Hong Kong SAR, China: Market for Pneumatic Linear Acting Actuators 2024

Market Size for Pneumatic Linear Acting Actuators in Hong Kong SAR, China

The Hong Kong pneumatic linear acting actuator market contracted rapidly to $X in 2022, falling by -17.9% against the previous year. Overall, consumption recorded a mild descent. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Pneumatic Linear Acting Actuators in Hong Kong SAR, China

In value terms, pneumatic linear acting actuator production fell modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a temperate increase. The growth pace was the most rapid in 2014 with an increase of 216%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Pneumatic Linear Acting Actuators

Exports from Hong Kong SAR, China

In 2022, overseas shipments of pneumatic linear acting actuators decreased by -29.9% to X units for the first time since 2019, thus ending a two-year rising trend. Over the period under review, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 27%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pneumatic linear acting actuator exports contracted dramatically to $X in 2022. Overall, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2016 when exports increased by 28%. Over the period under review, the exports hit record highs at $X in 2021, and then contracted sharply in the following year.

Exports by Country

China (X units) was the main destination for pneumatic linear acting actuator exports from Hong Kong SAR, accounting for a 86% share of total exports. Moreover, pneumatic linear acting actuator exports to China exceeded the volume sent to the second major destination, Australia (X units), more than tenfold. The third position in this ranking was taken by Germany (X units), with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to -5.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+15.5% per year) and Germany (+23.0% per year).

In value terms, China ($X) remains the key foreign market for pneumatic linear acting actuators exports from Hong Kong SAR, comprising 86% of total exports. The second position in the ranking was held by Australia ($X), with a 4.6% share of total exports. It was followed by Germany, with a 3.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+17.7% per year) and Germany (+25.3% per year).

Export Prices by Country

In 2022, the average pneumatic linear acting actuator export price amounted to $X per unit, dropping by -8.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 9.2%. As a result, the export price attained the peak level of $X per unit, and then contracted in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and New Zealand ($X per unit), while the average price for exports to China ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pneumatic Linear Acting Actuators

Imports into Hong Kong SAR, China

In 2022, the amount of pneumatic linear acting actuators imported into Hong Kong SAR reduced notably to X units, which is down by -29% against the year before. Over the period under review, imports showed a pronounced decline. The growth pace was the most rapid in 2015 when imports increased by 56% against the previous year. Over the period under review, imports hit record highs at X units in 2021, and then declined notably in the following year.

In value terms, pneumatic linear acting actuator imports declined dramatically to $X in 2022. Overall, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by 64%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Japan (X units), China (X units) and Germany (X units) were the main suppliers of pneumatic linear acting actuator imports to Hong Kong SAR, together accounting for 97% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +22.9%), while imports for the other leaders experienced a decline.

In value terms, the largest pneumatic linear acting actuator suppliers to Hong Kong SAR were Japan ($X), China ($X) and Germany ($X), together comprising 97% of total imports.

China, with a CAGR of +21.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average pneumatic linear acting actuator import price stood at $X per unit in 2022, approximately reflecting the previous year. Over the period under review, the import price continues to indicate a slight decline. The pace of growth was the most pronounced in 2018 when the average import price increased by 11% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Germany ($X per unit), while the price for Singapore ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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