Report Update: May 1, 2024

Hong Kong SAR, China - Lathes For Removing Metal - 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

Price for Lathe for Removing Metal in Hong Kong SAR - 2023

Price for Lathe for Removing Metal in Hong Kong SAR (FOB) - 2022

In 2022, the average lathe for removing metal export price amounted to $15,597 per unit, increasing by 61% against the previous year. Overall, the export price, however, continues to indicate a abrupt downturn. The export price peaked at $31,651 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($46,018 per unit), while the average price for exports to Pakistan stood at $1,588 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+6.4%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Lathe for Removing Metal in Hong Kong SAR (CIF) - 2022

In 2022, the average lathe for removing metal import price amounted to $21,784 per unit, rising by 73% against the previous year. Over the period under review, the import price, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 87% against the previous year. The import price peaked at $40,646 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 China ($25,764 per unit), while the price for Taiwan (Chinese) stood at $15,017 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.5%), while the prices for the other major suppliers experienced a decline.

Exports of Lathe for Removing Metal in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of lathes for removing metal, which decreased by -39.7% to 111 units in 2022. Over the period under review, exports recorded a significant contraction. The smallest decline of -20.3% was in 2021. Over the period under review, the lafor removing metal exports reached the peak figure at 312 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, lathe for removing metal exports fell slightly to $1.7M in 2022. In general, exports showed a abrupt shrinkage. The smallest decline of -2.4% was in 2020. Over the period under review, the lafor removing metal exports hit record highs at $2.2M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Lathe for Removing Metal in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,772	1,750	1,586	1,611	-3.1%
Pakistan	253	152	168	121	-21.8%
Others	127	200	30.1	N/A	-51.3%
Total	2,153	2,102	1,784	1,731	-7.0%

Top Export Markets for Lathe for Removing Metal from Hong Kong SAR in 2022:

Pakistan (76.0 units)
China (35.0 units)

Imports of Lathe for Removing Metal in Hong Kong SAR

In 2022, overseas purchases of lathes for removing metal decreased by -57.1% to 27 units, falling for the second consecutive year after two years of growth. Overall, imports recorded a dramatic shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 1.1% against the previous year. As a result, imports attained the peak of 91 units. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, lathe for removing metal imports dropped significantly to $588K in 2022. In general, imports recorded a sharp contraction. The smallest decline of -2.9% was in 2020. Over the period under review, lafor removing metal imports attained the maximum at $1.4M in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Lathe for Removing Metal in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	669	920	70.4	438	-13.2%
Taiwan (Chinese)	237	297	476	150	-14.1%
Philippines	N/A	N/A	155	N/A	0%
Others	495	143	90.3	N/A	-57.3%
Total	1,401	1,360	792	588	-25.1%

Top Suppliers of Lathe for Removing Metal to Hong Kong SAR in 2022:

China (17.0 units)
Taiwan (Chinese) (10.0 units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for lathe for removing metal 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 28412123 - Numerically controlled horizontal lathes, turning centres, for removing metal
Prodcom 28412127 - Numerically controlled horizontal lathes, automatic lathes, for removing metal (excluding turning centres)
Prodcom 28412129 - Numerically controlled horizontal lathes, for removing metal (excluding turning centres, automatic lathes)
Prodcom 28412140 - Non-numerically controlled horizontal lathes, for removing metal
Prodcom 28412160 - Lathes, including turning centres, for removing metal (excluding horizontal lathes)

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