Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Hong Kong SAR - 2023

Contents:

1. Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Hong Kong SAR (FOB) - 2022
2. Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Hong Kong SAR (CIF) - 2022
3. Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Hong Kong SAR
4. Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Hong Kong SAR

Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Hong Kong SAR (FOB) - 2022

The average export price for non-electric iron or steel central heating radiators of cast iron stood at $100 per unit in 2022, jumping by 281% against the previous year. In general, the export price continues to indicate a prominent expansion. 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 2022, amid the top suppliers, the country with the highest price was France ($153 per unit), while the average price for exports to China ($18 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+9.7%).

Price for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for non-electric iron or steel central heating radiators of cast iron amounted to $279 per unit, rising by 52% against the previous year. Overall, the import price showed a significant increase. The growth pace was the most rapid in 2017 when the average import price increased by 445%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($1,239 per unit), while the price for China ($55 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Hong Kong SAR

In 2022, overseas shipments of non-electric iron or steel central heating radiators of cast iron decreased by -93% to 100 units, falling for the second year in a row after two years of growth. Overall, exports recorded a significant decline. The pace of growth was the most pronounced in 2020 when exports increased by 69% against the previous year. As a result, the exports reached the peak of 4.5K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of non-electric iron or steel central heating radiators of cast iron shrank sharply to $10K in 2022. In general, exports showed a sharp contraction. The smallest decline of -24.5% was in 2020. The exports peaked at $150K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator of Cast Iron from Hong Kong SAR in 2022:

1. France (58.0 units)
2. China (36.0 units)
3. United States (5.0 units)

Imports of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in supplies from abroad of non-electric iron or steel central heating radiators of cast iron, which decreased by -13.7% to 531 units in 2022. Over the period under review, imports faced a precipitous slump. Imports peaked at 4.6K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of non-electric iron or steel central heating radiators of cast iron soared to $148K in 2022. In general, imports continue to indicate a sharp curtailment. Over the period under review, imports of hit record highs at $290K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator of Cast Iron to Hong Kong SAR in 2022:

1. Taiwan (Chinese) (363.0 units)
2. China (157.0 units)
3. Italy (10.0 units)

Source: IndexBox Market Intelligence Platform