Hong Kong SAR, China: Electronic Metal Tester Market 2024

Electronic Metal Tester Market Size in Hong Kong SAR, China

The Hong Kong electronic metal tester market surged to $X.2B in 2022, jumping by X% against the previous year. Overall, consumption recorded a significant increase. Over the period under review, the market reached the peak level at $X.8B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Electronic Metal Tester Production in Hong Kong SAR, China

In value terms, electronic metal tester production skyrocketed to $X.1B in 2022 estimated in export price. In general, production continues to indicate significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, production hit record highs at $X.4B in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Electronic Metal Tester Exports

Exports from Hong Kong SAR, China

In 2022, after two years of decline, there was significant growth in shipments abroad of electronic machines and appliances for testing metals, when their volume increased by X% to X units. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, electronic metal tester exports soared to $X in 2022. Over the period under review, exports, however, continue to indicate a slight slump. The pace of growth was the most pronounced in 2017 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), China (X units) and Malaysia (X units) were the main destinations of electronic metal tester exports from Hong Kong SAR, together accounting for X% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, China ($X) remains the key foreign market for electronic machines and appliances for testing metals exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Malaysia (X% per year).

Export Prices by Country

The average electronic metal tester export price stood at $X per unit in 2022, rising by X% against the previous year. Overall, the export price, however, saw a slight descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices remained at a somewhat 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 ($X per unit), while the average price for exports to the United States ($X 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 China (X%), while the prices for the other major destinations experienced a decline.

Electronic Metal Tester Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of electronic machines and appliances for testing metals was finally on the rise to reach X units after two years of decline. Overall, imports, however, saw a abrupt downturn. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, electronic metal tester imports rose markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a drastic downturn. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of electronic metal tester to Hong Kong SAR, with a X% share of total imports. Moreover, electronic metal tester imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), threefold. Japan (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Japan (X% per year).

In value terms, the United States ($X), China ($X) and Germany ($X) appeared to be the largest electronic metal tester suppliers to Hong Kong SAR, with a combined X% share of total imports.

Among the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average electronic metal tester import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then fell dramatically in the following year.

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 Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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