Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Hong Kong SAR - 2023

Contents:

1. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Hong Kong SAR (CIF) - 2022
2. Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Hong Kong SAR (FOB) - 2022
3. Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Hong Kong SAR
4. Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Hong Kong SAR

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Hong Kong SAR (CIF) - 2022

The average import price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses stood at $2,107 per unit in 2022, with a decrease of -23.9% against the previous year. Overall, the import price, however, recorded strong growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 68%. The import price peaked at $2,768 per unit in 2021, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($9,761 per unit), while the price for Vietnam ($192 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Hong Kong SAR (FOB) - 2022

The average export price for harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses stood at $106 per unit in 2022, with an increase of 31% against the previous year. In general, the export price, however, faced a dramatic shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 292%. The export price peaked at $5,733 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($558 per unit), while the average price for exports to the United States amounted to $38 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-5.0%).

Imports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Hong Kong SAR

In 2022, overseas purchases of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses increased by 12% to 29 units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt slump. Over the period under review, imports of hit record highs at 56 units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses declined remarkably to $61K in 2022. Overall, imports, however, continue to indicate a deep downturn. The smallest decline of -12% was in 2020. Imports peaked at $114K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes to Hong Kong SAR in 2022:

1. Japan (18.0 units)
2. Austria (5.0 units)
3. Vietnam (3.0 units)
4. Taiwan (Chinese) (2.0 units)
5. France (1.0 units)

Exports of Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes in Hong Kong SAR

In 2022, overseas shipments of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses decreased by -83.3% to 306 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 806%. The exports peaked at 1.8K units in 2021, and then shrank significantly in the following year.

In value terms, exports of harrows; (excluding disc), scarifiers, cultivators, weeders and hoeses contracted markedly to $32K in 2022. In general, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 140%. The exports peaked at $148K in 2021, and then fell significantly in the following year.

Top Export Markets for Harrows; (Excluding Disc), Scarifiers, Cultivators, Weeders and Hoes from Hong Kong SAR in 2022:

1. United States (266.0 units)
2. China (40.0 units)

Source: IndexBox Market Intelligence Platform