Hong Kong SAR, China: Hand-Operated Air Pump Market 2024

Hand-Operated Air Pump Market Size in Hong Kong SAR, China

The Hong Kong hand-operated air pump market surged to $X in 2022, picking up by 153% against the previous year. Over the period under review, consumption enjoyed buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Hand-Operated Air Pump Production in Hong Kong SAR, China

In value terms, hand-operated air pump production skyrocketed to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 when the production volume increased by 122% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Hand-Operated Air Pump Exports

Exports from Hong Kong SAR, China

In 2022, approx. X units of hand or foot-operated air pumps were exported from Hong Kong SAR; reducing by -39.5% compared with 2021 figures. Overall, exports showed a dramatic contraction. The pace of growth appeared the most rapid in 2014 when exports increased by 85% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, hand-operated air pump exports fell notably to $X in 2022. In general, exports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 40%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for hand-operated air pump exports from Hong Kong SAR, accounting for a 46% share of total exports. Moreover, hand-operated air pump exports to China exceeded the volume sent to the second major destination, Japan (X units), threefold. The UK (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-17.8% per year) and the UK (+25.6% per year).

In value terms, China ($X) remains the key foreign market for hand or foot-operated air pumps exports from Hong Kong SAR, comprising 62% of total exports. The second position in the ranking was held by the UK ($X), with a 9.8% share of total exports. It was followed by the United States, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to China stood at -9.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+24.5% per year) and the United States (-23.8% per year).

Export Prices by Country

In 2022, the average hand-operated air pump export price amounted to $X per unit, picking up by 25% against the previous year. Over the period under review, the export price continues to indicate a strong increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 53% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Hand-Operated Air Pump Imports

Imports into Hong Kong SAR, China

For the fourth year in a row, Hong Kong SAR recorded decline in overseas purchases of hand or foot-operated air pumps, which decreased by -18% to X units in 2022. Overall, imports showed a dramatic slump. The pace of growth appeared the most rapid in 2018 with an increase of 156%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, hand-operated air pump imports declined to $X in 2022. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 with an increase of 75%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Taiwan (Chinese) (X units) and South Korea (X units) were the main suppliers of hand-operated air pump imports to Hong Kong SAR, with a combined 96% share of total imports. Japan lagged somewhat behind, comprising a further 2.4%.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of -5.7%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of hand or foot-operated air pumps to Hong Kong SAR, comprising 48% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 21% share of total imports. It was followed by Japan, with a 20% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-13.3% per year) and Japan (+13.8% per year).

Import Prices by Country

In 2022, the average hand-operated air pump import price amounted to $X per unit, surging by 11% against the previous year. Over the period under review, the import price showed a prominent expansion. The growth pace was the most rapid in 2020 an increase of 55% against the previous year. The import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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