Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Hong Kong SAR - 2023

Contents:

1. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Hong Kong SAR (FOB) - 2022
2. Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Hong Kong SAR (CIF) - 2022
3. Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Hong Kong SAR
4. Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Hong Kong SAR

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Hong Kong SAR (FOB) - 2022

The average export price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $152,779 per ton in 2022, falling by -22% against the previous year. Over the period under review, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for balances; of a sensitivity of 5cg or better, with or without weightses decreased by -19.0% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 36%. The export price peaked at $207,439 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($154,524 per ton) and Thailand ($154,333 per ton), while the average price for exports to Singapore ($151,216 per ton) and Indonesia ($151,650 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Hong Kong SAR (CIF) - 2022

The average import price for balances; of a sensitivity of 5cg or better, with or without weightses stood at $132,025 per ton in 2022, declining by -6.4% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 20%. As a result, import price reached the peak level of $171,872 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Switzerland ($132,284 per ton) and Japan ($132,068 per ton), while the price for the Netherlands ($131,885 per ton) and South Korea ($131,890 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+0.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Hong Kong SAR

In 2022, exports of balances; of a sensitivity of 5cg or better, with or without weightses from Hong Kong SAR soared to 11 tons, with an increase of 44% on 2021. Overall, total exports indicated a temperate expansion from 2019 to 2022: its volume increased at an average annual rate of +3.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.8% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of balances; of a sensitivity of 5cg or better, with or without weightses expanded notably to $1.6M in 2022. In general, exports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 when exports increased by 14% against the previous year.

Top Export Markets for Balances; of A Sensitivity of 5cg or Better, with or Without Weights from Hong Kong SAR in 2022:

1. China (9.1 tons)
2. Taiwan (Chinese) (0.4 tons)
3. Macao SAR (0.2 tons)
4. Indonesia (0.1 tons)

Imports of Balances; of A Sensitivity of 5cg or Better, with or Without Weights in Hong Kong SAR

In 2022, approx. 11 tons of balances; of a sensitivity of 5cg or better, with or without weightses were imported into Hong Kong SAR; leveling off at 2021 figures. In general, imports, however, recorded a pronounced decline. The pace of growth was the most pronounced in 2021 with an increase of 1.6% against the previous year.

In value terms, imports of balances; of a sensitivity of 5cg or better, with or without weightses reduced to $1.4M in 2022. Overall, imports, however, recorded a abrupt contraction. The smallest decline of -4.9% was in 2021.

Top Suppliers of Balances; of A Sensitivity of 5cg or Better, with or Without Weights to Hong Kong SAR in 2022:

1. Germany (3.5 tons)
2. Japan (3.0 tons)
3. China (2.0 tons)
4. South Korea (1.5 tons)
5. Netherlands (0.7 tons)
6. Switzerland (0.2 tons)

Source: IndexBox Market Intelligence Platform