Report Update Nov 1, 2024

Hong Kong SAR, China - Crawler Tractors - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Crawler Tractor Market 2024

Crawler Tractor Market Size in Hong Kong SAR, China

In 2021, the Hong Kong crawler tractor market was finally on the rise to reach $X for the first time since 2015, thus ending a five-year declining trend. Overall, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Crawler Tractor Production in Hong Kong SAR, China

In value terms, crawler tractor production fell to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 12%. Crawler tractor production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Crawler Tractor Exports

Exports from Hong Kong SAR, China

In 2019, shipments abroad of crawler tractors decreased by 0% to X units, falling for the third consecutive year after two years of decline. Overall, exports enjoyed strong growth. The smallest decline of -50% was in 2017. The exports peaked in 2019 and are likely to see gradual growth in the immediate term.

In value terms, crawler tractor exports stood at $X in 2019. Over the period under review, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2016 with an increase of 33,724%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2019, the exports remained at a lower figure.

Exports by Country

Guyana (X units) and Georgia (X units) were the main destinations of crawler tractor exports from Hong Kong SAR. Moreover, crawler tractor exports in Guyana exceeded the figures recorded by the second-largest exporter, Georgia, twofold.

From 2012 to 2019, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guyana (with a CAGR of 0.0%).

From 2012 to 2019, the average annual rate of growth in terms of value to Guyana was relatively modest.

Export Prices by Country

In 2019, the average crawler tractor export price amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the export price faced a drastic downturn. The pace of growth appeared the most rapid in 2017 an increase of 124% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2019, the export prices stood at a somewhat lower figure.

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

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to the United States (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Crawler Tractor Imports

Imports into Hong Kong SAR, China

In 2021, crawler tractor imports into Hong Kong SAR skyrocketed to X units, growing by 3,300% against the previous year's figure. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, crawler tractor imports soared to $X in 2021. In general, imports recorded a significant increase. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the UK (X units) constituted the largest supplier of crawler tractor to Hong Kong SAR, with a 82% share of total imports. Moreover, crawler tractor imports from the UK exceeded the figures recorded by the second-largest supplier, the United States (X units), ninefold. The third position in this ranking was held by Thailand (X units), with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the UK totaled +130.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.0% per year) and Thailand (0.0% per year).

In value terms, the United States ($X) constituted the largest supplier of crawler tractors to Hong Kong SAR, comprising 75% of total imports. The second position in the ranking was taken by the UK ($X), with a 22% share of total imports. It was followed by Japan, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the United States stood at +25.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+97.7% per year) and Japan (-2.6% per year).

Import Prices by Country

The average crawler tractor import price stood at $X per unit in 2021, increasing by 355% against the previous year. Overall, the import price, however, recorded a deep contraction. The most prominent rate of growth was recorded in 2014 when the average import price increased by 3,091%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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 the United States ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crawler tractors in the world?

The countries with the highest volumes of in 2021 were Japan, Italy and the Netherlands, together accounting for 32% of global consumption. These countries were followed by Germany, Iraq, Australia, Russia, Nepal, Romania, Belarus and the United States, which together accounted for a further 25%.

What are the largest producers of crawler tractors in the world?

The countries with the highest volumes of in 2021 were Germany, Japan and Italy, with a combined 66% share of global production.

What are the leading suppliers of crawler tractors to Hong Kong SAR, China?

In value terms, the United States constituted the largest supplier of crawler tractor to Hong Kong SAR, comprising 84% of total imports. The second position in the ranking was occupied by the UK, with a 9.5% share of total imports. It was followed by Japan, with a 4.3% share.

What is the average export price for crawler tractors in Hong Kong SAR, China?

The average crawler tractor export price stood at $32,500 per unit in 2019, approximately reflecting the previous year.

What is the average import price for crawler tractors in Hong Kong SAR, China?

In 2021, the average crawler tractor import price amounted to $34,768 per unit, falling by -7.8% against the previous year.

This report provides an in-depth analysis of the crawler tractor market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28925000 - (Crawler tractors) Track-laying tractors

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023