Hong Kong SAR, China - Network Communications Equipment - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHong Kong Sees Significant Increase in Network Communications Equipment Exports, Hitting $12.5 Billion in 2023
Hong Kong Network Communications Equipment Exports
In 2023, overseas shipments of network communications equipment decreased by -2.6% to 20M units, falling for the second year in a row after two years of growth. Over the period under review, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2021 when exports increased by 33% against the previous year. As a result, the exports attained the peak of 30M units. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.
In value terms, network communications equipment exports rose significantly to $12.5B (IndexBox estimates) in 2023. Overall, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 61%. The exports peaked in 2023 and are likely to continue growth in years to come.
| COUNTRY | Export Value of Network Communications Equipment in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 318 | 450 | 425 | 515 | 737 | 1,045 | 1,581 | 2,202 | 3,528 | 2,892 | 3,196 |
| Taiwan (Chinese) | 55.6 | 86.0 | 92.3 | 48.2 | 91.5 | 131 | 163 | 531 | 1,393 | 2,280 | 2,520 |
| United States | 352 | 458 | 432 | 512 | 654 | 818 | 793 | 1,905 | 2,156 | 2,216 | 2,449 |
| Netherlands | 66.8 | 62.6 | 26.1 | 61.1 | 99.8 | 123 | 138 | 170 | 261 | 450 | 497 |
| Germany | 193 | 167 | 162 | 219 | 284 | 266 | 384 | 337 | 416 | 397 | 439 |
| South Korea | 89.5 | 89.9 | 89.4 | 132 | 344 | 365 | 308 | 321 | 435 | 267 | 371 |
| Japan | 86.7 | 85.6 | 94.4 | 103 | 116 | 179 | 218 | 229 | 326 | 241 | 289 |
| Others | 422 | 486 | 512 | 664 | 1,100 | 1,204 | 1,242 | 1,461 | 3,028 | 2,361 | 2,783 |
| Total | 1,584 | 1,884 | 1,833 | 2,255 | 3,426 | 4,131 | 4,826 | 7,157 | 11,545 | 11,105 | 12,543 |
Exports by Country
China (5.4M units) was the main destination for network communications equipment exports from Hong Kong, accounting for a 27% share of total exports. Moreover, network communications equipment exports to China exceeded the volume sent to the second major destination, the United States (2.4M units), twofold. The third position in this ranking was held by Japan (1.5M units), with a 7.5% share.
From 2013 to 2023, the average annual growth rate of volume to China stood at -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-8.9% per year) and Japan (+3.3% per year).
In value terms, China ($3.2B), Taiwan (Chinese) ($2.5B) and the United States ($2.4B) appeared to be the largest markets for network communications equipment exported from Hong Kong worldwide, with a combined 65% share of total exports.
In terms of the main countries of destination, Taiwan (Chinese), with a CAGR of +46.4%, recorded the highest rates of growth with regard to 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 2023, the network communications equipment price amounted to $612 per unit (FOB, Hong Kong), jumping by 16% against the previous year. Over the period under review, the export price recorded significant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 44%. Over the period under review, the average export prices reached the maximum in 2023 and is expected to retain growth in the near future.
There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($2,987 per unit), while the average price for exports to Indonesia ($34 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+43.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the network communications equipment 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 26122000 - Network communications equipment (e.g. hubs, routers, g ateways) for LANs and WANs and sound, video, network and similar cards for automatic data processing machines
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
