Hong Kong SAR, China: Metal Deburring Machine Market 2024

Metal Deburring Machine Market Size in Hong Kong SAR, China

The Hong Kong metal deburring machine market surged to $X in 2021, with an increase of 98% against the previous year. Overall, consumption recorded a prominent increase. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Metal Deburring Machine Production in Hong Kong SAR, China

In value terms, metal deburring machine production soared to $X in 2021 estimated in export price. Over the period under review, production showed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 231%. Metal deburring machine production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Metal Deburring Machine Exports

Exports from Hong Kong SAR, China

In 2021, approx. X units of machines for deburring or polishing metal were exported from Hong Kong SAR; with a decrease of -50.7% against the previous year. Over the period under review, exports saw a abrupt setback. The growth pace was the most rapid in 2017 with an increase of 308%. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, metal deburring machine exports declined to $X in 2021. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when exports increased by 333% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units), the United States (X units) and Japan (X units) were the main destinations of metal deburring machine exports from Hong Kong SAR, together accounting for 79% of total exports. The UK, Thailand, Germany and Singapore lagged somewhat behind, together accounting for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +141.7%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for machines for deburring or polishing metal exports from Hong Kong SAR, comprising 90% of total exports. The second position in the ranking was held by the United States ($X), with a 3.2% share of total exports. It was followed by Japan, with a 2.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+16.3% per year) and Japan (-10.8% per year).

Export Prices by Country

In 2021, the average metal deburring machine export price amounted to $X per unit, surging by 75% against the previous year. In general, the export price enjoyed a slight increase. The growth pace was the most rapid in 2013 an increase of 106% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to the UK ($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 India (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Deburring Machine Imports

Imports into Hong Kong SAR, China

In 2021, the amount of machines for deburring or polishing metal imported into Hong Kong SAR surged to X units, jumping by 100% compared with the previous year. In general, imports, however, showed a pronounced decline. The pace of growth appeared the most rapid in 2014 when imports increased by 2,906%. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, metal deburring machine imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced decline. The most prominent rate of growth was recorded in 2014 with an increase of 982%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), the United States (X units) and Japan (X units) were the main suppliers of metal deburring machine imports to Hong Kong SAR, with a combined 93% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +35.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and the United States ($X) appeared to be the largest metal deburring machine suppliers to Hong Kong SAR, with a combined 75% share of total imports.

The United States, with a CAGR of +16.3%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average metal deburring machine import price amounted to $X per unit, rising by 20% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when the average import price increased by 167%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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