Hong Kong SAR, China: Market for Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials 2024

Market Size for Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials in Hong Kong SAR, China

The Hong Kong market for bucket type continuous-action elevators and conveyors for goods or materials shrank remarkably to $X in 2023, dropping by X% against the previous year. Overall, consumption showed a drastic downturn. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials in Hong Kong SAR, China

In value terms, production of bucket type continuous-action elevators and conveyors for goods or materials shrank dramatically to $X in 2023 estimated in export price. Over the period under review, production faced a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2023, production of growth failed to regain momentum.

Exports of Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Exports from Hong Kong SAR, China

Exports of bucket type continuous-action elevators and conveyors for goods or materials from Hong Kong SAR soared to X units in 2023, increasing by X% against the previous year. Over the period under review, exports, however, showed a mild descent. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, exports of bucket type continuous-action elevators and conveyors for goods or materials surged to $X in 2023. Overall, exports, however, saw a deep downturn. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports of reached the maximum at $X in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for exports of bucket type continuous-action elevators and conveyors for goods or materials from Hong Kong SAR, with a approx. X% share of total exports.

From 2012 to 2023, the average annual growth rate of volume to China amounted to X%.

In value terms, China ($X) also remains the key foreign market for bucket type continuous-action elevators and conveyors for goods or materials exports from Hong Kong SAR.

From 2012 to 2023, the average annual growth rate of value to China totaled X%.

Export Prices by Country

In 2023, the average export price for bucket type continuous-action elevators and conveyors for goods or materials amounted to $X per unit, falling by X% against the previous year. In general, the export price showed a pronounced curtailment. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

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

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Imports of Bucket Type Continuous-Action Elevators And Conveyors For Goods Or Materials

Imports into Hong Kong SAR, China

In 2023, the amount of bucket type continuous-action elevators and conveyors for goods or materials imported into Hong Kong SAR reduced remarkably to X units, falling by X% compared with the previous year's figure. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, imports of bucket type continuous-action elevators and conveyors for goods or materials shrank remarkably to $X in 2023. In general, imports faced a precipitous contraction. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. Over the period under review, imports of hit record highs at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Japan (X units) constituted the largest bucket type continuous-action elevator and conveyor supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, imports of bucket type continuous-action elevators and conveyors for goods or materials from Japan exceeded the figures recorded by the second-largest supplier, China (X units), threefold.

From 2012 to 2023, the average annual growth rate of volume from Japan stood at X%.

In value terms, Japan ($X) constituted the largest supplier of bucket type continuous-action elevators and conveyors for goods or materials to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Japan stood at X%.

Import Prices by Country

The average import price for bucket type continuous-action elevators and conveyors for goods or materials stood at $X per unit in 2023, rising by X% against the previous year. Overall, the import price, however, saw a abrupt slump. The growth pace was the most rapid in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2023, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was China ($X per unit), while the price for Japan stood at $X per unit.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform