Hong Kong SAR, China: Winche And Capstan Market 2024

Winche And Capstan Market Size in Hong Kong SAR, China

After two years of growth, the Hong Kong winche and capstan market decreased by -4.8% to $X in 2021. The market value increased at an average annual rate of +1.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Winche and capstan consumption peaked at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Winche And Capstan Production in Hong Kong SAR, China

In value terms, winche and capstan production dropped modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the production volume increased by 48% against the previous year. Winche and capstan production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Winche And Capstan Exports

Exports from Hong Kong SAR, China

In 2021, approx. X units of winches and capstans were exported from Hong Kong SAR; reducing by -52.5% on the previous year. Over the period under review, exports showed a pronounced slump. The growth pace was the most rapid in 2013 when exports increased by 139%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, winche and capstan exports declined remarkably to $X in 2021. In general, exports recorded a deep setback. The pace of growth was the most pronounced in 2019 with an increase of 191% against the previous year. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units), China (X units) and France (X units) were the main destinations of winche and capstan exports from Hong Kong SAR, with a combined 95% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +85.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for winches and capstans exports from Hong Kong SAR, comprising 84% of total exports. The second position in the ranking was taken by Canada ($X), with a 6.9% share of total exports. It was followed by France, with a 3.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -16.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+19.6% per year) and France (-18.6% per year).

Export Prices by Country

The average winche and capstan export price stood at $X per unit in 2021, declining by -62.9% against the previous year. Over the period under review, the export price showed a abrupt slump. The pace of growth appeared the most rapid in 2020 an increase of 143%. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Canada ($X per unit), while the average price for exports to Germany ($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 Canada (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Winche And Capstan Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of winches and capstans decreased by -35.7% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, total imports indicated measured growth from 2012 to 2021: its volume increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 50% against the previous year. As a result, imports reached the peak of X units, and then fell sharply in the following year.

In value terms, winche and capstan imports dropped significantly to $X in 2021. In general, imports showed a perceptible downturn. The most prominent rate of growth was recorded in 2019 with an increase of 89% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), the UK (X units) and Italy (X units) were the main suppliers of winche and capstan imports to Hong Kong SAR, together comprising 79% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +54.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest winche and capstan suppliers to Hong Kong SAR were the UK ($X), Taiwan (Chinese) ($X) and China ($X), with a combined 71% share of total imports.

The UK, with a CAGR of +41.5%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average winche and capstan import price amounted to $X per unit, declining by -35% against the previous year. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 74%. The import price peaked at $X per unit in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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