Hong Kong SAR, China: Spectrometers And Spectrophotometers Market 2025

Spectrometers And Spectrophotometers Market Size in Hong Kong SAR, China

For the fourth year in a row, the Hong Kong spectrometers and spectrophotometers market recorded decline in sales value, which decreased by X% to $X in 2022. In general, consumption recorded a abrupt slump. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Spectrometers And Spectrophotometers Production in Hong Kong SAR, China

In value terms, spectrometers and spectrophotometers production shrank modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Spectrometers And Spectrophotometers Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of spectrometers and spectrophotometers increased by X% to X units, rising for the fourth consecutive year after two years of decline. In general, exports continue to indicate a resilient increase. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, spectrometers and spectrophotometers exports expanded notably to $X in 2022. Overall, total exports indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for spectrometers and spectrophotometers exports from Hong Kong SAR, with a X% share of total exports. Moreover, spectrometers and spectrophotometers exports to the United States exceeded the volume sent to the second major destination, China (X units), twofold. Norway (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Norway (X% per year).

In value terms, China ($X) remains the key foreign market for spectrometers and spectrophotometers exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average spectrometers and spectrophotometers export price amounted to $X per unit, falling by X% against the previous year. In general, the export price continues to indicate a deep setback. The growth pace was the most rapid in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Norway ($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 China (X%), while the prices for the other major destinations experienced a decline.

Spectrometers And Spectrophotometers Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of spectrometers and spectrophotometers increased by X% to X units, rising for the fourth consecutive year after three years of decline. In general, imports, however, faced a deep setback. The pace of growth appeared the most rapid in 2015 when imports increased by X%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, spectrometers and spectrophotometers imports amounted to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and the United States (X units) were the main suppliers of spectrometers and spectrophotometers imports to Hong Kong SAR, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest spectrometers and spectrophotometers suppliers to Hong Kong SAR were Germany ($X), China ($X) and Japan ($X), together comprising X% of total imports. The United States, Canada, Taiwan (Chinese) and the Philippines lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, Canada, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average spectrometers and spectrophotometers import price stood at $X per unit in 2022, stabilizing at the previous year. In general, the import price saw strong growth. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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