Hong Kong SAR, China: Market for Continuous-Action Elevators And Conveyors 2024

Market Size for Continuous-Action Elevators And Conveyors in Hong Kong SAR, China

In 2022, the Hong Kong continuous-action elevators and conveyors market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed a strong expansion. Continuous-action elevators and conveyors consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Continuous-Action Elevators And Conveyors in Hong Kong SAR, China

In value terms, continuous-action elevators and conveyors production dropped to $X in 2022 estimated in export price. Overall, production, however, saw a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Continuous-action elevators and conveyors production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Continuous-Action Elevators And Conveyors

Exports from Hong Kong SAR, China

In 2022, continuous-action elevators and conveyors exports from Hong Kong SAR shrank rapidly to X units, which is down by X% compared with 2021 figures. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, continuous-action elevators and conveyors exports fell notably to $X in 2022. In general, exports recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for continuous-action elevators and conveyors exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, continuous-action elevators and conveyors exports to China exceeded the volume sent to the second major destination, India (X units), more than tenfold. The third position in this ranking was held by Vietnam (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Vietnam (X% per year).

In value terms, China ($X) remains the key foreign market for continuous-action elevators and conveyors exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the average continuous-action elevators and conveyors export price amounted to $X per unit, waning by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to India ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Continuous-Action Elevators And Conveyors

Imports into Hong Kong SAR, China

In 2022, continuous-action elevators and conveyors imports into Hong Kong SAR contracted modestly to X units, declining by X% compared with the year before. In general, imports continue to indicate a mild decline. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, continuous-action elevators and conveyors imports skyrocketed to $X in 2022. Over the period under review, total imports indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest continuous-action elevators and conveyors supplier to Hong Kong SAR, with a X% share of total imports. Moreover, continuous-action elevators and conveyors imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. The third position in this ranking was taken by Austria (X units), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Austria (X% per year).

In value terms, China ($X) constituted the largest supplier of continuous-action elevators and conveyors to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average continuous-action elevators and conveyors import price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, continuous-action elevators and conveyors import price increased by X% against 2019 indices. The growth pace was the most rapid in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 Malaysia ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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