Price for Prefabricated Buildings of Wood in Hong Kong SAR - 2023

Contents:

1. Price for Prefabricated Buildings of Wood in Hong Kong SAR (CIF) - 2022
2. Price for Prefabricated Buildings of Wood in Hong Kong SAR (FOB) - 2022
3. Imports of Prefabricated Buildings of Wood in Hong Kong SAR
4. Exports of Prefabricated Buildings of Wood in Hong Kong SAR

Price for Prefabricated Buildings of Wood in Hong Kong SAR (CIF) - 2022

The average prefabricated buildings of wood import price stood at $26,630 per unit in 2022, surging by 58% against the previous year. Overall, the import price continues to indicate resilient growth. The most prominent rate of growth was recorded in 2018 when the average import price increased by 66%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2017 to 2022, the rate of growth in terms of prices for China amounted to +17.8% per year.

Price for Prefabricated Buildings of Wood in Hong Kong SAR (FOB) - 2022

In 2022, the average prefabricated buildings of wood export price amounted to $43,304 per unit, with an increase of 79% against the previous year. Overall, the export price, however, recorded a abrupt slump. Over the period under review, the average export prices hit record highs at $184,877 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($45,562 per unit), while the average price for exports to China ($18,700 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 (+0.9%), while the prices for the other major destinations experienced a decline.

Imports of Prefabricated Buildings of Wood in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in purchases abroad of prefabricated buildings of wood, which decreased by -42.7% to 67 units in 2022. In general, imports continue to indicate a dramatic shrinkage. The smallest decline of -20.9% was in 2021. Imports peaked at 695 units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, prefabricated buildings of wood imports shrank to $1.8M in 2022. Over the period under review, imports faced a sharp slump. Over the period under review, imports reached the maximum at $11M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Prefabricated Buildings of Wood to Hong Kong SAR in 2022:

1. China (66.0 units)

Exports of Prefabricated Buildings of Wood in Hong Kong SAR

In 2022, the amount of prefabricated buildings of wood exported from Hong Kong SAR fell rapidly to 7 units, which is down by -56.2% on the previous year. Over the period under review, exports faced a dramatic descent. The growth pace was the most rapid in 2021 when exports increased by 45%. The exports peaked at 69 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, prefabricated buildings of wood exports reduced dramatically to $284K in 2022. In general, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2021 with an increase of 72% against the previous year. The exports peaked at $889K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Prefabricated Buildings of Wood from Hong Kong SAR in 2022:

1. Taiwan (Chinese) (6.0 units)
2. China (1.0 units)