Report Update Nov 1, 2024

Hong Kong SAR, China - Dumpers for Off-Highway Use - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Off-Highway Dumper Market 2024

Off-Highway Dumper Market Size in Hong Kong SAR, China

In 2021, the Hong Kong off-highway dumper market decreased by -69.8% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption, however, saw a prominent expansion. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Off-Highway Dumper Exports

Exports from Hong Kong SAR, China

In 2021, after two years of growth, there was significant decline in overseas shipments of dumpers for off-highway use, when their volume decreased by -58.2% to X units. Overall, exports saw a significant decline. The growth pace was the most rapid in 2019 with an increase of 276% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, off-highway dumper exports shrank sharply to $X in 2021. In general, exports recorded a deep downturn. The growth pace was the most rapid in 2019 when exports increased by 273%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X units), Tanzania (X units) and Singapore (X units) were the main destinations of off-highway dumper exports from Hong Kong SAR, together accounting for 99% of total exports.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +121.2%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, the largest markets for off-highway dumper exported from Hong Kong SAR were South Korea ($X), Tanzania ($X) and Singapore ($X), together accounting for 100% of total exports.

Among the main countries of destination, South Korea, with a CAGR of +124.1%, 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

The average off-highway dumper export price stood at $X per unit in 2021, picking up by 12% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +7.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the average export price increased by 64% against the previous year. The export price peaked in 2021 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to South Korea ($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 Singapore (+4.3%), while the prices for the other major destinations experienced mixed trend patterns.

Off-Highway Dumper Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of dumpers for off-highway use decreased by -69.4% to X units for the first time since 2016, thus ending a four-year rising trend. Over the period under review, imports continue to indicate a abrupt contraction. The growth pace was the most rapid in 2017 when imports increased by 636% against the previous year. Imports peaked at X units in 2020, and then shrank dramatically in the following year.

In value terms, off-highway dumper imports declined notably to $X in 2021. Overall, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2017 with an increase of 620%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Singapore (X units), South Africa (X units) and the UK (X units) were the main suppliers of off-highway dumper imports to Hong Kong SAR, with a combined 95% share of total imports.

From 2012 to 2021, the biggest increases were recorded for South Africa (with a CAGR of +12.0%), while purchases for the other leaders experienced a decline.

In value terms, Singapore ($X), South Africa ($X) and the UK ($X) constituted the largest off-highway dumper suppliers to Hong Kong SAR, with a combined 95% share of total imports.

South Africa, with a CAGR of +11.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average off-highway dumper import price stood at $X per unit in 2021, growing by 2.2% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 79%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were South Africa ($X per unit) and Japan ($X per unit), while the price for Singapore ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), 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 dumpers for off-highway use in the world?

Lesotho remains the largest off-highway dumper consuming country worldwide, comprising approx. 40% of total volume. Moreover, off-highway dumper consumption in Lesotho exceeded the figures recorded by the second-largest consumer, the Dominican Republic, threefold. The third position in this ranking was occupied by the UK, with a 9.3% share.

What are the largest producers of dumpers for off-highway use in the world?

The countries with the highest volumes of off-highway dumper production in 2020 were the UK, China and Belarus, together accounting for 62% of global production. Japan, Turkey, Thailand and India lagged somewhat behind, together accounting for a further 27%.

What are the leading suppliers of dumpers for off-highway use to Hong Kong SAR, China?

In value terms, Sweden, Singapore and the UK appeared to be the largest off-highway dumper suppliers to Hong Kong SAR, together comprising 82% of total imports.

What are the leading importers of dumpers for off-highway use from Hong Kong SAR, China?

In value terms, South Korea, Australia and Singapore constituted the largest markets for off-highway dumper exported from Hong Kong SAR worldwide, together accounting for 91% of total exports.

What is the average export price for dumpers for off-highway use in Hong Kong SAR, China?

In 2020, the average off-highway dumper export price amounted to $12,379 per unit, approximately equating the previous year.

What is the average import price for dumpers for off-highway use in Hong Kong SAR, China?

In 2020, the average off-highway dumper import price amounted to $124,057 per unit, growing by 47% against the previous year.

This report provides an in-depth analysis of the off-highway dumper 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 28922900 - Dumpers for off-highway use
Prodcom 28922810 -

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
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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
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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