Hong Kong SAR, China: Off-Highway Dumper Market 2025

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

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