Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Hong Kong SAR - 2022

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Hong Kong SAR (CIF) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Hong Kong SAR (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Hong Kong SAR
4. Exports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Hong Kong SAR

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Hong Kong SAR (CIF) - 2022

The average import price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses stood at $985 per unit in 2022, falling by -17.5% against the previous year. Overall, the import price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 when the average import price increased by 78%. As a result, import price attained the peak level of $2,594 per unit. From 2018 to 2022, the average 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 Thailand ($3,268 per unit), while the price for China stood at $602 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+82.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses amounted to $347 per unit, with a decrease of -26% against the previous year. In general, the export price showed a pronounced contraction. The growth pace was the most rapid in 2018 an increase of 86% against the previous year. The export price peaked at $914 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($777 per unit), while the average price for exports to Tanzania ($1 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 Malaysia (+24.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Hong Kong SAR

In 2022, approx. 87 units of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses were imported into Hong Kong SAR; surging by 13% compared with the previous year. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 65%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses shrank to $86K in 2022. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 66%. Imports peaked at $92K in 2021, and then fell in the following year.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices to Hong Kong SAR in 2022:

1. China (79.0 units)
2. Thailand (6.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices in Hong Kong SAR

In 2022, exports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses from Hong Kong SAR skyrocketed to 7 units, increasing by 75% against 2021 figures. Overall, exports, however, saw a dramatic shrinkage. Over the period under review, the exports of reached the peak figure at 14 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of machines; automatic beverage-vending machines, not incorporating heating or refrigerating deviceses skyrocketed to $2.4K in 2022. Over the period under review, exports, however, continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 42%. Over the period under review, the exports of reached the maximum at $10K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Not Incorporating Heating or Refrigerating Devices from Hong Kong SAR in 2022:

1. United Kingdom (3.0 units)
2. Paraguay (1.0 units)
3. Jamaica (1.0 units)
4. Tanzania (1.0 units)
5. Thailand (1.0 units)

Source: IndexBox Market Intelligence Platform