Hong Kong SAR, China - Continuous-Action Elevators And Conveyors - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHong Kongs Import of Continuous-action Elevators and Conveyors Sees a Minor Decline to $47M in 2023
Hong Kong Elevator And Conveyor Imports
In 2023, approx. 3.7K units of continuous-action elevators and conveyors were imported into Hong Kong; waning by -20.8% compared with the year before. Over the period under review, imports saw a pronounced descent. The pace of growth appeared the most rapid in 2018 when imports increased by 59%. Over the period under review, imports attained the maximum at 6.6K units in 2019; however, from 2020 to 2023, imports failed to regain momentum.
In value terms, continuous-action elevators and conveyors imports reduced slightly to $47M (IndexBox estimates) in 2023. In general, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 50% against the previous year. Imports peaked at $51M in 2018; however, from 2019 to 2023, imports remained at a lower figure.
Elevator And Conveyor Imports By Country (Million USD)">
| COUNTRY | Import Value of Elevator And Conveyor in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 21.3 | 27.2 | 26.8 | 18.5 | 22.7 | 21.5 | 31.0 | 18.7 | 30.0 | 23.4 | 25.6 |
| Japan | 5.4 | 6.2 | 4.4 | 7.3 | 6.0 | 8.2 | 7.1 | 1.9 | 3.7 | 10.1 | 11.1 |
| Germany | 0.7 | 0.7 | 2.4 | 1.9 | 3.5 | 1.9 | 0.4 | 0.4 | 0.7 | 2.3 | 2.6 |
| Netherlands | N/A | 0.2 | 0.2 | 1.5 | 5.4 | N/A | N/A | 0.3 | 0.3 | 1.7 | 1.9 |
| South Korea | 1.1 | 0.5 | 0.7 | 0.8 | 5.8 | 5.5 | 1.7 | 3.6 | 0.7 | 0.2 | 1.6 |
| Taiwan (Chinese) | 12.5 | 1.4 | 3.6 | 0.6 | 1.8 | 2.7 | 2.1 | 1.2 | 1.4 | 0.2 | 1.0 |
| Italy | 0.6 | 0.3 | 2.1 | 2.1 | 0.1 | 1.3 | 0.8 | N/A | 0.8 | 0.8 | 0.9 |
| Malaysia | 0.6 | N/A | 0.3 | 0.6 | 2.5 | 2.1 | 0.4 | N/A | 1.1 | 4.2 | N/A |
| Others | 2.4 | 2.1 | 4.8 | 1.6 | 1.2 | 8.2 | 2.3 | 1.1 | 2.0 | 4.2 | 1.8 |
| Total | 44.5 | 38.5 | 45.3 | 35.0 | 49.2 | 51.4 | 45.8 | 27.2 | 40.6 | 47.1 | 46.6 |
Imports by Country
In 2023, China (2.8K units) constituted the largest supplier of continuous-action elevators and conveyors to Hong Kong, with a 76% share of total imports. Moreover, continuous-action elevators and conveyors imports from China exceeded the figures recorded by the second-largest supplier, Japan (470 units), sixfold. South Korea (119 units) ranked third in terms of total imports with a 3.2% share.
From 2013 to 2023, the average annual rate of growth in terms of volume from China totaled -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.9% per year) and South Korea (+8.4% per year).
In value terms, China ($26M) constituted the largest supplier of continuous-action elevators and conveyors to Hong Kong, comprising 55% of total imports. The second position in the ranking was held by Japan ($11M), with a 24% share of total imports. It was followed by Germany, with a 5.6% share.
From 2013 to 2023, the average annual growth rate of value from China amounted to +1.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.5% per year) and Germany (+14.5% per year).
Import Prices by Country
In 2023, the elevator and conveyor price amounted to $12,424 per unit (CIF, Hong Kong), with an increase of 25% against the previous year. In general, import price indicated a perceptible increase from 2013 to 2023: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, continuous-action elevators and conveyors import price increased by +78.8% against 2019 indices. The growth pace was the most rapid in 2017 an increase of 48%. As a result, import price reached the peak level of $12,519 per unit. From 2018 to 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($23,715 per unit), while the price for Singapore ($8,458 per unit) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Japan (+11.9%), while the prices for the other major suppliers experienced more modest paces of growth.
This report provides an in-depth analysis of the market for continuous-action elevators and conveyors 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 28221740 - Pneumatic elevators and conveyors
- Prodcom 28221750 - Bucket type continuous-action elevators and conveyors for goods or materials
- Prodcom 28221770 - Belt type continuous-action elevators and conveyors for goods or materials
- Prodcom 28221793 - Roller conveyors for goods or materials (excluding pneumatic elevators and conveyors, those specially designed for use underground, bucket type, belt type)
- Prodcom 28221795 - Continuous-action elevators or conveyors for goods or materials (excluding pneumatic elevators or conveyors, those designed for use underground, bucket type, belt type, roller conveyors)
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
