Hong Kong SAR, China: Metal Treating Machine Market 2024

Metal Treating Machine Market Size in Hong Kong SAR, China

In 2022, the Hong Kong metal treating machine market increased by X% to $X, rising for the third consecutive year after three years of decline. In general, consumption continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Metal Treating Machine Production in Hong Kong SAR, China

In value terms, metal treating machine production expanded significantly to $X in 2022 estimated in export price. Over the period under review, production saw a slight increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. Metal treating machine production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Metal Treating Machine Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of machines for treating metal, having individual functions were finally on the rise to reach X units after three years of decline. Over the period under review, exports posted mild growth. The pace of growth appeared the most rapid in 2015 when exports increased by X%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, metal treating machine exports surged to $X in 2022. Overall, exports, however, showed a perceptible downturn. The pace of growth was the most pronounced in 2015 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for metal treating machine exports from Hong Kong SAR, with a X% share of total exports. Moreover, metal treating machine exports to China exceeded the volume sent to the second major destination, Vietnam (X units), eightfold. The third position in this ranking was taken by the United States (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and the United States (X% per year).

In value terms, China ($X) remains the key foreign market for machines for treating metal, having individual functions exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Thailand (X% per year).

Export Prices by Country

The average metal treating machine export price stood at $X per unit in 2022, jumping by X% against the previous year. In general, the export price, however, continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, 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 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (X%), while the prices for the other major destinations experienced a decline.

Metal Treating Machine Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of machines for treating metal, having individual functions decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, imports, however, saw a notable expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, metal treating machine imports soared to $X in 2022. Over the period under review, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

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

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X) constituted the largest supplier of machines for treating metal, having individual functions to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by China ($X), with an X% share of total imports.

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

Import Prices by Country

In 2022, the average metal treating machine import price amounted to $X per unit, jumping by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt setback. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, 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 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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