Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Hong Kong SAR - 2024

Contents:

1. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Hong Kong SAR (CIF) - 2022
2. Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Hong Kong SAR (FOB) - 2022
3. Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Hong Kong SAR
4. Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Hong Kong SAR

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Hong Kong SAR (CIF) - 2022

The average import price for sanitary ware and parts thereof, of iron or steel stood at $8.2 per unit in 2022, increasing by 57% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 60% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($117 per unit), while the price for Spain ($4.4 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Sanitary Ware and Parts Thereof, of Iron or Steel in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for sanitary ware and parts thereof, of iron or steel amounted to $14 per unit, rising by 20% against the previous year. In general, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for sanitary ware and parts thereof, of iron or steel increased by +123.5% against 2014 indices. The pace of growth appeared the most rapid in 2015 an increase of 37% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($25 per unit), while the average price for exports to the United States ($6.7 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 France (+11.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Sanitary Ware and Parts Thereof, of Iron or Steel in Hong Kong SAR

In 2022, after three years of growth, there was significant decline in purchases abroad of sanitary ware and parts thereof, of iron or steel, when their volume decreased by -54.1% to 2.2M units. In general, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 when imports increased by 76%. As a result, imports reached the peak of 4.7M units, and then contracted notably in the following year.

In value terms, imports of sanitary ware and parts thereof, of iron or steel contracted markedly to $18M in 2022. Over the period under review, imports recorded a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of 28%. As a result, imports reached the peak of $25M, and then contracted significantly in the following year.

Top Suppliers of Sanitary Ware and Parts Thereof, of Iron or Steel to Hong Kong SAR in 2022:

1. China (1385.5K units)
2. Spain (318.2K units)
3. Germany (188.7K units)
4. Italy (85.1K units)
5. Portugal (60.4K units)
6. Japan (37.6K units)
7. Netherlands (35.7K units)

Exports of Sanitary Ware and Parts Thereof, of Iron or Steel in Hong Kong SAR

In 2022, shipments abroad of sanitary ware and parts thereof, of iron or steel decreased by -45.5% to 373K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports faced a deep contraction. The pace of growth appeared the most rapid in 2020 when exports increased by 18%. Over the period under review, the exports of hit record highs at 684K units in 2021, and then dropped rapidly in the following year.

In value terms, exports of sanitary ware and parts thereof, of iron or steel declined remarkably to $5.3M in 2022. In general, exports recorded a pronounced shrinkage. The growth pace was the most rapid in 2021 with an increase of 19%. As a result, the exports reached the peak of $8.1M, and then declined remarkably in the following year.

Top Export Markets for Sanitary Ware and Parts Thereof, of Iron or Steel from Hong Kong SAR in 2022:

1. United States (124.0K units)
2. China (81.9K units)
3. Malaysia (67.6K units)
4. France (35.8K units)
5. Macao SAR (15.1K units)
6. Philippines (10.2K units)
7. Spain (9.5K units)
8. Canada (5.4K units)
9. United Kingdom (5.4K units)
10. Netherlands (4.3K units)
11. Germany (1.7K units)

Source: IndexBox Market Intelligence Platform