Hong Kong SAR, China: Shipping Market 2025

Shipping Market Size in Hong Kong SAR, China

In 2021, the Hong Kong shipping market decreased by -18.2% to $X for the first time since 2017, thus ending a three-year rising trend. In general, consumption, however, continues to indicate a perceptible increase. Over the period under review, the market hit record highs at $X in 2020, and then dropped significantly in the following year.

Shipping Production in Hong Kong SAR, China

In value terms, shipping production dropped rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a measured expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 86% against the previous year. As a result, production attained the peak level of $X, and then shrank markedly in the following year.

Shipping Exports

Exports from Hong Kong SAR, China

In 2021, approx. X units of ships, vessels, ferry-boats for the transport of persons were exported from Hong Kong SAR; declining by -16.7% compared with the previous year's figure. Over the period under review, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2017 with an increase of 500%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, shipping exports contracted rapidly to $X in 2021. Overall, exports, however, saw a strong increase. The pace of growth was the most pronounced in 2017 when exports increased by 6,748% against the previous year. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

China (X units) and Macao SAR (X units) were the main destinations of shipping exports from Hong Kong SAR.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Macao SAR (with a CAGR of +10.4%).

In value terms, the largest markets for shipping exported from Hong Kong SAR were Macao SAR ($X) and China ($X).

China, with a CAGR of +3.9%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average shipping export price stood at $X per unit in 2021, dropping by -37.2% against the previous year. Over the period under review, the export price, however, recorded a tangible expansion. The growth pace was the most rapid in 2017 when the average export price increased by 1,041% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2020, and then reduced notably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.7%), while the prices for the other major destinations experienced a decline.

Shipping Imports

Imports into Hong Kong SAR, China

In 2021, approx. X units of ships, vessels, ferry-boats for the transport of persons were imported into Hong Kong SAR; growing by 18% on the previous year. Overall, imports posted a prominent increase. The growth pace was the most rapid in 2016 with an increase of 750% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, shipping imports soared to $X in 2021. In general, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 447% against the previous year. Imports peaked in 2021 and are expected to retain growth in years to come.

Imports by Country

In 2021, China (X units) was the main supplier of shipping to Hong Kong SAR, accounting for a 95% share of total imports. Moreover, shipping imports from China exceeded the figures recorded by the second-largest supplier, Australia (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +8.7%.

In value terms, China ($X) constituted the largest supplier of ships, vessels, ferry-boats for the transport of persons to Hong Kong SAR, comprising 100% of total imports. The second position in the ranking was taken by Australia ($X), with a 0.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +12.1%.

Import Prices by Country

In 2021, the average shipping import price amounted to $X per unit, growing by 43% against the previous year. Over the period under review, the import price posted moderate growth. The growth pace was the most rapid in 2017 when the average import price increased by 71% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Australia amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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