Hong Kong SAR, China - Electric Soldering Irons And Guns - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectric Soldering Iron Price Drops 61% to $9.0 in Hong Kong
Hong Kong, China Electric Soldering Iron Export Price in January 2023
In January 2023, the electric soldering iron price amounted to $9.0 per unit (FOB, Hong Kong, China), declining by -61.2% against the previous month. Over the period under review, the export price, however, saw a mild increase. The pace of growth appeared the most rapid in March 2022 when the average export price increased by 164% against the previous month. The export price peaked at $23.1 per unit in December 2022, and then fell dramatically in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was China ($43.5 per unit), while the average price for exports to Japan ($3.7 per unit) was amongst the lowest.
From February 2022 to January 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.
| COUNTRY | Export Price of Electric Soldering Iron in Hong Kong, China (USD per unit) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Feb 2022 | Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | |
| China | 46.7 | 43.5 | 33.9 | 57.2 | 53.7 | 40.1 | 45.3 | 20.5 | 62.5 | 42.1 | 34.3 | 43.5 |
| Netherlands | 6.7 | 16.0 | 6.7 | 4.0 | 12.7 | 7.5 | 17.2 | 7.0 | N/A | 17.3 | 19.2 | 7.4 |
| Mexico | 7.1 | 13.1 | N/A | 69.2 | 6.0 | 6.4 | 9.7 | 14.0 | 141 | 128 | 17.9 | 6.5 |
| Spain | N/A | 33.8 | 23.1 | 5.3 | 59.8 | 39.8 | N/A | N/A | 23.2 | 21.8 | 65.2 | 6.2 |
| Sweden | 5.9 | 25.9 | 25.8 | 7.2 | 7.3 | 9.2 | 9.9 | 8.9 | 7.1 | 7.1 | N/A | 5.6 |
| United States | 6.2 | 4.9 | 4.1 | 3.5 | 3.9 | 3.2 | 4.6 | 3.7 | 4.1 | 7.0 | 2.0 | 4.8 |
| Germany | 6.9 | 46.3 | 16.3 | 9.4 | 15.0 | 5.7 | 7.1 | 4.4 | 5.2 | 12.9 | 41.4 | 4.3 |
| Japan | 3.3 | 2.9 | 17.2 | 28.4 | 3.3 | 26.3 | 5.0 | 48.1 | 36.7 | 63.2 | 72.8 | 3.7 |
| Average | 8.0 | 21.1 | 10.5 | 16.0 | 14.4 | 10.3 | 9.9 | 9.3 | 12.3 | 12.5 | 23.1 | 9.0 |
Hong Kong, China Electric Soldering Iron Exports
In January 2023, overseas shipments of electric soldering irons and guns increased by 266% to 44K units for the first time since September 2022, thus ending a three-month declining trend. In general, exports, however, showed a perceptible reduction. The exports peaked at 67K units in February 2022; however, from March 2022 to January 2023, the exports remained at a lower figure.
In value terms, electric soldering iron exports surged to $393K (IndexBox estimates) in January 2023. Overall, exports, however, continue to indicate a perceptible curtailment. Over the period under review, the exports hit record highs at 588K units in July 2022; however, from August 2022 to January 2023, the exports remained at a lower figure.
Hong Kong, China Electric Soldering Iron Exports by Country
Germany (17K units), the United States (9.4K units) and Sweden (4K units) were the main destinations of electric soldering iron exports from Hong Kong, with a combined 69% share of total exports. Spain, China, Japan, Mexico and the Netherlands lagged somewhat behind, together comprising a further 25%.
From February 2022 to January 2023, the biggest increases were in Spain (with a CAGR of +76.5%), while shipments for the other leaders experienced more modest paces of growth.
In value terms, the largest markets for electric soldering iron exported from Hong Kong were China ($123K), Germany ($71K) and the United States ($45K), together comprising 61% of total exports. Sweden, Spain, Mexico, Japan and the Netherlands lagged somewhat behind, together comprising a further 18%.
In terms of the main countries of destination, Spain, with a CAGR of +48.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the electric soldering iron 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 27903109 - Electric soldering irons and guns
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
