Hong Kong SAR, China: Telecommunications Instrument Market 2024

Telecommunications Instrument Market Size in Hong Kong SAR, China

The Hong Kong telecommunications instrument market fell significantly to $X in 2021, declining by -30.2% against the previous year. Over the period under review, consumption faced a abrupt shrinkage. Telecommunications instrument consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Telecommunications Instrument Production in Hong Kong SAR, China

In value terms, telecommunications instrument production shrank to $X in 2021 estimated in export price. In general, production, however, saw a prominent increase. The most prominent rate of growth was recorded in 2019 with an increase of 179% against the previous year. Telecommunications instrument production peaked at $X in 2020, and then shrank in the following year.

Telecommunications Instrument Exports

Exports from Hong Kong SAR, China

Telecommunications instrument exports from Hong Kong SAR declined markedly to X units in 2021, dropping by -24.2% compared with 2020 figures. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2020 with an increase of 33% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, telecommunications instrument exports dropped significantly to $X in 2021. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2020 when exports increased by 32% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for telecommunications instrument exports from Hong Kong SAR, accounting for a 80% share of total exports. Moreover, telecommunications instrument exports to China exceeded the volume sent to the second major destination, India (X units), more than tenfold. The third position in this ranking was held by the United States (X units), with a 2.4% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at -11.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (-3.4% per year) and the United States (-2.7% per year).

In value terms, China ($X) remains the key foreign market for telecommunications instruments exports from Hong Kong SAR, comprising 80% of total exports. The second position in the ranking was taken by India ($X), with a 5.3% share of total exports. It was followed by the United States, with a 2.4% share.

From 2012 to 2021, the average annual growth rate of value to China stood at -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+1.3% per year) and the United States (+2.1% per year).

Export Prices by Country

The average telecommunications instrument export price stood at $X per unit in 2021, rising by 5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +5.0%. The pace of growth appeared the most rapid in 2013 an increase of 24% against the previous year. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see steady growth in the near future.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Thailand ($X per unit) and the United States ($X per unit), while the average price for exports to China ($X per unit) and Taiwan (Chinese) ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

Telecommunications Instrument Imports

Imports into Hong Kong SAR, China

In 2021, approx. X units of telecommunications instruments were imported into Hong Kong SAR; waning by -27.4% on 2020. Overall, imports saw a deep slump. The growth pace was the most rapid in 2020 with an increase of 27%. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, telecommunications instrument imports declined dramatically to $X in 2021. Over the period under review, imports showed a deep downturn. The most prominent rate of growth was recorded in 2020 with an increase of 31% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and the United States (X units) were the main suppliers of telecommunications instrument imports to Hong Kong SAR, together comprising 50% of total imports. Thailand, Malaysia, Japan, the UK and Singapore lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +1.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest telecommunications instrument suppliers to Hong Kong SAR were Germany ($X), China ($X) and the United States ($X), with a combined 50% share of total imports. These countries were followed by Thailand, Malaysia, Japan, the UK and Singapore, which together accounted for a further 38%.

The UK, with a CAGR of +4.2%, recorded the highest rates of growth with regard to the value of imports, in terms of 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 telecommunications instrument import price stood at $X per unit in 2021, rising by 1.5% against the previous year. Over the last nine years, it increased at an average annual rate of +2.3%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 11% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were the UK ($X per unit) and Singapore ($X per unit), while the price for Malaysia ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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