Hong Kong SAR, China: Silencer Market 2025

Silencer Market Size in Hong Kong SAR, China

After six years of growth, the Hong Kong silencer market decreased by -3% to $X in 2021. Overall, the total consumption indicated a tangible expansion from 2012 to 2021: its value increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +58.2% against 2014 indices. Silencer consumption peaked at $X in 2020, and then declined slightly in the following year.

Silencer Production in Hong Kong SAR, China

In value terms, silencer production contracted slightly to $X in 2021 estimated in export price. In general, the total production indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +5.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +74.4% against 2013 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 15% against the previous year. Silencer production peaked at $X in 2020, and then fell in the following year.

Silencer Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of silencers and exhaust pipes decreased by -16.1% to X tons for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports saw a slight decline. The pace of growth appeared the most rapid in 2013 when exports increased by 216% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, silencer exports contracted rapidly to $X in 2021. In general, exports, however, posted a slight expansion. The growth pace was the most rapid in 2013 when exports increased by 140% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for silencer exports from Hong Kong SAR, with a 55% share of total exports. Moreover, silencer exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), fivefold. Thailand (X tons) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (+5.9% per year) and Thailand (+20.6% per year).

In value terms, China ($X) remains the key foreign market for silencer exports from Hong Kong SAR, comprising 68% of total exports. The second position in the ranking was held by Thailand ($X), with a 12% share of total exports. It was followed by the United States, with a 6.9% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+32.7% per year) and the United States (+0.9% per year).

Export Prices by Country

In 2021, the average silencer export price amounted to $X per ton, reducing by -9.7% against the previous year. Over the period under review, export price indicated a perceptible expansion from 2012 to 2021: its price increased at an average annual rate of +3.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silencer export price increased by +78.8% against 2013 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 29% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably country of destination: the country with the highest price was Vietnam ($X per ton), while the average price for exports to Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+38.4%), while the prices for the other major destinations experienced more modest paces of growth.

Silencer Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of silencers and exhaust pipes increased by 1.7% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a deep slump. The pace of growth was the most pronounced in 2013 when imports increased by 45%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, silencer imports rose notably to $X in 2021. Overall, imports, however, saw a slight decrease. The growth pace was the most rapid in 2013 when imports increased by 26% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest supplier of silencer to Hong Kong SAR, accounting for a 50% share of total imports. Moreover, silencer imports from the United States exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. Germany (X tons) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-12.7% per year) and Germany (-10.3% per year).

In value terms, the United States ($X), Japan ($X) and Germany ($X) appeared to be the largest silencer suppliers to Hong Kong SAR, together comprising 55% of total imports. Slovenia, the UK, Singapore, China and Kuwait lagged somewhat behind, together accounting for a further 29%.

Slovenia, with a CAGR of +81.5%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average silencer import price stood at $X per ton in 2021, growing by 9% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, silencer import price increased by +54.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 44%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Slovenia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Kuwait (+10.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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