Report Update: May 1, 2024

Hong Kong SAR, China - Isolating Switches & Make-And-Break Switches - Market Analysis, Forecast, Size, Trends And Insights

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Isolating Switch Price in Hong Kong SAR - 2023

Isolating Switch Price in Hong Kong SAR (FOB) - 2022

The average isolating switch export price stood at $156 per unit in 2022, growing by 7.6% against the previous year. Over the period under review, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, isolating switch export price decreased by -4.0% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 56% against the previous year. The export price peaked at $192 per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($259 per unit), while the average price for exports to Canada ($38 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 China (+4.1%), while the prices for the other major destinations experienced mixed trend patterns.

Isolating Switch Price in Hong Kong SAR (CIF) - 2023

The average isolating switch import price stood at $227 per unit in June 2023, waning by -12.8% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 298% month-to-month. The import price peaked at $317 per unit in March 2023; however, from April 2023 to June 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($1,478 per unit), while the price for the United States ($86.1 per unit) was amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Isolating Switch Exports in Hong Kong SAR

In 2022, approx. 74K units of isolating switches & make-and-break switches were exported from Hong Kong SAR; with a decrease of -38.9% against 2021. Overall, exports faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, the exports reached the peak of 122K units, and then contracted markedly in the following year.

In value terms, isolating switch exports dropped remarkably to $12M in 2022. In general, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. As a result, the exports reached the peak of $18M, and then contracted remarkably in the following year.

Export of Isolating Switch in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	6.4	7.1	9.5	6.4	0.0%
China	6.0	4.2	6.2	4.2	-11.2%
United States	1.8	1.6	0.6	0.6	-30.7%
Canada	0.3	0.2	0.5	0.1	-30.7%
Singapore	0.2	0.2	0.4	0.1	-20.6%
Others	0.4	0.1	0.5	0.2	-20.6%
Total	15.2	13.5	17.7	11.6	-8.6%

Top Export Markets for Isolating Switch from Hong Kong SAR in 2022:

China (31.2K units)
Japan (24.6K units)
United States (13.0K units)
Canada (3.1K units)
Singapore (0.4K units)

Isolating Switch Imports in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of isolating switches & make-and-break switches, which decreased by -12% to 76K units in 2022. Over the period under review, imports recorded a sharp reduction. Imports peaked at 230K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, isolating switch imports totaled $13M in 2022. Overall, imports saw a abrupt setback. Imports peaked at $18M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Import of Isolating Switch in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	10.2	9.7	7.5	8.0	-7.8%
China	3.6	2.6	2.4	2.0	-17.8%
Netherlands	1.2	1.1	1.8	1.4	5.3%
United Kingdom	N/A	0.1	N/A	0.7	164.6%
United States	0.4	0.2	0.4	0.2	-20.6%
South Korea	0.9	0.9	0.2	0.2	-39.4%
Malaysia	0.1	N/A	0.1	0.1	0.0%
Others	1.1	0.2	0.3	0.2	-43.3%
Total	17.5	14.9	12.6	12.9	-9.7%

Top Suppliers of Isolating Switch to Hong Kong SAR in 2022:

Japan (37.7K units)
Netherlands (15.9K units)
China (9.2K units)
South Korea (7.3K units)
United States (2.0K units)
Malaysia (1.7K units)
United Kingdom (1.1K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the isolating switch 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 27121030 - Isolating switches and make-and-break switches

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