Hong Kong SAR, China: Non-Numerically Controlled Lathe Market 2024

Non-Numerically Controlled Lathe Market Size in Hong Kong SAR, China

The Hong Kong non-numerically controlled lathe market shrank sharply to $X in 2021, dropping by -33.2% against the previous year. Over the period under review, consumption continues to indicate a deep slump. Non-numerically controlled lathe consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Non-Numerically Controlled Lathe Production in Hong Kong SAR, China

In value terms, non-numerically controlled lathe production stood at $X in 2021 estimated in export price. Overall, production, however, continues to indicate a pronounced contraction. The most prominent rate of growth was recorded in 2014 with an increase of 18%. Over the period under review, non-numerically controlled laproduction hit record highs at $X in 2016; however, from 2017 to 2021, production remained at a lower figure.

Non-Numerically Controlled Lathe Exports

Exports from Hong Kong SAR, China

In 2021, the amount of non-numerically controlled horizontal lathes, for removing metal exported from Hong Kong SAR skyrocketed to X units, increasing by 408% against the previous year's figure. In general, exports, however, saw a slight curtailment. Over the period under review, the non-numerically controlled laexports reached the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, non-numerically controlled lathe exports surged to $X in 2021. Overall, exports, however, recorded a deep contraction. Over the period under review, the non-numerically controlled laexports reached the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for non-numerically controlled lathe exports from Hong Kong SAR, with a 77% share of total exports. Moreover, non-numerically controlled lathe exports to China exceeded the volume sent to the second major destination, Thailand (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to China totaled +1.0%.

In value terms, China ($X) remains the key foreign market for non-numerically controlled horizontal lathes, for removing metal exports from Hong Kong SAR, comprising 98% of total exports. The second position in the ranking was taken by Thailand ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China amounted to -9.8%.

Export Prices by Country

The average non-numerically controlled lathe export price stood at $X per unit in 2021, declining by -13.4% against the previous year. Over the period under review, the export price recorded a abrupt setback. The growth pace was the most rapid in 2014 when the average export price increased by 71%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to Thailand stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (-7.5%), while the prices for the other major destinations experienced a decline.

Non-Numerically Controlled Lathe Imports

Imports into Hong Kong SAR, China

In 2021, approx. X units of non-numerically controlled horizontal lathes, for removing metal were imported into Hong Kong SAR; waning by -42.3% against the previous year's figure. In general, imports saw a sharp decrease. The pace of growth appeared the most rapid in 2015 when imports increased by 103% against the previous year. Over the period under review, non-numerically controlled laimports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, non-numerically controlled lathe imports declined remarkably to $X in 2021. Over the period under review, imports showed a deep slump. The pace of growth was the most pronounced in 2015 when imports increased by 556%. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units) and China (X units) were the main suppliers of non-numerically controlled lathe imports to Hong Kong SAR.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of -28.2%).

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of non-numerically controlled horizontal lathes, for removing metal to Hong Kong SAR, comprising 89% of total imports. The second position in the ranking was taken by China ($X), with an 11% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Taiwan (Chinese) stood at -17.1%.

Import Prices by Country

The average non-numerically controlled lathe import price stood at $X per unit in 2021, surging by 36% against the previous year. In general, the import price posted a resilient increase. The growth pace was the most rapid in 2015 an increase of 222%. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+19.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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