Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Hong Kong SAR - 2023
Contents:
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Hong Kong SAR (FOB) - 2023
- Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Hong Kong SAR (CIF) - 2023
- Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Hong Kong SAR
- Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Hong Kong SAR
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Hong Kong SAR (FOB) - 2023
In November 2023, the average export price for insulated electric conductors for a voltage under 1000 v, fitted with connectors amounted to $47,451 per ton, rising by 15% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was the United States ($73,650 per ton), while the average price for exports to Cambodia ($10,620 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Hong Kong SAR (CIF) - 2023
The average import price for insulated electric conductors for a voltage under 1000 v, fitted with connectors stood at $23,346 per ton in November 2023, remaining stable against the previous month. In general, the import price, however, recorded a mild setback. The growth pace was the most rapid in August 2023 when the average import price increased by 8.2% m-o-m. Over the period under review, average import prices hit record highs at $28,007 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($23,289 per ton), while the price for Thailand ($9,247 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (-1.5%), while the prices for the other major suppliers experienced a decline.
Exports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Hong Kong SAR
In 2022, the amount of insulated electric conductors for a voltage under 1000 v, fitted with connectors exported from Hong Kong SAR fell markedly to 50K tons, reducing by -39.5% against 2021. Over the period under review, exports faced a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 26%. As a result, the exports attained the peak of 82K tons, and then shrank rapidly in the following year.
In value terms, exports of insulated electric conductors for a voltage under 1000 v, fitted with connectors declined sharply to $2B in 2022. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year. As a result, the exports reached the peak of $2.4B, and then reduced sharply in the following year.
| Export of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 698 | 659 | 815 | 700 | 0.1% |
| United States | 462 | 384 | 494 | 368 | -7.3% |
| Japan | 173 | 140 | 154 | 123 | -10.7% |
| Taiwan (Chinese) | 38.9 | 51.1 | 98.0 | 110 | 41.4% |
| Vietnam | 35.6 | 52.9 | 64.3 | 83.3 | 32.8% |
| Mexico | 32.7 | 29.8 | 51.9 | 56.9 | 20.3% |
| Germany | 82.4 | 85.0 | 88.2 | 56.8 | -11.7% |
| Thailand | 51.8 | 43.3 | 62.0 | 56.6 | 3.0% |
| Netherlands | 38.7 | 39.2 | 54.0 | 42.6 | 3.3% |
| Malaysia | 34.6 | 29.8 | 43.8 | 33.5 | -1.1% |
| United Kingdom | 43.3 | 36.2 | 39.5 | 31.7 | -9.9% |
| Hungary | 18.9 | 17.9 | 24.9 | 28.4 | 14.5% |
| Philippines | 39.8 | 20.7 | 33.7 | 28.3 | -10.7% |
| Others | 270 | 266 | 412 | 319 | 5.7% |
| Total | 2,019 | 1,854 | 2,435 | 2,038 | 0.3% |
Top Export Markets for Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors from Hong Kong SAR in 2022:
- China (13.6K tons)
- United States (6.3K tons)
- Thailand (3.3K tons)
- Japan (3.1K tons)
- Philippines (2.7K tons)
- Vietnam (2.7K tons)
- Taiwan (Chinese) (2.5K tons)
- Netherlands (1.3K tons)
- Germany (1.3K tons)
- United Kingdom (1.2K tons)
- Hungary (1.1K tons)
- Mexico (1.0K tons)
- Malaysia (0.9K tons)
Imports of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Hong Kong SAR
Imports of insulated electric conductors for a voltage under 1000 v, fitted with connectors into Hong Kong SAR reduced sharply to 61K tons in 2022, which is down by -44.1% against the year before. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 7.8%.
In value terms, imports of insulated electric conductors for a voltage under 1000 v, fitted with connectors fell markedly to $1.7B in 2022. In general, imports recorded a deep setback. The growth pace was the most rapid in 2021 when imports increased by 13%. As a result, imports attained the peak of $2.1B, and then reduced notably in the following year.
| Import of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,903 | 1,665 | 1,901 | 1,434 | -9.0% |
| Vietnam | 8.7 | 25.2 | 17.8 | 72.8 | 103.0% |
| Japan | 75.1 | 47.9 | 52.1 | 30.7 | -25.8% |
| South Korea | 9.5 | 16.2 | 12.6 | 13.6 | 12.7% |
| Taiwan (Chinese) | 12.0 | 15.1 | 24.2 | 13.5 | 4.0% |
| Others | 126 | 129 | 140 | 126 | 0.0% |
| Total | 2,135 | 1,898 | 2,148 | 1,691 | -7.5% |
Top Suppliers of Insulated Electric Conductors for A Voltage Under 1000 V, Fitted with Connectors to Hong Kong SAR in 2022:
- China (52.5K tons)
- South Korea (2.5K tons)
- Vietnam (1.2K tons)
- Japan (1.0K tons)
- Taiwan (Chinese) (0.9K tons)
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