Hong Kong SAR, China: Market for Electric Generating Sets And Rotary Converters 2024

Market Size for Electric Generating Sets And Rotary Converters in Hong Kong SAR, China

In 2021, the Hong Kong market for electric generating sets and rotary converters increased by X% to $X, rising for the fourth consecutive year after five years of decline. Overall, consumption continues to indicate prominent growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Production of Electric Generating Sets And Rotary Converters in Hong Kong SAR, China

In value terms, production of electric generating sets and rotary converters contracted to $X in 2021 estimated in export price. Overall, production, however, recorded a remarkable increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, production of reached the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Exports of Electric Generating Sets And Rotary Converters

Exports from Hong Kong SAR, China

In 2021, overseas shipments of electric generating sets and rotary converters decreased by X% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of X%. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, exports of electric generating sets and rotary converters contracted rapidly to $X in 2021. In general, exports showed a precipitous curtailment. The growth pace was the most rapid in 2013 when exports increased by X%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Sweden (X units), China (X units) and the UK (X units) were the main destinations of exports of electric generating sets and rotary converters from Hong Kong SAR.

From 2012 to 2020, the biggest increases were recorded for Namibia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Myanmar ($X) and the UK ($X) constituted the largest markets for electric generating set and rotary converter exported from Hong Kong SAR worldwide.

Myanmar, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2020, the average export price for electric generating sets and rotary converters amounted to $X per unit, picking up by X% against the previous year. In general, the export price, however, continues to indicate a dramatic setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2020, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Myanmar ($X per unit), while the average price for exports to Namibia ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the UK (X%), while the prices for the other major destinations experienced a decline.

Imports of Electric Generating Sets And Rotary Converters

Imports into Hong Kong SAR, China

In 2021, purchases abroad of electric generating sets and rotary converters decreased by X% to X units, falling for the fourth year in a row after six years of growth. Over the period under review, imports, however, showed a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports of remained at a lower figure.

In value terms, imports of electric generating sets and rotary converters expanded notably to $X in 2021. Overall, imports continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports of failed to regain momentum.

Imports by Country

In 2020, the United States (X units) constituted the largest supplier of electric generating set and rotary converter to Hong Kong SAR, accounting for a X% share of total imports. Moreover, imports of electric generating sets and rotary converters from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Japan (X units), with an X% share.

From 2012 to 2020, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

In value terms, China ($X) constituted the largest supplier of electric generating sets and rotary converters to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2020, the average annual growth rate of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Japan (X% per year).

Import Prices by Country

The average import price for electric generating sets and rotary converters stood at $X per unit in 2020, with an increase of X% against the previous year. Overall, the import price, however, faced a abrupt shrinkage. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2020, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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