Hong Kong SAR, China - Dairy Machinery - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDairy Machinery Price in Hong Kong SAR - 2023
Contents:
- Dairy Machinery Price in Hong Kong SAR (CIF) - 2022
- Dairy Machinery Price in Hong Kong SAR (FOB) - 2022
- Dairy Machinery Imports in Hong Kong SAR
- Dairy Machinery Exports in Hong Kong SAR
Dairy Machinery Price in Hong Kong SAR (CIF) - 2022
In 2022, the average dairy machinery import price amounted to $6,480 per unit, growing by 7.3% against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 when the average import price increased by 43%. The import price peaked at $10,468 per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($14,167 per unit), while the price for Australia ($26 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+18.6%), while the prices for the other major suppliers experienced a decline.
Dairy Machinery Price in Hong Kong SAR (FOB) - 2022
The average dairy machinery export price stood at $2,976 per unit in 2022, increasing by 13% against the previous year. In general, the export price, however, recorded a deep reduction. The growth pace was the most rapid in 2021 an increase of 69%. The export price peaked at $9,837 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($16,006 per unit), while the average price for exports to Sweden ($141 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+23.6%), while the prices for the other major destinations experienced more modest paces of growth.
Dairy Machinery Imports in Hong Kong SAR
In 2022, after two years of decline, there was decline in supplies from abroad of dairy machinery, when their volume decreased by 0% to 11 units. Overall, imports recorded a deep reduction. The smallest decline of -21.4% was in 2020. Over the period under review, imports reached the peak figure at 14 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, dairy machinery imports rose remarkably to $71K in 2022. In general, imports recorded a abrupt setback. Over the period under review, imports attained the peak figure at $86K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Dairy Machinery in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 38.5 | 43.9 | 37.1 | 42.5 | 3.3% |
| Germany | 21.6 | 19.2 | 12.6 | 11.3 | -19.4% |
| Sweden | 5.7 | 5.6 | 4.0 | 4.0 | -11.1% |
| Italy | 3.3 | 3.9 | 3.3 | 3.3 | 0.0% |
| China | 3.2 | 2.4 | 1.1 | 2.0 | -14.5% |
| Denmark | 1.4 | 1.2 | 0.7 | 0.6 | -24.6% |
| Taiwan (Chinese) | 0.3 | N/A | 0.2 | 0.2 | -12.6% |
| Macao SAR | 2.6 | N/A | N/A | N/A | 0% |
| Australia | N/A | N/A | N/A | N/A | 0% |
| Others | 9.2 | N/A | 7.4 | 7.4 | -7.0% |
| Total | 85.9 | 76.2 | 66.4 | 71.3 | -6.0% |
Top Suppliers of Dairy Machinery to Hong Kong SAR in 2022:
- United States (3.0 units)
- Australia (1.0 units)
- Italy (1.0 units)
- Taiwan (Chinese) (1.0 units)
- Denmark (1.0 units)
- Sweden (1.0 units)
- Germany (1.0 units)
- China (1.0 units)
Dairy Machinery Exports in Hong Kong SAR
In 2022, overseas shipments of dairy machinery decreased by -42.9% to 16 units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of 100%. As a result, the exports reached the peak of 28 units, and then plummeted in the following year.
In value terms, dairy machinery exports shrank significantly to $48K in 2022. Overall, exports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 238% against the previous year. As a result, the exports attained the peak of $73K, and then shrank significantly in the following year.
| Export of Dairy Machinery in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.2 | 7.8 | 15.8 | 16.0 | -19.1% |
| Italy | 6.4 | 4.3 | 14.1 | 14.3 | 30.7% |
| Singapore | 3.6 | 5.1 | 10.3 | 10.5 | 42.9% |
| Panama | 2.7 | 1.5 | 3.2 | 3.5 | 9.0% |
| Uganda | 2.7 | 1.1 | 1.8 | 1.5 | -17.8% |
| Indonesia | 0.8 | 0.4 | 0.8 | 0.7 | -4.4% |
| Pakistan | 0.4 | 0.2 | 0.5 | 0.5 | 7.7% |
| Thailand | 0.5 | N/A | 0.3 | 0.3 | -15.7% |
| Spain | 0.3 | 0.1 | 0.1 | 0.2 | -12.6% |
| Sweden | 0.3 | 0.1 | 0.2 | 0.1 | -30.7% |
| Mali | 7.1 | N/A | N/A | N/A | 0% |
| Saudi Arabia | N/A | N/A | 9.9 | N/A | 0% |
| Others | 1.3 | 1.1 | 16.5 | N/A | 256.3% |
| Total | 56.4 | 21.7 | 73.5 | 47.6 | -5.5% |
Top Export Markets for Dairy Machinery from Hong Kong SAR in 2022:
- Singapore (7.0 units)
- Pakistan (1.0 units)
- Italy (1.0 units)
- Panama (1.0 units)
- Indonesia (1.0 units)
- Sweden (1.0 units)
- China (1.0 units)
- Uganda (1.0 units)
- Thailand (1.0 units)
- Spain (1.0 units)
This report provides an in-depth analysis of the dairy machinery 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 28931200 - Dairy machinery (including homogenisers, irradiators, buttermaking machines, cheese-making 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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