Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Hong Kong SAR - 2023
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Hong Kong SAR (CIF) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Hong Kong SAR (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Hong Kong SAR
- Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Hong Kong SAR
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $125 per unit, surging by 29% against the previous year. In general, the import price, however, continues to indicate a mild decrease. The growth pace was the most rapid in 2018 an increase of 39%. The import price peaked at $141 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
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 Japan ($199 per unit), while the price for Taiwan (Chinese) ($52 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) amounted to $103 per unit, waning by -3.2% against the previous year. Overall, the export price recorded a abrupt downturn. The growth pace was the most rapid in 2013 when the average export price increased by 63% against the previous year. As a result, the export price attained the peak level of $351 per unit. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($179 per unit), while the average price for exports to the United States ($7.5 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 China (-1.5%), while the prices for the other major destinations experienced a decline.
Imports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Hong Kong SAR
In 2022, the amount of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) imported into Hong Kong SAR plummeted to 12K units, shrinking by -65.5% compared with 2021 figures. Over the period under review, imports continue to indicate a precipitous descent. The pace of growth appeared the most rapid in 2021 when imports increased by 7.6% against the previous year. Imports peaked at 41K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) reduced notably to $1.5M in 2022. Overall, imports recorded a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 30%. As a result, imports attained the peak of $3.4M, and then shrank remarkably in the following year.
| Import of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,127 | 1,166 | 1,373 | 887 | -7.7% |
| China | 319 | 357 | 732 | 337 | 1.8% |
| Taiwan (Chinese) | 1,007 | 1,017 | 924 | 213 | -40.4% |
| United States | 106 | 32.2 | 315 | 59.9 | -17.3% |
| Others | 109 | 31.7 | 41.0 | 10.9 | -53.6% |
| Total | 2,668 | 2,604 | 3,385 | 1,509 | -17.3% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) to Hong Kong SAR in 2022:
- Japan (4.5K units)
- Taiwan (Chinese) (4.1K units)
- China (3.1K units)
- United States (0.4K units)
Exports of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Hong Kong SAR
In 2022, overseas shipments of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) decreased by -62.9% to 13K units, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2020 when exports increased by 68%. As a result, the exports attained the peak of 40K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of tools; for working in the hand, pneumatic, rotary type (including combined rotary-percussion) contracted dramatically to $1.4M in 2022. In general, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, the exports attained the peak of $3.8M, and then shrank markedly in the following year.
| Export of Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,428 | 2,852 | 3,703 | 1,086 | -23.5% |
| Macao SAR | 5.6 | 0.5 | 0.7 | 229 | 244.5% |
| United States | 43.6 | 37.0 | 48.3 | 32.6 | -9.2% |
| United Arab Emirates | N/A | N/A | N/A | 9.5 | 0% |
| Others | 14.5 | 60.6 | 51.7 | 9.3 | -13.8% |
| Total | 2,491 | 2,950 | 3,804 | 1,367 | -18.1% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Rotary Type (Including Combined Rotary-Percussion) from Hong Kong SAR in 2022:
- China (6.1K units)
- United States (4.4K units)
- Macao SAR (2.4K units)
- United Arab Emirates (0.2K units)
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