Hong Kong SAR, China - Fully Or Partly Automatic Electric Machines For Arc Welding Of Metals - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Fully or Partly Automatic Arc Welding Machine in Hong Kong SAR - 2023
Contents:
- Price for Fully or Partly Automatic Arc Welding Machine in Hong Kong SAR (FOB) - 2023
- Price for Fully or Partly Automatic Arc Welding Machine in Hong Kong SAR (CIF) - 2022
- Exports of Fully or Partly Automatic Arc Welding Machine in Hong Kong SAR
- Imports of Fully or Partly Automatic Arc Welding Machine in Hong Kong SAR
Price for Fully or Partly Automatic Arc Welding Machine in Hong Kong SAR (FOB) - 2023
The average export price for fully or partly automatic electric machines for arc welding of metals stood at $5,255 per unit in October 2023, jumping by 20% against the previous month. In general, the export price, however, showed a mild descent. The most prominent rate of growth was recorded in May 2023 an increase of 139% against the previous month. As a result, the export price attained the peak level of $9,935 per unit; afterwards, it flattened through to October 2023.
As there is only one major export destination, the average price level is determined by prices for China.
From October 2022 to October 2023, the rate of growth in terms of prices for China amounted to -1.7% per month.
Price for Fully or Partly Automatic Arc Welding Machine in Hong Kong SAR (CIF) - 2022
The average import price for fully or partly automatic electric machines for arc welding of metals stood at $1,501 per unit in 2022, dropping by -18.6% against the previous year. In general, the import price, however, recorded a prominent expansion. The growth pace was the most rapid in 2014 when the average import price increased by 147%. As a result, import price attained the peak level of $4,613 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($4,420 per unit), while the price for China ($258 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+7.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Fully or Partly Automatic Arc Welding Machine in Hong Kong SAR
After three years of growth, overseas shipments of fully or partly automatic electric machines for arc welding of metals decreased by -24% to 1.2K units in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +11.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 71% against the previous year. As a result, the exports reached the peak of 1.6K units, and then fell notably in the following year.
In value terms, exports of fully or partly automatic electric machines for arc welding of metals shrank rapidly to $7M in 2022. In general, exports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. As a result, the exports reached the peak of $9.5M, and then fell sharply in the following year.
Export of Fully or Partly Automatic Arc Welding Machine in Hong Kong SAR (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 4.5 | 5.1 | 8.4 | 6.8 | 14.8% |
Philippines | 0.2 | N/A | N/A | N/A | 0% |
Others | 0.2 | 0.3 | 1.1 | 0.2 | 0.0% |
Total | 4.9 | 5.4 | 9.5 | 7.0 | 12.6% |
Top Export Markets for Fully or Partly Automatic Arc Welding Machine from Hong Kong SAR in 2022:
- China (1189.0 units)
- Philippines (10.0 units)
Imports of Fully or Partly Automatic Arc Welding Machine in Hong Kong SAR
In 2022, after three years of growth, there was decline in overseas purchases of fully or partly automatic electric machines for arc welding of metals, when their volume decreased by less than 0.1% to 3.6K units. Overall, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.7% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 64%. Over the period under review, imports of attained the peak figure at 3.6K units in 2021, and then declined in the following year.
In value terms, imports of fully or partly automatic electric machines for arc welding of metals fell significantly to $5.5M in 2022. Over the period under review, total imports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 75% against the previous year. As a result, imports reached the peak of $6.7M, and then shrank dramatically in the following year.
Import of Fully or Partly Automatic Arc Welding Machine in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Austria | 2.2 | 3.0 | 5.3 | 5.1 | 32.3% |
China | 1.5 | 0.2 | 0.5 | 0.3 | -41.5% |
United States | 0.9 | 0.5 | 0.5 | 0.1 | -51.9% |
Germany | 0.3 | 0.1 | 0.4 | 0.1 | -30.7% |
Others | 0.4 | 0.1 | N/A | N/A | -75.0% |
Total | 5.2 | 3.8 | 6.7 | 5.5 | 1.9% |
Top Suppliers of Fully or Partly Automatic Arc Welding Machine to Hong Kong SAR in 2022:
- Austria (1310.0 units)
- China (972.0 units)
- Germany (17.0 units)
- United States (15.0 units)
This report provides an in-depth analysis of the market for fully or partly automatic arc welding machine 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 27903154 - Fully or partly automatic electric machines for arc welding of metals (including plasma arc)
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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