Price for Ivory and Articles Thereof; Worked in Hong Kong SAR - 2023

Contents:

1. Price for Ivory and Articles Thereof; Worked in Hong Kong SAR (CIF) - 2022
2. Price for Ivory and Articles Thereof; Worked in Hong Kong SAR (FOB) - 2022
3. Imports of Ivory and Articles Thereof; Worked in Hong Kong SAR
4. Exports of Ivory and Articles Thereof; Worked in Hong Kong SAR

Price for Ivory and Articles Thereof; Worked in Hong Kong SAR (CIF) - 2022

The average import price for ivory and articles thereof; worked stood at $172,169 per ton in 2022, approximately mirroring the previous year. Over the period under review, the import price continues to indicate a perceptible decrease. The most prominent rate of growth was recorded in 2018 when the average import price increased by 50%. Over the period under review, average import prices attained the maximum at $272,769 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Switzerland ($183,605 per ton), while the price for Vietnam ($51,592 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+25.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Ivory and Articles Thereof; Worked in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for ivory and articles thereof; worked amounted to $229,014 per ton, which is down by -5.3% against the previous year. Over the period under review, the export price, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2016 an increase of 102% against the previous year. Over the period under review, the average export prices reached the maximum at $245,485 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($487,483 per ton), while the average price for exports to the Netherlands amounted to $164,288 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+26.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Ivory and Articles Thereof; Worked in Hong Kong SAR

In 2022, imports of ivory and articles thereof; worked into Hong Kong SAR skyrocketed to 5.7 tons, picking up by 814% compared with the previous year. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, ivory and articles thereof; worked imports skyrocketed to $985K in 2022. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Ivory and Articles Thereof; Worked to Hong Kong SAR in 2022:

1. Switzerland (4.0 tons)
2. China (1.5 tons)
3. Vietnam (0.2 tons)

Exports of Ivory and Articles Thereof; Worked in Hong Kong SAR

In 2022, ivory and articles thereof; worked exports from Hong Kong SAR expanded sharply to 1.6 tons, picking up by 10% against the previous year's figure. Over the period under review, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. As a result, the exports reached the peak of 2.8 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, ivory and articles thereof; worked exports stood at $367K in 2022. The total export value increased at an average annual rate of +7.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 29% against the previous year. As a result, the exports attained the peak of $383K. From 2021 to 2022, the growth of the exports remained at a lower figure.

Top Export Markets for Ivory and Articles Thereof; Worked from Hong Kong SAR in 2022:

1. Netherlands (1337.0 kg)
2. Germany (116.0 kg)

Source: IndexBox Market Intelligence Platform