Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hong Kong SAR - 2023
Contents:
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hong Kong SAR (CIF) - 2023
- Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hong Kong SAR (FOB) - 2022
- Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hong Kong SAR
- Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hong Kong SAR
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hong Kong SAR (CIF) - 2023
The average import price for machines and mechanical appliances; parts, of those having individual functionses stood at $27,469 per ton in December 2023, shrinking by -35% against the previous month. In general, the import price continues to indicate a pronounced descent. The pace of growth was the most pronounced in August 2023 an increase of 37% m-o-m. The import price peaked at $61,211 per ton in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($230K per ton), while the price for Malaysia ($11,382 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Thailand (+8.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hong Kong SAR (FOB) - 2022
The average export price for machines and mechanical appliances; parts, of those having individual functionses stood at $78,552 per ton in 2022, increasing by 74% against the previous year. Over the period under review, the export price showed a noticeable expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($119,718 per ton), while the average price for exports to Spain ($13,578 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hong Kong SAR
Imports of machines and mechanical appliances; parts, of those having individual functionses into Hong Kong SAR contracted rapidly to 4.8K tons in 2022, waning by -17.6% compared with the previous year's figure. In general, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 with an increase of 5.3% against the previous year. As a result, imports attained the peak of 5.8K tons, and then reduced sharply in the following year.
In value terms, imports of machines and mechanical appliances; parts, of those having individual functionses fell to $229M in 2022. Over the period under review, imports continue to indicate a slight descent. The pace of growth appeared the most rapid in 2021 when imports increased by 19% against the previous year.
| Import of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 96.1 | 79.5 | 93.5 | 107 | 3.6% |
| China | 74.2 | 61.6 | 65.3 | 41.5 | -17.6% |
| Thailand | 0.5 | 0.3 | 14.4 | 26.0 | 273.3% |
| Germany | 7.9 | 10.3 | 8.5 | 13.5 | 19.6% |
| United States | 16.2 | 13.0 | 13.2 | 10.9 | -12.4% |
| Malaysia | 2.4 | 2.7 | 5.1 | 4.8 | 26.0% |
| Taiwan (Chinese) | 3.8 | 5.2 | 3.5 | 2.8 | -9.7% |
| India | 1.3 | 0.3 | 0.3 | 1.8 | 11.5% |
| Others | 36.6 | 22.1 | 27.8 | 21.0 | -16.9% |
| Total | 239 | 195 | 232 | 229 | -1.4% |
Top Suppliers of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions to Hong Kong SAR in 2022:
- China (2774.5 tons)
- Japan (729.0 tons)
- Thailand (428.5 tons)
- Malaysia (170.1 tons)
- Germany (154.1 tons)
- United States (97.0 tons)
- India (94.8 tons)
- Taiwan (Chinese) (71.0 tons)
Exports of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hong Kong SAR
In 2022, shipments abroad of machines and mechanical appliances; parts, of those having individual functionses decreased by -43.9% to 2.5K tons, falling for the second consecutive year after two years of growth. Overall, exports recorded a dramatic shrinkage. The most prominent rate of growth was recorded in 2020 when exports increased by 1.6%. As a result, the exports attained the peak of 5.3K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of machines and mechanical appliances; parts, of those having individual functionses reduced modestly to $195M in 2022. In general, exports continue to indicate a mild shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 24%.
| Export of Machines and Mechanical Appliances; Parts, of Those Having Individual Functions in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 122 | 81.6 | 110 | 125 | 0.8% |
| India | 1.3 | 1.0 | 5.0 | 12.6 | 113.2% |
| United States | 22.7 | 29.6 | 18.9 | 10.0 | -23.9% |
| Japan | 10.1 | 6.7 | 16.1 | 7.5 | -9.4% |
| Taiwan (Chinese) | 1.8 | 2.4 | 1.7 | 4.7 | 37.7% |
| Malaysia | 2.3 | 2.8 | 3.8 | 3.5 | 15.0% |
| Vietnam | 1.6 | 3.5 | 5.4 | 3.4 | 28.6% |
| Germany | 3.0 | 1.5 | 4.1 | 3.0 | 0.0% |
| Philippines | 2.7 | 0.5 | 2.9 | 2.7 | 0.0% |
| Thailand | 11.0 | 6.0 | 5.5 | 2.6 | -38.2% |
| Spain | 2.5 | 2.3 | 2.0 | 0.9 | -28.9% |
| South Africa | 1.1 | 1.4 | 1.7 | 0.8 | -10.1% |
| Australia | 4.8 | 5.1 | 4.8 | 0.6 | -50.0% |
| Others | 18.3 | 17.0 | 17.5 | 18.1 | -0.4% |
| Total | 205 | 161 | 200 | 195 | -1.7% |
Top Export Markets for Machines and Mechanical Appliances; Parts, of Those Having Individual Functions from Hong Kong SAR in 2022:
- China (1120.4 tons)
- United States (352.6 tons)
- India (140.9 tons)
- Japan (128.7 tons)
- Vietnam (100.0 tons)
- Germany (66.3 tons)
- Spain (64.1 tons)
- Malaysia (63.5 tons)
- Philippines (58.3 tons)
- Taiwan (Chinese) (39.0 tons)
- South Africa (36.7 tons)
- Australia (30.9 tons)
- Thailand (17.3 tons)
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