Hong Kong SAR, China: Market for Electric Burglar Or Fire Alarms And Similar Apparatus 2025

Market Size for Electric Burglar Or Fire Alarms And Similar Apparatus in Hong Kong SAR, China

In 2021, the Hong Kong market for electric burglar or fire alarms and similar apparatus increased by 129% to $X, rising for the second year in a row after five years of decline. Overall, consumption posted resilient growth. Electric burglar or fire alarm consumption peaked in 2021 and is likely to see steady growth in years to come.

Production of Electric Burglar Or Fire Alarms And Similar Apparatus in Hong Kong SAR, China

In value terms, electric burglar or fire alarm production reached $X in 2021 estimated in export price. In general, production posted perceptible growth. The pace of growth was the most pronounced in 2017 when the production volume increased by 368% against the previous year. Electric burglar or fire alarm production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Electric Burglar Or Fire Alarms And Similar Apparatus

Exports from Hong Kong SAR, China

In 2021, approx. X units of electric burglar or fire alarms and similar apparatus were exported from Hong Kong SAR; jumping by 41% on the previous year's figure. Over the period under review, exports, however, continue to indicate a pronounced descent. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electric burglar or fire alarm exports rose notably to $X in 2021. In general, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 20% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), the UK (X units) and China (X units) were the main destinations of electric burglar or fire alarm exports from Hong Kong SAR, together comprising 73% of total exports. These countries were followed by the Netherlands, Singapore, Japan, Canada, France, Australia and Germany, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Singapore (with a CAGR of +28.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electric burglar or fire alarms and similar apparatus exports from Hong Kong SAR, comprising 31% of total exports. The second position in the ranking was held by the UK ($X), with a 14% share of total exports. It was followed by China, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-6.6% per year) and China (+2.0% per year).

Export Prices by Country

The average export price for electric burglar or fire alarms and similar apparatus stood at $X per unit in 2021, waning by -25.8% against the previous year. Over the period under review, the export price continues to indicate a slight reduction. The growth pace was the most rapid in 2013 an increase of 41% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Australia ($X per unit), while the average price for exports to China ($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 Japan (+19.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Electric Burglar Or Fire Alarms And Similar Apparatus

Imports into Hong Kong SAR, China

In 2021, after five years of decline, there was significant growth in overseas purchases of electric burglar or fire alarms and similar apparatus, when their volume increased by 135% to X units. In general, imports, however, recorded a pronounced decline. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, electric burglar or fire alarm imports soared to $X in 2021. Over the period under review, imports, however, recorded a abrupt decrease. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest electric burglar or fire alarm supplier to Hong Kong SAR, accounting for a 74% share of total imports. Moreover, electric burglar or fire alarm imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled -5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+17.1% per year) and Singapore (+29.8% per year).

In value terms, China ($X) constituted the largest supplier of electric burglar or fire alarms and similar apparatus to Hong Kong SAR, comprising 81% of total imports. The second position in the ranking was taken by the United States ($X), with an 8.8% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China totaled -6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.3% per year) and Singapore (+6.2% per year).

Import Prices by Country

In 2021, the average import price for electric burglar or fire alarms and similar apparatus amounted to $X per unit, with an increase of 17% against the previous year. Overall, the import price, however, saw a pronounced downturn. The most prominent rate of growth was recorded in 2016 an increase of 19% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-1.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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