Hong Kong SAR, China: Cable-Making Machine Market 2024

Cable-Making Machine Market Size in Hong Kong SAR, China

In 2022, the Hong Kong cable-making machine market decreased by X% to $X, falling for the second consecutive year after two years of growth. Over the period under review, consumption continues to indicate a abrupt curtailment. Cable-making machine consumption peaked at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Cable-Making Machine Production in Hong Kong SAR, China

In value terms, cable-making machine production surged to $X in 2022 estimated in export price. In general, production, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Cable-making machine production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Cable-Making Machine Exports

Exports from Hong Kong SAR, China

In 2022, the amount of rope or cable-making machines exported from Hong Kong SAR dropped modestly to X units, which is down by X% against 2021 figures. Overall, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. As a result, the exports attained the peak of X units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, cable-making machine exports amounted to $X in 2022. In general, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India (X units) was the main destination for cable-making machine exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, cable-making machine exports to India exceeded the volume sent to the second major destination, Italy (X units), threefold. Indonesia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (X% per year) and Indonesia (X% per year).

In value terms, India ($X) remains the key foreign market for rope or cable-making machines exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Israel, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (X% per year) and Israel (X% per year).

Export Prices by Country

In 2022, the average cable-making machine export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price enjoyed a measured increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Singapore ($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 Israel (X%), while the prices for the other major destinations experienced more modest paces of growth.

Cable-Making Machine Imports

Imports into Hong Kong SAR, China

Cable-making machine imports into Hong Kong SAR declined modestly to X units in 2022, shrinking by X% on the year before. Overall, imports, however, saw prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, cable-making machine imports contracted remarkably to $X in 2022. In general, imports, however, posted resilient growth. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of cable-making machine to Hong Kong SAR, accounting for a X% share of total imports. Moreover, cable-making machine imports from Germany exceeded the figures recorded by the second-largest supplier, Japan (X units), more than tenfold. Italy (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Italy (X% per year).

In value terms, Germany ($X), Taiwan (Chinese) ($X) and the United States ($X) appeared to be the largest cable-making machine suppliers to Hong Kong SAR, with a combined X% share of total imports. China, Japan, Singapore, the UK, Italy and France lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average cable-making machine import price stood at $X per unit in 2022, with a decrease of X% against the previous year. Overall, the import price, however, showed noticeable growth. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2022, the average import prices remained at a lower figure.

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 Taiwan (Chinese) ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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