Hong Kong SAR, China - Electronic Machines And Appliances For Testing Metals - Market Analysis, Forecast, Size, Trends And Insights
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View PricingElectronic Metal Tester Price in Hong Kong SAR - 2023
Contents:
- Electronic Metal Tester Price in Hong Kong SAR (FOB) - 2022
- Electronic Metal Tester Price in Hong Kong SAR (CIF) - 2023
- Electronic Metal Tester Exports in Hong Kong SAR
- Electronic Metal Tester Imports in Hong Kong SAR
Electronic Metal Tester Price in Hong Kong SAR (FOB) - 2022
In 2022, the average electronic metal tester export price amounted to $36,961 per unit, declining by -25.6% against the previous year. Overall, export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when the average export price increased by 21% against the previous year. As a result, the export price reached the peak level of $49,701 per unit, and then dropped rapidly in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($36,961 per unit), while the average price for exports to China amounted to $36,961 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.1%).
Electronic Metal Tester Price in Hong Kong SAR (CIF) - 2023
The average electronic metal tester import price stood at $4,727 per unit in June 2023, rising by 79% against the previous month. Overall, the import price saw mild growth. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 259% month-to-month. The import price peaked at $14,336 per unit in April 2023; afterwards, it flattened through to June 2023.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Germany ($10,105 per unit), while the price for Japan ($591 per unit) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+5.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Electronic Metal Tester Exports in Hong Kong SAR
In 2022, shipments abroad of electronic machines and appliances for testing metals was finally on the rise to reach 271 units for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a abrupt downturn. The exports peaked at 399 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, electronic metal tester exports skyrocketed to $10M in 2022. In general, exports, however, showed a abrupt descent. Over the period under review, the exports attained the maximum at $16M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Electronic Metal Tester in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.4 | 10.2 | 7.5 | 9.6 | -14.6% |
| United States | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Others | 0.2 | N/A | 0.1 | 0.1 | -20.6% |
| Total | 15.7 | 10.3 | 7.9 | 10.0 | -14.0% |
Top Export Markets for Electronic Metal Tester from Hong Kong SAR in 2022:
- China (259.0 units)
- United States (8.0 units)
Electronic Metal Tester Imports in Hong Kong SAR
In 2022, the amount of electronic machines and appliances for testing metals imported into Hong Kong SAR soared to 195 units, with an increase of 76% against the year before. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports reached the peak figure at 232 units in 2020; however, from 2021 to 2022, imports remained at a lower figure.
In value terms, electronic metal tester imports stood at $4.7M in 2022. Over the period under review, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2020 with an increase of 20%. As a result, imports reached the peak of $8.7M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Electronic Metal Tester in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.4 | 2.7 | 1.5 | 2.0 | -5.9% |
| China | 1.5 | 3.0 | 0.9 | 1.4 | -2.3% |
| Germany | 1.2 | 2.1 | 1.2 | 0.9 | -9.1% |
| Japan | 1.1 | 0.3 | 0.4 | 0.3 | -35.2% |
| United Kingdom | 0.3 | 0.4 | 0.2 | 0.2 | -12.6% |
| Taiwan (Chinese) | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Others | 0.3 | N/A | N/A | 0.1 | -30.7% |
| Total | 7.2 | 8.7 | 4.2 | 4.7 | -13.3% |
Top Suppliers of Electronic Metal Tester to Hong Kong SAR in 2022:
- United States (81.0 units)
- China (56.0 units)
- Germany (37.0 units)
- Japan (12.0 units)
- United Kingdom (8.0 units)
This report provides an in-depth analysis of the electronic metal tester 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 26516210 - Electronic machines and appliances for testing the mechanical properties of metals (excluding metallographic machines or appliances, instruments for detecting defects)
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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