Hong Kong SAR, China: Mechano-Therapy Appliances Market 2024

Mechano-Therapy Appliances Market Size in Hong Kong SAR, China

The Hong Kong mechano-therapy appliances market contracted sharply to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a perceptible descent. Mechano-therapy appliances consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Mechano-Therapy Appliances Exports

Exports from Hong Kong SAR, China

In 2022, after four years of growth, there was significant decline in shipments abroad of mechano-therapy appliances and massage apparatus, when their volume decreased by X% to X units. In general, exports saw a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by X%. As a result, the exports attained the peak of X units, and then declined significantly in the following year.

In value terms, mechano-therapy appliances exports dropped remarkably to $X in 2022. Over the period under review, exports recorded a noticeable decline. The growth pace was the most rapid in 2021 with an increase of X%. As a result, the exports attained the peak of $X, and then fell significantly in the following year.

Exports by Country

The United States (X units), Japan (X units) and China (X units) were the main destinations of mechano-therapy appliances exports from Hong Kong SAR, together accounting for X% of total exports. Australia, Germany, South Korea, the UK, Taiwan (Chinese), France, Singapore, Macao SAR, the Netherlands and Canada lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and China ($X) appeared to be the largest markets for mechano-therapy appliances exported from Hong Kong SAR worldwide, together accounting for X% of total exports. Australia, Germany, South Korea, the UK, Taiwan (Chinese), France, Singapore, Macao SAR, the Netherlands and Canada lagged somewhat behind, together accounting for a further X%.

Taiwan (Chinese), with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average mechano-therapy appliances export price stood at $X per unit in 2022, reducing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and the United States ($X per unit), while the average price for exports to Macao SAR ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Mechano-Therapy Appliances Imports

Imports into Hong Kong SAR, China

In 2022, the amount of mechano-therapy appliances and massage apparatus imported into Hong Kong SAR dropped remarkably to X units, with a decrease of X% on the previous year's figure. Overall, imports continue to indicate a noticeable contraction. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, mechano-therapy appliances imports dropped sharply to $X in 2022. In general, imports saw a perceptible downturn. The growth pace was the most rapid in 2020 with an increase of X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of mechano-therapy appliances to Hong Kong SAR, with a X% share of total imports. Moreover, mechano-therapy appliances imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of mechano-therapy appliances and massage apparatus to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

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

Import Prices by Country

In 2022, the average mechano-therapy appliances import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X% against the previous year. The import price peaked at $X per unit in 2021, and then contracted slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the United States ($X per unit) and Japan ($X per unit), while the price for Singapore ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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