Price for Tractors; (Other than Tractors of Heading No 8709) in Hong Kong SAR - 2023
Contents:
- Price for Tractors; (Other than Tractors of Heading No 8709) in Hong Kong SAR (CIF) - 2023
- Price for Tractors; (Other than Tractors of Heading No 8709) in Hong Kong SAR (FOB) - 2022
- Imports of Tractors; (Other than Tractors of Heading No 8709) in Hong Kong SAR
- Exports of Tractors; (Other than Tractors of Heading No 8709) in Hong Kong SAR
Price for Tractors; (Other than Tractors of Heading No 8709) in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for tractors; (other than tractors of heading no 8709)s amounted to $51,293 per unit, declining by -7.7% against the previous month. In general, the import price saw a slight decrease. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 45% against the previous month. As a result, import price reached the peak level of $90,481 per unit; afterwards, it flattened through to November 2023.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was China ($278K per unit), while the price for New Zealand ($28,588 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tractors; (Other than Tractors of Heading No 8709) in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for tractors; (other than tractors of heading no 8709)s amounted to $8,454 per unit, jumping by 149% against the previous year. In general, the export price, however, continues to indicate a deep setback. The export price peaked at $18,332 per unit in 2013; however, from 2014 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 Zambia ($52,435 per unit), while the average price for exports to Canada ($82 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 Zambia (+138.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Tractors; (Other than Tractors of Heading No 8709) in Hong Kong SAR
In 2022, imports of tractors; (other than tractors of heading no 8709)s into Hong Kong SAR soared to 320 units, rising by 109% on 2021 figures. Overall, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of tractors; (other than tractors of heading no 8709)s surged to $26M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Tractors; (Other than Tractors of Heading No 8709) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.8 | 4.3 | 1.6 | 9.9 | 131.3% |
| Belgium | 3.8 | 0.8 | 3.2 | 4.7 | 7.3% |
| Japan | 0.8 | 2.2 | 2.3 | 3.6 | 65.1% |
| Netherlands | 3.8 | 0.7 | 2.0 | 3.4 | -3.6% |
| Turkey | 0.4 | 0.7 | 0.7 | 1.0 | 35.7% |
| Poland | 0.2 | 0.4 | 0.7 | 0.9 | 65.1% |
| Germany | 0.3 | 0.5 | 0.8 | 0.8 | 38.7% |
| France | 0.2 | 0.3 | 0.1 | 0.7 | 51.8% |
| China | 0.6 | 0.1 | 0.1 | 0.3 | -20.6% |
| United States | 0.1 | N/A | 0.4 | 0.2 | 26.0% |
| Others | 0.6 | 0.7 | 1.4 | 1.1 | 22.4% |
| Total | 11.6 | 10.7 | 13.4 | 26.4 | 31.5% |
Top Suppliers of Tractors; (Other than Tractors of Heading No 8709) to Hong Kong SAR in 2022:
- Sweden (75.0 units)
- Belgium (72.0 units)
- Japan (59.0 units)
- Netherlands (35.0 units)
- Turkey (16.0 units)
- Germany (12.0 units)
- Poland (10.0 units)
- United States (8.0 units)
- France (5.0 units)
- China (4.0 units)
Exports of Tractors; (Other than Tractors of Heading No 8709) in Hong Kong SAR
In 2022, overseas shipments of tractors; (other than tractors of heading no 8709)s were finally on the rise to reach 52 units after two years of decline. In general, exports, however, recorded a abrupt downturn. Over the period under review, the exports of hit record highs at 95 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of tractors; (other than tractors of heading no 8709)s surged to $440K in 2022. Over the period under review, exports, however, showed a precipitous curtailment. The exports peaked at $1.2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Tractors; (Other than Tractors of Heading No 8709) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Tanzania | 116 | 0.4 | 15.7 | 117 | 0.3% |
| Zambia | 150 | 20.5 | 9.4 | 52.4 | -29.6% |
| Senegal | 0.6 | 0.1 | 5.8 | 26.9 | 255.2% |
| Singapore | 5.3 | 10.7 | 9.8 | 22.9 | 62.9% |
| China | 29.9 | 4.2 | 3.2 | 6.0 | -41.5% |
| Austria | 16.4 | 2.4 | 1.6 | 5.1 | -32.3% |
| Bangladesh | 2.9 | 0.6 | 0.7 | 1.9 | -13.1% |
| Belize | N/A | N/A | N/A | 1.0 | 0% |
| Australia | 4.8 | 0.7 | 0.5 | 0.8 | -45.0% |
| Colombia | 3.1 | 0.3 | 0.2 | 0.5 | -45.6% |
| Cameroon | 1.8 | 0.3 | 0.2 | 0.5 | -34.8% |
| Brazil | 0.7 | 0.1 | 0.1 | 0.1 | -47.7% |
| Canada | 0.2 | N/A | N/A | 0.1 | -20.6% |
| Others | 912 | 121 | 112 | 204 | -39.3% |
| Total | 1,243 | 162 | 159 | 440 | -29.3% |
Top Export Markets for Tractors; (Other than Tractors of Heading No 8709) from Hong Kong SAR in 2022:
- Tanzania (3.0 units)
- Singapore (2.0 units)
- Senegal (2.0 units)
- Brazil (1.0 units)
- Canada (1.0 units)
- Australia (1.0 units)
- Bangladesh (1.0 units)
- Austria (1.0 units)
- China (1.0 units)
- Colombia (1.0 units)
- Belize (1.0 units)
- Cameroon (1.0 units)
- Zambia (1.0 units)
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