Price for Floating or Submersible Drilling or Production Platforms in Hong Kong SAR - 2022

Contents:

1. Price for Floating or Submersible Drilling or Production Platforms in Hong Kong SAR (CIF) - 2022
2. Price for Floating or Submersible Drilling or Production Platforms in Hong Kong SAR (FOB) - 2022
3. Imports of Floating or Submersible Drilling or Production Platforms in Hong Kong SAR
4. Exports of Floating or Submersible Drilling or Production Platforms in Hong Kong SAR

Price for Floating or Submersible Drilling or Production Platforms in Hong Kong SAR (CIF) - 2022

The average import price for floating or submersible drilling or production platformses stood at $11,527,106 per unit in 2022, picking up by 155% against the previous year. In general, the import price continues to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by 14,549% against the previous year. Over the period under review, average import prices attained the peak figure at $246,733,333 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +29.3% per year.

Price for Floating or Submersible Drilling or Production Platforms in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for floating or submersible drilling or production platformses amounted to $66,510 per unit, approximately reflecting the previous year. Overall, the export price, however, recorded a dramatic decline. Over the period under review, the average export prices attained the peak figure at $72,638,582 per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Angola.

From 2014 to 2022, the rate of growth in terms of prices for Singapore amounted to -42.8% per year.

Imports of Floating or Submersible Drilling or Production Platforms in Hong Kong SAR

In 2022, approx. 8 units of floating or submersible drilling or production platformses were imported into Hong Kong SAR; increasing by 300% compared with the previous year. In general, imports showed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of floating or submersible drilling or production platformses soared to $92M in 2022. Over the period under review, imports, however, saw a dramatic contraction. Imports peaked at $472M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Floating or Submersible Drilling or Production Platforms to Hong Kong SAR in 2022:

1. China (8.0 units)

Exports of Floating or Submersible Drilling or Production Platforms in Hong Kong SAR

In 2022, the amount of floating or submersible drilling or production platformses exported from Hong Kong SAR reduced dramatically to 1 units, with a decrease of -50% compared with 2021. Over the period under review, exports recorded a sharp downturn. The exports peaked at 2 units in 2021, and then contracted dramatically in the following year.

In value terms, exports of floating or submersible drilling or production platformses fell rapidly to $67K in 2022. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 98,333%. As a result, the exports reached the peak of $133K, and then reduced dramatically in the following year.

Top Export Markets for Floating or Submersible Drilling or Production Platforms from Hong Kong SAR in 2022:

1. Angola (1.0 units)

Source: IndexBox Market Intelligence Platform