Hong Kong SAR, China: Self-Propelled Bulldozer Market 2024

Self-Propelled Bulldozer Market Size in Hong Kong SAR, China

After four years of decline, the Hong Kong self-propelled bulldozer market increased by 186% to $X in 2021. Over the period under review, consumption recorded buoyant growth. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Self-Propelled Bulldozer Production in Hong Kong SAR, China

In value terms, self-propelled bulldozer production shrank notably to $X in 2021 estimated in export price. Overall, production continues to indicate a sharp shrinkage. Over the period under review, production hit record highs at $X in 2020, and then shrank significantly in the following year.

Self-Propelled Bulldozer Exports

Exports from Hong Kong SAR, China

In 2021, self-propelled bulldozer exports from Hong Kong SAR declined significantly to X units, shrinking by -93.6% on 2020 figures. Overall, exports recorded a mild descent. The most prominent rate of growth was recorded in 2017 when exports increased by 2,189% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2020, and then declined notably in the following year.

In value terms, self-propelled bulldozer exports dropped remarkably to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when exports increased by 1,983% against the previous year. The exports peaked at $X in 2020, and then shrank rapidly in the following year.

Exports by Country

China (X units) was the main destination for self-propelled bulldozer exports from Hong Kong SAR, accounting for a 90% share of total exports. Moreover, self-propelled bulldozer exports to China exceeded the volume sent to the second major destination, Zimbabwe (X units), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to China stood at -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (0.0% per year) and Papua New Guinea (-12.9% per year).

In value terms, China ($X) remains the key foreign market for self-propelled bulldozers and excavators exports from Hong Kong SAR, comprising 87% of total exports. The second position in the ranking was held by Papua New Guinea ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled -1.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Papua New Guinea (-23.5% per year) and Zimbabwe (+0.3% per year).

Export Prices by Country

The average self-propelled bulldozer export price stood at $X per unit in 2021, reducing by -13.4% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 111%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Papua New Guinea ($X per unit), while the average price for exports to Zimbabwe ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Zimbabwe (+0.3%), while the prices for the other major destinations experienced a decline.

Self-Propelled Bulldozer Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of self-propelled bulldozers and excavators increased by 54% to X units for the first time since 2017, thus ending a three-year declining trend. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 219% against the previous year. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, self-propelled bulldozer imports contracted to $X in 2021. Overall, imports, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 258%. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X units) was the main supplier of self-propelled bulldozer to Hong Kong SAR, with a 97% share of total imports. It was followed by Macao SAR (X units), with a 2.2% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled +7.1%.

In value terms, Japan ($X) constituted the largest supplier of self-propelled bulldozers and excavators to Hong Kong SAR, comprising 96% of total imports. The second position in the ranking was held by Macao SAR ($X), with a 3.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled -1.5%.

Import Prices by Country

In 2021, the average self-propelled bulldozer import price amounted to $X per unit, declining by -38.7% against the previous year. In general, the import price saw a abrupt setback. The pace of growth was the most pronounced in 2015 an increase of 69%. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Macao SAR ($X per unit), while the price for Japan amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Macao SAR (+32.3%).

Source: IndexBox Platform

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