Price for Wood; Shingles and Shakes in Hong Kong SAR - 2023
Contents:
- Price for Wood; Shingles and Shakes in Hong Kong SAR (CIF) - 2022
- Price for Wood; Shingles and Shakes in Hong Kong SAR (FOB) - 2022
- Imports of Wood; Shingles and Shakes in Hong Kong SAR
- Exports of Wood; Shingles and Shakes in Hong Kong SAR
Price for Wood; Shingles and Shakes in Hong Kong SAR (CIF) - 2022
In 2022, the average wood; shingles and shakes import price amounted to $808 per ton, dropping by -60.5% against the previous year. Over the period under review, the import price continues to indicate a abrupt setback. The growth pace was the most rapid in 2013 an increase of 206% against the previous year. As a result, import price attained the peak level of $10,717 per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.
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 the UK ($20,437 per ton), while the price for China ($313 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+541.3%), while the prices for the other major suppliers experienced a decline.
Price for Wood; Shingles and Shakes in Hong Kong SAR (FOB) - 2022
In 2022, the average wood; shingles and shakes export price amounted to $5,987 per ton, approximately mirroring the previous year. In general, the export price enjoyed prominent growth. The pace of growth was the most pronounced in 2019 an increase of 165%. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Cambodia.
From 2012 to 2022, the rate of growth in terms of prices for Cambodia amounted to +15.7% per year.
Imports of Wood; Shingles and Shakes in Hong Kong SAR
In 2022, wood; shingles and shakes imports into Hong Kong SAR surged to 38 tons, rising by 31% on the previous year. Overall, imports enjoyed a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 5,099%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, wood; shingles and shakes imports reduced sharply to $31K in 2022. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 2,768% against the previous year. As a result, imports reached the peak of $59K, and then dropped markedly in the following year.
| Import of Wood; Shingles and Shakes in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | N/A | N/A | 2.7 | 15.4 | 470.4% |
| China | 1.7 | N/A | 7.0 | 11.4 | 88.6% |
| Canada | 1.2 | N/A | 6.0 | 2.4 | 26.0% |
| Italy | 6.8 | 1.0 | 43.2 | 1.3 | -42.4% |
| Others | 6.8 | 1.0 | 0.2 | 0.1 | -75.5% |
| Total | 16.5 | 2.1 | 59.1 | 30.6 | 22.9% |
Top Suppliers of Wood; Shingles and Shakes to Hong Kong SAR in 2022:
- China (36.3 tons)
- United Kingdom (0.8 tons)
- Canada (0.6 tons)
- Italy (0.1 tons)
Exports of Wood; Shingles and Shakes in Hong Kong SAR
In 2022, overseas shipments of wood; shingles and shakeses increased by 50% to 1 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a sharp downturn.
In value terms, wood; shingles and shakes exports soared to $6K in 2022. Overall, exports, however, continue to indicate a abrupt contraction.
| Export of Wood; Shingles and Shakes in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 11.1 | 4.5 | 4.0 | 6.0 | -18.5% |
| United States | N/A | 3.5 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.1 | 8.0 | 4.0 | 6.0 | -18.5% |
Top Export Markets for Wood; Shingles and Shakes from Hong Kong SAR in 2022:
- Cambodia (1001.0 kg)
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