Hong Kong SAR, China: Market for Machine-Tools For Working Stone, Ceramics, And Concrete 2024

Market Size for Machine-Tools For Working Stone, Ceramics, And Concrete in Hong Kong SAR, China

The Hong Kong market for machine-tools for working stone, ceramics, and concrete dropped dramatically to $X in 2022, reducing by -38.5% against the previous year. Overall, consumption continues to indicate a pronounced decrease. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Production of Machine-Tools For Working Stone, Ceramics, And Concrete in Hong Kong SAR, China

In value terms, machine tools for working stone production fell remarkably to $X in 2022 estimated in export price. Over the period under review, production recorded a deep reduction. The pace of growth appeared the most rapid in 2019 with an increase of 742%. Machine tools for working stone production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Machine-Tools For Working Stone, Ceramics, And Concrete

Exports from Hong Kong SAR, China

In 2022, shipments abroad of machine-tools for working stone, ceramics, and concrete was finally on the rise to reach X units after three years of decline. In general, exports, however, continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2018 with an increase of 428% against the previous year. As a result, the exports attained the peak of X units. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, machine tools for working stone exports skyrocketed to $X in 2022. Over the period under review, exports, however, showed a precipitous decrease. The pace of growth was the most pronounced in 2018 with an increase of 564% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for machine tools for working stone exports from Hong Kong SAR, accounting for a 72% share of total exports. Moreover, machine tools for working stone exports to China exceeded the volume sent to the second major destination, France (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -42.5%.

In value terms, China ($X) remains the key foreign market for machine-tools for working stone, ceramics, and concrete exports from Hong Kong SAR, comprising 72% of total exports. The second position in the ranking was held by France ($X), with a 28% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China amounted to -42.6%.

Export Prices by Country

In 2022, the average export price for machine-tools for working stone, ceramics, and concrete amounted to $X per unit, surging by 33% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($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 Taiwan (Chinese) (+2.1%).

Imports of Machine-Tools For Working Stone, Ceramics, And Concrete

Imports into Hong Kong SAR, China

In 2022, the amount of machine-tools for working stone, ceramics, and concrete imported into Hong Kong SAR fell rapidly to X units, with a decrease of -19.6% against the year before. In general, imports showed a abrupt slump. The growth pace was the most rapid in 2018 with an increase of 541% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, machine tools for working stone imports shrank notably to $X in 2022. Overall, imports recorded a abrupt setback. The growth pace was the most rapid in 2018 with an increase of 639%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest machine tools for working stone supplier to Hong Kong SAR, accounting for a 65% share of total imports. Moreover, machine tools for working stone imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. Singapore (X units) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-24.5% per year) and Singapore (-14.5% per year).

In value terms, China ($X) constituted the largest supplier of machine-tools for working stone, ceramics, and concrete to Hong Kong SAR, comprising 65% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by Singapore, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-25.1% per year) and Singapore (-15.3% per year).

Import Prices by Country

The average import price for machine-tools for working stone, ceramics, and concrete stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 15% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and China ($X per unit), while the price for Singapore ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (-0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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