Price for Navigational Instruments and Appliances; Parts and Accessories in Hong Kong SAR - 2023
Contents:
- Price for Navigational Instruments and Appliances; Parts and Accessories in Hong Kong SAR (CIF) - 2022
- Price for Navigational Instruments and Appliances; Parts and Accessories in Hong Kong SAR (FOB) - 2022
- Imports of Navigational Instruments and Appliances; Parts and Accessories in Hong Kong SAR
- Exports of Navigational Instruments and Appliances; Parts and Accessories in Hong Kong SAR
Price for Navigational Instruments and Appliances; Parts and Accessories in Hong Kong SAR (CIF) - 2022
The average import price for navigational instruments and appliances; parts and accessorieses stood at $1,400,174 per ton in 2022, surging by 34% against the previous year. Overall, the import price saw significant growth. The most prominent rate of growth was recorded in 2017 an increase of 140%. The import price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($4,534,396 per ton), while the price for New Zealand ($105,720 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+50.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Navigational Instruments and Appliances; Parts and Accessories in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for navigational instruments and appliances; parts and accessorieses amounted to $178,046 per ton, with an increase of 65% against the previous year. Overall, the export price saw a tangible increase. As a result, the export price attained 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 2022, amid the top suppliers, the country with the highest price was Vietnam ($1,391,068 per ton), while the average price for exports to the United States ($37,397 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+28.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Navigational Instruments and Appliances; Parts and Accessories in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in purchases abroad of navigational instruments and appliances; parts and accessorieses, which decreased by -45.3% to 21 tons in 2022. In general, imports recorded a dramatic contraction.
In value terms, imports of navigational instruments and appliances; parts and accessorieses shrank dramatically to $30M in 2022. Over the period under review, imports showed a significant curtailment. The smallest decline of -8% was in 2021.
| Import of Navigational Instruments and Appliances; Parts and Accessories in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 53.6 | 25.3 | 21.7 | 12.5 | -38.4% |
| Japan | 9.1 | 10.0 | 11.0 | 9.9 | 2.8% |
| Singapore | 5.1 | 3.2 | 3.4 | 3.7 | -10.1% |
| Germany | 5.6 | 2.9 | 1.6 | 1.1 | -41.9% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| Netherlands | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| New Zealand | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| Others | 2.9 | 2.4 | 2.6 | 2.0 | -11.6% |
| Total | 77.0 | 44.4 | 40.8 | 29.9 | -27.0% |
Top Suppliers of Navigational Instruments and Appliances; Parts and Accessories to Hong Kong SAR in 2022:
- China (8.3 tons)
- Japan (3.5 tons)
- Taiwan (Chinese) (2.0 tons)
- Netherlands (1.8 tons)
- Germany (1.2 tons)
- New Zealand (1.0 tons)
- Singapore (0.8 tons)
Exports of Navigational Instruments and Appliances; Parts and Accessories in Hong Kong SAR
In 2022, approx. 66 tons of navigational instruments and appliances; parts and accessorieses were exported from Hong Kong SAR; waning by -47.4% compared with the year before. In general, exports recorded a sharp downturn. The pace of growth was the most pronounced in 2021 with an increase of 22%.
In value terms, exports of navigational instruments and appliances; parts and accessorieses contracted to $12M in 2022. Overall, exports showed a dramatic shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 0.6% against the previous year.
| Export of Navigational Instruments and Appliances; Parts and Accessories in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.5 | 4.4 | 5.6 | 5.0 | -26.3% |
| Singapore | 2.9 | 1.7 | 1.8 | 1.3 | -23.5% |
| United States | 1.6 | 1.7 | 1.7 | 1.2 | -9.1% |
| Netherlands | 0.9 | 0.7 | 0.7 | 0.8 | -3.9% |
| Vietnam | 0.8 | 0.6 | 0.5 | 0.8 | 0.0% |
| Germany | 3.4 | 1.9 | 0.5 | 0.6 | -43.9% |
| Taiwan (Chinese) | 0.8 | N/A | 0.1 | 0.5 | -14.5% |
| Finland | 0.4 | 0.5 | 0.5 | 0.4 | 0.0% |
| Australia | 0.4 | 0.2 | 0.2 | 0.2 | -20.6% |
| Japan | 0.4 | 0.6 | 0.3 | 0.1 | -37.0% |
| Malaysia | 0.9 | 0.3 | 0.2 | 0.1 | -51.9% |
| Others | 1.3 | 0.9 | 1.5 | 0.9 | -11.5% |
| Total | 26.3 | 13.5 | 13.6 | 11.8 | -23.4% |
Top Export Markets for Navigational Instruments and Appliances; Parts and Accessories from Hong Kong SAR in 2022:
- United States (31.7 tons)
- Netherlands (11.6 tons)
- China (6.5 tons)
- Australia (3.1 tons)
- Finland (2.6 tons)
- Taiwan (Chinese) (1.8 tons)
- Japan (1.6 tons)
- Germany (1.4 tons)
- Singapore (1.1 tons)
- Vietnam (0.5 tons)
- Malaysia (0.3 tons)
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