Price for Book-Binding Machinery; Including Book-Sewing Machines in Hong Kong SAR - 2023
Contents:
- Price for Book-Binding Machinery; Including Book-Sewing Machines in Hong Kong SAR (CIF) - 2022
- Price for Book-Binding Machinery; Including Book-Sewing Machines in Hong Kong SAR (FOB) - 2022
- Imports of Book-Binding Machinery; Including Book-Sewing Machines in Hong Kong SAR
- Exports of Book-Binding Machinery; Including Book-Sewing Machines in Hong Kong SAR
Price for Book-Binding Machinery; Including Book-Sewing Machines in Hong Kong SAR (CIF) - 2022
The average import price for book-binding machinery; including book-sewing machineses stood at $420 per unit in 2022, declining by -5.4% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 10% against the previous year. The import price peaked at $483 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Germany ($507 per unit) and Japan ($456 per unit), while the price for the UK ($402 per unit) and Spain ($402 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Book-Binding Machinery; Including Book-Sewing Machines in Hong Kong SAR (FOB) - 2022
The average export price for book-binding machinery; including book-sewing machineses stood at $501 per unit in 2022, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2013 an increase of 13% against the previous year. Over the period under review, the average export prices reached the maximum at $501 per unit in 2021, and then contracted in the following year.
As there is only one major export destination, 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 +1.9% per year.
Imports of Book-Binding Machinery; Including Book-Sewing Machines in Hong Kong SAR
In 2022, purchases abroad of book-binding machinery; including book-sewing machineses decreased by -55.7% to 24K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a precipitous decline. The pace of growth appeared the most rapid in 2020 when imports increased by 7.1% against the previous year. Over the period under review, imports reached the maximum at 54K units in 2021, and then fell dramatically in the following year.
In value terms, book-binding machinery; including book-sewing machines imports contracted significantly to $10M in 2022. In general, imports faced a dramatic curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 18%. As a result, imports attained the peak of $24M, and then dropped notably in the following year.
| Import of Book-Binding Machinery; Including Book-Sewing Machines in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 3.9 | 2.3 | 2.0 | 1.4 | -28.9% |
| United Kingdom | 1.9 | 1.4 | 1.3 | 1.3 | -11.9% |
| United States | 1.4 | 2.3 | 2.7 | 1.0 | -10.6% |
| Italy | 0.7 | 1.7 | 1.2 | 1.0 | 12.6% |
| Japan | 2.7 | 1.6 | 1.8 | 1.0 | -28.2% |
| Belgium | 0.5 | 0.3 | 0.6 | 0.9 | 21.6% |
| Germany | 2.6 | 3.1 | 3.5 | 0.9 | -29.8% |
| China | 0.7 | 0.2 | 0.2 | 0.5 | -10.6% |
| Peru | N/A | N/A | N/A | 0.4 | 0% |
| South Korea | 0.4 | 0.4 | 0.8 | 0.3 | -9.1% |
| France | 1.3 | 0.6 | 1.4 | 0.2 | -46.4% |
| Spain | 0.9 | 1.4 | 0.6 | 0.2 | -39.4% |
| Canada | 0.9 | 0.4 | 0.5 | 0.1 | -51.9% |
| Others | 4.0 | 4.5 | 7.3 | 1.0 | -37.0% |
| Total | 21.8 | 20.3 | 23.9 | 10.0 | -22.9% |
Top Suppliers of Book-Binding Machinery; Including Book-Sewing Machines to Hong Kong SAR in 2022:
- Netherlands (3.5K units)
- United Kingdom (3.3K units)
- Italy (2.5K units)
- United States (2.2K units)
- Japan (2.2K units)
- Belgium (2.2K units)
- Germany (1.7K units)
- China (1.3K units)
- Peru (0.9K units)
- South Korea (0.6K units)
- Spain (0.5K units)
- France (0.4K units)
- Canada (0.2K units)
Exports of Book-Binding Machinery; Including Book-Sewing Machines in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of book-binding machinery; including book-sewing machineses, which decreased by -53.7% to 11K units in 2022. In general, exports saw a dramatic slump. The smallest decline of -0.3% was in 2021. The exports peaked at 27K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, book-binding machinery; including book-sewing machines exports shrank dramatically to $5.3M in 2022. Over the period under review, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 4.8%. The exports peaked at $13M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Book-Binding Machinery; Including Book-Sewing Machines in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.3 | 10.3 | 10.4 | 4.8 | -26.9% |
| Others | 0.6 | 0.6 | 1.0 | 0.5 | -5.9% |
| Total | 12.8 | 10.9 | 11.4 | 5.3 | -25.5% |
Top Export Markets for Book-Binding Machinery; Including Book-Sewing Machines from Hong Kong SAR in 2022:
- China (10.0K units)
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