Hong Kong SAR, China: Built-In Jacking System Market 2024

Built-In Jacking System Market Size in Hong Kong SAR, China

The Hong Kong built-in jacking system market amounted to $X in 2023, increasing by X% against the previous year. In general, the total consumption indicated a moderate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2017 indices. Built-in jacking system consumption peaked in 2023 and is likely to continue growth in the immediate term.

Built-In Jacking System Production in Hong Kong SAR, China

In value terms, built-in jacking system production amounted to $X in 2023 estimated in export price. Overall, the total production indicated temperate growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Built-In Jacking System Exports

Exports from Hong Kong SAR, China

Built-in jacking system exports from Hong Kong SAR dropped to X units in 2023, with a decrease of X% compared with the previous year. In general, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, built-in jacking system exports soared to $X in 2023. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2022 when exports increased by X%. The exports peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for built-in jacking system exports from Hong Kong SAR, with a X% share of total exports. Moreover, built-in jacking system exports to Canada exceeded the volume sent to the second major destination, Suriname (X units), threefold. Hungary (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Suriname (X% per year) and Hungary (X% per year).

In value terms, Canada ($X) emerged as the key foreign market for built-in jacking systems of a type used in garages for raising vehicles exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the Philippines ($X), with a X% share of total exports. It was followed by Suriname, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Suriname (X% per year).

Export Prices by Country

The average built-in jacking system export price stood at $X per unit in 2023, growing by X% against the previous year. In general, the export price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2022 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Hungary ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bulgaria (X%), while the prices for the other major destinations experienced more modest paces of growth.

Built-In Jacking System Imports

Imports into Hong Kong SAR, China

In 2023, after four years of decline, there was significant growth in purchases abroad of built-in jacking systems of a type used in garages for raising vehicles, when their volume increased by X% to X units. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, imports attained the peak of X units. From 2019 to 2023, the growth of imports remained at a lower figure.

In value terms, built-in jacking system imports skyrocketed to $X in 2023. In general, imports, however, saw a deep slump. The pace of growth was the most pronounced in 2018 when imports increased by X%. As a result, imports reached the peak of $X. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2023, China (X units) constituted the largest built-in jacking system supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, built-in jacking system imports from China exceeded the figures recorded by the second-largest supplier, Italy (X units), threefold.

From 2012 to 2023, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and Germany (X% per year).

In value terms, the largest built-in jacking system suppliers to Hong Kong SAR were China ($X), Italy ($X) and Germany ($X).

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2023, the average built-in jacking system import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price, however, recorded a slight downturn. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2022 to 2023, the average import prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, 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