Hong Kong SAR, China - Gearboxes and Speed Changers For Machinery And Land or Sea Vehicles excluding Gears and Gearing - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Gearboxes and Speed Changers in Hong Kong SAR - 2023
Contents:
- Price for Gearboxes and Speed Changers in Hong Kong SAR (FOB) - 2022
- Price for Gearboxes and Speed Changers in Hong Kong SAR (CIF) - 2022
- Exports of Gearboxes and Speed Changers in Hong Kong SAR
- Imports of Gearboxes and Speed Changers in Hong Kong SAR
Price for Gearboxes and Speed Changers in Hong Kong SAR (FOB) - 2022
The average gearboxes and speed changers export price stood at $22,864 per ton in 2022, with a decrease of -5.8% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 11%. Over the period under review, the average export prices reached the peak figure at $24,945 per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($22,864 per ton), while the average price for exports to China ($22,864 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.3%), while the prices for the other major destinations experienced a decline.
Price for Gearboxes and Speed Changers in Hong Kong SAR (CIF) - 2022
The average gearboxes and speed changers import price stood at $22,646 per ton in 2022, approximately mirroring the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 10% against the previous year. Over the period under review, average import prices reached the peak figure at $24,225 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($22,646 per ton) and Italy ($22,646 per ton), while the price for Singapore ($22,646 per ton) and Malaysia ($22,646 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (-0.7%), while the prices for the other major suppliers experienced a decline.
Exports of Gearboxes and Speed Changers in Hong Kong SAR
In 2022, overseas shipments of gearboxes and speed changers decreased by -20.5% to 2.3K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +17.2% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 47% against the previous year. As a result, the exports attained the peak of 2.9K tons, and then dropped dramatically in the following year.
In value terms, gearboxes and speed changers exports declined remarkably to $52M in 2022. Over the period under review, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +31.7% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, the exports reached the peak of $70M, and then shrank notably in the following year.
Export of Gearboxes and Speed Changers in Hong Kong SAR (Million USD) | |||||
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COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 32.1 | 34.3 | 56.1 | 44.3 | 11.3% |
Malaysia | 0.7 | 0.7 | 6.0 | 1.7 | 34.4% |
United States | 2.0 | 2.0 | 1.6 | 0.8 | -26.3% |
Germany | 0.8 | 1.5 | 0.9 | 0.4 | -20.6% |
Others | 4.0 | 4.3 | 5.1 | 5.0 | 7.7% |
Total | 39.6 | 42.8 | 69.7 | 52.2 | 9.6% |
Top Export Markets for Gearboxes and Speed Changers from Hong Kong SAR in 2022:
- China (1939.4 tons)
- Malaysia (72.5 tons)
- United States (35.3 tons)
- Germany (18.4 tons)
Imports of Gearboxes and Speed Changers in Hong Kong SAR
In 2022, approx. 1.5K tons of gearboxes and speed changers were imported into Hong Kong SAR; surging by 2.9% on the previous year. Over the period under review, imports, however, continue to indicate a noticeable slump. The growth pace was the most rapid in 2021 with an increase of 3.9%.
In value terms, gearboxes and speed changers imports amounted to $34M in 2022. In general, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 14% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
Import of Gearboxes and Speed Changers in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 11.0 | 9.4 | 10.0 | 8.5 | -8.2% |
Japan | 2.9 | 3.4 | 7.2 | 8.1 | 40.8% |
Singapore | 2.2 | 1.1 | 1.4 | 3.1 | 12.1% |
Italy | 3.2 | 3.4 | 4.5 | 3.0 | -2.1% |
Taiwan (Chinese) | 5.3 | 5.3 | 2.3 | 1.9 | -29.0% |
Malaysia | 1.2 | 1.2 | 1.4 | 1.8 | 14.5% |
Germany | 2.9 | 1.3 | 1.8 | 1.8 | -14.7% |
United States | 1.9 | 1.3 | 1.3 | 1.3 | -11.9% |
Others | 2.6 | 2.7 | 3.2 | 4.5 | 20.1% |
Total | 33.1 | 29.0 | 33.1 | 34.0 | 0.9% |
Top Suppliers of Gearboxes and Speed Changers to Hong Kong SAR in 2022:
- China (376.9 tons)
- Japan (358.4 tons)
- Singapore (137.2 tons)
- Italy (132.1 tons)
- Taiwan (Chinese) (85.1 tons)
- Malaysia (79.5 tons)
- Germany (78.5 tons)
- United States (56.0 tons)
This report provides an in-depth analysis of the market for gearboxes and speed changers 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 28152432 - Gear boxes for stationary equipment, spur and helical gear boxes
- Prodcom 28152433 - Gear boxes ..., bevel and bevel/spur and helical gear boxes
- Prodcom 28152434 - Gear boxes ..., worm gear boxes
- Prodcom 28152440 - Other gear boxes
- Prodcom 28152450 - Gearboxes and other speed changers for machinery and land/sea vehicles excluding gears and gearing
- Prodcom 28152473 - Ball or roller screws
- Prodcom 28152475 - Other transmission elements (excluding gears and gearing, b all or roller screws, gearboxes and other speed changers)
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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Discover the leading countries in the import of gearboxes and speed changers. Explore the key statistics and market insights provided by IndexBox market intelligence platform.
Discover the leading countries in the import of gearboxes and speed changers. Explore the key statistics and market insights provided by IndexBox market intelligence platform.