Hong Kong SAR, China: Market for Gas and Smoke Analysers 2024

Market Size for Gas and Smoke Analysers in Hong Kong SAR, China

In 2021, the Hong Kong gas and smoke analyser market decreased by -57.3% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, saw a relatively flat trend pattern. Gas and smoke analyser consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Gas and Smoke Analysers in Hong Kong SAR, China

In value terms, gas and smoke analyser production soared to $X in 2021 estimated in export price. In general, production recorded significant growth. The most prominent rate of growth was recorded in 2013 with an increase of 2,481%. As a result, production reached the peak level of $X. From 2014 to 2021, production growth remained at a lower figure.

Exports of Gas and Smoke Analysers

Exports from Hong Kong SAR, China

In 2021, approx. X units of gas and smoke analysers were exported from Hong Kong SAR; jumping by 215% compared with the year before. Overall, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2013 when exports increased by 391% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, gas and smoke analyser exports surged to $X in 2021. Over the period under review, exports posted a slight increase. The pace of growth appeared the most rapid in 2020 when exports increased by 67% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units), Japan (X units) and China (X units) were the main destinations of gas and smoke analyser exports from Hong Kong SAR, together accounting for 54% of total exports. The United States, the UK, Spain, France, the Netherlands, Russia, Switzerland, Poland and Taiwan (Chinese) lagged somewhat behind, together comprising a further 37%.

From 2012 to 2021, the biggest increases were recorded for the Netherlands (with a CAGR of +504.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for gas and smoke analysers exports from Hong Kong SAR, comprising 67% of total exports. The second position in the ranking was taken by Japan ($X), with an 8% share of total exports. It was followed by the United States, with a 5% share.

From 2012 to 2021, the average annual growth rate of value to China stood at -1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+42.8% per year) and the United States (+17.2% per year).

Export Prices by Country

In 2021, the average gas and smoke analyser export price amounted to $X per unit, dropping by -59.8% against the previous year. In general, the export price recorded a abrupt downturn. The pace of growth was the most pronounced in 2014 an increase of 435% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to the UK ($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 Taiwan (Chinese) (+3.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Gas and Smoke Analysers

Imports into Hong Kong SAR, China

In 2021, the amount of gas and smoke analysers imported into Hong Kong SAR skyrocketed to X units, jumping by 54% against 2020 figures. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 71% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, gas and smoke analyser imports declined notably to $X in 2021. Over the period under review, imports saw a measured increase. The most prominent rate of growth was recorded in 2020 when imports increased by 86% against the previous year. As a result, imports attained the peak of $X, and then declined dramatically in the following year.

Imports by Country

China (X units), the UK (X units) and the United States (X units) were the main suppliers of gas and smoke analyser imports to Hong Kong SAR, with a combined 79% share of total imports. These countries were followed by South Korea, Germany, Japan and Singapore, which together accounted for a further 18%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +10.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest gas and smoke analyser suppliers to Hong Kong SAR were Germany ($X), China ($X) and the United States ($X), together comprising 73% of total imports. These countries were followed by the UK, Japan, South Korea and Singapore, which together accounted for a further 17%.

In terms of the main suppliers, the UK, with a CAGR of +13.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average gas and smoke analyser import price amounted to $X per unit, shrinking by -53.9% against the previous year. Over the period under review, the import price, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2014 an increase of 176%. 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 country of origin: the country with the highest price was Germany ($X per unit), while the price for the UK ($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 UK (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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