Hong Kong SAR, China: Wheeled Dozer Market 2024

Wheeled Dozer Market Size in Hong Kong SAR, China

In 2022, the Hong Kong wheeled dozer market decreased by -0.8% to $X, falling for the second consecutive year after two years of growth. Overall, the total consumption indicated a notable expansion from 2012 to 2022: its value increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.1% against 2020 indices. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Wheeled Dozer Production in Hong Kong SAR, China

In value terms, wheeled dozer production expanded slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.1% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by 21% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Wheeled Dozer Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of wheeled dozers decreased by 0% to X units, falling for the second year in a row after three years of growth. Overall, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 55%. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, wheeled dozer exports contracted to $X in 2022. Over the period under review, exports continue to indicate a buoyant expansion. The growth pace was the most rapid in 2018 with an increase of 518% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

The Philippines (X units), Tanzania (X units) and Jamaica (X units) were the main destinations of wheeled dozer exports from Hong Kong SAR, with a combined 33% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for wheeled dozer exported from Hong Kong SAR were Tanzania ($X), Mozambique ($X) and Jamaica ($X), with a combined 82% share of total exports.

Among the main countries of destination, Tanzania, with a CAGR of +44.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average wheeled dozer export price amounted to $X per unit, waning by -9.2% against the previous year. Over the period under review, the export price, however, posted a buoyant expansion. The pace of growth appeared the most rapid in 2018 an increase of 462%. The export price peaked at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Tanzania ($X per unit), while the average price for exports to Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tanzania (+44.9%), while the prices for the other major destinations experienced more modest paces of growth.

Wheeled Dozer Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of wheeled dozers decreased by -15.4% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when imports increased by 238%. As a result, imports reached the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, wheeled dozer imports declined to $X in 2022. Overall, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 280%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Australia (X units), Thailand (X units) and Indonesia (X units) were the main suppliers of wheeled dozer imports to Hong Kong SAR, with a combined 27% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Australia (with a CAGR of 0.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Australia ($X) and Singapore ($X) appeared to be the largest wheeled dozer suppliers to Hong Kong SAR, together comprising 74% of total imports. The UK, Canada, the Netherlands, Indonesia, China, Japan, Thailand and Macao SAR lagged somewhat behind, together accounting for a further 26%.

In terms of the main suppliers, Thailand, with a CAGR of +44.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average wheeled dozer import price stood at $X per unit in 2022, rising by 12% against the previous year. In general, the import price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 when the average import price increased by 93%. Over the period under review, average import prices reached the maximum at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Macao SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+44.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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