Hong Kong SAR, China: Wood Dryer Market 2025

Wood Dryer Market Size in Hong Kong SAR, China

In 2021, the Hong Kong wood dryer market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, saw a noticeable downturn. Wood dryer consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Wood Dryer Exports

Exports from Hong Kong SAR, China

In 2021, exports of dryers for wood, paper pulp, paper or paperboard from Hong Kong SAR was estimated at X units, approximately reflecting 2020. Over the period under review, exports recorded a sharp decrease. The pace of growth was the most pronounced in 2015 with an increase of 350%. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, wood dryer exports soared to $X in 2021. Overall, exports saw a dramatic decrease. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Philippines (X units), the United States (X units) and Kenya (X units) were the main destinations of wood dryer exports from Hong Kong SAR.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of 0.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, China ($X) remains the key foreign market for dryers for wood, paper pulp, paper or paperboard exports from Hong Kong SAR, comprising 70% of total exports. The second position in the ranking was held by Zimbabwe ($X), with a 16% share of total exports. It was followed by the United States, with an 8.2% share.

From 2012 to 2021, the average annual growth rate of value to China stood at -23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (-7.2% per year) and the United States (+7.9% per year).

Export Prices by Country

In 2021, the average wood dryer export price amounted to $X per unit, approximately mirroring the previous year. Overall, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 165%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Kenya ($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 China (+25.1%), while the prices for the other major destinations experienced a decline.

Wood Dryer Imports

Imports into Hong Kong SAR, China

After two years of decline, purchases abroad of dryers for wood, paper pulp, paper or paperboard increased by 71% to X units in 2021. In general, imports, however, showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 314%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, wood dryer imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2016 when imports increased by 209%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Italy (X units) and China (X units) were the main suppliers of wood dryer imports to Hong Kong SAR, together accounting for 57% of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +14.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Italy ($X), Germany ($X) and the Netherlands ($X) constituted the largest wood dryer suppliers to Hong Kong SAR, together accounting for 52% of total imports.

In terms of the main suppliers, Germany, with a CAGR of -3.0%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average wood dryer import price amounted to $X per unit, surging by 40% against the previous year. In general, the import price, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2019 an increase of 73%. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+420.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :