Hong Kong SAR, China: Hydraulic Press Market 2024

Hydraulic Press Market Size in Hong Kong SAR, China

The Hong Kong hydraulic press market amounted to $X in 2022, growing by 8.8% against the previous year. Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -16.2% against 2018 indices. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Hydraulic Press Production in Hong Kong SAR, China

In value terms, hydraulic press production stood at $X in 2022 estimated in export price. Overall, the total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +8.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -5.8% against 2020 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by 94% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Hydraulic Press Exports

Exports from Hong Kong SAR, China

After two years of growth, overseas shipments of hydraulic presses for working metal decreased by -18.1% to X units in 2022. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 2,125% against the previous year. Over the period under review, the exports attained the maximum at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, hydraulic press exports shrank to $X in 2022. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 1,926%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for hydraulic press exports from Hong Kong SAR, accounting for a 99% share of total exports. It was followed by the Philippines (X units), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +30.8%.

In value terms, China ($X) remains the key foreign market for hydraulic presses for working metal exports from Hong Kong SAR, comprising 100% of total exports. The second position in the ranking was held by the Philippines ($X), with a 0.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China amounted to +20.6%.

Export Prices by Country

In 2022, the average hydraulic press export price amounted to $X per unit, rising by 7.6% against the previous year. Overall, the export price, however, continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2017 when the average export price increased by 260% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

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 the Philippines amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (-2.4%), while the prices for the other major destinations experienced a decline.

Hydraulic Press Imports

Imports into Hong Kong SAR, China

In 2022, imports of hydraulic presses for working metal into Hong Kong SAR contracted significantly to X units, waning by -15.7% compared with the previous year's figure. In general, imports, however, showed a buoyant increase. The growth pace was the most rapid in 2019 with an increase of 496% against the previous year. Over the period under review, imports reached the peak figure at X units in 2021, and then fell significantly in the following year.

In value terms, hydraulic press imports fell to $X in 2022. Overall, imports, however, continue to indicate a prominent increase. The growth pace was the most rapid in 2019 when imports increased by 837% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest hydraulic press supplier to Hong Kong SAR, with a 40% share of total imports. Moreover, hydraulic press imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by Taiwan (Chinese) (X units), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +41.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+27.7% per year) and Taiwan (Chinese) (+25.9% per year).

In value terms, China ($X) constituted the largest supplier of hydraulic presses for working metal to Hong Kong SAR, comprising 42% of total imports. The second position in the ranking was held by Japan ($X), with a 17% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +41.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.1% per year) and Taiwan (Chinese) (+31.1% per year).

Import Prices by Country

In 2022, the average hydraulic press import price amounted to $X per unit, picking up by 3.8% against the previous year. Overall, the import price, however, saw a perceptible slump. The pace of growth was the most pronounced in 2019 when the average import price increased by 57%. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :