Hong Kong SAR, China - Static Converters - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kong Boosts November 2023 Export Revenue to $316M
Hong Kong Static Converter Exports
In November 2023, shipments abroad of static converters increased by 4.7% to 74M units, rising for the second consecutive month after two months of decline. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 with an increase of 29% against the previous month. Over the period under review, the exports attained the peak figure at 95M units in July 2023; however, from August 2023 to November 2023, the exports failed to regain momentum.
In value terms, static converter exports expanded slightly to $316M (IndexBox estimates) in November 2023. In general, exports, however, showed a slight curtailment. The growth pace was the most rapid in March 2023 with an increase of 36% against the previous month. Over the period under review, the exports attained the peak figure at 405M units in July 2023; however, from August 2023 to November 2023, the exports failed to regain momentum.
| COUNTRY | Export Value of Static Converter in Hong Kong (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| China | 144 | 158 | 99.5 | 116 | 160 | 152 | 153 | 177 | 157 | 152 | 141 | 132 | 138 |
| United States | 48.4 | 48.2 | 42.4 | 26.8 | 43.8 | 41.2 | 48.9 | 43.4 | 46.6 | 50.2 | 42.1 | 35.6 | 42.3 |
| Japan | 18.5 | 15.1 | 19.2 | 17.9 | 21.7 | 15.6 | 16.8 | 17.9 | 21.8 | 19.9 | 20.2 | 10.7 | 18.6 |
| Vietnam | 16.6 | 16.0 | 20.3 | 11.0 | 14.0 | 16.1 | 16.1 | 11.4 | 14.0 | 12.9 | 10.2 | 14.5 | 8.3 |
| Others | 173 | 123 | 146 | 111 | 145 | 144 | 148 | 148 | 166 | 131 | 116 | 110 | 109 |
| Total | 400 | 360 | 328 | 283 | 385 | 369 | 383 | 398 | 405 | 367 | 329 | 304 | 316 |
Exports by Country
China (57M units) was the main destination for static converter exports from Hong Kong, accounting for a 77% share of total exports. Moreover, static converter exports to China exceeded the volume sent to the second major destination, the United States (3.5M units), more than tenfold. Vietnam (2.2M units) ranked third in terms of total exports with a 3% share.
From November 2022 to November 2023, the average monthly growth rate of volume to China stood at +1.2%. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (+0.7% per month) and Vietnam (-6.6% per month).
In value terms, China ($138M) remains the key foreign market for static converter exports from Hong Kong, comprising 44% of total exports. The second position in the ranking was taken by the United States ($42M), with a 13% share of total exports. It was followed by Japan, with a 5.9% share.
From November 2022 to November 2023, the average monthly growth rate of value to China was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: the United States (-1.1% per month) and Japan (+0.0% per month).
Export Prices by Country
In November 2023, the static converter price stood at $4.3 per unit (FOB, Hong Kong), flattening at the previous month. Over the period under review, the export price showed a perceptible shrinkage. The most prominent rate of growth was recorded in August 2023 an increase of 18% against the previous month. Over the period under review, the average export prices reached the peak figure at $5.8 per unit in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($15.9 per unit), while the average price for exports to Thailand ($1.8 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.
This report provides an in-depth analysis of the static 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 27115023 -
- Prodcom 27115030 - Rectifiers (excluding of a kind used with telecommunication apparatus, automatic data-processing machines and units thereof)
- Prodcom 27115033 - Accumulator chargers
- Prodcom 27115035 -
- Prodcom 27115040 - Power supply units for telecommunication apparatus, a utomatic data-processing machines and units thereof
- Prodcom 27115053 - Inverters having a power handling capacity . 7,5 kVA
- Prodcom 27115055 - Inverters having a power handling capacity > 7,5 kVA
- Prodcom 27115070 - Static converters (excluding polycrystalline semiconductors, c onverters specially designed for welding, without welding equipment, accumulator chargers, rectifiers, inverters)
- Prodcom 27904130 -
- Prodcom 27904140 -
- Prodcom 27904153 -
- Prodcom 27904155 -
- Prodcom 27904170 -
- Prodcom 27904190 -
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
