Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Hong Kong SAR - 2023
Contents:
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Hong Kong SAR (CIF) - 2022
- Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Hong Kong SAR (FOB) - 2022
- Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Hong Kong SAR
- Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Hong Kong SAR
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for tools; for working in the hand, pneumatic, other than rotary type amounted to $39 per unit, rising by 2.2% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable reduction. The pace of growth appeared the most rapid in 2014 an increase of 34% against the previous year. As a result, import price attained the peak level of $78 per unit. From 2015 to 2022, the average import prices failed to regain momentum.
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 Germany ($697 per unit), while the price for China ($18 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+14.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for tools; for working in the hand, pneumatic, other than rotary type amounted to $39 per unit, falling by -55.4% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2019 when the average export price increased by 54%. The export price peaked at $128 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($211 per unit), while the average price for exports to the United States ($25 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 Taiwan (Chinese) (+3.5%), while the prices for the other major destinations experienced a decline.
Imports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Hong Kong SAR
Imports of tools; for working in the hand, pneumatic, other than rotary type into Hong Kong SAR dropped markedly to 34K units in 2022, with a decrease of -22.3% compared with the previous year's figure. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 84%. As a result, imports attained the peak of 43K units, and then declined dramatically in the following year.
In value terms, imports of tools; for working in the hand, pneumatic, other than rotary type declined notably to $1.3M in 2022. Over the period under review, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 9.8%. Imports peaked at $1.7M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
Import of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 148 | 92.2 | 113 | 399 | 39.2% |
Japan | 169 | 222 | 281 | 319 | 23.6% |
United States | 161 | 189 | 37.6 | 228 | 12.3% |
Taiwan (Chinese) | 409 | 573 | 675 | 192 | -22.3% |
Italy | 92.2 | 105 | 154 | 35.1 | -27.5% |
Others | 704 | 328 | 397 | 141 | -41.5% |
Total | 1,683 | 1,509 | 1,657 | 1,315 | -7.9% |
Top Suppliers of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type to Hong Kong SAR in 2022:
- China (22.0K units)
- Taiwan (Chinese) (5.1K units)
- Japan (4.4K units)
- United States (1.4K units)
- Italy (0.4K units)
Exports of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Hong Kong SAR
Exports of tools; for working in the hand, pneumatic, other than rotary type from Hong Kong SAR skyrocketed to 18K units in 2022, jumping by 99% compared with the previous year. In general, exports enjoyed a prominent increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of tools; for working in the hand, pneumatic, other than rotary type declined to $715K in 2022. Over the period under review, exports, however, recorded a abrupt slump. The smallest decline of -10.5% was in 2021. The exports peaked at $1.2M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
Export of Tools; for Working in the Hand, Pneumatic, Other than Rotary Type in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 261 | 476 | 324 | 342 | 9.4% |
China | 412 | 237 | 170 | 122 | -33.3% |
Taiwan (Chinese) | 50.8 | 25.2 | 54.1 | 38.2 | -9.1% |
Germany | 36.6 | 55.2 | 70.5 | 34.0 | -2.4% |
Mexico | 25.0 | 36.1 | 9.8 | 26.6 | 2.1% |
United Kingdom | 54.0 | 3.4 | 44.5 | 21.7 | -26.2% |
Australia | 51.9 | 5.8 | 8.5 | 18.2 | -29.5% |
Malaysia | 141 | N/A | N/A | N/A | 0% |
Others | 198 | 61.9 | 125 | 113 | -17.1% |
Total | 1,230 | 901 | 807 | 715 | -16.5% |
Top Export Markets for Tools; for Working in the Hand, Pneumatic, Other than Rotary Type from Hong Kong SAR in 2022:
- United States (13.8K units)
- China (2.1K units)
- Mexico (0.5K units)
- Germany (0.5K units)
- United Kingdom (0.4K units)
- Australia (0.2K units)
- Taiwan (Chinese) (0.2K units)
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