Price for Milking Machines and Dairy Machinery in Hong Kong SAR - 2023
Contents:
- Price for Milking Machines and Dairy Machinery in Hong Kong SAR (FOB) - 2022
- Price for Milking Machines and Dairy Machinery in Hong Kong SAR (CIF) - 2022
- Exports of Milking Machines and Dairy Machinery in Hong Kong SAR
- Imports of Milking Machines and Dairy Machinery in Hong Kong SAR
Price for Milking Machines and Dairy Machinery in Hong Kong SAR (FOB) - 2022
The average export price for milking machines and dairy machineries stood at $3,062 per unit in 2022, dropping by -49.8% against the previous year. Overall, the export price recorded a abrupt decline. The pace of growth was the most pronounced in 2018 an increase of 77%. The export price peaked at $13,289 per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($33,737 per unit), while the average price for exports to Turkey ($853 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (-2.2%), while the prices for the other major destinations experienced a decline.
Price for Milking Machines and Dairy Machinery in Hong Kong SAR (CIF) - 2022
The average import price for milking machines and dairy machineries stood at $1,647 per unit in 2022, approximately equating the previous year. Over the period under review, the import price saw a abrupt descent. The pace of growth was the most pronounced in 2014 an increase of 98%. As a result, import price attained the peak level of $6,572 per unit. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($7,124 per unit), while the price for China ($1,174 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Israel (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Milking Machines and Dairy Machinery in Hong Kong SAR
In 2022, the amount of milking machines and dairy machineries exported from Hong Kong SAR reduced markedly to 14 units, waning by -72.5% compared with the year before. In general, exports recorded a precipitous slump. The pace of growth was the most pronounced in 2021 when exports increased by 76%. As a result, the exports reached the peak of 51 units, and then fell sharply in the following year.
In value terms, milking machines and dairy machinery exports dropped notably to $42K in 2022. Over the period under review, exports continue to indicate a dramatic contraction. The pace of growth appeared the most rapid in 2021 with an increase of 46%. Over the period under review, the exports hit record highs at $571K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Milking Machines and Dairy Machinery in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | N/A | N/A | 23.2 | 0% |
| Turkey | N/A | N/A | N/A | 9.5 | 0% |
| China | 559 | 211 | 254 | 2.4 | -83.7% |
| Others | 12.9 | 3.5 | 59.8 | 6.8 | -19.2% |
| Total | 571 | 214 | 313 | 41.9 | -58.1% |
Top Export Markets for Milking Machines and Dairy Machinery from Hong Kong SAR in 2022:
- Turkey (11.0 units)
- Mexico (1.0 units)
- China (1.0 units)
Imports of Milking Machines and Dairy Machinery in Hong Kong SAR
Milking machines and dairy machinery imports into Hong Kong SAR declined significantly to 16 units in 2022, which is down by -90.4% compared with 2021 figures. Overall, imports recorded a dramatic decline. The pace of growth was the most pronounced in 2021 when imports increased by 14% against the previous year. Over the period under review, imports hit record highs at 388 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, milking machines and dairy machinery imports fell notably to $26K in 2022. Over the period under review, imports recorded a precipitous curtailment. The smallest decline of -36.2% was in 2021. Imports peaked at $1.2M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Milking Machines and Dairy Machinery in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,045 | 148 | 119 | 17.2 | -74.6% |
| United States | 5.6 | N/A | 2.7 | 8.6 | 15.4% |
| Sweden | 64.0 | 70.5 | N/A | N/A | 10.2% |
| India | 75.6 | 207 | 87.6 | N/A | 7.6% |
| Italy | N/A | N/A | 66.4 | N/A | 0% |
| Others | 42.9 | 7.9 | 1.2 | 0.5 | -77.3% |
| Total | 1,234 | 434 | 277 | 26.3 | -72.3% |
Top Suppliers of Milking Machines and Dairy Machinery to Hong Kong SAR in 2022:
- China (15.0 units)
- United States (1.0 units)
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