Report Update Nov 1, 2024

Hong Kong SAR, China - Bending or Assembling Machines - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Wood Bending Machine Market 2024

Wood Bending Machine Market Size in Hong Kong SAR, China

The Hong Kong wood bending machine market fell to $X in 2021, with a decrease of -6% against the previous year. In general, consumption continues to indicate a abrupt slump. Wood bending machine consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Wood Bending Machine Production in Hong Kong SAR, China

In value terms, wood bending machine production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 5.5% against the previous year. Wood bending machine production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Wood Bending Machine Exports

Exports from Hong Kong SAR, China

In 2021, approx. X units of bending or assembling machines were exported from Hong Kong SAR; declining by -63.6% against the previous year's figure. Overall, exports showed a significant decrease. The most prominent rate of growth was recorded in 2019 with an increase of 2,450% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, wood bending machine exports shrank significantly to $X in 2021. Over the period under review, exports showed a sharp downturn. The pace of growth appeared the most rapid in 2019 when exports increased by 2,108%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for wood bending machine exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China stood at -32.8%.

In value terms, China ($X) also remains the key foreign market for bending or assembling machines exports from Hong Kong SAR.

From 2012 to 2021, the average annual growth rate of value to China totaled -40.3%.

Export Prices by Country

The average wood bending machine export price stood at $X per unit in 2021, shrinking by -35.3% against the previous year. Over the period under review, the export price showed a deep contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 137% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -10.5% per year.

Wood Bending Machine Imports

Imports into Hong Kong SAR, China

In 2021, the amount of bending or assembling machines imported into Hong Kong SAR dropped dramatically to X units, which is down by -97.1% compared with the previous year. Over the period under review, imports saw a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 1,067% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, wood bending machine imports contracted notably to $X in 2021. Overall, imports continue to indicate a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by 1,483%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main supplier of wood bending machine to Hong Kong SAR, with a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China totaled -46.6%.

In value terms, China ($X) constituted the largest supplier of bending or assembling machines to Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -49.8%.

Import Prices by Country

The average wood bending machine import price stood at $X per unit in 2021, approximately mirroring the previous year. In general, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, wood bending machine import price increased by +57.8% against 2018 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by 35%. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to +0.6% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bending or assembling machines in the world?

South Africa constituted the country with the largest volume of wood bending machine consumption, accounting for 71% of total volume. Moreover, wood bending machine consumption in South Africa exceeded the figures recorded by the second-largest consumer, Brazil, fourfold. The third position in this ranking was occupied by the United States, with a 3.4% share.

What are the largest producers of bending or assembling machines in the world?

The countries with the highest volumes of wood bending machine production in 2021 were Austria, China and Germany, with a combined 48% share of global production.

What are the leading suppliers of bending or assembling machines to Hong Kong SAR, China?

In value terms, Germany constituted the largest supplier of wood bending machine to Hong Kong SAR.

What are the leading importers of bending or assembling machines from Hong Kong SAR, China?

In value terms, China remains the key foreign market for wood bending machine exports from Hong Kong SAR.

What is the average export price for bending or assembling machines in Hong Kong SAR, China?

In 2021, the average wood bending machine export price amounted to $16,092 per unit, waning by -17.3% against the previous year.

What is the average import price for bending or assembling machines in Hong Kong SAR, China?

The average wood bending machine import price stood at $2,936 per unit in 2021, with a decrease of -58.8% against the previous year.

This report provides an in-depth analysis of the wood bending machine 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 28491265 - Bending or assembling machines for working wood, cork, b one, hard rubber, hard plastics or similar hard materials

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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