Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Hong Kong SAR - 2023
Contents:
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Hong Kong SAR (FOB) - 2022
- Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Hong Kong SAR (CIF) - 2022
- Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Hong Kong SAR
- Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Hong Kong SAR
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.2 per unit, with an increase of 14% against the previous year. In general, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.6% 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 electrical circuit prefabricated elements, connectors, contact elements and other equipment increased by +64.7% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 44% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($0.3 per unit), while the average price for exports to the Philippines ($0.1 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 Vietnam (+8.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for electrical circuit prefabricated elements, connectors, contact elements and other equipment amounted to $0.1 per unit, falling by -8.9% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth appeared the most rapid in 2017 an increase of 11%. Over the period under review, average import prices hit record highs at $0.2 per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($0.4 per unit), while the price for China ($0.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Hong Kong SAR
In 2022, shipments abroad of electrical circuit prefabricated elements, connectors, contact elements and other equipment decreased by -21.6% to 24B units, falling for the second year in a row after two years of growth. In general, exports showed a slight decrease. The pace of growth was the most pronounced in 2020 with an increase of 40%. As a result, the exports reached the peak of 36B units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of electrical circuit prefabricated elements, connectors, contact elements and other equipment dropped to $6B in 2022. The total export value increased at an average annual rate of +2.6% from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. As a result, the exports reached the peak of $6.7B, and then reduced in the following year.
| Export of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4,030 | 3,835 | 4,557 | 3,633 | -3.4% |
| Vietnam | 125 | 231 | 314 | 326 | 37.6% |
| United States | 274 | 191 | 284 | 293 | 2.3% |
| Taiwan (Chinese) | 115 | 156 | 216 | 279 | 34.4% |
| Japan | 168 | 158 | 198 | 189 | 4.0% |
| Thailand | 88.3 | 99.0 | 130 | 181 | 27.0% |
| Singapore | 85.5 | 87.0 | 137 | 126 | 13.8% |
| Malaysia | 91.9 | 103 | 121 | 125 | 10.8% |
| Mexico | 45.8 | 60.2 | 90.6 | 119 | 37.5% |
| Philippines | 42.4 | 33.0 | 41.8 | 97.3 | 31.9% |
| Germany | 95.5 | 78.3 | 78.6 | 93.8 | -0.6% |
| Indonesia | 28.5 | 38.1 | 50.8 | 40.0 | 12.0% |
| Others | 357 | 332 | 466 | 492 | 11.3% |
| Total | 5,548 | 5,402 | 6,685 | 5,994 | 2.6% |
Top Export Markets for Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment from Hong Kong SAR in 2022:
- China (12.9B units)
- United States (1.7B units)
- Philippines (1.1B units)
- Vietnam (1.1B units)
- Taiwan (Chinese) (1.0B units)
- Japan (0.9B units)
- Thailand (0.8B units)
- Mexico (0.5B units)
- Germany (0.5B units)
- Singapore (0.4B units)
- Indonesia (0.4B units)
- Malaysia (0.4B units)
Imports of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Hong Kong SAR
In 2022, overseas purchases of electrical circuit prefabricated elements, connectors, contact elements and other equipment decreased by -8.4% to 38B units for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +13.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +44.3% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 31% against the previous year. As a result, imports attained the peak of 41B units, and then fell in the following year.
In value terms, imports of electrical circuit prefabricated elements, connectors, contact elements and other equipment shrank markedly to $5.1B in 2022. The total import value increased at an average annual rate of +2.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28%. As a result, imports attained the peak of $6.1B, and then declined dramatically in the following year.
| Import of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,483 | 2,466 | 3,360 | 2,752 | 3.5% |
| Japan | 1,140 | 1,161 | 1,352 | 1,088 | -1.5% |
| Singapore | 165 | 204 | 273 | 234 | 12.4% |
| United States | 214 | 187 | 236 | 212 | -0.3% |
| South Korea | 161 | 179 | 206 | 205 | 8.4% |
| Taiwan (Chinese) | 104 | 96.0 | 124 | 106 | 0.6% |
| Germany | 95.7 | 92.7 | 109 | 97.7 | 0.7% |
| Others | 425 | 385 | 449 | 407 | -1.4% |
| Total | 4,788 | 4,772 | 6,109 | 5,102 | 2.1% |
Top Suppliers of Electrical Circuit Prefabricated Elements, Connectors, Contact Elements and Other Equipment to Hong Kong SAR in 2022:
- China (28.9B units)
- Japan (3.0B units)
- United States (1.5B units)
- South Korea (0.7B units)
- Germany (0.7B units)
- Singapore (0.6B units)
- Taiwan (Chinese) (0.5B units)
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