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Hong Kong SAR, China - Rotary Converters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kong SAR, China: Electric Rotary Converter Market 2024
Electric Rotary Converter Market Size in Hong Kong SAR, China
In 2021, the Hong Kong electric rotary converter market increased by 29% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Electric rotary converter consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.
Electric Rotary Converter Production in Hong Kong SAR, China
In value terms, electric rotary converter production stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a mild decrease. The most prominent rate of growth was recorded in 2019 with an increase of 1.4% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.
Electric Rotary Converter Exports
Exports from Hong Kong SAR, China
In 2021, shipments abroad of electric rotary converters decreased by -62.2% to X units, falling for the fourth year in a row after three years of growth. In general, exports, however, recorded prominent growth. The growth pace was the most rapid in 2015 when exports increased by 1,858%. Over the period under review, the exports attained the maximum at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.
In value terms, electric rotary converter exports fell dramatically to $X in 2021. Over the period under review, exports showed a precipitous descent. The most prominent rate of growth was recorded in 2016 with an increase of 33%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
Exports by Country
Sweden (X units) was the main destination for electric rotary converter exports from Hong Kong SAR, with a 70% share of total exports. Moreover, electric rotary converter exports to Sweden exceeded the volume sent to the second major destination, China (X units), threefold.
From 2012 to 2021, the average annual rate of growth in terms of volume to Sweden totaled +8.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+23.2% per year) and the United States (-21.4% per year).
In value terms, Sweden ($X) remains the key foreign market for electric rotary converters exports from Hong Kong SAR, comprising 69% of total exports. The second position in the ranking was taken by China ($X), with a 31% share of total exports.
From 2012 to 2021, the average annual growth rate of value to Sweden totaled -24.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-24.4% per year) and the United States (-36.7% per year).
Export Prices by Country
The average electric rotary converter export price stood at $X per unit in 2021, shrinking by -5.9% against the previous year. Overall, the export price showed a sharp setback. The most prominent rate of growth was recorded in 2020 an increase of 35%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.
Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to the United States ($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 the United States (-19.5%), while the prices for the other major destinations experienced a decline.
Electric Rotary Converter Imports
Imports into Hong Kong SAR, China
In 2021, overseas purchases of electric rotary converters decreased by -15.4% to X units, falling for the fourth year in a row after six years of growth. In general, imports, however, posted strong growth. The growth pace was the most rapid in 2013 with an increase of 281% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.
In value terms, electric rotary converter imports declined to $X in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when imports increased by 179%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.
Imports by Country
The United States (X units) and China (X units) were the main suppliers of electric rotary converter imports to Hong Kong SAR.
From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +22.7%).
In value terms, the United States ($X) constituted the largest supplier of electric rotary converters to Hong Kong SAR, comprising 81% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports.
From 2012 to 2021, the average annual growth rate of value from the United States totaled +1.8%.
Import Prices by Country
In 2021, the average electric rotary converter import price amounted to $X per unit, jumping by 15% against the previous year. In general, the import price, however, continues to indicate a drastic downturn. The growth pace was the most rapid in 2018 when the average import price increased by 65% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.
Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for China stood at $X per unit.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-4.8%).
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the electric rotary converter 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 27113270 - Rotary converters
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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