
Hong Kong SAR, China - Instruments and Apparatus for Measuring or Checking the Flow or Level of Liquids - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kong SAR, China: Measuring Instrument Market 2022
Measuring Instrument Market Size in Hong Kong SAR, China
For the third consecutive year, the Hong Kong measuring instrument market recorded growth in sales value, which increased by 34% to $X in 2021. Overall, consumption saw a buoyant expansion. Measuring instrument consumption peaked in 2021 and is likely to see gradual growth in the near future.
Measuring Instrument Exports
Exports from Hong Kong SAR, China
In 2021, shipments abroad of instruments and apparatus for measuring or checking the flow or level of liquids decreased by -1.4% to X units, falling for the third consecutive year after three years of growth. In general, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 156% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.
In value terms, measuring instrument exports reduced to $X in 2021. Overall, exports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2014 with an increase of 42%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.
Exports by Country
China (X units) was the main destination for measuring instrument exports from Hong Kong SAR, with a 75% share of total exports. Moreover, measuring instrument exports to China exceeded the volume sent to the second major destination, the United States (X units), sevenfold. The third position in this ranking was taken by France (X units), with an 8.9% share.
From 2012 to 2021, the average annual growth rate of volume to China amounted to +22.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+40.4% per year) and France (+22.8% per year).
In value terms, China ($X) remains the key foreign market for measuring instrument exports from Hong Kong SAR, comprising 60% of total exports. The second position in the ranking was taken by Germany ($X), with a 7.4% share of total exports. It was followed by the United States, with a 7.3% share.
From 2012 to 2021, the average annual growth rate of value to China amounted to -5.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+17.3% per year) and the United States (+11.3% per year).
Export Prices by Country
In 2021, the average measuring instrument export price amounted to $X per unit, therefore, remained relatively stable against the previous year. Overall, the export price, however, saw a dramatic downturn. The pace of growth was the most pronounced in 2015 when the average export price increased by 22% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Germany ($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 Germany (+4.5%), while the prices for the other major destinations experienced a decline.
Measuring Instrument Imports
Imports into Hong Kong SAR, China
In 2021, purchases abroad of instruments and apparatus for measuring or checking the flow or level of liquids increased by 22% to X units, rising for the fifth consecutive year after two years of decline. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 122% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.
In value terms, measuring instrument imports rose to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 44%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2021, imports failed to regain momentum.
Imports by Country
In 2021, China (X units) constituted the largest supplier of measuring instrument to Hong Kong SAR, accounting for a 84% share of total imports. Moreover, measuring instrument imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 3.2% share.
From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +28.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+12.1% per year) and the United States (+12.5% per year).
In value terms, the largest measuring instrument suppliers to Hong Kong SAR were China ($X), Germany ($X) and the UK ($X), together accounting for 64% of total imports. Switzerland and the United States lagged somewhat behind, together accounting for a further 17%.
Switzerland, with a CAGR of +6.7%, 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 2021, the average measuring instrument import price amounted to $X per unit, with a decrease of -16.5% against the previous year. In general, the import price showed a precipitous setback. The most prominent rate of growth was recorded in 2015 when the average import price increased by 17%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (-11.4%), while the prices for the other major suppliers experienced a decline.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the measuring instrument 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 26515235 - Electronic flow meters (excluding supply meters, hydrometric paddle-wheels)
- Prodcom 26515239 - Electronic instruments and apparatus for measuring or checking the level of liquids
- Prodcom 26515255 - Non-electronic flow meters (excluding supply meters, h ydrometric paddle-wheels)
- Prodcom 26515259 - Non-electronic instruments and apparatus for measuring or checking the level of liquids
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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