Hong Kong SAR, China: Breathing Appliances Market 2024

Breathing Appliances Market Size in Hong Kong SAR, China

The Hong Kong breathing appliances market stood at $X in 2022, stabilizing at the previous year. Overall, consumption, however, continues to indicate modest growth. Breathing appliances consumption peaked at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Breathing Appliances Production in Hong Kong SAR, China

In value terms, breathing appliances production rose markedly to $X in 2022 estimated in export price. In general, production saw a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of 78%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Breathing Appliances Exports

Exports from Hong Kong SAR, China

In 2022, breathing appliances exports from Hong Kong SAR plummeted to X units, shrinking by -73.1% compared with the previous year. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2014 with an increase of 232% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, breathing appliances exports declined rapidly to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 431%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

China (X units), the United States (X units) and Costa Rica (X units) were the main destinations of breathing appliances exports from Hong Kong SAR, with a combined 72% share of total exports. The Netherlands, Taiwan (Chinese), Macao SAR, Germany, the UK, Argentina, Australia and Malaysia lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +31.8%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Costa Rica ($X) were the largest markets for breathing appliances exported from Hong Kong SAR worldwide, together comprising 77% of total exports. Germany, Taiwan (Chinese), the Netherlands, Australia, Macao SAR, the UK, Argentina and Malaysia lagged somewhat behind, together accounting for a further 15%.

Among the main countries of destination, the Netherlands, with a CAGR of +40.0%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average breathing appliances export price stood at $X per unit in 2022, rising by 32% against the previous year. Overall, the export price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Macao SAR ($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 Argentina (+20.9%), while the prices for the other major destinations experienced more modest paces of growth.

Breathing Appliances Imports

Imports into Hong Kong SAR, China

Breathing appliances imports into Hong Kong SAR declined sharply to X units in 2022, dropping by -70.1% against the year before. Overall, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2014 when imports increased by 72% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, breathing appliances imports reduced remarkably to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 179% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of breathing appliances to Hong Kong SAR, with a 52% share of total imports. Moreover, breathing appliances imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -20.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+17.4% per year) and Taiwan (Chinese) (+8.2% per year).

In value terms, China ($X) constituted the largest supplier of breathing appliances and gas masks to Hong Kong SAR, comprising 48% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by South Korea, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -3.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.5% per year) and South Korea (+24.5% per year).

Import Prices by Country

In 2022, the average breathing appliances import price amounted to $X per unit, increasing by 29% against the previous year. Overall, the import price recorded resilient growth. The most prominent rate of growth was recorded in 2014 when the average import price increased by 62% against the previous year. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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