Hong Kong SAR, China: Concrete Mixer Market 2024

Concrete Mixer Market Size in Hong Kong SAR, China

In 2021, the Hong Kong concrete mixer market increased by 5.7% to $X, rising for the fourth year in a row after five years of decline. Overall, consumption, however, showed a perceptible downturn. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Concrete Mixer Production in Hong Kong SAR, China

In value terms, concrete mixer production stood at $X in 2021 estimated in export price. Over the period under review, production, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 when the production volume increased by 36%. Concrete mixer production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Concrete Mixer Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of concrete or mortar mixers increased by 15% to X units for the first time since 2018, thus ending a two-year declining trend. In general, exports, however, faced a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 887% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, concrete mixer exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2014 with an increase of 1,091% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Taiwan (Chinese) (X units), Tanzania (X units) and Norway (X units) were the main destinations of concrete mixer exports from Hong Kong SAR, with a combined 60% share of total exports. Saudi Arabia, Ghana, Japan, Madagascar, Russia, the UK, China, Cambodia, Guyana and Uruguay lagged somewhat behind, together comprising a further 30%.

From 2012 to 2021, the biggest increases were recorded for Guyana (with a CAGR of +380.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Taiwan (Chinese) ($X), Madagascar ($X) and Japan ($X) constituted the largest markets for concrete mixer exported from Hong Kong SAR worldwide, with a combined 39% share of total exports. Tanzania, the UK, China, Saudi Arabia, Cambodia, Guyana, Norway, Russia, Uruguay and Ghana lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, Guyana, with a CAGR of +144.8%, recorded the highest growth rate of 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

In 2021, the average concrete mixer export price amounted to $X per unit, surging by 24% against the previous year. In general, the export price, however, continues to indicate a perceptible reduction. The most prominent rate of growth was recorded in 2018 an increase of 47% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Madagascar ($X per unit), while the average price for exports to Norway ($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 Madagascar (+26.4%), while the prices for the other major destinations experienced more modest paces of growth.

Concrete Mixer Imports

Imports into Hong Kong SAR, China

After two years of growth, supplies from abroad of concrete or mortar mixers decreased by -11.1% to X units in 2021. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 when imports increased by 71%. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, concrete mixer imports contracted to $X in 2021. In general, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2014 with an increase of 142% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Italy (X units) and Germany (X units) were the main suppliers of concrete mixer imports to Hong Kong SAR, together accounting for 39% of total imports. These countries were followed by Japan, Vietnam, Taiwan (Chinese), the UK, Sweden, France, the United Arab Emirates, Indonesia, Thailand and Macao SAR, which together accounted for a further 31%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +29.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of concrete or mortar mixers to Hong Kong SAR, comprising 58% of total imports. The second position in the ranking was taken by Germany ($X), with a 6.7% share of total imports. It was followed by Italy, with a 5.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +11.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.6% per year) and Italy (-11.2% per year).

Import Prices by Country

The average concrete mixer import price stood at $X per unit in 2021, waning by -1.7% against the previous year. Overall, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, concrete mixer import price decreased by -47.5% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 48%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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