Hong Kong SAR, China: Keyboards Market 2024

Keyboards Market Size in Hong Kong SAR, China

The Hong Kong keyboards market surged to $X in 2022, with an increase of 41% against the previous year. In general, consumption continues to indicate significant growth. Keyboards consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Keyboards Production in Hong Kong SAR, China

In value terms, keyboards production amounted to less than $X in 2022 estimated in export price. Over the period under review, production continues to indicate a deep downturn. The pace of growth was the most pronounced in 2014 when the production volume increased by 538%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Keyboards Exports

Exports from Hong Kong SAR, China

After two years of growth, shipments abroad of keyboards decreased by -51.2% to X units in 2022. Overall, exports saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 20%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, keyboards exports shrank significantly to $X in 2022. In general, exports recorded a noticeable curtailment. The growth pace was the most rapid in 2021 with an increase of 24%. As a result, the exports attained the peak of $X, and then reduced dramatically in the following year.

Exports by Country

China (X units) was the main destination for keyboards exports from Hong Kong SAR, accounting for a 33% share of total exports. Moreover, keyboards exports to China exceeded the volume sent to the second major destination, the United States (X units), twofold. Japan (X units) ranked third in terms of total exports with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at -7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-6.4% per year) and Japan (-0.5% per year).

In value terms, China ($X), the United States ($X) and the Netherlands ($X) were the largest markets for keyboards exported from Hong Kong SAR worldwide, with a combined 51% share of total exports. Japan, Germany, Taiwan (Chinese), the UK, France, South Korea, Singapore and Vietnam lagged somewhat behind, together comprising a further 28%.

Taiwan (Chinese), with a CAGR of +10.7%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average keyboards export price amounted to $X per unit, rising by 18% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, keyboards export price increased by +102.3% against 2014 indices. The pace of growth was the most pronounced in 2018 an increase of 19% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.

Keyboards Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of keyboards decreased by -57.7% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a abrupt contraction. The pace of growth was the most pronounced in 2020 when imports increased by 18% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, keyboards imports shrank remarkably to $X in 2022. Overall, imports saw a perceptible shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 24% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then dropped rapidly in the following year.

Imports by Country

In 2022, China (X units) constituted the largest supplier of keyboards to Hong Kong SAR, accounting for a 86% share of total imports. Moreover, keyboards imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), ninefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled -8.9%.

In value terms, China ($X) constituted the largest supplier of keyboards to Hong Kong SAR, comprising 79% of total imports. The second position in the ranking was held by Thailand ($X), with an 11% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -3.8%.

Import Prices by Country

In 2022, the average keyboards import price amounted to $X per unit, growing by 35% against the previous year. In general, import price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, keyboards import price increased by +100.7% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+11.0%).

Source: IndexBox Platform

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