Pumps; Parts Thereof Price in Hong Kong SAR - 2023
Contents:
- Pumps; Parts Thereof Price in Hong Kong SAR (CIF) - 2022
- Pumps; Parts Thereof Price in Hong Kong SAR (FOB) - 2022
- Pumps; Parts Thereof Imports in Hong Kong SAR
- Pumps; Parts Thereof Exports in Hong Kong SAR
Pumps; Parts Thereof Price in Hong Kong SAR (CIF) - 2022
In 2022, the average pumps; parts thereof import price amounted to $16,180 per ton, with an increase of 10% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 17% against the previous year. The import price peaked at $17,356 per ton in 2018; however, from 2019 to 2022, import prices remained at a 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 Singapore ($62,612 per ton), while the price for Thailand ($4,645 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Pumps; Parts Thereof Price in Hong Kong SAR (FOB) - 2022
The average pumps; parts thereof export price stood at $16,437 per ton in 2022, rising by 7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The pace of growth appeared the most rapid in 2021 when the average export price increased by 20%. Over the period under review, the average export prices hit record highs at $18,155 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($43,622 per ton), while the average price for exports to Hungary ($10,083 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 the United States (+5.6%), while the prices for the other major destinations experienced more modest paces of growth.
Pumps; Parts Thereof Imports in Hong Kong SAR
After three years of growth, supplies from abroad of pumps; parts thereoves decreased by -54.7% to 2.9K tons in 2022. Over the period under review, imports continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. As a result, imports reached the peak of 6.5K tons, and then declined notably in the following year.
In value terms, pumps; parts thereof imports shrank notably to $47M in 2022. In general, imports faced a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, imports reached the peak of $95M, and then fell rapidly in the following year.
| Import of Pumps; Parts Thereof in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 46.3 | 41.1 | 61.1 | 23.6 | -20.1% |
| Japan | 4.3 | 2.6 | 2.8 | 3.7 | -4.9% |
| Germany | 5.7 | 4.5 | 5.6 | 3.7 | -13.4% |
| United States | 5.4 | 5.0 | 3.9 | 3.2 | -16.0% |
| Taiwan (Chinese) | 4.5 | 4.7 | 5.5 | 2.3 | -20.0% |
| Italy | 1.2 | 1.1 | 1.8 | 0.8 | -12.6% |
| South Korea | 0.4 | 0.7 | 3.7 | 0.6 | 14.5% |
| Thailand | 0.2 | 0.4 | 0.5 | 0.2 | 0.0% |
| Others | 11.7 | 8.8 | 9.8 | 9.3 | -7.4% |
| Total | 79.8 | 68.8 | 94.7 | 47.4 | -15.9% |
Top Suppliers of Pumps; Parts Thereof to Hong Kong SAR in 2022:
- China (2176.7 tons)
- Taiwan (Chinese) (151.4 tons)
- Germany (87.5 tons)
- South Korea (79.4 tons)
- Japan (78.6 tons)
- United States (76.0 tons)
- Italy (58.8 tons)
- Thailand (44.0 tons)
Pumps; Parts Thereof Exports in Hong Kong SAR
In 2022, overseas shipments of pumps; parts thereoves decreased by -41.6% to 3.3K tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a deep slump. The growth pace was the most rapid in 2020 with an increase of 4%. As a result, the exports attained the peak of 5.7K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, pumps; parts thereof exports fell remarkably to $55M in 2022. Overall, exports faced a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year. As a result, the exports attained the peak of $87M, and then dropped rapidly in the following year.
| Export of Pumps; Parts Thereof in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 39.6 | 35.7 | 31.0 | 18.0 | -23.1% |
| United States | 9.1 | 8.2 | 16.7 | 10.3 | 4.2% |
| United Kingdom | 7.5 | 5.9 | 12.0 | 7.8 | 1.3% |
| Mexico | 13.8 | 10.6 | 12.8 | 5.1 | -28.2% |
| Japan | 1.3 | 1.4 | 1.7 | 2.4 | 22.7% |
| Hungary | N/A | N/A | 1.0 | 0.8 | -20.0% |
| Others | 7.4 | 11.5 | 11.7 | 10.2 | 11.3% |
| Total | 78.7 | 73.3 | 87.0 | 54.6 | -11.5% |
Top Export Markets for Pumps; Parts Thereof from Hong Kong SAR in 2022:
- China (1731.4 tons)
- Mexico (496.9 tons)
- United States (367.4 tons)
- United Kingdom (338.7 tons)
- Hungary (74.6 tons)
- Japan (55.3 tons)
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