Hong Kong SAR, China: Market for Turbo-Jets Of A Thrust Exceeding 25 kN 2024

Market Size for Turbo-Jets Of A Thrust Exceeding 25 kN in Hong Kong SAR, China

After three years of growth, the Hong Kong turbo-jet (over X kn) market decreased by -18.9% to $X in 2021. Overall, consumption, however, posted measured growth. As a result, consumption reached the peak level of $X, and then plummeted in the following year.

Production of Turbo-Jets Of A Thrust Exceeding X kN in Hong Kong SAR, China

In value terms, turbo-jet (over X kn) production amounted to $X in 2021 estimated in export price. In general, production continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2016 with an increase of 30%. Turbo-jet (over X kn) production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Turbo-Jets Of A Thrust Exceeding 25 kN

Exports from Hong Kong SAR, China

In 2021, the amount of turbo-jets of a thrust exceeding X kn exported from Hong Kong SAR soared to X units, jumping by 20% compared with 2020. Over the period under review, exports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2019 with an increase of 57% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

In value terms, turbo-jet (over X kn) exports soared to $X in 2021. Overall, exports showed significant growth. The pace of growth appeared the most rapid in 2019 with an increase of 68% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

Exports by Country

China (X units) was the main destination for turbo-jet (over X kn) exports from Hong Kong SAR, accounting for a 67% share of total exports. Moreover, turbo-jet (over X kn) exports to China exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), more than tenfold. The third position in this ranking was taken by Qatar (X units), with a 4.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to China totaled +13.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+47.0% per year) and Qatar (+45.4% per year).

In value terms, China ($X) remains the key foreign market for turbo-jets of a thrust exceeding X kn exports from Hong Kong SAR, comprising 69% of total exports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 5.5% share of total exports. It was followed by Singapore, with a 3.7% share.

From 2012 to 2021, the average annual growth rate of value to China amounted to +26.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+58.4% per year) and Singapore (+41.4% per year).

Export Prices by Country

The average turbo-jet (over X kn) export price stood at $X per unit in 2021, falling by -1.8% against the previous year. Over the period under review, the export price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2016 an increase of 21%. Over the period under review, the average export prices hit record highs at $X per unit in 2020, and then shrank slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Turbo-Jets Of A Thrust Exceeding 25 kN

Imports into Hong Kong SAR, China

In 2021, overseas purchases of turbo-jets of a thrust exceeding X kn increased by 8.9% to X units, rising for the sixth year in a row after three years of decline. Over the period under review, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2019 when imports increased by 42%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, turbo-jet (over X kn) imports rose notably to $X in 2021. In general, imports saw a prominent increase. The most prominent rate of growth was recorded in 2018 when imports increased by 50%. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, China (X units) constituted the largest supplier of turbo-jet (over X kn) to Hong Kong SAR, with a 46% share of total imports. Moreover, turbo-jet (over X kn) imports from China exceeded the figures recorded by the second-largest supplier, Qatar (X units), fivefold. The third position in this ranking was held by Singapore (X units), with a 6.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Qatar (+66.5% per year) and Singapore (+40.3% per year).

In value terms, China ($X) constituted the largest supplier of turbo-jets of a thrust exceeding X kn to Hong Kong SAR, comprising 50% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 9.6% share of total imports. It was followed by Singapore, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +19.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+46.5% per year) and Singapore (+55.5% per year).

Import Prices by Country

The average turbo-jet (over X kn) import price stood at $X per unit in 2021, increasing by 5.6% against the previous year. In general, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +9.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, turbo-jet (over X kn) import price increased by +123.4% against 2012 indices. The pace of growth was the most pronounced in 2013 an increase of 25%. Over the period under review, average import prices hit record highs in 2021 and is likely to see steady growth in years to come.

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 Taiwan (Chinese) ($X per unit), while the price for Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+19.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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