Hong Kong SAR, China: Medical Steriliser Market 2024

Medical Steriliser Exports

Exports from Hong Kong SAR, China

Medical steriliser exports from Hong Kong SAR declined markedly to X units in 2022, shrinking by -32.2% against the year before. Overall, exports showed a abrupt decline. The growth pace was the most rapid in 2014 when exports increased by 199%. Over the period under review, the exports attained the peak figure at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, medical steriliser exports dropped significantly to $X in 2022. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 200% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for medical steriliser exports from Hong Kong SAR, with a 65% share of total exports. Moreover, medical steriliser exports to China exceeded the volume sent to the second major destination, the United States (X units), sixfold. The third position in this ranking was held by Italy (X units), with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-31.6% per year) and Italy (+500.0% per year).

In value terms, China ($X) emerged as the key foreign market for medical, surgical or laboratory sterilisers exports from Hong Kong SAR, comprising 64% of total exports. The second position in the ranking was held by the United States ($X), with a 10% share of total exports. It was followed by Italy, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -13.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-32.5% per year) and Italy (+472.0% per year).

Export Prices by Country

In 2022, the average medical steriliser export price amounted to $X per unit, with a decrease of -7.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 8.2% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Saudi Arabia ($X per unit) and Italy ($X per unit), while the average price for exports to the United States ($X per unit) and Macao SAR ($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 Angola (+9.1%), while the prices for the other major destinations experienced mixed trend patterns.

Medical Steriliser Imports

Imports into Hong Kong SAR, China

Medical steriliser imports into Hong Kong SAR fell modestly to X units in 2022, with a decrease of -2.5% compared with 2021 figures. Overall, imports showed a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 201% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, medical steriliser imports contracted to $X in 2022. Over the period under review, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 205% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

The UK (X units), Italy (X units) and China (X units) were the main suppliers of medical steriliser imports to Hong Kong SAR, with a combined 53% share of total imports. Sweden, Canada, Japan, Mexico, France and the United States lagged somewhat behind, together accounting for a further 34%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +28.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest medical steriliser suppliers to Hong Kong SAR were the UK ($X), Italy ($X) and China ($X), with a combined 53% share of total imports. These countries were followed by Sweden, Canada, Japan, Mexico, France and the United States, which together accounted for a further 34%.

In terms of the main suppliers, Canada, with a CAGR of +29.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average medical steriliser import price amounted to $X per unit, declining by -9.7% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 16% against the previous year. As a result, import price reached the peak level of $X per unit, and then fell in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Canada ($X per unit) and Sweden ($X per unit), while the price for France ($X per unit) and Italy ($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 UK (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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