Hong Kong SAR, China: Market for Cabinets And Cases For Transmission And Reception Apparatus 2024

Market Size for Cabinets And Cases For Transmission And Reception Apparatus in Hong Kong SAR, China

In 2021, the Hong Kong receivers and transmitters case market increased by 95% to $X, rising for the third year in a row after six years of decline. Over the period under review, consumption enjoyed a tangible increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Cabinets And Cases For Transmission And Reception Apparatus in Hong Kong SAR, China

In value terms, receivers and transmitters case production shrank notably to $X in 2021 estimated in export price. Overall, production continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by 918%. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Cabinets And Cases For Transmission And Reception Apparatus

Exports from Hong Kong SAR, China

For the fourth year in a row, Hong Kong SAR recorded decline in overseas shipments of cabinets and cases for transmission and reception apparatus, which decreased by -14.4% to X units in 2021. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2017 when exports increased by 5.8%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, receivers and transmitters case exports surged to $X in 2021. Overall, exports saw a noticeable downturn. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for receivers and transmitters case exports from Hong Kong SAR, accounting for a 36% share of total exports. Moreover, receivers and transmitters case exports to China exceeded the volume sent to the second major destination, Mexico (X units), fourfold. The third position in this ranking was taken by Vietnam (X units), with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -19.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+5.6% per year) and Vietnam (-2.3% per year).

In value terms, China ($X) remains the key foreign market for cabinets and cases for transmission and reception apparatus exports from Hong Kong SAR, comprising 76% of total exports. The second position in the ranking was held by the Philippines ($X), with a 4.2% share of total exports. It was followed by India, with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+24.3% per year) and India (+26.9% per year).

Export Prices by Country

In 2021, the average receivers and transmitters case export price amounted to $X per unit, increasing by 53% against the previous year. In general, the export price recorded a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+18.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Cabinets And Cases For Transmission And Reception Apparatus

Imports into Hong Kong SAR, China

For the fourth consecutive year, Hong Kong SAR recorded decline in supplies from abroad of cabinets and cases for transmission and reception apparatus, which decreased by -13.2% to X units in 2021. Over the period under review, imports saw a drastic downturn. The pace of growth appeared the most rapid in 2017 when imports increased by 1.6%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, receivers and transmitters case imports surged to $X in 2021. Overall, imports saw a perceptible decline. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest receivers and transmitters case supplier to Hong Kong SAR, with a 67% share of total imports. Moreover, receivers and transmitters case imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), sevenfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-9.2% per year) and Taiwan (Chinese) (-3.0% per year).

In value terms, the largest receivers and transmitters case suppliers to Hong Kong SAR were China ($X), Vietnam ($X) and South Korea ($X), together comprising 87% of total imports.

South Korea, with a CAGR of +7.1%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average receivers and transmitters case import price amounted to $X per unit, jumping by 39% against the previous year. Overall, the import price posted buoyant growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+17.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform