Report Update Nov 1, 2024

Hong Kong SAR, China - Industrial Bakery Machinery - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Industrial Bakery Machinery Market 2024

Industrial Bakery Machinery Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of industrial bakery machinery were finally on the rise to reach X units after three years of decline. In general, exports, however, continue to indicate a abrupt contraction. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, industrial bakery machinery exports soared to $X in 2022. Overall, exports, however, recorded a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units), China (X units) and Pakistan (X units) were the main destinations of industrial bakery machinery exports from Hong Kong SAR, together comprising 57% of total exports. These countries were followed by Macao SAR, the United States, Saudi Arabia, the Philippines, the United Arab Emirates, France, Zambia, Singapore, Thailand and Maldives, which together accounted for a further 38%.

From 2012 to 2022, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +103.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for industrial bakery machinery exported from Hong Kong SAR were Vietnam ($X), China ($X) and Pakistan ($X), together accounting for 56% of total exports. Macao SAR, the United States, Saudi Arabia, the Philippines, the United Arab Emirates, France, Zambia, Singapore, Maldives and Thailand lagged somewhat behind, together accounting for a further 37%.

Among the main countries of destination, the United Arab Emirates, with a CAGR of +88.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average industrial bakery machinery export price stood at $X per unit in 2022, declining by -6.4% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 8.6% against the previous year. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Zambia ($X per unit) and Vietnam ($X per unit), while the average price for exports to Maldives ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.

Industrial Bakery Machinery Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of industrial bakery machinery increased by 69% to X units, rising for the second consecutive year after four years of decline. Overall, imports, however, continue to indicate a mild reduction. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, industrial bakery machinery imports surged to $X in 2022. In general, imports, however, showed a slight decline. Imports peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Japan (X units) constituted the largest industrial bakery machinery supplier to Hong Kong SAR, with a 58% share of total imports. Moreover, industrial bakery machinery imports from Japan exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. The third position in this ranking was held by Italy (X units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume from Japan stood at +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.5% per year) and Italy (-7.0% per year).

In value terms, Japan ($X) constituted the largest supplier of industrial bakery machinery to Hong Kong SAR, comprising 58% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 20% share of total imports. It was followed by Italy, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from Japan stood at +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-2.6% per year) and Italy (-7.1% per year).

Import Prices by Country

The average industrial bakery machinery import price stood at $X per unit in 2022, reducing by -5.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 7.8% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and Canada ($X per unit), while the price for Italy ($X per unit) and Switzerland ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (-0.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for industrial bakery machinery in the world?

The countries with the highest volumes of in 2021 were China, South Africa and the United States, with a combined 85% share of global consumption.

What are the largest producers of industrial bakery machinery in the world?

China constituted the country with the largest volume of industrial bakery machinery production, comprising approx. 77% of total volume. Moreover, industrial bakery machinery production in China exceeded the figures recorded by the second-largest producer, Italy, more than tenfold. The third position in this ranking was occupied by India, with a 2.5% share.

What are the leading suppliers of industrial bakery machinery to Hong Kong SAR, China?

In value terms, the largest industrial bakery machinery suppliers to Hong Kong SAR were Taiwan Chinese), Japan and Italy, with a combined 84% share of total imports.

What are the leading importers of industrial bakery machinery from Hong Kong SAR, China?

In value terms, China, Pakistan and Singapore appeared to be the largest markets for industrial bakery machinery exported from Hong Kong SAR worldwide, together comprising 58% of total exports.

What is the average export price for industrial bakery machinery in Hong Kong SAR, China?

The average industrial bakery machinery export price stood at $1,137 per unit in 2021, waning by -41.1% against the previous year.

What is the average import price for industrial bakery machinery in Hong Kong SAR, China?

The average industrial bakery machinery import price stood at $3,615 per unit in 2021, surging by 91% against the previous year.

This report provides an in-depth analysis of the industrial bakery machinery market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 28931713 - Industrial bakery machinery (excluding non-electric ovens)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023