Hong Kong SAR, China: Electronic Material Tester Market 2024

Electronic Material Tester Market Size in Hong Kong SAR, China

In 2021, the Hong Kong electronic material tester market increased by 150% to $X, rising for the third consecutive year after two years of decline. In general, consumption recorded a resilient increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Electronic Material Tester Production in Hong Kong SAR, China

In value terms, electronic material tester production declined to $X in 2021 estimated in export price. In general, production saw a prominent increase. The pace of growth was the most pronounced in 2019 with an increase of 405% against the previous year. Electronic material tester production peaked at $X in 2020, and then reduced in the following year.

Electronic Material Tester Exports

Exports from Hong Kong SAR, China

Electronic material tester exports from Hong Kong SAR plummeted to X units in 2021, waning by -53.1% compared with 2020 figures. Over the period under review, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 35%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, electronic material tester exports shrank notably to $X in 2021. Overall, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 35% against the previous year. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for electronic material tester exports from Hong Kong SAR, accounting for a 61% share of total exports. Moreover, electronic material tester exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), more than tenfold. Bangladesh (X units) ranked third in terms of total exports with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-11.8% per year) and Bangladesh (-6.7% per year).

In value terms, China ($X) remains the key foreign market for electronic machines and appliances for testing materials exports from Hong Kong SAR, comprising 61% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 4.2% share of total exports. It was followed by Bangladesh, with a 4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to -10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-7.4% per year) and Bangladesh (-2.0% per year).

Export Prices by Country

The average electronic material tester export price stood at $X per unit in 2021, with an increase of 9.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.0%. The pace of growth was the most pronounced in 2020 an increase of 21%. The export price peaked in 2021 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Indonesia ($X per unit) and India ($X per unit), while the average price for exports to China ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Electronic Material Tester Imports

Imports into Hong Kong SAR, China

In 2021, imports of electronic machines and appliances for testing materials into Hong Kong SAR dropped rapidly to X units, waning by -30.7% against the year before. In general, imports faced a drastic downturn. The pace of growth appeared the most rapid in 2016 with an increase of 33%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, electronic material tester imports fell notably to $X in 2021. Overall, imports continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2016 when imports increased by 32% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

China (X units), the United States (X units) and Japan (X units) were the main suppliers of electronic material tester imports to Hong Kong SAR, with a combined 69% share of total imports. The UK, Taiwan (Chinese), South Korea, Germany, India, Switzerland and Italy lagged somewhat behind, together comprising a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +21.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Japan ($X) appeared to be the largest electronic material tester suppliers to Hong Kong SAR, together accounting for 69% of total imports. These countries were followed by the UK, Taiwan (Chinese), South Korea, Germany, India, Switzerland and Italy, which together accounted for a further 27%.

India, with a CAGR of +23.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers 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 electronic material tester import price amounted to $X per unit, dropping by -6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2019 when the average import price increased by 17%. Over the period under review, average import prices attained the maximum at $X per unit in 2020, and then shrank in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Switzerland ($X per unit) and Italy ($X per unit), while the price for Japan ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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