Report Update Nov 1, 2024

Hong Kong SAR, China - Lifts, Elevators, Moving Stairways and Draglines - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Market for Lifts, Elevators, Moving Stairways and Draglines 2024

Market Size for Lifts, Elevators, Moving Stairways and Draglines in Hong Kong SAR, China

In 2022, after two years of decline, there was significant growth in the Hong Kong market for lifts, elevators, moving stairways and draglines, when its value increased by 26% to $X. Overall, consumption saw a relatively flat trend pattern. Lift, elevator, stairway and dragline consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Exports of Lifts, Elevators, Moving Stairways and Draglines

Exports from Hong Kong SAR, China

After two years of growth, shipments abroad of lifts, elevators, moving stairways and draglines decreased by -15.2% to X units in 2022. Overall, exports saw a mild reduction. The pace of growth was the most pronounced in 2014 with an increase of 54% against the previous year. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, lift, elevator, stairway and dragline exports soared to $X in 2022. In general, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2020 with an increase of 60% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X units) and China (X units) were the main destinations of lift, elevator, stairway and dragline exports from Hong Kong SAR.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +3.3%).

In value terms, Macao SAR ($X) remains the key foreign market for lifts, elevators, moving stairways and draglines exports from Hong Kong SAR, comprising 88% of total exports. The second position in the ranking was taken by China ($X), with a 12% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Macao SAR amounted to -1.8%.

Export Prices by Country

In 2022, the average export price for lifts, elevators, moving stairways and draglines amounted to $X per unit, increasing by 57% against the previous year. Over the period under review, the export price, however, showed a pronounced decline. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($X per unit), while the average price for exports to China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+1.0%), while the prices for the other major destinations experienced a decline.

Imports of Lifts, Elevators, Moving Stairways and Draglines

Imports into Hong Kong SAR, China

In 2022, approx. X units of lifts, elevators, moving stairways and draglines were imported into Hong Kong SAR; rising by 23% compared with 2021 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when imports increased by 43% against the previous year. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, lift, elevator, stairway and dragline imports skyrocketed to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 35%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest lift, elevator, stairway and dragline supplier to Hong Kong SAR, with a 77% share of total imports. Moreover, lift, elevator, stairway and dragline imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), ninefold. The third position in this ranking was taken by Japan (X units), with an 8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-0.4% per year) and Japan (-2.6% per year).

In value terms, China ($X) constituted the largest supplier of lifts, elevators, moving stairways and draglines to Hong Kong SAR, comprising 64% of total imports. The second position in the ranking was held by Japan ($X), with a 19% share of total imports. It was followed by Thailand, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+2.0% per year) and Thailand (+2.5% per year).

Import Prices by Country

The average import price for lifts, elevators, moving stairways and draglines stood at $X per unit in 2022, standing approx. at the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 40%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for lifts, elevators, moving stairways and draglines in the world?

China constituted the country with the largest volume of lift, elevator, stairway and dragline consumption, accounting for 22% of total volume. Moreover, lift, elevator, stairway and dragline consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. The third position in this ranking was occupied by India, with a 7.6% share.

What are the largest producers of lifts, elevators, moving stairways and draglines in the world?

China remains the largest lift, elevator, stairway and dragline producing country worldwide, accounting for 26% of total volume. Moreover, lift, elevator, stairway and dragline production in China exceeded the figures recorded by the second-largest producer, India, twofold. The United States ranked third in terms of total production with a 7.6% share.

What are the leading suppliers of lifts, elevators, moving stairways and draglines to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of lift, elevator, stairway and dragline to Hong Kong SAR, comprising 54% of total imports. The second position in the ranking was occupied by Japan, with a 20% share of total imports. It was followed by Thailand, with a 12% share.

What are the leading importers of lifts, elevators, moving stairways and draglines from Hong Kong SAR, China?

In value terms, Macao SAR remains the key foreign market for lift, elevator, stairway and dragline exports from Hong Kong SAR, comprising 68% of total exports. The second position in the ranking was occupied by China, with a 32% share of total exports.

What is the average export price for lifts, elevators, moving stairways and draglines in Hong Kong SAR, China?

In 2021, the average export price for lifts, elevators, moving stairways and draglines amounted to $18,910 per unit, surging by 2.9% against the previous year.

What is the average import price for lifts, elevators, moving stairways and draglines in Hong Kong SAR, China?

In 2021, the average import price for lifts, elevators, moving stairways and draglines amounted to $32,938 per unit, surging by 22% against the previous year.

This report provides an in-depth analysis of the market for lift, elevator, stairway and dragline 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 28221630 - Electrically operated lifts and skip hoists
Prodcom 28221650 - Lifts and skip hoists (excluding electrically operated)
Prodcom 28221670 - Escalators and moving walkways
Prodcom 28221740 - Pneumatic elevators and conveyors
Prodcom 28221820 - Teleferics, chair-lifts, ski-draglines and traction mechanisms for funiculars

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