Hong Kong SAR, China: Market for Lathes For Removing Metal 2024

Market Size for Lathes For Removing Metal in Hong Kong SAR, China

The Hong Kong lathe for removing metal market rose rapidly to $X in 2023, with an increase of X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market failed to regain momentum.

Production of Lathes For Removing Metal in Hong Kong SAR, China

In value terms, lathe for removing metal production reduced to $X in 2023 estimated in export price. In general, production saw a noticeable downturn. The pace of growth was the most pronounced in 2018 when the production volume increased by X%. Lathe for removing metal production peaked at $X in 2015; however, from 2016 to 2023, production failed to regain momentum.

Exports of Lathes For Removing Metal

Exports from Hong Kong SAR, China

For the fifth consecutive year, Hong Kong SAR recorded decline in overseas shipments of lathes for removing metal, which decreased by X% to X units in 2023. Over the period under review, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at X units in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, lathe for removing metal exports fell rapidly to $X in 2023. Overall, exports continue to indicate a precipitous shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Pakistan (X units) was the main destination for lathe for removing metal exports from Hong Kong SAR, with a X% share of total exports. Moreover, lathe for removing metal exports to Pakistan exceeded the volume sent to the second major destination, China (X units), twofold.

From 2012 to 2023, the average annual rate of growth in terms of volume to Pakistan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and Thailand (X% per year).

In value terms, China ($X) remains the key foreign market for lathes for removing metal exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by Pakistan ($X), with an X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Pakistan (X% per year) and Thailand (X% per year).

Export Prices by Country

In 2023, the average lathe for removing metal export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2022 an increase of X%. The export price peaked at $X per unit in 2012; however, from 2013 to 2023, 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 China ($X per unit), while the average price for exports to Thailand ($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 the Philippines (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Lathes For Removing Metal

Imports into Hong Kong SAR, China

In 2023, overseas purchases of lathes for removing metal were finally on the rise to reach X units after five years of decline. Overall, imports, however, saw a abrupt shrinkage. Over the period under review, lafor removing metal imports hit record highs at X units in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, lathe for removing metal imports soared to $X in 2023. In general, imports, however, saw a deep downturn. Over the period under review, lafor removing metal imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Taiwan (Chinese) (X units), China (X units) and Japan (X units) were the main suppliers of lathe for removing metal imports to Hong Kong SAR.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, the largest lathe for removing metal suppliers to Hong Kong SAR were China ($X), Taiwan (Chinese) ($X) and Japan ($X).

China, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average lathe for removing metal import price stood at $X per unit in 2023, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a perceptible slump. The growth pace was the most rapid in 2022 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($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