Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Hong Kong SAR - 2023

Contents:

1. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Hong Kong SAR (CIF) - 2022
2. Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Hong Kong SAR (FOB) - 2022
3. Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Hong Kong SAR
4. Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Hong Kong SAR

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for pharmaceutical goods; appliances identifiable for ostomy uses amounted to $60,628 per ton, falling by -3.3% against the previous year. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 7.1%. As a result, import price reached the peak level of $73,963 per ton. From 2020 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($60,650 per ton) and India ($60,632 per ton), while the price for South Korea ($60,623 per ton) and China ($60,626 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-0.1%), while the prices for the other major suppliers experienced a decline.

Price for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Hong Kong SAR (FOB) - 2022

The average export price for pharmaceutical goods; appliances identifiable for ostomy uses stood at $62,131 per ton in 2022, shrinking by -7.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average export price increased by 11% against the previous year. As a result, the export price attained the peak level of $67,037 per ton, and then dropped in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($62,297 per ton), while the average price for exports to the United States ($62,070 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 China (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Hong Kong SAR

In 2022, after three years of growth, there was significant decline in supplies from abroad of pharmaceutical goods; appliances identifiable for ostomy uses, when their volume decreased by -50.2% to 54 tons. Overall, imports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 58%. As a result, imports attained the peak of 109 tons, and then shrank sharply in the following year.

In value terms, imports of pharmaceutical goods; appliances identifiable for ostomy uses contracted significantly to $3.3M in 2022. In general, imports continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 60%. As a result, imports reached the peak of $6.8M, and then fell dramatically in the following year.

Top Suppliers of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use to Hong Kong SAR in 2022:

1. Denmark (29.7 tons)
2. China (9.0 tons)
3. Germany (5.3 tons)
4. India (4.9 tons)
5. Turkey (1.6 tons)
6. Malaysia (1.2 tons)
7. South Korea (1.2 tons)

Exports of Pharmaceutical Goods; Appliances Identifiable for Ostomy Use in Hong Kong SAR

Exports of pharmaceutical goods; appliances identifiable for ostomy uses from Hong Kong SAR fell sharply to 15 tons in 2022, waning by -55.8% on 2021. Over the period under review, exports, however, continue to indicate significant growth. The growth pace was the most rapid in 2021 when exports increased by 1,681% against the previous year. As a result, the exports reached the peak of 35 tons, and then dropped dramatically in the following year.

In value terms, exports of pharmaceutical goods; appliances identifiable for ostomy uses shrank sharply to $954K in 2022. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 1,883% against the previous year. As a result, the exports attained the peak of $2.3M, and then contracted sharply in the following year.

Top Export Markets for Pharmaceutical Goods; Appliances Identifiable for Ostomy Use from Hong Kong SAR in 2022:

1. China (15.1 tons)
2. United States (0.2 tons)
3. Macao SAR (0.1 tons)

Source: IndexBox Market Intelligence Platform