Hong Kong SAR, China: Filling Containers Machinery Market 2024

Filling Containers Machinery Market Size in Hong Kong SAR, China

The Hong Kong filling containers machinery market reached $X in 2021, remaining constant against the previous year. Overall, consumption, however, continues to indicate a pronounced decrease. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market remained at a somewhat lower figure.

Filling Containers Machinery Production in Hong Kong SAR, China

In value terms, filling containers machinery production contracted significantly to $X in 2021 estimated in export price. In general, production, however, recorded a buoyant expansion. The growth pace was the most rapid in 2019 when the production volume increased by 118% against the previous year. Filling containers machinery production peaked at $X in 2020, and then shrank dramatically in the following year.

Filling Containers Machinery Exports

Exports from Hong Kong SAR, China

After three years of growth, shipments abroad of machinery for filling, closing, sealing, capsuling or labelling containers decreased by -62% to X units in 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 1,256% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020, and then declined notably in the following year.

In value terms, filling containers machinery exports contracted sharply to $X in 2021. In general, exports faced a deep setback. The growth pace was the most rapid in 2019 with an increase of 119%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The Netherlands (X units) was the main destination for filling containers machinery exports from Hong Kong SAR, accounting for a 90% share of total exports. Moreover, filling containers machinery exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. China (X units) ranked third in terms of total exports with a 0.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands stood at +14.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-9.4% per year) and China (-34.2% per year).

In value terms, the Netherlands ($X) remains the key foreign market for machinery for filling, closing, sealing, capsuling or labelling containers exports from Hong Kong SAR, comprising 61% of total exports. The second position in the ranking was held by China ($X), with a 24% share of total exports. It was followed by the United States, with a 3.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +15.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-26.9% per year) and the United States (-11.9% per year).

Export Prices by Country

In 2021, the average filling containers machinery export price amounted to $X per unit, reducing by -6.8% against the previous year. In general, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2017 an increase of 86% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+19.2%), while the prices for the other major destinations experienced more modest paces of growth.

Filling Containers Machinery Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of machinery for filling, closing, sealing, capsuling or labelling containers decreased by -31.6% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2019 with an increase of 354% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, filling containers machinery imports contracted markedly to $X in 2021. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 77% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of filling containers machinery to Hong Kong SAR, with a 60% share of total imports. Moreover, filling containers machinery imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X units), threefold. Japan (X units) ranked third in terms of total imports with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-9.4% per year) and Japan (-19.2% per year).

In value terms, China ($X) constituted the largest supplier of machinery for filling, closing, sealing, capsuling or labelling containers to Hong Kong SAR, comprising 61% of total imports. The second position in the ranking was held by Germany ($X), with a 23% share of total imports. It was followed by Taiwan (Chinese), with a 5.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.8% per year) and Taiwan (Chinese) (-13.5% per year).

Import Prices by Country

The average filling containers machinery import price stood at $X per unit in 2021, which is down by -16.1% against the previous year. Overall, the import price, however, continues to indicate a pronounced increase. The pace of growth was the most pronounced in 2013 when the average import price increased by 169% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :