Hong Kong SAR, China: Respiration Apparatus Market 2024

Respiration Apparatus Market Size in Hong Kong SAR, China

In 2021, the Hong Kong respiration apparatus market increased by 25% to $X, rising for the fourth consecutive year after two years of decline. Over the period under review, consumption saw resilient growth. Respiration apparatus consumption peaked in 2021 and is expected to retain growth in years to come.

Respiration Apparatus Production in Hong Kong SAR, China

In value terms, respiration apparatus production declined significantly to $X in 2021 estimated in export price. In general, production continues to indicate a sharp decline. The most prominent rate of growth was recorded in 2018 with an increase of 35% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Respiration Apparatus Exports

Exports from Hong Kong SAR, China

In 2021, exports of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus from Hong Kong SAR reduced to X tons, declining by -13.4% compared with the previous year. Overall, exports, however, posted a pronounced expansion. The growth pace was the most rapid in 2020 with an increase of 283%. As a result, the exports attained the peak of X tons, and then contracted in the following year.

In value terms, respiration apparatus exports fell significantly to $X in 2021. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2020 with an increase of 339%. As a result, the exports reached the peak of $X, and then dropped markedly in the following year.

Exports by Country

India (X tons) was the main destination for respiration apparatus exports from Hong Kong SAR, with a 19% share of total exports. Moreover, respiration apparatus exports to India exceeded the volume sent to the second major destination, China (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to India totaled +47.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-0.3% per year) and the United Arab Emirates (+293.7% per year).

In value terms, India ($X) emerged as the key foreign market for respiration apparatus exports from Hong Kong SAR, comprising 20% of total exports. The second position in the ranking was held by China ($X), with a 9% share of total exports. It was followed by the United Arab Emirates, with a 6.1% share.

From 2012 to 2021, the average annual growth rate of value to India amounted to +54.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.5% per year) and the United Arab Emirates (+444.9% per year).

Export Prices by Country

The average respiration apparatus export price stood at $X per ton in 2021, dropping by -11.5% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, respiration apparatus export price increased by +54.6% against 2017 indices. The pace of growth appeared the most rapid in 2018 when the average export price increased by 29%. The export price peaked at $X per ton in 2020, and then declined in the following year.

Average prices varied somewhat for the major foreign markets. In 2021, the highest price was recorded for prices to Belarus ($X per ton) and Denmark ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Thailand ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+38.2%), while the prices for the other major destinations experienced more modest paces of growth.

Respiration Apparatus Imports

Imports into Hong Kong SAR, China

In 2021, the amount of ozone therapy, oxygen therapy, aerosol therapy, respiration apparatus imported into Hong Kong SAR skyrocketed to X tons, rising by 17% compared with the previous year. Over the period under review, imports recorded a prominent increase. The most prominent rate of growth was recorded in 2020 with an increase of 167% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, respiration apparatus imports shrank significantly to $X in 2021. Overall, imports recorded a strong expansion. The pace of growth was the most pronounced in 2020 when imports increased by 226%. As a result, imports reached the peak of $X, and then declined markedly in the following year.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of respiration apparatus to Hong Kong SAR, with a 77% share of total imports. Moreover, respiration apparatus imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), more than tenfold. The third position in this ranking was taken by Singapore (X tons), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+8.5% per year) and Singapore (+18.8% per year).

In value terms, China ($X) constituted the largest supplier of respiration apparatus to Hong Kong SAR, comprising 74% of total imports. The second position in the ranking was held by the United States ($X), with a 5.9% share of total imports. It was followed by Singapore, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +13.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.8% per year) and Singapore (+20.6% per year).

Import Prices by Country

The average respiration apparatus import price stood at $X per ton in 2021, reducing by -33.2% against the previous year. In general, the import price continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2020 when the average import price increased by 22%. As a result, import price reached the peak level of $X per ton, and then dropped significantly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Singapore ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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