Hong Kong SAR, China: Ironing Machine Market 2022

Ironing Machine Market Size in Hong Kong SAR, China

For the third consecutive year, the Hong Kong ironing machine market recorded growth in sales value, which increased by X% to $X in 2021. Over the period under review, the total consumption indicated temperate growth from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -X% against 2017 indices. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Ironing Machine Production in Hong Kong SAR, China

In value terms, ironing machine production rose significantly to $X in 2021 estimated in export price. Over the period under review, production posted a noticeable expansion. The pace of growth appeared the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Ironing Machine Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of ironing machines and presses was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, saw a deep downturn. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ironing machine exports soared to $X in 2021. Over the period under review, exports, however, faced a deep contraction. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units), Bangladesh (X units) and Cambodia (X units) were the main destinations of ironing machine exports from Hong Kong SAR, together accounting for X% of total exports. Vietnam, Kenya, Oman and the United States lagged somewhat behind, together accounting for a further X 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kenya (with a CAGR of +X%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), Bangladesh ($X) and Cambodia ($X) were the largest markets for ironing machine exported from Hong Kong SAR worldwide, together accounting for X% of total exports. China, the United States, Kenya and Oman lagged somewhat behind, together comprising a further X terms of the main countries of destination, the United States, with a CAGR of +X%, recorded the highest rates of growth with regard to 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 ironing machine export price stood at $X per unit in 2021, growing by X% against the previous year. Over the period under review, the export price, however, continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2019 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Vietnam ($X per unit), while the average price for exports to Oman ($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 Vietnam (+X%), while the prices for the other major destinations experienced a decline.

Ironing Machine Imports

Imports into Hong Kong SAR, China

For the fifth year in a row, Hong Kong SAR recorded decline in purchases abroad of ironing machines and presses, which decreased by -X% to X units in 2021. Overall, imports recorded a significant decrease. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ironing machine imports declined significantly to $X in 2021. In general, imports faced a dramatic descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and South Korea (X units) were the main suppliers of ironing machine imports to Hong Kong SAR, with a combined X% share of total imports. Germany, the United States and Taiwan (Chinese) lagged somewhat behind, together comprising a further X 2012 to 2021, the biggest increases were in Taiwan (Chinese) (with a CAGR of +X%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of ironing machine to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to -X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-X% per year) and Japan (-X% per year).

Import Prices by Country

The average ironing machine import price stood at $X per unit in 2021, which is down by -X% against the previous year. In general, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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