Price for Automatic Circuit Breakers for Under 1000 V in Hong Kong SAR - 2024
Contents:
- Price for Automatic Circuit Breakers for Under 1000 V in Hong Kong SAR (FOB) - 2024
- Price for Automatic Circuit Breakers for Under 1000 V in Hong Kong SAR (CIF) - 2024
- Exports of Automatic Circuit Breakers for Under 1000 V in Hong Kong SAR
- Imports of Automatic Circuit Breakers for Under 1000 V in Hong Kong SAR
Price for Automatic Circuit Breakers for Under 1000 V in Hong Kong SAR (FOB) - 2024
In December 2023, the average export price for automatic circuit breakers for under 1000 v amounted to $48.1 per unit, falling by -12% against the previous month. In general, export price indicated a temperate expansion from February 2023 to December 2023: its price increased at an average monthly rate of +3.0% over the last ten-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for automatic circuit breakers for under 1000 v decreased by -22.5% against October 2023 indices. The pace of growth was the most pronounced in May 2023 an increase of 68% against the previous month. Over the period under review, the average export prices attained the peak figure at $62.1 per unit in October 2023; however, from November 2023 to December 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was the United States ($94.3 per unit), while the average price for exports to Japan ($5.1 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Automatic Circuit Breakers for Under 1000 V in Hong Kong SAR (CIF) - 2024
In December 2023, the average import price for automatic circuit breakers for under 1000 v amounted to $59.7 per unit, surging by 58% against the previous month. Overall, import price indicated a strong increase from February 2023 to December 2023: its price increased at an average monthly rate of +5.6% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, import price for automatic circuit breakers for under 1000 v increased by +57.8% against November 2023 indices. The growth pace was the most rapid in September 2023 an increase of 69% m-o-m. Over the period under review, average import prices hit record highs in December 2023.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Japan ($93.2 per unit), while the price for India ($7.3 per unit) was amongst the lowest.
From February 2023 to December 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Automatic Circuit Breakers for Under 1000 V in Hong Kong SAR
In 2022, exports of automatic circuit breakers for under 1000 v from Hong Kong SAR shrank rapidly to 3.9M units, dropping by -19% on the year before. In general, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. The exports peaked at 5.1M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of automatic circuit breakers for under 1000 v dropped to $51M in 2022. Over the period under review, exports recorded a deep downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 9.3%. Over the period under review, the exports of reached the maximum at $61M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Automatic Circuit Breakers for Under 1000 V in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.5 | 25.8 | 28.9 | 27.3 | -2.6% |
| Singapore | 4.2 | 1.8 | 1.9 | 3.9 | -2.4% |
| Japan | 2.0 | 1.6 | 3.3 | 3.9 | 24.9% |
| United States | 5.6 | 3.5 | 3.5 | 3.5 | -14.5% |
| Vietnam | 1.7 | 4.7 | 6.4 | 2.6 | 15.2% |
| Mexico | 0.3 | 0.1 | 0.8 | 1.8 | 81.7% |
| Philippines | 2.9 | 2.4 | 2.6 | 0.7 | -37.7% |
| Cambodia | 1.3 | 1.0 | N/A | 0.7 | -18.6% |
| Thailand | 1.7 | 1.9 | 1.3 | 0.6 | -29.3% |
| Egypt | 0.2 | 0.4 | 0.2 | 0.1 | -20.6% |
| Hungary | 2.2 | 0.6 | 0.3 | 0.1 | -64.3% |
| Others | 9.1 | 6.7 | 6.0 | 6.3 | -11.5% |
| Total | 60.6 | 50.4 | 55.1 | 51.5 | -5.3% |
Top Export Markets for Automatic Circuit Breakers for Under 1000 V from Hong Kong SAR in 2022:
- China (1751.5K units)
- United States (481.9K units)
- Japan (463.2K units)
- Singapore (250.3K units)
- Mexico (228.9K units)
- Vietnam (189.7K units)
- Cambodia (99.6K units)
- Philippines (60.6K units)
- Thailand (33.7K units)
- Egypt (24.9K units)
- Hungary (8.5K units)
Imports of Automatic Circuit Breakers for Under 1000 V in Hong Kong SAR
Imports of automatic circuit breakers for under 1000 v into Hong Kong SAR plummeted to 3.3M units in 2022, reducing by -25.5% compared with 2021. In general, imports recorded a dramatic downturn. The smallest decline of -5% was in 2021. Imports peaked at 7.5M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of automatic circuit breakers for under 1000 v fell sharply to $43M in 2022. Over the period under review, imports recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 12%. Imports peaked at $66M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Automatic Circuit Breakers for Under 1000 V in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.3 | 21.9 | 23.8 | 22.9 | -8.9% |
| United States | 6.9 | 4.9 | 7.5 | 5.3 | -8.4% |
| Japan | 6.0 | 4.3 | 7.9 | 2.9 | -21.5% |
| Singapore | 5.5 | 2.6 | 3.5 | 2.7 | -21.1% |
| Germany | 2.0 | 1.1 | 1.0 | 2.6 | 9.1% |
| South Africa | 4.3 | 3.0 | 3.4 | 2.5 | -16.5% |
| Taiwan (Chinese) | 0.8 | 1.1 | 1.0 | 0.8 | 0.0% |
| United Kingdom | 2.8 | 0.8 | 0.1 | 0.3 | -52.5% |
| Others | 7.4 | 7.2 | 4.3 | 2.9 | -26.8% |
| Total | 66.1 | 46.9 | 52.5 | 42.9 | -13.4% |
Top Suppliers of Automatic Circuit Breakers for Under 1000 V to Hong Kong SAR in 2022:
- China (2381.8K units)
- South Africa (190.3K units)
- United States (181.2K units)
- Germany (133.3K units)
- Japan (105.0K units)
- Singapore (97.9K units)
- Taiwan (Chinese) (53.8K units)
- United Kingdom (15.3K units)
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