Hong Kong SAR, China - Electrical Capacitors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCapacitor Exports From Hong Kong Fall Significantly to $4.6B in 2023
Hong Kong Capacitor Exports
In 2023, overseas shipments of electrical capacitors decreased by -25.5% to 36M units for the first time since 2019, thus ending a three-year rising trend. In general, exports saw a noticeable downturn. The most prominent rate of growth was recorded in 2020 with an increase of 13%. Over the period under review, the exports reached the peak figure at 60M units in 2014; however, from 2015 to 2023, the exports failed to regain momentum.
In value terms, capacitor exports dropped dramatically to $4.6B (IndexBox estimates) in 2023. Overall, total exports indicated tangible growth from 2013 to 2023: its value increased at an average annual rate of +2.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, exports decreased by -29.3% against 2021 indices. The growth pace was the most rapid in 2018 when exports increased by 54%. As a result, the exports reached the peak of $6.6B. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.
| COUNTRY | Export Value of Capacitor in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 2,883 | 3,113 | 3,183 | 3,302 | 3,450 | 5,265 | 3,767 | 4,661 | 5,170 | 4,094 | 3,410 |
| Vietnam | 37.1 | 96.4 | 51.2 | 86.6 | 143 | 158 | 159 | 202 | 223 | 247 | 206 |
| India | 25.9 | 28.9 | 24.3 | 26.1 | 40.9 | 81.8 | 136 | 117 | 167 | 178 | 197 |
| South Korea | 151 | 111 | 108 | 93.3 | 121 | 171 | 129 | 104 | 136 | 107 | 109 |
| Singapore | 111 | 91.1 | 82.0 | 86.8 | 97.8 | 120 | 90.2 | 86.7 | 111 | 134 | 105 |
| Taiwan (Chinese) | 63.5 | 75.5 | 52.1 | 54.3 | 59.6 | 124 | 94.0 | 88.8 | 147 | 115 | 103 |
| Thailand | 43.3 | 43.6 | 41.2 | 39.1 | 39.7 | 86.1 | 42.2 | 41.1 | 72.7 | 82.7 | 84.5 |
| United States | 94.9 | 99.4 | 73.7 | 69.4 | 77.6 | 151 | 94.3 | 74.0 | 89.8 | 121 | 75.7 |
| Others | 263 | 270 | 236 | 228 | 280 | 479 | 337 | 272 | 416 | 437 | 329 |
| Total | 3,672 | 3,929 | 3,851 | 3,986 | 4,310 | 6,635 | 4,849 | 5,646 | 6,533 | 5,515 | 4,620 |
Exports by Country
China (25M units) was the main destination for capacitor exports from Hong Kong, accounting for a 70% share of total exports. Moreover, capacitor exports to China exceeded the volume sent to the second major destination, India (1.8M units), more than tenfold. Vietnam (1.4M units) ranked third in terms of total exports with a 3.9% share.
From 2013 to 2023, the average annual growth rate of volume to China totaled -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+16.0% per year) and Vietnam (+6.4% per year).
In value terms, China ($3.4B) remains the key foreign market for electrical capacitors exports from Hong Kong, comprising 74% of total exports. The second position in the ranking was held by Vietnam ($206M), with a 4.5% share of total exports. It was followed by India, with a 4.3% share.
From 2013 to 2023, the average annual rate of growth in terms of value to China stood at +1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+18.7% per year) and India (+22.5% per year).
Exports by Type
Electrical capacitors; fixed, aluminium electrolytic (16M units), electrical capacitors; fixed, ceramic dielectric, multilayer (11M units) and electrical capacitors; fixed, dielectric of paper or plastics (5.7M units) were the main products of capacitor exports from Hong Kong, with a combined 92% share of total exports. Electrical capacitors; fixed, n.e.s. in heading no. 8532, electrical capacitors; fixed, tantalum, electrical capacitors; fixed, ceramic dielectric, single layer, electrical capacitors; fixed, designed for use in 50/60 hz circuits and having a reactive power handling capacity of not less than 0.5 kVAr (power capacitors) and variable capacitors lagged somewhat behind, together accounting for a further 7.7%.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by electrical capacitors; fixed, designed for use in 50/60 hz circuits and having a reactive power handling capacity of not less than 0.5 kVAr (power capacitors) (with a CAGR of +8.7%), while the other products experienced mixed trend patterns.
In value terms, electrical capacitors; fixed, ceramic dielectric, multilayer ($2.9B) remains the largest type of electrical capacitors exported from Hong Kong, comprising 63% of total exports. The second position in the ranking was held by electrical capacitors; fixed, aluminium electrolytic ($748M), with a 16% share of total exports. It was followed by electrical capacitors; fixed, tantalum, with a 9.1% share.
From 2013 to 2023, the average annual growth rate of the value of electrical capacitors; fixed, ceramic dielectric, multilayer exports totaled +6.2%. With regard to the other exported products, the following average annual rates of growth were recorded: electrical capacitors; fixed, aluminium electrolytic (-1.1% per year) and electrical capacitors; fixed, tantalum (+0.4% per year).
Export Prices by Country
In 2023, the capacitor price stood at $130 per unit (FOB, Hong Kong), rising by 12% against the previous year. Overall, the export price recorded resilient growth. The pace of growth was the most pronounced in 2018 an increase of 50% against the previous year. As a result, the export price attained the peak level of $151 per unit. From 2019 to 2023, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($147 per unit), while the average price for exports to Mexico ($79 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 Vietnam (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the capacitor 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 27905100 - Fixed power capacitors with a power handling capacity of > 0,5 kvar
- Prodcom 27905220 - Fixed electrical capacitors, tantalum or aluminium electrolytic (excluding power capacitors)
- Prodcom 27905240 - Other fixed electrical capacitors n.e.c.
- Prodcom 27905300 - Variable capacitors (including pre-sets)
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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
