Price for Reciprocating or Rotary Internal Combustion Piston Engines in Hong Kong SAR - 2023
Contents:
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Hong Kong SAR (FOB) - 2022
- Price for Reciprocating or Rotary Internal Combustion Piston Engines in Hong Kong SAR (CIF) - 2022
- Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Hong Kong SAR
- Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Hong Kong SAR
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for reciprocating or rotary internal combustion piston engineses amounted to $2,446 per unit, increasing by 57% against the previous year. Over the period under review, the export price posted a prominent increase. The pace of growth appeared the most rapid in 2016 when the average export price increased by 590% against the previous year. As a result, the export price reached the peak level of $2,449 per unit; afterwards, it flattened through to 2022.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($3,596 per unit), while the average price for exports to Nigeria ($272 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 Japan (+20.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Reciprocating or Rotary Internal Combustion Piston Engines in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for reciprocating or rotary internal combustion piston engineses amounted to $1,273 per unit, picking up by 7.9% against the previous year. In general, the import price showed a strong increase. The growth pace was the most rapid in 2016 when the average import price increased by 75%. The import price peaked at $1,520 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Austria ($16,819 per unit), while the price for Thailand ($249 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Reciprocating or Rotary Internal Combustion Piston Engines in Hong Kong SAR
In 2022, shipments abroad of reciprocating or rotary internal combustion piston engineses decreased by -9.5% to 16K units, falling for the second year in a row after two years of growth. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +7.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -33.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 84%. As a result, the exports attained the peak of 23K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of reciprocating or rotary internal combustion piston engineses skyrocketed to $31M in 2022. In general, total exports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +24.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.6% against 2019 indices. The most prominent rate of growth was recorded in 2020 when exports increased by 42% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Reciprocating or Rotary Internal Combustion Piston Engines in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.6 | 13.1 | 15.5 | 12.0 | 11.7% |
| Russia | N/A | N/A | N/A | 10.0 | 0% |
| Singapore | 0.9 | 1.0 | 1.0 | 2.1 | 32.6% |
| Malaysia | 0.2 | 0.4 | 0.7 | 2.0 | 115.4% |
| United Arab Emirates | 0.6 | 0.3 | 0.7 | 1.1 | 22.4% |
| Germany | 2.6 | 0.2 | 0.1 | 0.9 | -29.8% |
| South Africa | 0.6 | 0.3 | 0.2 | 0.5 | -5.9% |
| South Korea | N/A | 0.6 | 1.0 | 0.4 | -18.4% |
| Thailand | 0.3 | 0.1 | 0.6 | 0.3 | 0.0% |
| Pakistan | N/A | 0.2 | 0.3 | 0.2 | 0.0% |
| Nigeria | 0.6 | 0.3 | 0.1 | 0.2 | -30.7% |
| Taiwan (Chinese) | 0.3 | 2.7 | 0.7 | 0.1 | -30.7% |
| Canada | N/A | 1.8 | N/A | N/A | 0% |
| Others | 1.2 | 1.5 | 1.0 | 1.0 | -5.9% |
| Total | 15.9 | 22.6 | 21.9 | 30.9 | 24.8% |
Top Export Markets for Reciprocating or Rotary Internal Combustion Piston Engines from Hong Kong SAR in 2022:
- China (4.3K units)
- Malaysia (3.5K units)
- Russia (3.1K units)
- United Arab Emirates (1.1K units)
- Singapore (0.6K units)
- Nigeria (0.6K units)
- Pakistan (0.5K units)
- Thailand (0.5K units)
- South Africa (0.4K units)
- Germany (0.4K units)
- South Korea (0.3K units)
Imports of Reciprocating or Rotary Internal Combustion Piston Engines in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in supplies from abroad of reciprocating or rotary internal combustion piston engineses, which decreased by -24.9% to 18K units in 2022. Over the period under review, imports continue to indicate a abrupt contraction. The smallest decline of -5.7% was in 2020. Over the period under review, imports of attained the peak figure at 28K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of reciprocating or rotary internal combustion piston engineses contracted significantly to $23M in 2022. Overall, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2020 when imports increased by 14%. As a result, imports reached the peak of $35M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Reciprocating or Rotary Internal Combustion Piston Engines in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 16.1 | 11.3 | 8.3 | 8.0 | -20.8% |
| Austria | 3.0 | 7.0 | 8.5 | 7.5 | 35.7% |
| United States | 5.2 | 11.0 | 9.0 | 4.8 | -2.6% |
| China | 1.2 | 0.9 | 1.0 | 1.1 | -2.9% |
| Thailand | 0.5 | 0.7 | 0.5 | 0.6 | 6.3% |
| Malaysia | 0.6 | 0.9 | 0.3 | 0.1 | -45.0% |
| Others | 4.1 | 2.9 | 1.1 | 0.7 | -44.5% |
| Total | 30.6 | 34.7 | 28.8 | 22.7 | -9.5% |
Top Suppliers of Reciprocating or Rotary Internal Combustion Piston Engines to Hong Kong SAR in 2022:
- Japan (6.8K units)
- United States (5.0K units)
- China (2.7K units)
- Thailand (2.2K units)
- Austria (0.4K units)
- Malaysia (0.3K units)
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