Hong Kong SAR, China: Motor Grader Market 2024

Motor Grader Market Size in Hong Kong SAR, China

In 2022, the Hong Kong motor grader market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. In general, consumption showed a measured increase. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

Motor Grader Production in Hong Kong SAR, China

In value terms, motor grader production stood at less than $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern.

Motor Grader Exports

Exports from Hong Kong SAR, China

After two years of growth, overseas shipments of motor graders and levellers decreased by -67.6% to X units in 2022. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2014 with an increase of 54%. The exports peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, motor grader exports shrank remarkably to $X in 2022. Overall, exports recorded a pronounced reduction. The pace of growth was the most pronounced in 2018 when exports increased by 1,315% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units), China (X units) and Cote d'Ivoire (X units) were the main destinations of motor grader exports from Hong Kong SAR.

From 2012 to 2022, the biggest increases were recorded for Vietnam (with a CAGR of +21.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and Cote d'Ivoire ($X) appeared to be the largest markets for motor grader exported from Hong Kong SAR worldwide.

China, with a CAGR of +90.4%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average motor grader export price stood at $X per unit in 2022, growing by 64% against the previous year. Over the period under review, the export price posted a strong increase. The pace of growth appeared the most rapid in 2018 when the average export price increased by 830%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Vietnam ($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 China (+65.8%), while the prices for the other major destinations experienced mixed trend patterns.

Motor Grader Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of motor graders and levellers decreased by -6.7% to X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a abrupt decrease. The pace of growth appeared the most rapid in 2019 when imports increased by 143%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, motor grader imports surged to $X in 2022. Overall, imports saw a abrupt slump. The growth pace was the most rapid in 2015 when imports increased by 346% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Philippines (X units) constituted the largest motor grader supplier to Hong Kong SAR, accounting for a 57% share of total imports. Moreover, motor grader imports from the Philippines exceeded the figures recorded by the second-largest supplier, Australia (X units), eightfold. Japan (X units) ranked third in terms of total imports with a 7.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Philippines amounted to -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (0.0% per year) and Japan (-12.9% per year).

In value terms, the United States ($X) constituted the largest supplier of motor graders and levellers to Hong Kong SAR, comprising 49% of total imports. The second position in the ranking was held by Australia ($X), with a 24% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2022, the average annual growth rate of value from the United States amounted to +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+39.0% per year) and China (-17.6% per year).

Import Prices by Country

The average motor grader import price stood at $X per unit in 2022, picking up by 63% against the previous year. In general, the import price, however, recorded a deep setback. The pace of growth was the most pronounced in 2015 an increase of 101% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+39.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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