Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Hong Kong SAR - 2023
Contents:
- Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Hong Kong SAR (FOB) - 2022
- Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Hong Kong SAR (CIF) - 2022
- Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Hong Kong SAR
- Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Hong Kong SAR
Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Hong Kong SAR (FOB) - 2022
The average export price for sound recording or reproducing apparatus; turntables (record-decks)s stood at $98 per unit in 2022, rising by 39% against the previous year. Overall, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($156 per unit), while the average price for exports to Japan ($57 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 China (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for sound recording or reproducing apparatus; turntables (record-decks)s amounted to $127 per unit, surging by 57% against the previous year. Overall, the import price enjoyed a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +9.1% per year.
Exports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Hong Kong SAR
In 2022, exports of sound recording or reproducing apparatus; turntables (record-decks)s from Hong Kong SAR dropped remarkably to 153K units, declining by -80% against 2021. Overall, exports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2021 when exports increased by 43%. As a result, the exports attained the peak of 764K units, and then contracted markedly in the following year.
In value terms, exports of sound recording or reproducing apparatus; turntables (record-decks)s fell rapidly to $15M in 2022. In general, exports continue to indicate a precipitous decrease. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Over the period under review, the exports of hit record highs at $57M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.0 | 2.3 | 4.1 | 6.3 | 46.6% |
| United States | 26.0 | 17.1 | 22.2 | 3.7 | -47.8% |
| Germany | 4.8 | 3.4 | 6.3 | 1.6 | -30.7% |
| Netherlands | 11.0 | 6.9 | 7.1 | 0.9 | -56.6% |
| Australia | 2.4 | 1.5 | 4.3 | 0.6 | -37.0% |
| United Kingdom | 6.3 | 6.9 | 2.9 | 0.3 | -63.8% |
| Canada | 0.1 | 1.2 | 1.8 | 0.2 | 26.0% |
| South Korea | 0.7 | 0.6 | 1.0 | 0.2 | -34.1% |
| Japan | 1.9 | 1.3 | 1.6 | 0.1 | -62.5% |
| Others | 1.6 | 0.8 | 2.7 | 1.2 | -9.1% |
| Total | 57.0 | 42.1 | 54.0 | 15.1 | -35.8% |
Top Export Markets for Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) from Hong Kong SAR in 2022:
- United States (58.6K units)
- China (43.3K units)
- Netherlands (10.3K units)
- Germany (10.3K units)
- Australia (8.7K units)
- Canada (3.5K units)
- South Korea (2.9K units)
- United Kingdom (2.5K units)
- Japan (1.5K units)
Imports of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Hong Kong SAR
In 2022, approx. 99K units of sound recording or reproducing apparatus; turntables (record-decks)s were imported into Hong Kong SAR; shrinking by -83.2% compared with the previous year's figure. In general, imports saw a sharp decline. The growth pace was the most rapid in 2021 when imports increased by 18%. Imports peaked at 751K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of sound recording or reproducing apparatus; turntables (record-decks)s declined sharply to $13M in 2022. Overall, imports showed a dramatic curtailment. The growth pace was the most rapid in 2021 with an increase of 36%. As a result, imports reached the peak of $48M, and then dropped dramatically in the following year.
| Import of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 45.7 | 33.8 | 44.3 | 9.0 | -41.8% |
| Others | 1.4 | 1.3 | 3.6 | 3.6 | 37.0% |
| Total | 47.1 | 35.2 | 47.9 | 12.6 | -35.6% |
Top Suppliers of Sound Recording or Reproducing Apparatus; Turntables (Record-Decks) to Hong Kong SAR in 2022:
- China (96.8K units)
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