Hong Kong SAR, China: Market for Spray Guns And Similar Appliances 2024

Market Size for Spray Guns And Similar Appliances in Hong Kong SAR, China

In 2022, the Hong Kong market for spray guns and similar appliances increased by 12% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of +5.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Spray Guns And Similar Appliances in Hong Kong SAR, China

In value terms, spray guns and similar appliances production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a notable increase. The pace of growth was the most pronounced in 2014 with an increase of 215% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Spray Guns And Similar Appliances

Exports from Hong Kong SAR, China

In 2022, after two years of decline, there was growth in overseas shipments of spray guns and similar appliances, when their volume increased by 3.5% to X units. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 54%. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, spray guns and similar appliances exports fell to $X in 2022. In general, exports, however, continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2016 when exports increased by 54%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for spray guns and similar appliances exports from Hong Kong SAR, accounting for a 96% share of total exports. It was followed by the United States (X units), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled -1.5%.

In value terms, China ($X) remains the key foreign market for spray guns and similar appliances exports from Hong Kong SAR, comprising 96% of total exports. The second position in the ranking was taken by the United States ($X), with a 1.8% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled -1.3%.

Export Prices by Country

In 2022, the average export price for spray guns and similar appliances amounted to $X per unit, with a decrease of -10.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 17% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Brazil (+0.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Spray Guns And Similar Appliances

Imports into Hong Kong SAR, China

In 2022, imports of spray guns and similar appliances into Hong Kong SAR dropped to X units, reducing by -9.2% compared with the previous year. Over the period under review, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2016 with an increase of 58% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2022, imports remained at a lower figure.

In value terms, spray guns and similar appliances imports rose markedly to $X in 2022. Overall, imports saw a noticeable reduction. The most prominent rate of growth was recorded in 2016 with an increase of 55%. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) constituted the largest spray guns and similar appliances supplier to Hong Kong SAR, accounting for a 71% share of total imports. Moreover, spray guns and similar appliances imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The third position in this ranking was held by China (X units), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume from Germany stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+4.3% per year) and China (-16.7% per year).

In value terms, Germany ($X) constituted the largest supplier of spray guns and similar appliances to Hong Kong SAR, comprising 71% of total imports. The second position in the ranking was taken by the United States ($X), with a 12% share of total imports. It was followed by China, with a 10% share.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+6.7% per year) and China (-14.8% per year).

Import Prices by Country

The average import price for spray guns and similar appliances stood at $X per unit in 2022, increasing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and China ($X per unit), while the price for Italy ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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