export price, however, showed a perceptible shrinkage. The pace of growth appeared the most rapid in September 2022 an increase of 45% against the previous month. Over the period under review, the average export prices attained the maximum at $185 per unit in November 2022; however, from December 2022 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($211 per unit), while the average price for exports to Canada ($14.3 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.7%), while the prices for the other major destinations experienced a decline.
Domestic Coffee Machine Price in Hong Kong SAR (CIF) - 2023
The average domestic coffee machine import price stood at $87.0 per unit in June 2023, with an increase of 79% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2022 when the average import price increased by 204% month-to-month. Over the period under review, average import prices attained the maximum at $179 per unit in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($1,199 per unit), while the price for China totaled $81.8 per unit.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Germany (+17.6%).
Domestic Coffee Machine Exports in Hong Kong SAR
In 2022, exports of domestic electric coffee or tea makers from Hong Kong SAR dropped sharply to 982K units, shrinking by -70.2% against the previous year. Overall, exports showed a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 84% against the previous year. As a result, the exports reached the peak of 3.3M units, and then declined markedly in the following year.
In value terms, domestic coffee machine exports contracted markedly to $92M in 2022. In general, exports showed a sharp reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 44% against the previous year. As a result, the exports attained the peak of $250M, and then declined sharply in the following year.
Export of Domestic Coffee Machine in Hong Kong SAR (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 67.4 | 59.9 | 76.5 | 37.6 | -17.7% |
China | 8.8 | 14.6 | 31.6 | 23.9 | 39.5% |
Australia | 19.7 | 23.7 | 36.0 | 9.1 | -22.7% |
Czech Republic | 21.6 | 17.4 | 25.8 | 6.1 | -34.4% |
Japan | 29.2 | 18.8 | 19.4 | 4.0 | -48.5% |
Canada | 14.1 | 11.2 | 16.5 | 1.9 | -48.7% |
Brazil | 0.1 | 0.4 | 2.1 | 0.7 | 91.3% |
Mexico | 2.6 | 0.8 | 1.8 | 0.6 | -38.7% |
United Kingdom | 16.8 | 9.7 | 0.3 | 0.1 | -81.9% |
Others | 13.8 | 17.3 | 39.6 | 8.2 | -15.9% |
Total | 194 | 174 | 250 | 92.2 | -22.0% |
Top Export Markets for Domestic Coffee Machine from Hong Kong SAR in 2022:
- United States (444.1K units)
- China (246.2K units)
- Japan (67.2K units)
- Australia (50.6K units)
- Czech Republic (34.5K units)
- Canada (32.5K units)
- Brazil (22.0K units)
- Mexico (21.1K units)
- United Kingdom (0.8K units)
Domestic Coffee Machine Imports in Hong Kong SAR
In 2022, the amount of domestic electric coffee or tea makers imported into Hong Kong SAR shrank significantly to 823K units, which is down by -76% compared with the year before. Overall, imports showed a precipitous curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 63%. As a result, imports attained the peak of 3.4M units, and then declined notably in the following year.
In value terms, domestic coffee machine imports contracted markedly to $65M in 2022. In general, imports saw a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 33%. As a result, imports attained the peak of $229M, and then fell dramatically in the following year.
Import of Domestic Coffee Machine in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 181 | 165 | 219 | 55.2 | -32.7% |
Germany | 1.3 | 0.9 | 1.8 | 3.9 | 44.2% |
Others | 8.6 | 6.3 | 8.5 | 5.6 | -13.3% |
Total | 191 | 172 | 229 | 64.8 | -30.3% |
Top Suppliers of Domestic Coffee Machine to Hong Kong SAR in 2022:
- China (754.6K units)
- Germany (30.3K units)
This report provides an in-depth analysis of the domestic coffee machine market 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 27512430 - Domestic electric coffee or tea makers (including percolators)
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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