Hong Kong SAR, China - Centrifuges - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCentrifuges Price in Hong Kong SAR - 2023
Contents:
- Centrifuges Price in Hong Kong SAR (FOB) - 2022
- Centrifuges Price in Hong Kong SAR (CIF) - 2023
- Centrifuges Exports in Hong Kong SAR
- Centrifuges Imports in Hong Kong SAR
Centrifuges Price in Hong Kong SAR (FOB) - 2022
In 2022, the average centrifuges export price amounted to $1,194 per unit, with an increase of 86% against the previous year. Overall, the export price, however, recorded a deep setback. The pace of growth was the most pronounced in 2019 an increase of 138% against the previous year. The export price peaked at $7,515 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($8,581 per unit), while the average price for exports to the United States ($31 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 (+1.3%), while the prices for the other major destinations experienced a decline.
Centrifuges Price in Hong Kong SAR (CIF) - 2023
The average centrifuges import price stood at $7,672 per unit in September 2023, picking up by 28% against the previous month. Over the period under review, the import price recorded a pronounced expansion. The pace of growth was the most pronounced in August 2023 when the average import price increased by 330% against the previous month. The import price peaked in September 2023.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($20,957 per unit), while the price for the United States ($554 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Singapore (+22.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Centrifuges Exports in Hong Kong SAR
In 2022, exports of centrifuges from Hong Kong SAR dropped to 25K units, which is down by -13% on 2021 figures. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +9.6% 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 +55.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 79%. As a result, the exports reached the peak of 29K units, and then reduced in the following year.
In value terms, centrifuges exports soared to $30M in 2022. Over the period under review, exports saw a relatively flat trend pattern. Over the period under review, the exports hit record highs at $31M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Centrifuges in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.3 | 23.8 | 17.1 | 28.7 | -0.7% |
| United States | 0.5 | 0.3 | 0.8 | 0.6 | 6.3% |
| Singapore | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.7 | 0.7 | 0.6 | 0.4 | -17.0% |
| Total | 30.6 | 24.9 | 18.5 | 29.9 | -0.8% |
Top Export Markets for Centrifuges from Hong Kong SAR in 2022:
- United States (20.5K units)
- China (3.3K units)
- Singapore (0.4K units)
Centrifuges Imports in Hong Kong SAR
In 2022, the amount of centrifuges imported into Hong Kong SAR shrank sharply to 9.5K units, falling by -56.8% compared with the previous year's figure. Overall, imports faced a precipitous descent. The growth pace was the most rapid in 2021 when imports increased by 63% against the previous year. As a result, imports attained the peak of 22K units, and then fell significantly in the following year.
In value terms, centrifuges imports skyrocketed to $23M in 2022. In general, imports recorded a mild shrinkage. Over the period under review, imports attained the peak figure at $24M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Centrifuges in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 13.6 | 11.1 | 9.5 | 16.7 | 7.1% |
| China | 4.8 | 3.2 | 3.4 | 3.2 | -12.6% |
| Japan | 4.5 | 2.3 | 2.1 | 2.3 | -20.0% |
| Others | 1.3 | 0.7 | 3.2 | 0.6 | -22.7% |
| Total | 24.1 | 17.4 | 18.1 | 22.8 | -1.8% |
Top Suppliers of Centrifuges to Hong Kong SAR in 2022:
- China (5.8K units)
- Germany (3.4K units)
- Japan (0.1K units)
This report provides an in-depth analysis of the centrifuges market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32501380 - Centrifuges of a kind used in laboratories (excluding cream separators, clothes dryers)
- Prodcom 28294100 - Centrifuges (excluding cream separators, clothes dryers, t hose used in laboratories)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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