Hong Kong SAR, China - Binoculars - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExport of Binoculars From Hong Kong Sees a Significant Drop to $2.7M in October 2023
Hong Kong Binocular Exports
In October 2023, exports of binoculars from Hong Kong shrank rapidly to 36K units, declining by -19.3% compared with the month before. In general, exports showed a deep reduction. The most prominent rate of growth was recorded in April 2023 when exports increased by 75% m-o-m. The exports peaked at 75K units in November 2022; however, from December 2022 to October 2023, the exports remained at a lower figure.
In value terms, binocular exports fell remarkably to $2.7M (IndexBox estimates) in October 2023. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in April 2023 when exports increased by 57% m-o-m. The exports peaked at 5.1M units in October 2022; however, from November 2022 to October 2023, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Binocular in Hong Kong (thousand USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| Japan | 1,518 | 1,753 | 1,614 | 1,013 | 896 | 991 | 2,119 | 1,571 | 1,438 | 1,558 | 1,379 | 1,286 | 1,114 |
| United States | 2,265 | 1,528 | 1,039 | 801 | 188 | 172 | 569 | 445 | 1,009 | 1,141 | 1,294 | 1,541 | 924 |
| Netherlands | 863 | 523 | 256 | 346 | 10.4 | 13.8 | 117 | 79.3 | 157 | 237 | 236 | 415 | 245 |
| Philippines | 125 | 85.3 | 91.4 | 118 | 118 | 181 | 197 | 190 | 168 | 92.8 | 126 | 81.0 | 126 |
| Others | 330 | 557 | 492 | 209 | 323 | 677 | 192 | 174 | 451 | 293 | 237 | 597 | 280 |
| Total | 5,101 | 4,446 | 3,492 | 2,487 | 1,535 | 2,035 | 3,194 | 2,460 | 3,223 | 3,322 | 3,273 | 3,919 | 2,689 |
Exports by Country
The United States (11K units), Japan (11K units) and the Netherlands (5.2K units) were the main destinations of binocular exports from Hong Kong, with a combined 78% share of total exports. These countries were followed by the Philippines, which accounted for a further 11%.
From October 2022 to October 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of +1.8%), while the other leaders experienced a decline.
In value terms, Japan ($1.1M), the United States ($924K) and the Netherlands ($245K) appeared to be the largest markets for binocular exported from Hong Kong worldwide, together comprising 85% of total exports. These countries were followed by the Philippines, which accounted for a further 4.7%.
the Philippines, with a CAGR of +0.1%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.
Export Prices by Country
In October 2023, the binocular price amounted to $75.3 per unit (FOB, Hong Kong), dropping by -14.9% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 when the average export price increased by 31% against the previous month. The export price peaked at $88.5 per unit in September 2023, and then dropped in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($100 per unit), while the average price for exports to the Philippines ($33.4 per unit) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+2.5%), while the prices for the other major destinations experienced mixed trend patterns.
This report provides an in-depth analysis of the binocular 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 26702230 - Binoculars (including night vision binoculars)
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
