Hong Kong SAR, China: Hand-Held Blow Pipe Market 2024

Hand-Held Blow Pipe Market Size in Hong Kong SAR, China

The Hong Kong hand-held blow pipe market was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, continues to indicate a deep setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Hand-Held Blow Pipe Production in Hong Kong SAR, China

In value terms, hand-held blow pipe production expanded remarkably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by 32% against the previous year. Hand-held blow pipe production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Hand-Held Blow Pipe Exports

Exports from Hong Kong SAR, China

Hand-held blow pipe exports from Hong Kong SAR surged to X units in 2021, picking up by 91% compared with 2020. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 115%. Over the period under review, the exports attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, hand-held blow pipe exports soared to $X in 2021. In general, exports enjoyed a strong expansion. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for hand-held blow pipe exports from Hong Kong SAR, accounting for a 95% share of total exports. It was followed by the Philippines (X units), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +25.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-3.6% per year) and Taiwan (Chinese) (-39.1% per year).

In value terms, China ($X) remains the key foreign market for hand-held blow pipes for soldering, brazing or welding exports from Hong Kong SAR, comprising 95% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 2.2% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China amounted to +24.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (-5.1% per year) and Taiwan (Chinese) (-40.3% per year).

Export Prices by Country

The average hand-held blow pipe export price stood at $X per unit in 2021, with a decrease of -3% against the previous year. Over the period under review, the export price showed a noticeable slump. The pace of growth was the most pronounced in 2014 when the average export price increased by 9.4%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+19.2%), while the prices for the other major destinations experienced mixed trend patterns.

Hand-Held Blow Pipe Imports

Imports into Hong Kong SAR, China

In 2021, the amount of hand-held blow pipes for soldering, brazing or welding imported into Hong Kong SAR soared to X units, with an increase of 34% against the previous year's figure. Overall, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +2.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +64.2% against 2017 indices. Imports peaked at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, hand-held blow pipe imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, South Korea (X units) constituted the largest supplier of hand-held blow pipe to Hong Kong SAR, with a 64% share of total imports. Moreover, hand-held blow pipe imports from South Korea exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by the United States (X units), with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from South Korea stood at +8.2%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+11.0% per year) and the United States (-2.3% per year).

In value terms, South Korea ($X) constituted the largest supplier of hand-held blow pipes for soldering, brazing or welding to Hong Kong SAR, comprising 64% of total imports. The second position in the ranking was held by China ($X), with a 15% share of total imports. It was followed by the United States, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from South Korea totaled +4.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.2% per year) and the United States (-5.6% per year).

Import Prices by Country

The average hand-held blow pipe import price stood at $X per unit in 2021, with an increase of 15% against the previous year. In general, the import price, however, showed a noticeable setback. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Japan ($X per unit) and the United States ($X per unit), while the price for South Korea ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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