Hong Kong SAR, China: Stone Sawing Machine Market 2024

Stone Sawing Machine Market Size in Hong Kong SAR, China

The Hong Kong stone sawing machine market shrank dramatically to $X in 2021, declining by -45.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption continues to indicate a precipitous slump. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Stone Sawing Machine Exports

Exports from Hong Kong SAR, China

In 2021, exports of sawing machines for working stone, ceramics and concrete from Hong Kong SAR dropped markedly to X units, which is down by -28.6% on the previous year. Overall, exports saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 400%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, stone sawing machine exports reduced rapidly to $X in 2021. In general, exports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by 483%. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Macao SAR (X units) was the main destination for stone sawing machine exports from Hong Kong SAR, accounting for a 80% share of total exports. Moreover, stone sawing machine exports to Macao SAR exceeded the volume sent to the second major destination, China (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Macao SAR amounted to +58.5%.

In value terms, China ($X) emerged as the key foreign market for sawing machines for working stone, ceramics and concrete exports from Hong Kong SAR, comprising 74% of total exports. The second position in the ranking was held by Macao SAR ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -27.2%.

Export Prices by Country

The average stone sawing machine export price stood at $X per unit in 2021, reducing by -19.5% against the previous year. Overall, the export price showed a abrupt contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 126% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was China ($X per unit), while the average price for exports to Macao SAR amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+125.7%), while the prices for the other major destinations experienced more modest paces of growth.

Stone Sawing Machine Imports

Imports into Hong Kong SAR, China

In 2021, approx. X units of sawing machines for working stone, ceramics and concrete were imported into Hong Kong SAR; reducing by -46.2% against the year before. In general, imports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 40%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, stone sawing machine imports dropped markedly to $X in 2021. Overall, imports faced a dramatic decline. The pace of growth appeared the most rapid in 2019 when imports increased by 313% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest stone sawing machine supplier to Hong Kong SAR, accounting for a 56% share of total imports. Moreover, stone sawing machine imports from China exceeded the figures recorded by the second-largest supplier, Switzerland (X units), threefold. Germany (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +14.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+7.5% per year) and Germany (+9.5% per year).

In value terms, the largest stone sawing machine suppliers to Hong Kong SAR were China ($X), Switzerland ($X) and Germany ($X), together comprising 95% of total imports.

Switzerland, with a CAGR of -6.4%, 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 stone sawing machine import price stood at $X per unit in 2021, with an increase of 26% against the previous year. Over the period under review, the import price, however, showed a abrupt decrease. The pace of growth was the most pronounced in 2019 when the average import price increased by 241% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Switzerland ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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