Hong Kong SAR, China: Thread Rolling Machine Market 2024

Thread Rolling Machine Market Size in Hong Kong SAR, China

The Hong Kong thread rolling machine market reduced modestly to $X in 2022, which is down by -3.3% against the previous year. Overall, consumption, however, saw a slight descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Thread Rolling Machine Production in Hong Kong SAR, China

In value terms, thread rolling machine production contracted slightly to $X in 2022 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +2.1% against 2020 indices. The growth pace was the most rapid in 2017 when the production volume increased by 49% against the previous year. Thread rolling machine production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Thread Rolling Machine Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of thread rolling machines for working metal, sintered metal carbides or cermets decreased by -87.5% to X units for the first time since 2019, thus ending a two-year rising trend. Overall, exports continue to indicate a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 112% against the previous year. As a result, the exports reached the peak of X units. From 2016 to 2022, the growth of the exports failed to regain momentum.

In value terms, thread rolling machine exports dropped markedly to $X in 2022. In general, exports, however, enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 when exports increased by 274% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for thread rolling machine exports from Hong Kong SAR, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +14.9%.

In value terms, China ($X) also remains the key foreign market for thread rolling machines for working metal, sintered metal carbides or cermets exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to China amounted to +27.3%.

Export Prices by Country

The average thread rolling machine export price stood at $X per unit in 2022, picking up by 101% against the previous year. Over the period under review, the export price saw a significant increase. The pace of growth was the most pronounced in 2018 when the average export price increased by 274%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2022, the average export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +33.1% per year.

Thread Rolling Machine Imports

Imports into Hong Kong SAR, China

Thread rolling machine imports into Hong Kong SAR declined remarkably to X units in 2022, dropping by -79.4% on 2021. In general, imports saw a abrupt curtailment. The growth pace was the most rapid in 2015 with an increase of 222%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, thread rolling machine imports fell remarkably to $X in 2022. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2013 when imports increased by 378% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Taiwan (Chinese) (X units) constituted the largest supplier of thread rolling machine to Hong Kong SAR, with a 71% share of total imports. Moreover, thread rolling machine imports from Taiwan (Chinese) exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Taiwan (Chinese) totaled +17.5%.

In value terms, Taiwan (Chinese) ($X) constituted the largest supplier of thread rolling machines for working metal, sintered metal carbides or cermets to Hong Kong SAR, comprising 86% of total imports. The second position in the ranking was taken by Thailand ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Taiwan (Chinese) stood at +8.8%.

Import Prices by Country

In 2022, the average thread rolling machine import price amounted to $X per unit, dropping by -16% against the previous year. Over the period under review, the import price, however, showed a strong increase. The growth pace was the most rapid in 2013 an increase of 173% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Macao SAR (+13.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :