Hong Kong SAR, China: Metal Threading Machine Market 2024

Metal Threading Machine Market Size in Hong Kong SAR, China

In 2021, the Hong Kong metal threading machine market increased by 275% to $X for the first time since 2014, thus ending a six-year declining trend. Over the period under review, consumption, however, saw a perceptible decline. Metal threading machine consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Metal Threading Machine Production in Hong Kong SAR, China

In value terms, metal threading machine production skyrocketed to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt descent. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Metal Threading Machine Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of threading or tapping machines for working metal decreased by -89.8% to X units, falling for the second year in a row after two years of growth. In general, exports showed a precipitous slump. The pace of growth appeared the most rapid in 2019 with an increase of 461%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, metal threading machine exports shrank markedly to $X in 2021. Over the period under review, exports continue to indicate a sharp descent. The most prominent rate of growth was recorded in 2019 with an increase of 468% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for metal threading machine exports from Hong Kong SAR, accounting for a 96% share of total exports. It was followed by Thailand (X units), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to China amounted to -25.3%.

In value terms, China ($X) emerged as the key foreign market for threading or tapping machines for working metal exports from Hong Kong SAR, comprising 96% of total exports. The second position in the ranking was held by Thailand ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China stood at -22.4%.

Export Prices by Country

In 2021, the average metal threading machine export price amounted to $X per unit, growing by 15% against the previous year. Over the last nine years, it increased at an average annual rate of +3.9%. The pace of growth was the most pronounced in 2013 when the average export price increased by 15% against the previous year. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.

Metal Threading Machine Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of threading or tapping machines for working metal decreased by -28.2% to X units, falling for the seventh consecutive year after three years of growth. In general, imports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 with an increase of 184% against the previous year. As a result, imports attained the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, metal threading machine imports reduced remarkably to $X in 2021. Overall, imports showed a noticeable decrease. The pace of growth appeared the most rapid in 2014 when imports increased by 190% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of metal threading machine to Hong Kong SAR, with a 39% share of total imports. Moreover, metal threading machine imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), twofold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +52.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+13.8% per year) and Taiwan (Chinese) (+3.1% per year).

In value terms, the largest metal threading machine suppliers to Hong Kong SAR were China ($X), Singapore ($X) and Taiwan (Chinese) ($X), with a combined 66% share of total imports.

China, with a CAGR of +47.3%, recorded 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

In 2021, the average metal threading machine import price amounted to $X per unit, stabilizing at the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 28%. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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