Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Hong Kong SAR - 2023
Contents:
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Hong Kong SAR (FOB) - 2022
- Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Hong Kong SAR (CIF) - 2023
- Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Hong Kong SAR
- Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Hong Kong SAR
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Hong Kong SAR (FOB) - 2022
The average export price for clocks; wall clocks, battery, accumulator or mains powereds stood at $16 per unit in 2022, almost unchanged from the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.3%. The most prominent rate of growth was recorded in 2017 an increase of 11% against the previous year. The export price peaked at $16 per unit in 2021, and then reduced slightly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($26 per unit), while the average price for exports to Indonesia ($5.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for clocks; wall clocks, battery, accumulator or mains powereds amounted to $14.0 per unit, with an increase of 8.4% against the previous month. In general, import price indicated a notable increase from November 2022 to November 2023: its price increased at an average monthly rate of +3.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for clocks; wall clocks, battery, accumulator or mains powereds increased by +29.6% against September 2023 indices. The most prominent rate of growth was recorded in March 2023 an increase of 65% month-to-month. The import price peaked at $14.6 per unit in June 2023; however, from July 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($97.4 per unit), while the price for Taiwan (Chinese) ($10.1 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+10.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Hong Kong SAR
Exports of clocks; wall clocks, battery, accumulator or mains powereds from Hong Kong SAR declined rapidly to 712K units in 2022, falling by -50.2% against 2021 figures. Overall, exports showed a sharp decrease. The growth pace was the most rapid in 2021 with an increase of 1%. The exports peaked at 2.1M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of clocks; wall clocks, battery, accumulator or mains powereds contracted notably to $12M in 2022. Over the period under review, exports showed a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 11%. The exports peaked at $28M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 14.5 | 10.9 | 10.9 | 1.9 | -49.2% |
| China | 1.3 | 1.1 | 1.4 | 1.1 | -5.4% |
| United States | 1.4 | 1.2 | 2.2 | 0.8 | -17.0% |
| Netherlands | 0.7 | 1.0 | 0.9 | 0.8 | 4.6% |
| Saudi Arabia | 1.0 | 0.5 | 0.9 | 0.7 | -11.2% |
| India | 0.7 | 0.2 | 0.3 | 0.6 | -5.0% |
| United Kingdom | 0.7 | 0.7 | 0.8 | 0.6 | -5.0% |
| Taiwan (Chinese) | 0.3 | 0.3 | 0.3 | 0.5 | 18.6% |
| Singapore | 0.5 | 0.3 | 0.5 | 0.5 | 0.0% |
| Philippines | 0.2 | 0.1 | 0.2 | 0.4 | 26.0% |
| Malaysia | 0.3 | 0.3 | 0.3 | 0.4 | 10.1% |
| Belgium | N/A | N/A | N/A | 0.3 | 0% |
| Indonesia | 1.2 | 0.3 | 0.5 | 0.2 | -45.0% |
| Others | 5.2 | 4.1 | 4.2 | 2.7 | -19.6% |
| Total | 28.2 | 21.0 | 23.3 | 11.6 | -25.6% |
Top Export Markets for Clocks; Wall Clocks, Battery, Accumulator or Mains Powered from Hong Kong SAR in 2022:
- Japan (120.5K units)
- United States (52.9K units)
- Netherlands (50.0K units)
- Saudi Arabia (45.6K units)
- China (44.0K units)
- Indonesia (41.2K units)
- United Kingdom (34.7K units)
- Singapore (34.3K units)
- India (30.3K units)
- Philippines (28.2K units)
- Malaysia (27.8K units)
- Belgium (24.6K units)
- Taiwan (Chinese) (24.2K units)
Imports of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Hong Kong SAR
In 2022, imports of clocks; wall clocks, battery, accumulator or mains powereds into Hong Kong SAR shrank significantly to 829K units, reducing by -51.2% on the previous year. Overall, imports saw a dramatic decrease. The pace of growth was the most pronounced in 2021 with an increase of 1.1% against the previous year. Over the period under review, imports of hit record highs at 1.9M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of clocks; wall clocks, battery, accumulator or mains powereds declined rapidly to $7.3M in 2022. Over the period under review, imports continue to indicate a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 2.9%. Over the period under review, imports of reached the maximum at $15M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.7 | 13.0 | 13.4 | 5.7 | -25.3% |
| Japan | 0.4 | 0.5 | 0.4 | 0.7 | 20.5% |
| Others | 0.9 | 0.4 | 0.6 | 0.9 | 0.0% |
| Total | 14.9 | 14.0 | 14.4 | 7.3 | -21.2% |
Top Suppliers of Clocks; Wall Clocks, Battery, Accumulator or Mains Powered to Hong Kong SAR in 2022:
- China (767.7K units)
- Japan (25.1K units)
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