Hong Kong SAR, China: Market for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps 2025

Market Size for Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Hong Kong SAR, China

The Hong Kong market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps contracted rapidly to $X in 2021, declining by -28.7% against the previous year. In general, consumption, however, posted a tangible increase. Consumption of peaked at $X in 2020, and then dropped dramatically in the following year.

Production of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps in Hong Kong SAR, China

In value terms, production of hydraulic pumps (gear or vane) and other rotary positive displacement pumps fell notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 228%. Production of peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Exports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Exports from Hong Kong SAR, China

In 2021, the amount of hydraulic pumps (gear or vane) and other rotary positive displacement pumps exported from Hong Kong SAR totaled X units, surging by 13% compared with 2020 figures. In general, exports, however, saw a mild shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 41% against the previous year. Over the period under review, the exports of attained the maximum at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps skyrocketed to $X in 2021. Over the period under review, exports showed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units) was the main destination for exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from Hong Kong SAR, accounting for a 62% share of total exports. Moreover, exports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps to China exceeded the volume sent to the second major destination, the United States (X units), fivefold. The third position in this ranking was held by the UK (X units), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled -3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+3.7% per year) and the UK (+18.7% per year).

In value terms, China ($X) remains the key foreign market for hydraulic pumps (gear or vane) and other rotary positive displacement pumps exports from Hong Kong SAR, comprising 93% of total exports. The second position in the ranking was held by the United States ($X), with a 2.4% share of total exports. It was followed by the UK, with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled +8.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.3% per year) and the UK (+16.0% per year).

Export Prices by Country

The average export price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, picking up by 43% against the previous year. Over the period under review, the export price recorded a resilient expansion. The pace of growth was the most pronounced in 2018 an increase of 65% against the previous year. The export price peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.8%), while the prices for the other major destinations experienced a decline.

Imports of Hydraulic Pumps (Gear or Vane) and other Rotary Positive Displacement Pumps

Imports into Hong Kong SAR, China

In 2021, approx. X units of hydraulic pumps (gear or vane) and other rotary positive displacement pumps were imported into Hong Kong SAR; approximately reflecting 2020 figures. Overall, imports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 when imports increased by 216% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps soared to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports of reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest hydraulic pump (gear or vane) and other rotary positive displacement pump supplier to Hong Kong SAR, with a 73% share of total imports. Moreover, imports of hydraulic pumps (gear or vane) and other rotary positive displacement pumps from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. Italy (X units) ranked third in terms of total imports with a 2.5% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.5% per year) and Italy (-9.2% per year).

In value terms, China ($X), Japan ($X) and Germany ($X) were the largest hydraulic pump (gear or vane) and other rotary positive displacement pump suppliers to Hong Kong SAR, with a combined 80% share of total imports. These countries were followed by Singapore, the United States, Italy and Canada, which together accounted for a further 9.8%.

Among the main suppliers, Canada, with a CAGR of +32.9%, saw 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 import price for hydraulic pumps (gear or vane) and other rotary positive displacement pumps stood at $X per unit in 2021, increasing by 31% against the previous year. Over the period under review, the import price saw a prominent increase. The pace of growth was the most pronounced in 2020 an increase of 72%. Over the period under review, average import prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+21.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform