Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hong Kong SAR - 2023
Contents:
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hong Kong SAR (FOB) - 2022
- Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hong Kong SAR (CIF) - 2022
- Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hong Kong SAR
- Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hong Kong SAR
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for furnaces and ovens; industrial or laboratory induction or dielectrics amounted to $2,102 per unit, waning by -22.2% against the previous year. In general, the export price recorded a significant decline. The pace of growth appeared the most rapid in 2016 when the average export price increased by 831%. As a result, the export price reached the peak level of $50,779 per unit. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Hungary amounted to +0.7% per year.
Price for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hong Kong SAR (CIF) - 2022
The average import price for furnaces and ovens; industrial or laboratory induction or dielectrics stood at $2,274 per unit in 2022, reducing by -11.4% against the previous year. Over the period under review, the import price, however, showed slight growth. The pace of growth appeared the most rapid in 2019 an increase of 441%. As a result, import price attained the peak level of $31,286 per unit. From 2020 to 2022, the average 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 Italy ($4,332 per unit), while the price for China ($2,058 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+19.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hong Kong SAR
Exports of furnaces and ovens; industrial or laboratory induction or dielectrics from Hong Kong SAR fell markedly to 121 units in 2022, waning by -84.5% compared with the previous year. Over the period under review, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 4,788%. As a result, the exports attained the peak of 782 units, and then shrank markedly in the following year.
In value terms, exports of furnaces and ovens; industrial or laboratory induction or dielectrics declined significantly to $254K in 2022. In general, exports recorded a sharp slump. The most prominent rate of growth was recorded in 2021 when exports increased by 6,034% against the previous year. As a result, the exports attained the peak of $2.1M, and then contracted significantly in the following year.
| Export of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,549 | 1.2 | 2,110 | 251 | -45.5% |
| Others | 14.0 | 33.2 | 1.4 | 2.9 | -40.8% |
| Total | 1,563 | 34.4 | 2,112 | 254 | -45.4% |
Top Export Markets for Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric from Hong Kong SAR in 2022:
- China (120.0 units)
Imports of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hong Kong SAR
In 2022, imports of furnaces and ovens; industrial or laboratory induction or dielectrics into Hong Kong SAR dropped notably to 88 units, with a decrease of -15.4% compared with the year before. Overall, imports recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 121%. As a result, imports attained the peak of 104 units, and then declined markedly in the following year.
In value terms, imports of furnaces and ovens; industrial or laboratory induction or dielectrics fell notably to $252K in 2022. In general, imports faced a sharp curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 155% against the previous year. Over the period under review, imports of hit record highs at $3.4M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 37.7 | N/A | 118 | 164 | 63.2% |
| Italy | 134 | 91.1 | 132 | 69.3 | -19.7% |
| China | 45.1 | 32.0 | 12.7 | 10.3 | -38.9% |
| United States | 48.8 | 17.9 | 2.6 | 8.9 | -43.3% |
| Japan | 581 | N/A | N/A | N/A | 0% |
| Australia | 64.4 | N/A | 101 | N/A | 25.2% |
| Others | 2,499 | 2.7 | N/A | N/A | -99.9% |
| Total | 3,410 | 144 | 367 | 252 | -58.0% |
Top Suppliers of Furnaces and Ovens; Industrial or Laboratory Induction or Dielectric to Hong Kong SAR in 2022:
- United Kingdom (64.0 units)
- Italy (16.0 units)
- China (5.0 units)
- United States (3.0 units)
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