Hong Kong SAR, China - Gear Cutting, Gear Grinding Or Gear Finishing Machines - Market Analysis, Forecast, Size, Trends And Insights
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View PricingGear Cutting Machine Price in Hong Kong SAR - 2023
Contents:
- Gear Cutting Machine Price in Hong Kong SAR (FOB) - 2022
- Gear Cutting Machine Price in Hong Kong SAR (CIF) - 2022
- Gear Cutting Machine Exports in Hong Kong SAR
- Gear Cutting Machine Imports in Hong Kong SAR
Gear Cutting Machine Price in Hong Kong SAR (FOB) - 2022
In 2022, the average gear cutting machine export price amounted to $93,456 per unit, growing by 23% against the previous year. Over the period under review, the export price continues to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2014 when the average export price increased by 80% against the previous year. Over the period under review, the average export prices hit record highs at $99,583 per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($132,626 per unit), while the average price for exports to Ecuador amounted to $2,058 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+329.2%).
Gear Cutting Machine Price in Hong Kong SAR (CIF) - 2022
In 2022, the average gear cutting machine import price amounted to $82,490 per unit, with an increase of 155% against the previous year. Overall, the import price enjoyed resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Switzerland ($492,231 per unit), while the price for China ($2,717 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+41.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Gear Cutting Machine Exports in Hong Kong SAR
In 2022, exports of gear cutting, gear grinding or gear finishing machines from Hong Kong SAR was estimated at 10 units, growing by 11% against 2021 figures. Over the period under review, exports posted perceptible growth. The growth pace was the most rapid in 2021 when exports increased by 125% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, gear cutting machine exports surged to $935K in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 92% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Gear Cutting Machine in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 655 | 356 | 665 | 928 | 12.3% |
| Ecuador | N/A | N/A | N/A | 6.2 | 0% |
| Japan | 260 | N/A | N/A | N/A | 0% |
| Pakistan | N/A | N/A | 19.3 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 916 | 356 | 685 | 935 | 0.7% |
Top Export Markets for Gear Cutting Machine from Hong Kong SAR in 2022:
- China (7.0 units)
- Ecuador (3.0 units)
Gear Cutting Machine Imports in Hong Kong SAR
In 2022, gear cutting machine imports into Hong Kong SAR fell remarkably to 9 units, which is down by -57.1% compared with 2021 figures. Over the period under review, imports continue to indicate a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. Imports peaked at 61 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, gear cutting machine imports rose significantly to $716K in 2022. Overall, imports, however, recorded a noticeable expansion. The growth pace was the most rapid in 2021 when imports increased by 159% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Gear Cutting Machine in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | N/A | 27.8 | N/A | 492 | 320.7% |
| Japan | 282 | 207 | 650 | 216 | -8.5% |
| China | 367 | 24.5 | 21.4 | 7.2 | -73.0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 649 | 259 | 672 | 716 | 3.3% |
Top Suppliers of Gear Cutting Machine to Hong Kong SAR in 2022:
- Japan (5.0 units)
- China (3.0 units)
- Switzerland (1.0 units)
This report provides an in-depth analysis of the gear cutting machine 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 28412430 - Gear cutting, gear grinding or gear finishing machines, for working metals, metal carbides or cermets (excluding planing, s lotting and broaching machines)
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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