Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Hong Kong SAR - 2023

Contents:

1. Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Hong Kong SAR (FOB) - 2022
2. Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Hong Kong SAR (CIF) - 2022
3. Exports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Hong Kong SAR
4. Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Hong Kong SAR

Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for casting machines; of a kind used in metallurgy or in metal foundrieses amounted to $59,107 per unit, growing by 45% against the previous year. Overall, the export price, however, continues to indicate a noticeable descent. The export price peaked at $89,053 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 Thailand amounted to +19.4% per year.

Price for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Hong Kong SAR (CIF) - 2022

The average import price for casting machines; of a kind used in metallurgy or in metal foundrieses stood at $11,215 per unit in 2022, dropping by -41.4% against the previous year. Overall, the import price continues to indicate a abrupt decline. The growth pace was the most rapid in 2015 an increase of 3.5%. Over the period under review, average import prices attained the maximum at $52,619 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Japan.

From 2012 to 2022, the rate of growth in terms of prices for Germany amounted to +10.7% per year.

Exports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Hong Kong SAR

In 2022, the amount of casting machines; of a kind used in metallurgy or in metal foundrieses exported from Hong Kong SAR skyrocketed to 25 units, rising by 257% on 2021 figures. Over the period under review, exports showed a tangible expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of casting machines; of a kind used in metallurgy or in metal foundrieses skyrocketed to $1.5M in 2022. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries from Hong Kong SAR in 2022:

1. China (25.0 units)

Imports of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in supplies from abroad of casting machines; of a kind used in metallurgy or in metal foundrieses, which decreased by -38.1% to 13 units in 2022. Over the period under review, imports saw a dramatic setback. The smallest decline of -16% was in 2021. Imports peaked at 33 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of casting machines; of a kind used in metallurgy or in metal foundrieses fell sharply to $146K in 2022. In general, imports recorded a dramatic downturn. The smallest decline of -33.2% was in 2020. Imports peaked at $933K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Top Suppliers of Casting Machines; of A Kind Used in Metallurgy or in Metal Foundries to Hong Kong SAR in 2022:

1. Japan (13.0 units)

Source: IndexBox Market Intelligence Platform