Price for Machinery; Parts of the Machinery of Heading No. 8427 in Hong Kong SAR - 2023
Contents:
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Hong Kong SAR (FOB) - 2022
- Price for Machinery; Parts of the Machinery of Heading No. 8427 in Hong Kong SAR (CIF) - 2023
- Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Hong Kong SAR
- Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Hong Kong SAR
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Hong Kong SAR (FOB) - 2022
The average export price for machinery; parts of the machinery of heading no. 8427 stood at $44,068 per ton in 2022, surging by 12% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for machinery; parts of the machinery of heading no. 8427 increased by +15.9% against 2018 indices. The growth pace was the most rapid in 2018 when the average export price increased by 70% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($54,431 per ton), while the average price for exports to Malaysia ($2,159 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 Indonesia (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machinery; Parts of the Machinery of Heading No. 8427 in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for machinery; parts of the machinery of heading no. 8427 amounted to $17,362 per ton, surging by 4% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.2%. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 42% month-to-month. Over the period under review, average import prices attained the peak figure in October 2023.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Singapore ($118K per ton), while the price for China ($13,174 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Singapore (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Machinery; Parts of the Machinery of Heading No. 8427 in Hong Kong SAR
Exports of machinery; parts of the machinery of heading no. 8427 from Hong Kong SAR rose slightly to 440 tons in 2022, surging by 3.1% compared with 2021. In general, exports, however, showed a pronounced decrease. The most prominent rate of growth was recorded in 2020 with an increase of 32%. As a result, the exports attained the peak of 639 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of machinery; parts of the machinery of heading no. 8427 surged to $19M in 2022. The total export value increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year. As a result, the exports reached the peak of $23M. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Machinery; Parts of the Machinery of Heading No. 8427 in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 13.0 | 20.0 | 15.4 | 18.2 | 11.9% |
| China | 0.8 | 1.3 | 0.9 | 0.5 | -14.5% |
| Canada | N/A | 0.1 | N/A | 0.1 | 0.0% |
| United States | N/A | 0.2 | N/A | 0.1 | -29.3% |
| Malaysia | N/A | N/A | N/A | N/A | 0% |
| Mexico | 0.9 | 0.8 | 0.1 | N/A | -66.7% |
| Others | 2.1 | 0.3 | 0.4 | 0.5 | -38.0% |
| Total | 16.8 | 22.7 | 16.8 | 19.4 | 4.9% |
Top Export Markets for Machinery; Parts of the Machinery of Heading No. 8427 from Hong Kong SAR in 2022:
- Japan (334.1 tons)
- Canada (44.0 tons)
- China (36.8 tons)
- Malaysia (7.0 tons)
- United States (6.8 tons)
- Mexico (0.7 tons)
Imports of Machinery; Parts of the Machinery of Heading No. 8427 in Hong Kong SAR
In 2022, the amount of machinery; parts of the machinery of heading no. 8427 imported into Hong Kong SAR dropped slightly to 539 tons, which is down by -4.7% against the previous year's figure. In general, imports recorded a abrupt descent.
In value terms, imports of machinery; parts of the machinery of heading no. 8427 expanded modestly to $8.9M in 2022. Overall, imports showed a abrupt setback.
| Import of Machinery; Parts of the Machinery of Heading No. 8427 in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.6 | 4.5 | 4.5 | 5.3 | 4.8% |
| Japan | 1.0 | 1.1 | 1.2 | 0.8 | -7.2% |
| Netherlands | 0.2 | 0.1 | 0.1 | 0.5 | 35.7% |
| Singapore | 2.3 | 0.8 | 0.9 | 0.5 | -39.9% |
| United States | 0.5 | 0.8 | 0.4 | 0.3 | -15.7% |
| Malaysia | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Sri Lanka | 0.4 | 0.2 | N/A | N/A | -50.0% |
| Others | 1.9 | 1.3 | 1.5 | 1.4 | -9.7% |
| Total | 10.9 | 8.9 | 8.7 | 8.9 | -6.5% |
Top Suppliers of Machinery; Parts of the Machinery of Heading No. 8427 to Hong Kong SAR in 2022:
- China (404.7 tons)
- Singapore (36.2 tons)
- Netherlands (30.0 tons)
- Japan (23.1 tons)
- Malaysia (10.8 tons)
- United States (5.3 tons)
- Sri Lanka (1.5 tons)
308
This report provides an in-depth analysis of the construction equipment blade market in Hong Kong SAR, China.
520
This report provides an in-depth analysis of the market for ship derrick buckets and shovels in Hong Kong SAR, China.
297
This report provides an in-depth analysis of the colloidal precious metals market in Hong Kong SAR, China.
497
This report provides an in-depth analysis of the global construction equipment blade market.
479
This report provides an in-depth analysis of the global market for ship derrick buckets and shovels.
520
This report provides an in-depth analysis of the global colloidal precious metals market.
308
This report provides an in-depth analysis of the construction equipment blade market in Hong Kong SAR, China.
520
This report provides an in-depth analysis of the market for ship derrick buckets and shovels in Hong Kong SAR, China.
497
This report provides an in-depth analysis of the global construction equipment blade market.
479
This report provides an in-depth analysis of the global market for ship derrick buckets and shovels.
306
Explore the top import markets for colloidal precious metals across the world, including India, Mexico, Germany, and more. Learn about the import values, key statistics, and market trends. Dive into the market intelligence provided by IndexBox for informed decision-making.
1907
In value terms, colloidal precious metals imports stood at $X in 2016. In general, colloidal precious metals imports continue to indicate a pronounced decrease. Over the period under review, global...
1451
In value terms, colloidal precious metals exports amounted to $X in 2016. In general, colloidal precious metals exports continue to indicate a significant slump. Global colloidal precious metals ex...
