Hong Kong SAR, China: Levels Market 2024

Levels Market Size in Hong Kong SAR, China

The Hong Kong levels market rose slightly to $X in 2022, picking up by X% against the previous year. Over the period under review, consumption recorded a abrupt contraction. Levels consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Levels Production in Hong Kong SAR, China

In value terms, levels production totaled less than $X in 2022 estimated in export price. In general, production recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of X,100%. Levels production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Levels Exports

Exports from Hong Kong SAR, China

In 2022, exports of levels from Hong Kong SAR contracted significantly to X units, which is down by X% on the previous year. Overall, exports showed a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, levels exports declined significantly to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for levels exports from Hong Kong SAR, with a X% share of total exports. Moreover, levels exports to the United States exceeded the volume sent to the second major destination, Germany (X units), threefold. South Korea (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and South Korea (X% per year).

In value terms, the largest markets for levels exported from Hong Kong SAR were Japan ($X), the United States ($X) and Australia ($X), with a combined X% share of total exports. South Korea, Germany, Malaysia, China, the Netherlands, India and the UK lagged somewhat behind, together accounting for a further X%.

The Netherlands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among 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

The average levels export price stood at $X per unit in 2022, falling by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to the United States ($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 the UK (X%), while the prices for the other major destinations experienced more modest paces of growth.

Levels Imports

Imports into Hong Kong SAR, China

After two years of growth, purchases abroad of levels decreased by X% to X units in 2022. Over the period under review, imports faced a deep contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, levels imports declined dramatically to $X in 2022. Overall, imports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of levels to Hong Kong SAR, with a X% share of total imports. Moreover, levels imports from China exceeded the figures recorded by the second-largest supplier, Malaysia (X units), more than tenfold. The third position in this ranking was taken by Singapore (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Singapore (X% per year).

In value terms, China ($X) constituted the largest supplier of levels to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and the United States (X% per year).

Import Prices by Country

In 2022, the average levels import price amounted to $X per unit, rising by X% against the previous year. In general, the import price recorded a temperate increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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