Hong Kong SAR, China - Starter Motors And Dual Purpose Starter Generators - Market Analysis, Forecast, Size, Trends and Insights
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View PricingStarter Motor Price in Hong Kong SAR - 2023
Contents:
- Starter Motor Price in Hong Kong SAR (CIF) - 2022
- Starter Motor Price in Hong Kong SAR (FOB) - 2022
- Starter Motor Imports in Hong Kong SAR
- Starter Motor Exports in Hong Kong SAR
Starter Motor Price in Hong Kong SAR (CIF) - 2022
In 2022, the average starter motor import price amounted to $20 per unit, reducing by -1.6% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 36%. The import price peaked at $36 per unit in 2017; however, from 2018 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 Japan ($129 per unit), while the price for China ($12 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.5%), while the prices for the other major suppliers experienced a decline.
Starter Motor Price in Hong Kong SAR (FOB) - 2022
The average starter motor export price stood at $79 per unit in 2022, with an increase of 36% against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to see gradual growth in years to come.
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 Germany ($161 per unit), while the average price for exports to the United States ($46 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 Germany (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.
Starter Motor Imports in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of starter motors and dual purpose starter generators, when their volume decreased by -12.8% to 587K units. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 42%. As a result, imports attained the peak of 673K units, and then contracted in the following year.
In value terms, starter motor imports declined to $12M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.2% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. As a result, imports reached the peak of $13M, and then reduced in the following year.
Import of Starter Motor in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.9 | 3.5 | 8.0 | 6.3 | 49.1% |
United States | 2.0 | 1.3 | 0.7 | 1.0 | -20.6% |
Taiwan (Chinese) | 0.5 | 0.4 | 0.2 | 0.3 | -15.7% |
Others | 3.6 | 3.3 | 4.5 | 4.0 | 3.6% |
Total | 8.0 | 8.5 | 13.5 | 11.6 | 13.2% |
Top Suppliers of Starter Motor to Hong Kong SAR in 2022:
- China (513.0K units)
- United States (31.8K units)
- Taiwan (Chinese) (22.3K units)
Starter Motor Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of starter motors and dual purpose starter generators, which decreased by -54.7% to 70K units in 2022. In general, exports faced a sharp reduction. The smallest decline of -13.3% was in 2020. Over the period under review, the exports hit record highs at 208K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, starter motor exports shrank markedly to $5.5M in 2022. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. Over the period under review, the exports hit record highs at $9.3M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Starter Motor in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 1.7 | 2.7 | 3.8 | 2.1 | 7.3% |
United States | 1.4 | 2.9 | 2.4 | 1.4 | 0.0% |
Germany | 3.3 | 1.6 | 0.9 | 1.1 | -30.7% |
Taiwan (Chinese) | 1.1 | N/A | N/A | 0.2 | -43.3% |
Thailand | 0.2 | 0.2 | N/A | 0.1 | -20.6% |
Mexico | N/A | N/A | 0.8 | N/A | 0% |
Others | 1.7 | 0.6 | 1.0 | 0.7 | -25.6% |
Total | 9.3 | 8.0 | 8.9 | 5.5 | -16.1% |
Top Export Markets for Starter Motor from Hong Kong SAR in 2022:
- China (29.6K units)
- United States (29.1K units)
- Germany (6.6K units)
- Taiwan (Chinese) (1.6K units)
- Thailand (1.2K units)
This report provides an in-depth analysis of the starter motor 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 29312230 - Starter motors and dual-purpose starter-generators
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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