Hong Kong SAR, China: Hand Saw Market 2025

Hand Saw Market Size in Hong Kong SAR, China

In 2022, the Hong Kong hand saw market decreased by -89% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption saw a precipitous curtailment. Hand saw consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Hand Saw Exports

Exports from Hong Kong SAR, China

In 2022, hand saw exports from Hong Kong SAR skyrocketed to X tons, increasing by 80% on the year before. Over the period under review, exports, however, saw a abrupt shrinkage. The growth pace was the most rapid in 2017 when exports increased by 98%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, hand saw exports skyrocketed to $X in 2022. In general, exports, however, showed a deep downturn. The pace of growth was the most pronounced in 2017 when exports increased by 105%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for hand saw exports from Hong Kong SAR, with a 46% share of total exports. Moreover, hand saw exports to the UK exceeded the volume sent to the second major destination, China (X tons), threefold. Singapore (X tons) ranked third in terms of total exports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume to the UK amounted to +383.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-26.4% per year) and Singapore (-14.4% per year).

In value terms, the UK ($X) emerged as the key foreign market for hand saws exports from Hong Kong SAR, comprising 46% of total exports. The second position in the ranking was taken by China ($X), with a 14% share of total exports. It was followed by Singapore, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the UK stood at +348.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-25.6% per year) and Singapore (-13.5% per year).

Export Prices by Country

The average hand saw export price stood at $X per ton in 2022, falling by -15.2% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2020 when the average export price increased by 12%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Portugal ($X per ton) and China ($X per ton), while the average price for exports to Japan ($X per ton) and the United States ($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 (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.

Hand Saw Imports

Imports into Hong Kong SAR, China

Hand saw imports into Hong Kong SAR shrank markedly to X tons in 2022, reducing by -47.8% on 2021 figures. Overall, imports faced a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 72%. Over the period under review, imports reached the peak figure at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, hand saw imports shrank notably to $X in 2022. In general, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 77%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Japan (X tons), China (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of hand saw imports to Hong Kong SAR, with a combined 73% share of total imports. The United States, South Korea, Germany and the Netherlands lagged somewhat behind, together accounting for a further 19%.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +0.8%), while purchases for the other leaders experienced a decline.

In value terms, Japan ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest hand saw suppliers to Hong Kong SAR, with a combined 73% share of total imports. The United States, South Korea, Germany and the Netherlands lagged somewhat behind, together comprising a further 19%.

In terms of the main suppliers, South Korea, with a CAGR of +2.4%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average hand saw import price stood at $X per ton in 2022, shrinking by -4.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 15%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then reduced modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and the Netherlands ($X per ton), while the price for Germany ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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