Hong Kong SAR, China: Mattocks And Rakes Market 2025

Mattocks And Rakes Market Size in Hong Kong SAR, China

The Hong Kong mattocks and rakes market was finally on the rise to reach $X in 2022, after two years of decline. Overall, consumption saw a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Mattocks And Rakes Production in Hong Kong SAR, China

In value terms, mattocks and rakes production soared to $X in 2022 estimated in export price. Overall, production saw a temperate expansion. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Mattocks And Rakes Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of mattocks, picks, hoes and rakes increased by 461% to X tons, rising for the second consecutive year after four years of decline. In general, exports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of 815%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, mattocks and rakes exports soared to $X in 2022. Over the period under review, exports posted a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of 737% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for mattocks and rakes exports from Hong Kong SAR, accounting for a 95% share of total exports. It was followed by Chile (X kg), with a 2.4% share of total exports. The third position in this ranking was taken by France (X kg), with a 0.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +150.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (0.0% per year) and France (-45.8% per year).

In value terms, the United States ($X) remains the key foreign market for mattocks, picks, hoes and rakes exports from Hong Kong SAR, comprising 95% of total exports. The second position in the ranking was taken by Chile ($X), with a 2.4% share of total exports. It was followed by France, with a 0.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +141.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (0.0% per year) and France (-43.4% per year).

Export Prices by Country

In 2022, the average mattocks and rakes export price amounted to $X per ton, dropping by -26.6% against the previous year. In general, the export price, however, showed a moderate expansion. The growth pace was the most rapid in 2018 when the average export price increased by 40% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Japan ($X per ton) and the United States ($X per ton), while the average price for exports to France ($X per ton) and Chile ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Papua New Guinea (+136.5%), while the prices for the other major destinations experienced more modest paces of growth.

Mattocks And Rakes Imports

Imports into Hong Kong SAR, China

In 2022, the amount of mattocks, picks, hoes and rakes imported into Hong Kong SAR contracted sharply to X tons, declining by -65.9% against the previous year's figure. In general, imports saw a deep setback. The pace of growth was the most pronounced in 2019 when imports increased by 2,471% against the previous year. As a result, imports attained the peak of X tons. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mattocks and rakes imports contracted dramatically to $X in 2022. Overall, imports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2019 with an increase of 2,171%. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X tons), China (X tons) and the United States (X kg) were the main suppliers of mattocks and rakes imports to Hong Kong SAR, together accounting for 94% of total imports. Spain lagged somewhat behind, accounting for a further 4.5%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +572.7%), while purchases for the other leaders experienced a decline.

In value terms, the largest mattocks and rakes suppliers to Hong Kong SAR were Germany ($X), China ($X) and the United States ($X), with a combined 94% share of total imports. These countries were followed by Spain, which accounted for a further 4.5%.

In terms of the main suppliers, Spain, with a CAGR of +571.6%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average mattocks and rakes import price amounted to $X per ton, with an increase of 7.4% against the previous year. In general, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mattocks and rakes import price increased by +25.1% against 2019 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by 26% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Spain ($X per ton) and China ($X per ton), while the price for the United States ($X per ton) and Germany ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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