Hong Kong SAR, China: Market for Dentist And Barber Chairs 2024

Market Size for Dentist And Barber Chairs in Hong Kong SAR, China

The Hong Kong dentist or barber chair market skyrocketed to $X in 2022, picking up by 98% against the previous year. In general, consumption showed resilient growth. Over the period under review, the market attained the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Production of Dentist And Barber Chairs in Hong Kong SAR, China

In value terms, dentist or barber chair production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, recorded a pronounced decline. The growth pace was the most rapid in 2013 when the production volume increased by 49% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Dentist And Barber Chairs

Exports from Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in overseas shipments of dentist and barber chairs, when their volume decreased by -90.8% to X units. In general, exports faced a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 791% against the previous year. As a result, the exports reached the peak of X units, and then fell notably in the following year.

In value terms, dentist or barber chair exports declined dramatically to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 647% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

The United States (X units) was the main destination for dentist or barber chair exports from Hong Kong SAR, accounting for a 64% share of total exports. Moreover, dentist or barber chair exports to the United States exceeded the volume sent to the second major destination, China (X units), threefold. Vietnam (X units) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-6.0% per year) and Vietnam (0.0% per year).

In value terms, the United States ($X) remains the key foreign market for dentist and barber chairs exports from Hong Kong SAR, comprising 49% of total exports. The second position in the ranking was held by China ($X), with a 22% share of total exports. It was followed by Macao SAR, with an 18% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-14.1% per year) and Macao SAR (-4.8% per year).

Export Prices by Country

The average dentist or barber chair export price stood at $X per unit in 2022, picking up by 34% against the previous year. Overall, the export price, however, recorded a perceptible slump. Over the period under review, the average export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($X per unit), while the average price for exports to Vietnam ($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 France (+8.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Dentist And Barber Chairs

Imports into Hong Kong SAR, China

In 2022, after five years of growth, there was significant decline in supplies from abroad of dentist and barber chairs, when their volume decreased by -53.3% to X units. Over the period under review, imports, however, saw a temperate increase. The most prominent rate of growth was recorded in 2018 with an increase of 88% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then shrank significantly in the following year.

In value terms, dentist or barber chair imports reduced notably to $X in 2022. In general, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2018 with an increase of 169% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then declined notably in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of dentist or barber chair to Hong Kong SAR, with a 57% share of total imports. Moreover, dentist or barber chair imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+78.9% per year) and Taiwan (Chinese) (+17.5% per year).

In value terms, Germany ($X) constituted the largest supplier of dentist and barber chairs to Hong Kong SAR, comprising 48% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Taiwan (Chinese), with a 7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany totaled +83.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+3.2% per year) and Taiwan (Chinese) (+21.4% per year).

Import Prices by Country

In 2022, the average dentist or barber chair import price amounted to $X per unit, surging by 53% against the previous year. Overall, the import price posted strong growth. The pace of growth was the most pronounced in 2017 an increase of 53% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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