Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Hong Kong SAR - 2022

Contents:

1. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Hong Kong SAR (CIF) - 2022
2. Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Hong Kong SAR (FOB) - 2022
3. Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Hong Kong SAR
4. Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Hong Kong SAR

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Hong Kong SAR (CIF) - 2022

The average import price for vessels; other, including warships and lifeboats, other than rowing boatses stood at $619,284 per unit in 2022, waning by -43.6% against the previous year. In general, the import price, however, continues to indicate a temperate expansion. The most prominent rate of growth was recorded in 2019 an increase of 333%. Over the period under review, average import prices reached the maximum at $1,097,187 per unit in 2021, and then declined markedly in the following year.

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 China ($2,783,125 per unit), while the price for Sweden ($9,016 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+140.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Hong Kong SAR (FOB) - 2022

The average export price for vessels; other, including warships and lifeboats, other than rowing boatses stood at $141,249 per unit in 2022, picking up by 510% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The export price peaked at $604,526 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Australia ($318,716 per unit), while the average price for exports to Singapore ($2,709 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 (-6.9%).

Imports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Hong Kong SAR

In 2022, the amount of vessels; other, including warships and lifeboats, other than rowing boatses imported into Hong Kong SAR skyrocketed to 8 units, increasing by 33% on the previous year. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of vessels; other, including warships and lifeboats, other than rowing boatses dropped markedly to $5M in 2022. Overall, imports enjoyed perceptible growth. The pace of growth was the most pronounced in 2021 with an increase of 284%. As a result, imports attained the peak of $6.6M, and then reduced markedly in the following year.

Top Suppliers of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats to Hong Kong SAR in 2022:

1. United States (1.0 units)
2. Italy (1.0 units)
3. Poland (1.0 units)
4. United Kingdom (1.0 units)
5. Sweden (1.0 units)
6. Vietnam (1.0 units)
7. China (1.0 units)
8. Spain (1.0 units)

Exports of Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats in Hong Kong SAR

Exports of vessels; other, including warships and lifeboats, other than rowing boatses from Hong Kong SAR skyrocketed to 3 units in 2022, picking up by 50% compared with 2021. Overall, exports recorded a buoyant increase. The growth pace was the most rapid in 2021 with an increase of 100% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, exports of vessels; other, including warships and lifeboats, other than rowing boatses soared to $424K in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Vessels; Other, Including Warships and Lifeboats, Other than Rowing Boats from Hong Kong SAR in 2022:

1. Australia (1.0 units)
2. China (1.0 units)
3. Singapore (1.0 units)

Source: IndexBox Market Intelligence Platform