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Hong Kong SAR, China - Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kong SAR, China: Market for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles 2024
Market Size for Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Hong Kong SAR, China
The Hong Kong market for road-sweepers, mobile workshops and other special purpose vehicles soared to $X in 2021, growing by 44% against the previous year. Over the period under review, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked in 2021 and is likely to see steady growth in the near future.
Production of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles in Hong Kong SAR, China
In value terms, production of road-sweepers, mobile workshops and other special purpose vehicles expanded markedly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +5.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 71% against the previous year. Production of peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.
Exports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles
Exports from Hong Kong SAR, China
In 2021, overseas shipments of road-sweepers, mobile workshops and other special purpose vehicles decreased by -74.1% to X units, falling for the second consecutive year after two years of growth. In general, exports saw a deep reduction. The most prominent rate of growth was recorded in 2018 with an increase of 200%. Over the period under review, the exports of reached the maximum at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.
In value terms, exports of road-sweepers, mobile workshops and other special purpose vehicles declined significantly to $X in 2021. Over the period under review, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2019 with an increase of 169% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports of failed to regain momentum.
Exports by Country
Macao SAR (X units) was the main destination for exports of road-sweepers, mobile workshops and other special purpose vehicles from Hong Kong SAR, accounting for a 71% share of total exports. Moreover, exports of road-sweepers, mobile workshops and other special purpose vehicles to Macao SAR exceeded the volume sent to the second major destination, Japan (X units), fivefold.
From 2012 to 2021, the average annual growth rate of volume to Macao SAR totaled +2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (0.0% per year) and China (-19.4% per year).
In value terms, Macao SAR ($X) emerged as the key foreign market for road-sweepers, mobile workshops and other special purpose vehicles exports from Hong Kong SAR, comprising 75% of total exports. The second position in the ranking was taken by Japan ($X), with a 16% share of total exports.
From 2012 to 2021, the average annual growth rate of value to Macao SAR amounted to -2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (0.0% per year) and China (-19.8% per year).
Export Prices by Country
The average export price for road-sweepers, mobile workshops and other special purpose vehicles stood at $X per unit in 2021, with an increase of 3.8% against the previous year. In general, the export price showed a modest increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 106%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+49.8%), while the prices for the other major destinations experienced a decline.
Imports of Road-Sweepers, Mobile Workshops and Other Special Purpose Vehicles
Imports into Hong Kong SAR, China
In 2021, imports of road-sweepers, mobile workshops and other special purpose vehicles into Hong Kong SAR surged to X units, increasing by 104% on the year before. In general, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of road-sweepers, mobile workshops and other special purpose vehicles surged to $X in 2021. Overall, imports saw a remarkable increase. The pace of growth was the most pronounced in 2017 with an increase of 133%. Over the period under review, imports of attained the peak figure in 2021 and are expected to retain growth in years to come.
Imports by Country
In 2021, China (X units) constituted the largest supplier of road-sweepers, mobile workshops and other special purpose vehicles to Hong Kong SAR, accounting for a 69% share of total imports. Moreover, imports of road-sweepers, mobile workshops and other special purpose vehicles from China exceeded the figures recorded by the second-largest supplier, the UK (X units), threefold. The third position in this ranking was taken by Singapore (X units), with a 3.7% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +27.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+41.3% per year) and Singapore (+16.7% per year).
In value terms, the largest road-sweepers, mobile workshops and other special purpose vehicles suppliers to Hong Kong SAR were China ($X), the UK ($X) and Canada ($X), with a combined 84% share of total imports.
The UK, with a CAGR of +53.9%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2021, the average import price for road-sweepers, mobile workshops and other special purpose vehicles amounted to $X per unit, waning by -6.4% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 47% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the market for road-sweepers, mobile workshops and other special purpose vehicles 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 29105990 - Other special-purpose motor vehicles 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
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