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Hong Kong SAR, China - Industrial Automatic Sewing Machines - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Industrial Automatic Sewing Machines - Market Analysis, Forecast, Size, Trends And Insights

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Aug 28, 2023

Price of Industrial Automatic Sewing Machines in Hong Kong's Increases by 116% to $2,365 per Unit

Hong Kong Industrial Automatic Sewing Machine Import Price in May 2023

In May 2023, the industrial automatic sewing machine price stood at $2,365 per unit (CIF, Hong Kong), growing by 116% against the previous month. Over the period under review, the import price showed a pronounced increase. Over the period under review, average import prices reached the maximum at $3,203 per unit in January 2023; however, from February 2023 to May 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Japan ($17,981 per unit), while the price for Singapore ($739 per unit) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Japan (+22.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Hong Kong Industrial Automatic Sewing Machine Import Prices By Country (USD Per Unit)
COUNTRYImport Price of Industrial Automatic Sewing Machine in Hong Kong (USD per unit)
May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023
Japan1,6001,1424,0261,2391,6616,13223,4981,272N/A1,4631,9411,58717,981
Vietnam1,3521,9991,0171,2571,312N/A1,1564,3511,4138091,0871,0442,496
China1,3413881,5531,0991,3141,5918,2671,6396,7833,3516,423362888
Singapore5511,1837304762,5516985102,583N/A424N/A549739
Average1,3948611,2031,2021,5152,0391,2622,5723,2031,1751,8281,0942,365

Hong Kong Industrial Automatic Sewing Machine Imports

In May 2023, the amount of industrial automatic sewing machines imported into Hong Kong declined dramatically to 179 units, with a decrease of -57.4% compared with the previous month. Overall, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in February 2023 with an increase of 2,833% against the previous month. Imports peaked at 1.1K units in June 2022; however, from July 2022 to May 2023, imports failed to regain momentum.

In value terms, industrial automatic sewing machine imports dropped to $423K (IndexBox estimates) in May 2023. Over the period under review, imports recorded a abrupt decline. The growth pace was the most rapid in February 2023 with an increase of 976% m-o-m. Over the period under review, imports attained the maximum at 1.6M units in October 2022; however, from November 2022 to May 2023, imports failed to regain momentum.

Hong Kong Industrial Automatic Sewing Machine Imports by Country

In May 2023, Singapore (112 units) constituted the largest supplier of industrial automatic sewing machine to Hong Kong, with a 63% share of total imports. Moreover, industrial automatic sewing machine imports from Singapore exceeded the figures recorded by the second-largest supplier, China (27 units), fourfold. The third position in this ranking was taken by Vietnam (26 units), with a 15% share.

From May 2022 to May 2023, the average monthly growth rate of volume from Singapore stood at -1.8%. The remaining supplying countries recorded the following average monthly rates of imports growth: China (+5.0% per month) and Vietnam (-19.2% per month).

In value terms, Japan ($252K) constituted the largest supplier of industrial automatic sewing machine to Hong Kong, comprising 59% of total imports. The second position in the ranking was taken by Singapore ($83K), with a 20% share of total imports. It was followed by Vietnam, with a 15% share.

From May 2022 to May 2023, the average monthly growth rate of value from Japan totaled +5.6%. The remaining supplying countries recorded the following average monthly rates of imports growth: Singapore (+0.7% per month) and Vietnam (-15.0% per month).

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for industrial automatic sewing machine 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 28942430 - Industrial automatic sewing machines (excluding book-sewing machines)

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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