В Гонконг Special Administrative Region of China is backed by mainland China and has a high level of economic development. As a world-renowned port city and a shipping center in the Far East, there is a large demand for various types of cranes every year. Through the investigation of the data, it is found that although it is close to mainland China, the sales volume of Chinese cranes in Hong Kong is not very optimistic. This article will predict the sales scale of the Hong Kong crane market in 2022 from the market size data of Hong Kong overhead cranes
Before we start discussing the aerial crane market in Hong Kong SAR, we have a few small questions that need to be answered first. Let’s take a look
Источник данных: https://www.indexbox.io/store/hong-kong-sar-china-overhead-travelling-cranes-on-fixed-support-market-analysis-forecast-size-trends-and-insights/
In 2020, the Hong Kong overhead crane market grew by X% to $X for the first time since 2017, ending a two-year downward trend. Overall, however, consumption faced a sudden downturn. The fastest growth rate in 2017, the market value increased by X% over the previous year. During the period under review, the market reached its highest level of X dollars in 2007; however, from 2008 to 2020, consumption was at a lower level.
Overseas shipments of fixed-support overhead cranes fell -X% to X units in 2020, falling for the fifth consecutive year after two years of growth. Overall, exports experienced a deep contraction. The most significant growth rate occurred in 2010, with an X% year-on-year increase. As a result, exports peaked at X units. From 2011 to 2020, the export growth rate remained at a low level. In value terms, 2020 overhead crane exports dropped significantly to $X. During the period under review, exports fell sharply. In 2014, the growth rate was the fastest, with exports increasing by X% year-on-year. During the period under review, exports peaked at $X in 2010; however, from 2011 to 2020, exports were slightly lower.
Spain (X units) was the main destination for Hong Kong SAR exports of overhead cranes, accounting for about X% of total exports. From 2007 to 2020, the average annual growth rate of freight volumes to Spain has been relatively modest. From 2007 to 2020, the average annual growth in value to Spain totaled +X%.
In 2020, the number of fixed-support overhead cranes imported to the Hong Kong Special Administrative Region surged to X units, an increase of X% over the previous year. Overall, however, imports continued to show a sharp contraction. In 2010, the growth rate was the fastest, with an increase of X% year-on-year. Imports peaked at X units in 2007; however, from 2008 to 2020, imports failed to regain momentum. Overhead crane imports surged to $X in 2020 by value. However, during the period under review, imports continued to show a trend of abrupt reductions. The most significant growth rate occurred in 2010, with an X% year-on-year increase. As a result, imports peaked at X dollars. From 2011 to 2020, import growth remained low.
In 2020, Spain (X units) was the major overhead crane supplier in Hong Kong SAR, accounting for X% of total imports. In addition, overhead cranes imported from Spain were more than ten times higher than the number recorded by the second largest supplier, China (X units). From 2007 to 2020, the average annual growth rate of sales in Spain was -X%. The average annual growth rates of imports for the remaining suppliers are as follows: China (-X% per annum) and Сингапур (-X% per annum). Spain ($X) is the largest supplier of overhead cranes in Hong Kong SAR by value, accounting for X% of total imports. In second place is China ($X) with X% of total imports. From 2007 to 2020, the average annual growth in value in Spain totaled +X%. The average annual growth rates of imports for the remaining suppliers are as follows: China (-X% per annum) and Singapore (-X% per annum).
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