Hong Kong SAR, China: Scrapers Excavator Market 2025

Scrapers Excavator Market Size in Hong Kong SAR, China

The Hong Kong scrapers excavator market stood at $X in 2022, increasing by 2.1% against the previous year. Over the period under review, consumption faced a abrupt decrease. The growth pace was the most rapid in 2020 when the market value increased by 6%. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Scrapers Excavator Production in Hong Kong SAR, China

In value terms, scrapers excavator production totaled $X in 2022 estimated in export price. Overall, production continues to indicate a deep downturn. The growth pace was the most rapid in 2020 with an increase of 7.8% against the previous year. Scrapers excavator production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Scrapers Excavator Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of scrapers earth moving, excavating, extracting machinery (not self-propelled) decreased by 0% to X units, falling for the fifth consecutive year after two years of growth. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of 700% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, scrapers excavator exports skyrocketed to $X in 2022. Overall, exports recorded a deep downturn. The pace of growth was the most pronounced in 2016 with an increase of 670%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X units), Guatemala (X units) and Tanzania (X units) were the main destinations of scrapers excavator exports from Hong Kong SAR, together accounting for 80% of total exports. Moreover, scrapers excavator exports in South Korea exceeded the figures recorded by the second-largest exporter, Guatemala, twofold.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tanzania ($X) remains the key foreign market for scrapers earth moving, excavating, extracting machinery (not self-propelled) exports from Hong Kong SAR, comprising 34% of total exports. The second position in the ranking was held by Guatemala ($X), with a 14% share of total exports. It was followed by South Korea, with a 3.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Tanzania stood at +40.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+43.0% per year) and South Korea (-8.1% per year).

Export Prices by Country

The average scrapers excavator export price stood at $X per unit in 2022, with an increase of 19% against the previous year. In general, the export price continues to indicate a prominent expansion. The pace of growth was the most pronounced in 2013 when the average export price increased by 52% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to South Korea ($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 Germany (+93.5%), while the prices for the other major destinations experienced more modest paces of growth.

Scrapers Excavator Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of scrapers earth moving, excavating, extracting machinery (not self-propelled) increased by 133% to X units, rising for the fourth year in a row after three years of decline. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2013 when imports increased by 811%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, scrapers excavator imports surged to $X in 2022. Overall, imports recorded a slight expansion. The most prominent rate of growth was recorded in 2013 with an increase of 441%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of scrapers excavator to Hong Kong SAR, with a 86% share of total imports. Moreover, scrapers excavator imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +40.5%.

In value terms, China ($X) constituted the largest supplier of scrapers earth moving, excavating, extracting machinery (not self-propelled) to Hong Kong SAR, comprising 87% of total imports. The second position in the ranking was taken by Germany ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +40.5%.

Import Prices by Country

In 2022, the average scrapers excavator import price amounted to $X per unit, rising by 4.3% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 8.6% against the previous year. The import price peaked 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 country with the highest price was Germany ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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