Hong Kong SAR, China: Agricultural Harvester Market 2024

Agricultural Harvester Market Size in Hong Kong SAR, China

The Hong Kong agricultural harvester market expanded modestly to $X in 2022, increasing by X% against the previous year. In general, consumption, however, continues to indicate a slight decrease. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Agricultural Harvester Production in Hong Kong SAR, China

In value terms, agricultural harvester production totaled $X in 2022 estimated in export price. Over the period under review, production, however, recorded a mild contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Agricultural harvester production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Agricultural Harvester Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of agricultural harvesters decreased by X% to X units, falling for the fourth year in a row after two years of growth. Overall, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, agricultural harvester exports skyrocketed to $X in 2022. In general, exports faced a sharp downturn. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Cambodia (X units), Madagascar (X units) and Bulgaria (X units) were the main destinations of agricultural harvester exports from Hong Kong SAR, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Madagascar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Malawi ($X) and Sri Lanka ($X) constituted the largest markets for agricultural harvester exported from Hong Kong SAR worldwide, with a combined X% share of total exports. Finland, Madagascar, Bulgaria, Botswana, Nigeria, Mozambique, Honduras, Cambodia, Bolivia and Ecuador lagged somewhat behind, together comprising a further X%.

Bulgaria, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average agricultural harvester export price amounted to $X per unit, growing by X% against the previous year. Overall, the export price, however, continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Ecuador ($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 Malawi (X%), while the prices for the other major destinations experienced mixed trend patterns.

Agricultural Harvester Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of agricultural harvesters decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, imports faced a abrupt slump. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, agricultural harvester imports soared to $X in 2022. Over the period under review, imports recorded a precipitous slump. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Sweden (X units) were the main suppliers of agricultural harvester imports to Hong Kong SAR, together accounting for X% of total imports. Moreover, agricultural harvester imports in China exceeded the figures recorded by the second-largest supplier, Japan, twofold.

From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the Netherlands ($X), China ($X) and Japan ($X) constituted the largest agricultural harvester suppliers to Hong Kong SAR, together comprising X% of total imports.

The Netherlands, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average agricultural harvester import price amounted to $X per unit, surging by X% against the previous year. Overall, the import price, however, recorded a abrupt contraction. The most prominent rate of growth was recorded in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

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 the Netherlands ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :