Hong Kong SAR, China: Manostat Market 2025

Manostat Market Size in Hong Kong SAR, China

For the fourth consecutive year, the Hong Kong manostat market recorded decline in sales value, which decreased by -17.2% to $X in 2022. Over the period under review, consumption saw a abrupt descent. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Manostat Production in Hong Kong SAR, China

In value terms, manostat production dropped to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 894% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Manostat Exports

Exports from Hong Kong SAR, China

Manostat exports from Hong Kong SAR shrank to X units in 2022, falling by -10.8% on the previous year's figure. In general, exports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2017 when exports increased by 113%. As a result, the exports attained the peak of X units. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, manostat exports rose notably to $X in 2022. Overall, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 609%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for manostat exports from Hong Kong SAR, with a 72% share of total exports. Moreover, manostat exports to China exceeded the volume sent to the second major destination, the Philippines (X units), sevenfold. The third position in this ranking was held by Egypt (X units), with a 7.7% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled +2.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+40.3% per year) and Egypt (+135.9% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and the Philippines ($X) constituted the largest markets for manostat exported from Hong Kong SAR worldwide, with a combined 85% share of total exports. Egypt, South Korea and Singapore lagged somewhat behind, together comprising a further 7.5%.

In terms of the main countries of destination, Egypt, with a CAGR of +103.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average manostat export price stood at $X per unit in 2022, with an increase of 21% against the previous year. Overall, the export price recorded a tangible expansion. The pace of growth appeared the most rapid in 2017 when the average export price increased by 233%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020; however, from 2021 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 Taiwan (Chinese) ($X per unit), while the average price for exports to Egypt ($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 Taiwan (Chinese) (+80.1%), while the prices for the other major destinations experienced mixed trend patterns.

Manostat Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of manostats decreased by -29.8% to X units, falling for the second year in a row after two years of growth. Over the period under review, imports saw a pronounced curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 48% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, manostat imports stood at $X in 2022. In general, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by 211%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), Japan (X units) and Italy (X units) were the main suppliers of manostat imports to Hong Kong SAR, together accounting for 71% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +15.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of manostats to Hong Kong SAR, comprising 46% of total imports. The second position in the ranking was held by the United States ($X), with a 20% share of total imports. It was followed by Singapore, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +20.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.9% per year) and Singapore (+10.2% per year).

Import Prices by Country

In 2022, the average manostat import price amounted to $X per unit, with an increase of 48% against the previous year. In general, the import price recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 an increase of 110%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Slovakia (+31.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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