Hong Kong SAR, China - Electrical Parts Of Machinery Or Apparatus - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMachinery Electrical Parts Price in Hong Kong SAR - 2021
Contents:
- Machinery Electrical Parts Price in Hong Kong SAR (FOB) - 2022
- Machinery Electrical Parts Price in Hong Kong SAR (CIF) - 2021
- Machinery Electrical Parts Exports in Hong Kong SAR
- Machinery Electrical Parts Imports in Hong Kong SAR
Machinery Electrical Parts Price in Hong Kong SAR (FOB) - 2022
In 2022, the average machinery electrical parts export price amounted to $246,028 per ton, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2019 an increase of 18%. As a result, the export price reached the peak level of $269,070 per ton. From 2020 to 2022, the average export prices failed to regain momentum.
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 China ($268,534 per ton), while the average price for exports to the United States ($67,281 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.
Machinery Electrical Parts Price in Hong Kong SAR (CIF) - 2021
In December 2021, the average machinery electrical parts import price amounted to $99,658 per ton, jumping by 19% against the previous month. Over the period under review, the import price, however, continues to indicate a noticeable decrease. The pace of growth was the most pronounced in February 2021 an increase of 54% month-to-month. As a result, import price attained the peak level of $224K per ton. From March 2021 to December 2021, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2021, the country with the highest price was Japan ($647K per ton), while the price for China ($61,702 per ton) was amongst the lowest.
From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by China (-1.2%), while the prices for the other major suppliers experienced a decline.
Machinery Electrical Parts Exports in Hong Kong SAR
In 2022, overseas shipments of electrical parts of machinery or apparatus decreased by -3.4% to 3.8K tons, falling for the second consecutive year after two years of growth. Overall, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.4% against 2020 indices. The growth pace was the most rapid in 2020 with an increase of 60%. As a result, the exports attained the peak of 4.1K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, machinery electrical parts exports reduced to $938M in 2022. The total export value increased at an average annual rate of +11.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 30%.
Export of Machinery Electrical Parts in Hong Kong SAR (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 579 | 773 | 807 | 764 | 9.7% |
Japan | 33.3 | 17.9 | 20.6 | 22.5 | -12.3% |
Malaysia | 6.3 | 6.8 | 13.8 | 13.1 | 27.6% |
United States | 4.9 | 4.1 | 12.6 | 11.9 | 34.4% |
Taiwan (Chinese) | 11.5 | 6.7 | 8.5 | 8.3 | -10.3% |
Indonesia | 0.2 | 0.9 | 7.0 | 6.7 | 222.4% |
Others | 51.4 | 82.4 | 113 | 111 | 29.3% |
Total | 686 | 892 | 983 | 938 | 11.0% |
Top Export Markets for Machinery Electrical Parts from Hong Kong SAR in 2022:
- China (2846.6 tons)
- United States (176.8 tons)
- Malaysia (138.8 tons)
- Japan (125.8 tons)
- Indonesia (86.7 tons)
- Taiwan (Chinese) (49.4 tons)
Machinery Electrical Parts Imports in Hong Kong SAR
In 2022, overseas purchases of electrical parts of machinery or apparatus were finally on the rise to reach 7.5K tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, continue to indicate a abrupt curtailment.
In value terms, machinery electrical parts imports surged to $980M in 2022. In general, imports, however, recorded a abrupt contraction.
Import of Machinery Electrical Parts in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 638 | 569 | 438 | 551 | -4.8% |
Japan | 338 | 371 | 174 | 222 | -13.1% |
Taiwan (Chinese) | 51.2 | 46.0 | 41.5 | 52.2 | 0.6% |
United Kingdom | 8.4 | 4.6 | 1.6 | 0.8 | -54.3% |
Slovakia | 0.5 | 0.5 | 0.3 | 0.5 | 0.0% |
Others | 179 | 189 | 125 | 153 | -5.1% |
Total | 1,215 | 1,180 | 780 | 980 | -6.9% |
Top Suppliers of Machinery Electrical Parts to Hong Kong SAR in 2022:
- China (6.3K tons)
- Taiwan (Chinese) (0.4K tons)
- Slovakia (0.4K tons)
- Japan (0.2K tons)
- United Kingdom (0.1K tons)
This report provides an in-depth analysis of the machinery electrical parts 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 27903390 - Electrical parts of machinery or apparatus, n.e.c.
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
This report provides an in-depth analysis of the machinery electrical parts market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global machinery electrical parts market.
This report provides an in-depth analysis of the machinery electrical parts market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global machinery electrical parts market.
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