Hong Kong SAR, China: Facsimile Machine Market 2022

Facsimile Machine Market Size in Hong Kong SAR, China

In 2021, the Hong Kong facsimile machine market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a deep downturn. Facsimile machine consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Facsimile Machine Production in Hong Kong SAR, China

In value terms, facsimile machine production stood at $X in 2021 estimated in export price. In general, production showed significant growth. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.

Facsimile Machine Exports

Exports from Hong Kong SAR, China

After two years of decline, shipments abroad of facsimile machines increased by X% to X tons in 2021. Over the period under review, exports, however, showed a pronounced slump. The growth pace was the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2021, the growth of the exports failed to regain momentum.

In value terms, facsimile machine exports surged to $X in 2021. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons) was the main destination for facsimile machine exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, facsimile machine exports to China exceeded the volume sent to the second major destination, Germany (X tons), sevenfold. The third position in this ranking was held by Singapore (X tons), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and Singapore (-X% per year).

In value terms, China ($X) remains the key foreign market for facsimile machine exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Germany (+X% per year).

Export Prices by Country

In 2021, the average facsimile machine export price amounted to $X per ton, with an increase of X% against the previous year. Over the last nine-year period, it increased at an average annual rate of +X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

Facsimile Machine Imports

Imports into Hong Kong SAR, China

In 2021, supplies from abroad of facsimile machines was finally on the rise to reach X tons after three years of decline. Overall, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, facsimile machine imports rose notably to $X in 2021. In general, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest facsimile machine supplier to Hong Kong SAR, with a X% share of total imports. Moreover, facsimile machine imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X tons), more than tenfold. Singapore (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Singapore (-X% per year).

In value terms, China ($X) constituted the largest supplier of facsimile machine to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by Thailand, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (-X% per year) and Thailand (-X% per year).

Import Prices by Country

In 2021, the average facsimile machine import price amounted to $X per ton, surging by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2021, the highest price was recorded for prices from Singapore ($X per ton) and China ($X per ton), while the price for the United Arab Emirates ($X per ton) and Australia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :