Report Update Nov 1, 2024

Hong Kong SAR, China - Escalators and Moving Walkways - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Escalator Market 2024

Escalator Market Size in Hong Kong SAR, China

The Hong Kong escalator market surged to $X in 2022, jumping by 114% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a notable increase. Over the period under review, the market reached the peak level at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Escalator Exports

Exports from Hong Kong SAR, China

In 2022, the amount of escalators and moving WalkWays exported from Hong Kong SAR reduced notably to X units, falling by -90.9% compared with the year before. Over the period under review, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2013 when exports increased by 286%. Over the period under review, the exports reached the peak figure at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, escalator exports declined remarkably to $X in 2022. Overall, exports, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 2,935%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X units) was the main destination for escalator exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR stood at +7.2%.

In value terms, Macao SAR ($X) also remains the key foreign market for escalators and moving WalkWays exports from Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR totaled +46.3%.

Export Prices by Country

The average escalator export price stood at $X per unit in 2022, picking up by 189% against the previous year. Over the period under review, the export price showed significant growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 686% against the previous year. The export price peaked in 2022 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Macao SAR.

From 2012 to 2022, the rate of growth in terms of prices for Macao SAR amounted to +36.5% per year.

Escalator Imports

Imports into Hong Kong SAR, China

Escalator imports into Hong Kong SAR skyrocketed to X units in 2022, surging by 125% compared with the previous year. In general, imports continue to indicate tangible growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, escalator imports soared to $X in 2022. Overall, imports enjoyed tangible growth. The pace of growth was the most pronounced in 2019 with an increase of 73% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Imports by Country

In 2022, China (X units) constituted the largest supplier of escalator to Hong Kong SAR, with a 76% share of total imports. Moreover, escalator imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from China totaled +3.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+20.7% per year) and South Korea (0.0% per year).

In value terms, China ($X) constituted the largest supplier of escalators and moving WalkWays to Hong Kong SAR, comprising 67% of total imports. The second position in the ranking was held by Thailand ($X), with a 32% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+29.9% per year) and South Korea (0.0% per year).

Import Prices by Country

The average escalator import price stood at $X per unit in 2022, with a decrease of -25.5% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 an increase of 31% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+7.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for escalators and moving walkways in the world?

The countries with the highest volumes of in 2021 were India, China and the United States, together comprising 60% of global consumption.

What are the largest producers of escalators and moving walkways in the world?

The countries with the highest volumes of in 2021 were India, China and the United States, with a combined 66% share of global production.

What are the leading suppliers of escalators and moving walkways to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of escalator to Hong Kong SAR, comprising 67% of total imports. The second position in the ranking was occupied by Thailand, with a 27% share of total imports.

What are the leading importers of escalators and moving walkways from Hong Kong SAR, China?

In value terms, Macao SAR remains the key foreign market for escalator exports from Hong Kong SAR.

What is the average export price for escalators and moving walkways in Hong Kong SAR, China?

In 2021, the average escalator export price amounted to $27,533 per unit, falling by -22.8% against the previous year.

What is the average import price for escalators and moving walkways in Hong Kong SAR, China?

The average escalator import price stood at $57,330 per unit in 2021, rising by 56% against the previous year.

This report provides an in-depth analysis of the escalator market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28221670 - Escalators and moving walkways

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023