Hong Kong SAR, China - Machinery For Packing Or Wrapping - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMachinery for Packing Price in Hong Kong SAR - 2023
Contents:
- Machinery for Packing Price in Hong Kong SAR (FOB) - 2022
- Machinery for Packing Price in Hong Kong SAR (CIF) - 2022
- Machinery for Packing Exports in Hong Kong SAR
- Machinery for Packing Imports in Hong Kong SAR
Machinery for Packing Price in Hong Kong SAR (FOB) - 2022
The average machinery for packing export price stood at $1,039 per unit in 2022, dropping by -15.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 17%. Over the period under review, the average export prices hit record highs at $1,236 per unit in 2021, and then fell remarkably in the following year.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($1,039 per unit), while the average price for exports to China amounted to $1,039 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.5%).
Machinery for Packing Price in Hong Kong SAR (CIF) - 2022
The average machinery for packing import price stood at $769 per unit in 2022, which is down by -3.7% against the previous year. In general, the import price recorded a mild decline. The most prominent rate of growth was recorded in 2014 an increase of 6%. As a result, import price attained the peak level of $982 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($769 per unit) and China ($769 per unit), while the price for Taiwan (Chinese) ($769 per unit) and Italy ($769 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-1.3%), while the prices for the other major suppliers experienced a decline.
Machinery for Packing Exports in Hong Kong SAR
In 2022, overseas shipments of machinery for packing or wrapping decreased by -43.2% to 20K units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a precipitous decrease. The growth pace was the most rapid in 2020 when exports increased by 0.2% against the previous year. As a result, the exports reached the peak of 41K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, machinery for packing exports dropped markedly to $20M in 2022. Overall, exports saw a sharp shrinkage. The smallest decline of -1.9% was in 2020. The exports peaked at $47M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
Export of Machinery for Packing in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 41.8 | 41.9 | 39.8 | 18.3 | -24.1% |
United States | 2.0 | 0.2 | 0.1 | 0.5 | -37.0% |
Others | 3.4 | 4.1 | 2.7 | 1.5 | -23.9% |
Total | 47.2 | 46.3 | 42.6 | 20.3 | -24.5% |
Top Export Markets for Machinery for Packing from Hong Kong SAR in 2022:
- China (17.6K units)
- United States (0.5K units)
Machinery for Packing Imports in Hong Kong SAR
In 2022, purchases abroad of machinery for packing or wrapping decreased by -25.6% to 32K units, falling for the second year in a row after two years of growth. In general, imports faced a abrupt downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 58%. As a result, imports reached the peak of 71K units. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, machinery for packing imports contracted markedly to $25M in 2022. Overall, imports recorded a abrupt descent. The growth pace was the most rapid in 2020 with an increase of 63% against the previous year. As a result, imports reached the peak of $58M. From 2021 to 2022, the growth of imports failed to regain momentum.
Import of Machinery for Packing in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.5 | 21.6 | 8.8 | 12.0 | 17.0% |
Japan | 20.3 | 28.9 | 19.0 | 7.4 | -28.6% |
Malaysia | 2.6 | N/A | 3.1 | 3.4 | 9.4% |
Taiwan (Chinese) | 1.5 | 3.9 | 0.7 | 0.8 | -18.9% |
Germany | 1.0 | 1.1 | 1.2 | 0.4 | -26.3% |
Others | 2.8 | 2.6 | 1.7 | 0.8 | -34.1% |
Total | 35.8 | 58.2 | 34.6 | 24.8 | -11.5% |
Top Suppliers of Machinery for Packing to Hong Kong SAR in 2022:
- China (15.6K units)
- Japan (9.6K units)
- Malaysia (4.4K units)
- Taiwan (Chinese) (1.1K units)
- Germany (0.5K units)
This report provides an in-depth analysis of the machinery for packing 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 28292180 - Machinery for packing or wrapping (excluding for filling, c losing, sealing, capsuling or labelling bottles, cans, boxes, b ags or other containers)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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