Hong Kong SAR, China: Spacecraft Market 2025

Spacecraft Market Size in Hong Kong SAR, China

In 2022, the Hong Kong spacecraft market increased by 74% to $X for the first time since 2017, thus ending a four-year declining trend. Over the period under review, consumption continues to indicate a prominent increase. Spacecraft consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Spacecraft Production in Hong Kong SAR, China

In value terms, spacecraft production skyrocketed to $X in 2022 estimated in export price. In general, production saw a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 505% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Spacecraft Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of civil spacecraft, satellites and launch vehicles decreased by -76.7% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of 550% against the previous year. The exports peaked at X units in 2021, and then declined rapidly in the following year.

In value terms, spacecraft exports shrank remarkably to $X in 2022. Overall, exports, however, saw a significant increase. The pace of growth was the most pronounced in 2019 when exports increased by 826%. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank dramatically in the following year.

Exports by Country

The UK (X units) and Spain (X units) were the main destinations of spacecraft exports from Hong Kong SAR.

From 2012 to 2022, the biggest increases were recorded for the UK (with a CAGR of +17.5%).

In value terms, Spain ($X) remains the key foreign market for civil spacecraft, satellites and launch vehicles exports from Hong Kong SAR, comprising 46% of total exports. The second position in the ranking was taken by the UK ($X), with an 8.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Spain amounted to +70.5%.

Export Prices by Country

The average spacecraft export price stood at $X per unit in 2022, surging by 213% against the previous year. Over the period under review, the export price recorded a resilient increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 1,277% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kiribati (+73.2%), while the prices for the other major destinations experienced mixed trend patterns.

Spacecraft Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of civil spacecraft, satellites and launch vehicles decreased by 0% to X units for the first time since 2017, thus ending a four-year declining trend. Over the period under review, imports faced a sharp slump. The pace of growth was the most pronounced in 2017 with an increase of 44,540%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports failed to regain momentum.

In value terms, spacecraft imports stood at $X in 2022. In general, imports showed a precipitous decrease. The pace of growth was the most pronounced in 2017 when imports increased by 58,316%. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, the UK (X units) constituted the largest spacecraft supplier to Hong Kong SAR, accounting for a 67% share of total imports. Moreover, spacecraft imports from the UK exceeded the figures recorded by the second-largest supplier, Sweden (X units), sixfold.

From 2014 to 2022, the average annual growth rate of volume from the UK stood at -85.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (0.0% per year) and Spain (-94.5% per year).

In value terms, the UK ($X) constituted the largest supplier of civil spacecraft, satellites and launch vehicles to Hong Kong SAR, comprising 95% of total imports. The second position in the ranking was taken by Sweden ($X), with a 2.1% share of total imports.

From 2014 to 2022, the average annual growth rate of value from the UK stood at +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (0.0% per year) and Spain (-99.1% per year).

Import Prices by Country

In 2022, the average spacecraft import price amounted to $X per unit, standing approx. at the previous year. Over the period under review, the import price saw a significant curtailment. The pace of growth appeared the most rapid in 2015 an increase of 103%. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

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 UK ($X per unit), while the price for Spain ($X per unit) was amongst the lowest.

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+604.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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