Hong Kong SAR, China: Market for Machinery For Moulding Or Retreading Pneumatic Tyres 2025

Market Size for Machinery For Moulding Or Retreading Pneumatic Tyres in Hong Kong SAR, China

The Hong Kong pneumatic tyre retreading machinery market contracted notably to $X in 2022, with a decrease of -43.1% against the previous year. Over the period under review, consumption showed a pronounced decline. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Machinery For Moulding Or Retreading Pneumatic Tyres in Hong Kong SAR, China

In value terms, pneumatic tyre retreading machinery production contracted sharply to $X in 2022 estimated in export price. In general, production, however, continues to indicate significant growth. The pace of growth appeared the most rapid in 2021 when the production volume increased by 227%. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Exports of Machinery For Moulding Or Retreading Pneumatic Tyres

Exports from Hong Kong SAR, China

In 2022, exports of machinery for moulding or retreading pneumatic tyres from Hong Kong SAR surged to X units, growing by 38% on the year before. Over the period under review, exports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 767%. As a result, the exports reached the peak of X units. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, pneumatic tyre retreading machinery exports soared to $X in 2022. In general, exports, however, faced a sharp decline. The pace of growth was the most pronounced in 2019 when exports increased by 1,317% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for pneumatic tyre retreading machinery exports from Hong Kong SAR, accounting for a 27% share of total exports. Moreover, pneumatic tyre retreading machinery exports to the Netherlands exceeded the volume sent to the second major destination, the Philippines (X units), threefold. Tanzania (X units) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands stood at +44.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (0.0% per year) and Tanzania (-23.5% per year).

In value terms, the Netherlands ($X) remains the key foreign market for machinery for moulding or retreading pneumatic tyres exports from Hong Kong SAR, comprising 54% of total exports. The second position in the ranking was held by Singapore ($X), with a 16% share of total exports. It was followed by Sri Lanka, with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Netherlands stood at +29.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (-23.1% per year) and Sri Lanka (-7.4% per year).

Export Prices by Country

The average pneumatic tyre retreading machinery export price stood at $X per unit in 2022, rising by 9.8% against the previous year. Overall, the export price, however, faced a dramatic shrinkage. The growth pace was the most rapid in 2015 an increase of 223% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 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 the Netherlands ($X per unit), while the average price for exports to Switzerland ($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 Sri Lanka (-7.4%), while the prices for the other major destinations experienced a decline.

Imports of Machinery For Moulding Or Retreading Pneumatic Tyres

Imports into Hong Kong SAR, China

After three years of decline, supplies from abroad of machinery for moulding or retreading pneumatic tyres increased by 100% to X units in 2022. In general, imports, however, faced a abrupt decline. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pneumatic tyre retreading machinery imports soared to $X in 2022. Overall, imports, however, continue to indicate a precipitous decline. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units) and China (X units) were the main suppliers of pneumatic tyre retreading machinery imports to Hong Kong SAR. Moreover, pneumatic tyre retreading machinery imports in the United States exceeded the figures recorded by the second-largest supplier, China, twofold.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of -18.8%).

In value terms, the United States ($X) constituted the largest supplier of machinery for moulding or retreading pneumatic tyres to Hong Kong SAR, comprising 100% of total imports. The second position in the ranking was taken by China ($X), with a 0.2% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at -18.9%.

Import Prices by Country

In 2022, the average pneumatic tyre retreading machinery import price amounted to $X per unit, surging by 23% against the previous year. Overall, the import price, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2016 an increase of 146% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($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 the United States (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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