Hong Kong SAR, China: Non-Household Fan Market 2025

Non-Household Fan Market Size in Hong Kong SAR, China

In 2022, the Hong Kong non-household fan market increased by 152% to $X, rising for the second year in a row after five years of decline. In general, consumption enjoyed strong growth. Non-household fan consumption peaked in 2022 and is likely to see gradual growth in the near future.

Non-Household Fan Production in Hong Kong SAR, China

In value terms, non-household fan production stood at $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is likely to see steady growth in years to come.

Non-Household Fan Exports

Exports from Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in overseas shipments of non-household ventilation fans, when their volume decreased by -55% to X units. Overall, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, non-household fan exports dropped rapidly to $X in 2022. Over the period under review, exports recorded a pronounced decrease. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

China (X units), Vietnam (X units) and Taiwan (Chinese) (X units) were the main destinations of non-household fan exports from Hong Kong SAR, with a combined 52% share of total exports. The United States, Japan, Thailand, Germany, the Philippines, Israel, Mexico, India, South Korea and Singapore lagged somewhat behind, together accounting for a further 35%.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +39.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for non-household ventilation fans exports from Hong Kong SAR, comprising 35% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Taiwan (Chinese), with an 8.5% share.

From 2012 to 2022, the average annual growth rate of value to China stood at -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.0% per year) and Taiwan (Chinese) (+18.8% per year).

Export Prices by Country

The average non-household fan export price stood at $X per unit in 2022, picking up by 10% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, non-household fan export price increased by +77.2% against 2012 indices. The most prominent rate of growth was recorded in 2018 an increase of 11% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to Vietnam ($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 Singapore (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Household Fan Imports

Imports into Hong Kong SAR, China

In 2022, non-household fan imports into Hong Kong SAR declined remarkably to X units, with a decrease of -52.8% against 2021. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 29%. Imports peaked at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, non-household fan imports fell sharply to $X in 2022. Over the period under review, imports continue to indicate a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of 34%. As a result, imports attained the peak of $X, and then contracted dramatically in the following year.

Imports by Country

In 2022, China (X units) was the main non-household fan supplier to Hong Kong SAR, with a 93% share of total imports. Moreover, non-household fan imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -1.6%.

In value terms, China ($X) constituted the largest supplier of non-household ventilation fans to Hong Kong SAR, comprising 87% of total imports. The second position in the ranking was taken by Vietnam ($X), with a 2.3% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +2.3%.

Import Prices by Country

In 2022, the average non-household fan import price amounted to $X per unit, rising by 15% against the previous year. Over the last decade, it increased at an average annual rate of +4.2%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Vietnam totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%).

Source: IndexBox Platform