Hong Kong SAR, China: Household Dishwashing Machine Market 2024

Household Dishwashing Machine Market Size in Hong Kong SAR, China

The Hong Kong household dishwashing machine market shrank to $X in 2022, falling by -8.2% against the previous year. Over the period under review, the total consumption indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +4.9% 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 +6.7% against 2020 indices. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Household Dishwashing Machine Production in Hong Kong SAR, China

In value terms, household dishwashing machine production reduced modestly to $X in 2022 estimated in export price. Overall, the total production indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.1% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the production volume increased by 82% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Household Dishwashing Machine Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of household dishwashing machines decreased by -83.5% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports showed a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 623% against the previous year. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, household dishwashing machine exports plummeted to $X in 2022. Over the period under review, exports, however, showed moderate growth. The most prominent rate of growth was recorded in 2013 with an increase of 922% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Macao SAR (X units), China (X units) and Japan (X units) were the main destinations of household dishwashing machine exports from Hong Kong SAR, together comprising 92% of total exports. The United States and Vietnam lagged somewhat behind, together comprising a further 5.8%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +88.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Macao SAR ($X) emerged as the key foreign market for household dishwashing machines exports from Hong Kong SAR, comprising 69% of total exports. The second position in the ranking was taken by China ($X), with a 20% share of total exports. It was followed by Japan, with a 9.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR amounted to +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-7.8% per year) and Japan (-38.6% per year).

Export Prices by Country

In 2022, the average household dishwashing machine export price amounted to $X per unit, with an increase of 131% against the previous year. Over the period under review, the export price enjoyed a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per unit), while the average price for exports to the United States ($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 (+9.0%), while the prices for the other major destinations experienced mixed trend patterns.

Household Dishwashing Machine Imports

Imports into Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in supplies from abroad of household dishwashing machines, when their volume decreased by -41.2% to X units. Overall, imports, however, posted prominent growth. The pace of growth was the most pronounced in 2016 when imports increased by 486% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, household dishwashing machine imports shrank significantly to $X in 2022. Over the period under review, imports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 185% against the previous year. Imports peaked at $X in 2021, and then fell sharply in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of household dishwashing machine to Hong Kong SAR, accounting for a 49% share of total imports. Moreover, household dishwashing machine imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. Germany (X units) 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 China amounted to +11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+77.9% per year) and Germany (-0.1% per year).

In value terms, Germany ($X), China ($X) and Spain ($X) constituted the largest household dishwashing machine suppliers to Hong Kong SAR, with a combined 79% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +75.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average household dishwashing machine import price stood at $X per unit in 2022, surging by 39% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average import price increased by 45% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :