Hong Kong SAR, China: Non-Domestic Dryer Market 2025

Non-Domestic Dryer Market Size in Hong Kong SAR, China

The Hong Kong non-domestic dryer market soared to $X in 2021, surging by 27% against the previous year. Over the period under review, consumption, however, showed a perceptible curtailment. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Non-Domestic Dryer Production in Hong Kong SAR, China

In value terms, non-domestic dryer production dropped notably to $X in 2021 estimated in export price. Over the period under review, production recorded a abrupt downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 92%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Non-Domestic Dryer Exports

Exports from Hong Kong SAR, China

In 2021, after three years of decline, there was significant growth in overseas shipments of non-domestic dryers, when their volume increased by 53% to X units. Overall, exports, however, showed a deep slump. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, non-domestic dryer exports surged to $X in 2021. Over the period under review, exports, however, showed a abrupt slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for non-domestic dryer exports from Hong Kong SAR, with a 89% share of total exports. It was followed by Italy (X units), with a 2% share of total exports. Vietnam (X units) ranked third in terms of total exports with a 0.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+61.6% per year) and Vietnam (-28.8% per year).

In value terms, China ($X) remains the key foreign market for non-domestic dryers exports from Hong Kong SAR, comprising 89% of total exports. The second position in the ranking was taken by Italy ($X), with a 2% share of total exports. It was followed by Vietnam, with a 0.6% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to -9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+68.3% per year) and Vietnam (-25.8% per year).

Export Prices by Country

The average non-domestic dryer export price stood at $X per unit in 2021, surging by 7.2% against the previous year. Over the last nine years, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2013 an increase of 9.4% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were Thailand ($X per unit) and Italy ($X per unit), while the average price for exports to China ($X per unit) and Vietnam ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Domestic Dryer Imports

Imports into Hong Kong SAR, China

In 2021, approx. X units of non-domestic dryers were imported into Hong Kong SAR; jumping by 94% compared with the year before. Over the period under review, imports, however, recorded a abrupt setback. Over the period under review, imports reached the peak figure at X units in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, non-domestic dryer imports skyrocketed to $X in 2021. In general, imports, however, continue to indicate a drastic downturn. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Germany (X units) were the main suppliers of non-domestic dryer imports to Hong Kong SAR, together accounting for 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Japan (with a CAGR of +2.2%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Japan ($X) and Germany ($X) constituted the largest non-domestic dryer suppliers to Hong Kong SAR, together comprising 85% of total imports.

Japan, with a CAGR of +3.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average non-domestic dryer import price stood at $X per unit in 2021, rising by 4.9% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2018 when the average import price increased by 21%. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were South Korea ($X per unit) and Singapore ($X per unit), while the price for China ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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