Hong Kong SAR, China: Mounted Piezo-Electric Crystals Market 2024

Mounted Piezo-Electric Crystals Market Size in Hong Kong SAR, China

The Hong Kong mounted piezo-electric crystals market reduced remarkably to $X in 2023, declining by X% against the previous year. Over the period under review, consumption continues to indicate a abrupt slump. Mounted piezo-electric crystals consumption peaked at $X in 2016; however, from 2017 to 2023, consumption stood at a somewhat lower figure.

Mounted Piezo-Electric Crystals Production in Hong Kong SAR, China

In value terms, mounted piezo-electric crystals production declined to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Mounted Piezo-Electric Crystals Exports

Exports from Hong Kong SAR, China

In 2023, mounted piezo-electric crystals exports from Hong Kong SAR shrank modestly to X units, almost unchanged from the previous year. Over the period under review, exports, however, saw a prominent expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, mounted piezo-electric crystals exports contracted sharply to $X in 2023. In general, exports, however, recorded measured growth. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The exports peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

China (X units) was the main destination for mounted piezo-electric crystals exports from Hong Kong SAR, with a X% share of total exports. Moreover, mounted piezo-electric crystals exports to China exceeded the volume sent to the second major destination, Vietnam (X units), more than tenfold. The third position in this ranking was taken by India (X units), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and India (X% per year).

In value terms, China ($X) remains the key foreign market for mounted piezo-electric crystals exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Vietnam, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Vietnam (X% per year).

Export Prices by Country

The average mounted piezo-electric crystals export price stood at $X per unit in 2023, declining by X% against the previous year. Overall, the export price saw a pronounced reduction. The growth pace was the most rapid in 2021 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 2016; however, from 2017 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

Mounted Piezo-Electric Crystals Imports

Imports into Hong Kong SAR, China

In 2023, imports of mounted piezo-electric crystals into Hong Kong SAR declined to X units, falling by X% against the year before. Overall, total imports indicated a pronounced increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Imports peaked at X units in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, mounted piezo-electric crystals imports fell dramatically to $X in 2023. In general, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X units), China (X units) and Taiwan (Chinese) (X units) were the main suppliers of mounted piezo-electric crystals imports to Hong Kong SAR, with a combined X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest mounted piezo-electric crystals suppliers to Hong Kong SAR were Japan ($X), China ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average mounted piezo-electric crystals import price stood at $X per unit in 2023, dropping by X% against the previous year. In general, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Costa Rica ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Costa Rica (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform