Report Update Nov 1, 2024

Hong Kong SAR, China - Vehicles not Mechanically Propelled - Market Analysis, Forecast, Size, Trends and Insights

Single report

Sent by email within 24h (Mon-Fri)

$599 Basic Edition

$2095 Professional Edition

What's the difference?

Subscription

Online access and download

from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing

Hong Kong SAR, China: Non-Propelled Vehicle Market 2024

Non-Propelled Vehicle Market Size in Hong Kong SAR, China

In 2021, the Hong Kong non-propelled vehicle market was finally on the rise to reach $X after three years of decline. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Propelled Vehicle Exports

Exports from Hong Kong SAR, China

After two years of growth, overseas shipments of vehicles not mechanically propelled decreased by -38% to X units in 2021. In general, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2017 when exports increased by 39%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, non-propelled vehicle exports rose rapidly to $X in 2021. Over the period under review, exports saw a abrupt slump. The pace of growth was the most pronounced in 2013 with an increase of 34% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Austria (X units), Denmark (X units) and Sweden (X units) were the main destinations of non-propelled vehicle exports from Hong Kong SAR, together accounting for 42% of total exports.

From 2012 to 2021, the biggest increases were in Denmark (with a CAGR of +7.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for non-propelled vehicle exports from Hong Kong SAR, comprising 33% of total exports. The second position in the ranking was held by Austria ($X), with a 10% share of total exports. It was followed by Germany, with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China stood at +16.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Austria (+3.7% per year) and Germany (+4.2% per year).

Export Prices by Country

The average non-propelled vehicle export price stood at $X per unit in 2021, with an increase of 83% against the previous year. In general, export price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was China ($X per unit), while the average price for exports to South Africa ($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 (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Propelled Vehicle Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of vehicles not mechanically propelled increased by 43% to X units, rising for the second consecutive year after two years of decline. In general, total imports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.1% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, non-propelled vehicle imports reached $X in 2021. Over the period under review, imports, however, continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2015 with an increase of 30% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) was the main non-propelled vehicle supplier to Hong Kong SAR, with a approx. 98% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +1.0%.

In value terms, China ($X) constituted the largest supplier of non-propelled vehicle to Hong Kong SAR.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -2.8%.

Import Prices by Country

The average non-propelled vehicle import price stood at $X per unit in 2021, which is down by -28.5% against the previous year. In general, the import price showed a perceptible setback. The most prominent rate of growth was recorded in 2015 an increase of 48% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -3.8% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for vehicles not mechanically propelled in the world?

The countries with the highest volumes of in 2021 were China, the United States and India, with a combined 44% share of global consumption. Russia, Brazil, the UK, Italy, Germany, Japan, Mexico, South Korea, Thailand and France lagged somewhat behind, together accounting for a further 28%.

What are the largest producers of vehicles not mechanically propelled in the world?

China constituted the country with the largest volume of non-propelled vehicle production, comprising approx. 58% of total volume. Moreover, non-propelled vehicle production in China exceeded the figures recorded by the second-largest producer, India, sixfold. The third position in this ranking was occupied by Brazil, with a 3.8% share.

What are the leading suppliers of vehicles not mechanically propelled to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of non-propelled vehicle to Hong Kong SAR.

What are the leading importers of vehicles not mechanically propelled from Hong Kong SAR, China?

In value terms, China emerged as the key foreign market for non-propelled vehicle exports from Hong Kong SAR, comprising 34% of total exports. The second position in the ranking was occupied by Austria, with a 10% share of total exports. It was followed by Germany, with a 6.9% share.

What is the average export price for vehicles not mechanically propelled in Hong Kong SAR, China?

In 2021, the average non-propelled vehicle export price amounted to $27 per unit, picking up by 59% against the previous year.

What is the average import price for vehicles not mechanically propelled in Hong Kong SAR, China?

In 2021, the average non-propelled vehicle import price amounted to $14 per unit, reducing by -28.6% against the previous year.

This report provides an in-depth analysis of the non-propelled vehicle market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 30991000 - Vehicles not mechanically propelled including industry trolleys, barrows, luggage trucks, hopper-trucks, hand pulled golf trolleys excluding shopping trolleys

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023