Hong Kong SAR, China: Linoleum Manufacturing Machine Market 2024

Linoleum Manufacturing Machine Market Size in Hong Kong SAR, China

In 2022, the Hong Kong linoleum manufacturing machine market decreased by -84.6% to $X, falling for the second consecutive year after two years of growth. Overall, consumption continues to indicate a deep setback. Linoleum manufacturing machine consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Linoleum Manufacturing Machine Production in Hong Kong SAR, China

In value terms, linoleum manufacturing machine production fell sharply to $X in 2022 estimated in export price. In general, production showed a abrupt decrease. The most prominent rate of growth was recorded in 2015 with a decrease of -38.7%. Linoleum manufacturing machine production peaked at $X in 2014; however, from 2015 to 2022, production failed to regain momentum.

Linoleum Manufacturing Machine Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of machines used in the manufacture of linoleum or other floor coverings were finally on the rise to reach X units after two years of decline. Over the period under review, exports saw a modest increase. The most prominent rate of growth was recorded in 2019 with an increase of 229%. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in years to come.

In value terms, linoleum manufacturing machine exports skyrocketed to $X in 2022. Overall, exports continue to indicate a mild expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 240% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China (X units) was the main destination for linoleum manufacturing machine exports from Hong Kong SAR, accounting for a 83% share of total exports. Moreover, linoleum manufacturing machine exports to China exceeded the volume sent to the second major destination, Vietnam (X units), more than tenfold. Taiwan (Chinese) (X units) ranked third in terms of total exports with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+3.1% per year) and Taiwan (Chinese) (+42.9% per year).

In value terms, China ($X) remains the key foreign market for machines used in the manufacture of linoleum or other floor coverings exports from Hong Kong SAR, comprising 83% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 5.5% share of total exports. It was followed by Taiwan (Chinese), with a 4% share.

From 2012 to 2022, the average annual growth rate of value to China stood at +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+3.4% per year) and Taiwan (Chinese) (+43.1% per year).

Export Prices by Country

The average linoleum manufacturing machine export price stood at $X per unit in 2022, waning by -9.1% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 18%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Sri Lanka ($X per unit) and Vietnam ($X per unit), while the average price for exports to China ($X per unit) and Bangladesh ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.3%), while the prices for the other major destinations experienced more modest paces of growth.

Linoleum Manufacturing Machine Imports

Imports into Hong Kong SAR, China

In 2022, approx. X units of machines used in the manufacture of linoleum or other floor coverings were imported into Hong Kong SAR; with an increase of 121% against the year before. Over the period under review, imports, however, saw a relatively flat trend pattern. Imports peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, linoleum manufacturing machine imports soared to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Taiwan (Chinese) (X units) were the main suppliers of linoleum manufacturing machine imports to Hong Kong SAR, together accounting for 97% of total imports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +34.1%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest linoleum manufacturing machine suppliers to Hong Kong SAR were China ($X), Japan ($X) and Taiwan (Chinese) ($X), together accounting for 97% of total imports.

Taiwan (Chinese), with a CAGR of +33.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average linoleum manufacturing machine import price stood at $X per unit in 2022, dropping by -12.2% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 13%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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