Hong Kong SAR, China: Metal Hammer Market 2025

Metal Hammer Market Size in Hong Kong SAR, China

For the third year in a row, the Hong Kong metal hammer market recorded growth in sales value, which increased by 10% to $X in 2022. In general, the total consumption indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +7.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +98.0% against 2013 indices. Metal hammer consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Metal Hammer Production in Hong Kong SAR, China

In value terms, metal hammer production reduced to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 with an increase of 59% against the previous year. Metal hammer production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Metal Hammer Exports

Exports from Hong Kong SAR, China

After two years of decline, shipments abroad of hammers and sledge hammers with working part of metal increased by 126% to X tons in 2022. Overall, exports, however, continue to indicate a abrupt descent. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal hammer exports skyrocketed to $X in 2022. In general, exports, however, showed a abrupt curtailment. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for metal hammer exports from Hong Kong SAR, accounting for a 79% share of total exports. Moreover, metal hammer exports to the United States exceeded the volume sent to the second major destination, Sweden (X tons), more than tenfold. The Netherlands (X kg) ranked third in terms of total exports with a 2.6% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled +11.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+1.6% per year) and the Netherlands (-12.5% per year).

In value terms, the United States ($X) emerged as the key foreign market for hammers and sledge hammers with working part of metal exports from Hong Kong SAR, comprising 79% of total exports. The second position in the ranking was held by Sweden ($X), with a 3.7% share of total exports. It was followed by the Netherlands, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+5.2% per year) and the Netherlands (-8.6% per year).

Export Prices by Country

The average metal hammer export price stood at $X per ton in 2022, waning by -23.7% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average export price increased by 23% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to China ($X per ton) and the United States ($X per ton), while the average price for exports to Japan ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Hammer Imports

Imports into Hong Kong SAR, China

In 2022, after three years of decline, there was significant growth in purchases abroad of hammers and sledge hammers with working part of metal, when their volume increased by 72% to X tons. Over the period under review, imports, however, recorded a pronounced decrease. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, metal hammer imports soared to $X in 2022. In general, imports, however, recorded a abrupt decrease. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, South Korea (X tons) constituted the largest metal hammer supplier to Hong Kong SAR, with a 42% share of total imports. Moreover, metal hammer imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Taiwan (Chinese) (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Korea stood at +10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-18.1% per year) and Taiwan (Chinese) (+48.5% per year).

In value terms, South Korea ($X) constituted the largest supplier of hammers and sledge hammers with working part of metal to Hong Kong SAR, comprising 42% of total imports. The second position in the ranking was held by China ($X), with a 16% share of total imports. It was followed by Taiwan (Chinese), with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from South Korea stood at +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.2% per year) and Taiwan (Chinese) (+50.0% per year).

Import Prices by Country

The average metal hammer import price stood at $X per ton in 2022, dropping by -8% against the previous year. Overall, the import price saw a slight contraction. The pace of growth was the most pronounced in 2020 an increase of 28% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per ton) and Taiwan (Chinese) ($X per ton), while the price for the UK ($X per ton) and Vietnam ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+1.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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