Hong Kong SAR, China: Centrifuges Market 2025

Centrifuges Market Size in Hong Kong SAR, China

In 2021, the Hong Kong centrifuges market decreased by -1.3% to $X for the first time since 2017, thus ending a three-year rising trend. The market value increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Centrifuges consumption peaked at $X in 2020, and then fell in the following year.

Centrifuges Production in Hong Kong SAR, China

In value terms, centrifuges production shrank notably to $X in 2021 estimated in export price. In general, production posted significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 8,528%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Centrifuges Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of centrifuges was finally on the rise to reach X units after three years of decline. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2017 with an increase of 235% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, centrifuges exports shrank significantly to $X in 2021. In general, exports, however, continue to indicate a deep downturn. The pace of growth appeared the most rapid in 2014 when exports increased by 47%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for centrifuges exports from Hong Kong SAR, accounting for a 80% share of total exports. Moreover, centrifuges exports to the United States exceeded the volume sent to the second major destination, China (X units), fivefold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +142.3%.

In value terms, China ($X) remains the key foreign market for centrifuges exports from Hong Kong SAR, comprising 92% of total exports. The second position in the ranking was held by the United States ($X), with a 4.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -7.0%.

Export Prices by Country

The average centrifuges export price stood at $X per unit in 2021, dropping by -58.5% against the previous year. In general, the export price faced a dramatic setback. The pace of growth was the most pronounced in 2019 an increase of 138%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United States totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-8.3%).

Centrifuges Imports

Imports into Hong Kong SAR, China

Centrifuges imports into Hong Kong SAR skyrocketed to X units in 2021, growing by 63% on the year before. Over the period under review, imports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2017 when imports increased by 83% against the previous year. Imports peaked in 2021 and are likely to continue growth in the immediate term.

In value terms, centrifuges imports expanded to $X in 2021. In general, imports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of 107% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of centrifuges to Hong Kong SAR, with a 66% share of total imports. Moreover, centrifuges imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was taken by Spain (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +49.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.6% per year) and Spain (+273.2% per year).

In value terms, Germany ($X) constituted the largest supplier of centrifuges to Hong Kong SAR, comprising 52% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports. It was followed by Japan, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from Germany was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.6% per year) and Japan (-13.8% per year).

Import Prices by Country

In 2021, the average centrifuges import price amounted to $X per unit, dropping by -36.1% against the previous year. In general, the import price recorded a abrupt downturn. The pace of growth appeared the most rapid in 2014 an increase of 28% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+10.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform