Hong Kong SAR, China: Aircraft Market 2025

Aircraft Market Size in Hong Kong SAR, China

After four years of growth, the Hong Kong aircraft market decreased by -98.7% to $X in 2022. Over the period under review, consumption recorded a dramatic contraction. Over the period under review, the market attained the peak level at $X in 2021, and then declined remarkably in the following year.

Aircraft Production in Hong Kong SAR, China

In value terms, aircraft production totaled less than $X in 2022 estimated in export price. Over the period under review, production showed a dramatic descent. The most prominent rate of growth was recorded in 2015 when the production volume decreased by -17.7%. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Aircraft Exports

Exports from Hong Kong SAR, China

Aircraft exports from Hong Kong SAR shrank to X units in 2022, waning by -12.5% on the year before. In general, total exports indicated noticeable growth from 2012 to 2022: its volume 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 2022 figures, exports increased by +33.3% against 2018 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 86% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, aircraft exports surged to $X in 2022. Overall, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 2,043% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Thailand (X units), Indonesia (X units) and Guatemala (X units) were the main destinations of aircraft exports from Hong Kong SAR, together accounting for 29% of total exports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of +14.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) emerged as the key foreign market for airplanes and other aircraft exports from Hong Kong SAR, comprising 55% of total exports. The second position in the ranking was held by Thailand ($X), with an 18% share of total exports. It was followed by Brazil, with an 8.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia totaled +126.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+102.6% per year) and Brazil (+146.4% per year).

Export Prices by Country

In 2022, the average aircraft export price amounted to $X per unit, picking up by 60% against the previous year. In general, the export price saw significant growth. The growth pace was the most rapid in 2014 an increase of 1,466% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while the average price for exports to Botswana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (+166.4%), while the prices for the other major destinations experienced more modest paces of growth.

Aircraft Imports

Imports into Hong Kong SAR, China

In 2022, after four years of growth, there was significant decline in overseas purchases of airplanes and other aircraft, when their volume decreased by -98% to X units. In general, imports faced a dramatic decrease. The growth pace was the most rapid in 2019 when imports increased by 64% against the previous year. Over the period under review, imports attained the peak figure at X units in 2021, and then fell rapidly in the following year.

In value terms, aircraft imports fell rapidly to $X in 2022. Overall, imports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2016 when imports increased by 94% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main supplier of aircraft to Hong Kong SAR, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -16.4%.

In value terms, China ($X) constituted the largest supplier of airplanes and other aircraft to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from China amounted to -37.0%.

Import Prices by Country

The average aircraft import price stood at $X per unit in 2022, reducing by -27.4% against the previous year. Over the period under review, the import price faced a significant contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 18%. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -24.6% per year.

Source: IndexBox Platform

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