Hong Kong SAR, China: Endless Machinery Band Market 2025

Endless Machinery Band Market Size in Hong Kong SAR, China

The Hong Kong endless machinery band market declined notably to $X in 2021, waning by -18.3% against the previous year. In general, consumption recorded a dramatic slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Endless Machinery Band Production in Hong Kong SAR, China

In value terms, endless machinery band production declined significantly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a slight expansion. The most prominent rate of growth was recorded in 2014 with an increase of 66% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then contracted notably in the following year.

Endless Machinery Band Exports

Exports from Hong Kong SAR, China

After three years of growth, overseas shipments of endless bands for machinery, of stainless steel decreased by -58% to X square meters in 2021. Overall, exports, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 217% against the previous year. As a result, the exports reached the peak of X square meters. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, endless machinery band exports fell dramatically to $X in 2021. Over the period under review, exports, however, showed a resilient expansion. The growth pace was the most rapid in 2014 when exports increased by 248%. The exports peaked at $X in 2020, and then contracted significantly in the following year.

Exports by Country

Ecuador (X square meters), Mozambique (X square meters) and Botswana (X square meters) were the main destinations of endless machinery band exports from Hong Kong SAR, with a combined 86% share of total exports. Denmark and the Dominican Republic lagged somewhat behind, together comprising a further 13%.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +67.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), Botswana ($X) and Denmark ($X) were the largest markets for endless machinery band exported from Hong Kong SAR worldwide, with a combined 95% share of total exports.

Denmark, with a CAGR of +64.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average endless machinery band export price amounted to $X per square meter, declining by -13% against the previous year. In general, the export price recorded a pronounced downturn. The most prominent rate of growth was recorded in 2017 an increase of 94%. As a result, the export price attained the peak level of $X per square meter. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Botswana ($X per square meter), while the average price for exports to Mozambique ($X per square meter) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+562.5%), while the prices for the other major destinations experienced more modest paces of growth.

Endless Machinery Band Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of endless bands for machinery, of stainless steel decreased by -65.6% to X square meters, falling for the third consecutive year after three years of growth. In general, imports showed a precipitous setback. The growth pace was the most rapid in 2014 when imports increased by 103% against the previous year. Imports peaked at X square meters in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, endless machinery band imports shrank sharply to $X in 2021. Overall, imports faced a dramatic setback. The most prominent rate of growth was recorded in 2014 when imports increased by 103% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X square meters), the Netherlands (X square meters) and Italy (X square meters) were the main suppliers of endless machinery band imports to Hong Kong SAR, together comprising 95% of total imports.

From 2012 to 2021, the biggest increases were in Italy (with a CAGR of -12.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest endless machinery band suppliers to Hong Kong SAR were China ($X), Italy ($X) and the Netherlands ($X), together accounting for 92% of total imports.

Italy, with a CAGR of -24.6%, saw 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 endless machinery band import price stood at $X per square meter in 2021, rising by 11% against the previous year. Overall, the import price, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 71%. Over the period under review, average import prices hit record highs at $X per square meter in 2015; however, from 2016 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+13.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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