Hong Kong SAR, China: Medical Ultraviolet Market 2024

Medical Ultraviolet Market Size in Hong Kong SAR, China

In 2022, the Hong Kong medical ultraviolet market decreased by X% to $X, falling for the second year in a row after four years of growth. Over the period under review, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Medical Ultraviolet Production in Hong Kong SAR, China

In value terms, medical ultraviolet production stood at $X in 2022 estimated in export price. Overall, production enjoyed tangible growth. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Medical ultraviolet production peaked at $X in 2020; afterwards, it flattened through to 2022.

Medical Ultraviolet Exports

Exports from Hong Kong SAR, China

In 2022, after two years of decline, there was significant growth in overseas shipments of medical ultraviolet or infrared apparatus, when their volume increased by X% to X tons. Overall, exports, however, showed a drastic downturn. The growth pace was the most rapid in 2017 when exports increased by X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, medical ultraviolet exports soared to $X in 2022. Over the period under review, exports, however, saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons) was the main destination for medical ultraviolet exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, medical ultraviolet exports to Australia exceeded the volume sent to the second major destination, China (X tons), twofold. The UK (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Australia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the UK (X% per year).

In value terms, Australia ($X) emerged as the key foreign market for medical ultraviolet or infrared apparatus exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Australia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and the UK (X% per year).

Export Prices by Country

The average medical ultraviolet export price stood at $X per ton in 2022, stabilizing at the previous year. In general, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, medical ultraviolet export price increased by X% against 2020 indices. 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 hit record highs in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were France ($X per ton) and China ($X per ton), while the average price for exports to the United States ($X per ton) and Singapore ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Medical Ultraviolet Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of medical ultraviolet or infrared apparatus increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Overall, imports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, medical ultraviolet imports surged to $X in 2022. Over the period under review, imports, however, showed a deep slump. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States (X tons), Slovenia (X tons) and China (X tons) were the main suppliers of medical ultraviolet imports to Hong Kong SAR, together comprising X% of total imports. Germany, Italy and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

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 more modest paces of growth.

In value terms, the United States ($X), Slovenia ($X) and China ($X) were the largest medical ultraviolet suppliers to Hong Kong SAR, with a combined X% share of total imports. Germany, Italy and Taiwan (Chinese) lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to 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 ultraviolet import price amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Taiwan (Chinese) ($X per ton) and Italy ($X per ton), while the price for Slovenia ($X per ton) and Germany ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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