Price for Tools, Hand; Other than Household Tools in Hong Kong SAR - 2022
Contents:
- Price for Tools, Hand; Other than Household Tools in Hong Kong SAR (FOB) - 2022
- Price for Tools, Hand; Other than Household Tools in Hong Kong SAR (CIF) - 2022
- Exports of Tools, Hand; Other than Household Tools in Hong Kong SAR
- Imports of Tools, Hand; Other than Household Tools in Hong Kong SAR
Price for Tools, Hand; Other than Household Tools in Hong Kong SAR (FOB) - 2022
The average export price for tools, hand; other than household toolses stood at $26,737 per ton in 2022, with a decrease of -7.4% against the previous year. Over the period under review, the export price, however, posted prominent growth. The pace of growth appeared the most rapid in 2014 an increase of 20%. Over the period under review, the average export prices attained the peak figure at $28,873 per ton in 2021, and then dropped in the following year.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($26,679 per ton) and the United States ($26,679 per ton), while the average price for exports to France ($26,678 per ton) and Italy ($26,678 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Tools, Hand; Other than Household Tools in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for tools, hand; other than household toolses amounted to $13,784 per ton, remaining stable against the previous year. In general, the import price, however, showed a mild curtailment. The growth pace was the most rapid in 2021 when the average import price increased by 1%. The import price peaked at $15,310 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were the UK ($13,695 per ton) and the United States ($13,694 per ton), while the price for China ($13,694 per ton) and Israel ($13,694 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-1.3%), while the prices for the other major suppliers experienced a decline.
Exports of Tools, Hand; Other than Household Tools in Hong Kong SAR
In 2022, overseas shipments of tools, hand; other than household toolses were finally on the rise to reach 544 tons after two years of decline. Over the period under review, exports, however, recorded a abrupt decline.
In value terms, exports of tools, hand; other than household toolses contracted to $15M in 2022. In general, exports, however, saw a deep reduction. The smallest decline of -1.1% was in 2021.
| Export of Tools, Hand; Other than Household Tools in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.6 | 3.2 | 4.6 | 4.5 | 7.7% |
| China | 10.9 | 5.0 | 3.4 | 1.9 | -44.1% |
| United Kingdom | 1.6 | 1.3 | 1.1 | 1.3 | -6.7% |
| France | 0.2 | 0.2 | 0.5 | 0.6 | 44.2% |
| Germany | 0.5 | 0.4 | 0.6 | 0.6 | 6.3% |
| Australia | 0.4 | 0.2 | 0.3 | 0.4 | 0.0% |
| Japan | 0.6 | 0.4 | 0.6 | 0.4 | -12.6% |
| Belgium | N/A | 0.1 | 0.1 | 0.4 | 100.0% |
| South Korea | 0.1 | 0.3 | 0.3 | 0.4 | 58.7% |
| Poland | 0.1 | N/A | 0.1 | 0.3 | 44.2% |
| Switzerland | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Netherlands | 0.2 | 0.1 | 0.2 | 0.3 | 14.5% |
| Italy | 0.1 | 0.1 | 0.2 | 0.2 | 26.0% |
| Others | 3.5 | 3.6 | 2.7 | 3.0 | -5.0% |
| Total | 21.8 | 15.2 | 15.1 | 14.6 | -12.5% |
Top Export Markets for Tools, Hand; Other than Household Tools from Hong Kong SAR in 2022:
- United States (166.9 tons)
- China (72.1 tons)
- United Kingdom (47.4 tons)
- Germany (21.3 tons)
- France (20.8 tons)
- Belgium (16.5 tons)
- Japan (15.1 tons)
- Australia (14.3 tons)
- South Korea (13.3 tons)
- Netherlands (12.9 tons)
- Poland (12.2 tons)
- Switzerland (11.7 tons)
- Italy (9.3 tons)
Imports of Tools, Hand; Other than Household Tools in Hong Kong SAR
In 2022, imports of tools, hand; other than household toolses into Hong Kong SAR contracted markedly to 921 tons, falling by -20.6% on the previous year. In general, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 3.4% against the previous year.
In value terms, imports of tools, hand; other than household toolses declined significantly to $13M in 2022. Over the period under review, imports faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 4.4% against the previous year.
| Import of Tools, Hand; Other than Household Tools in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.0 | 8.1 | 5.9 | 4.0 | -28.6% |
| Switzerland | 1.8 | 2.6 | 3.2 | 2.7 | 14.5% |
| Taiwan (Chinese) | 1.1 | 0.6 | 1.2 | 1.5 | 10.9% |
| Israel | N/A | 0.4 | 0.6 | 0.9 | 50.0% |
| United States | 1.1 | 0.7 | 0.8 | 0.9 | -6.5% |
| Japan | 1.5 | 0.5 | 0.7 | 0.6 | -26.3% |
| Germany | 1.1 | 0.8 | 1.2 | 0.4 | -28.6% |
| Singapore | 0.8 | 0.4 | 0.3 | 0.1 | -50.0% |
| Others | 1.8 | 1.0 | 2.1 | 1.6 | -3.9% |
| Total | 20.1 | 15.2 | 15.8 | 12.7 | -14.2% |
Top Suppliers of Tools, Hand; Other than Household Tools to Hong Kong SAR in 2022:
- China (295.4 tons)
- Switzerland (193.8 tons)
- Taiwan (Chinese) (107.3 tons)
- United States (65.6 tons)
- Israel (65.5 tons)
- Japan (43.4 tons)
- Germany (26.4 tons)
- Singapore (10.4 tons)
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