Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Hong Kong SAR - 2023

Contents:

1. Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Hong Kong SAR (CIF) - 2022
2. Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Hong Kong SAR (FOB) - 2022
3. Imports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Hong Kong SAR
4. Exports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Hong Kong SAR

Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for floating structures; tanks, coffer-dams, landing stages, buoys and beaconses amounted to $1,008 per unit, which is down by -15.1% against the previous year. Over the period under review, the import price showed a noticeable contraction. The growth pace was the most rapid in 2021 when the average import price increased by 78%. Over the period under review, average import prices reached the maximum at $1,328 per unit in 2012; however, from 2013 to 2022, 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 South Korea ($1,210 per unit), while the price for the United States ($170 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+11.5%), while the prices for the other major suppliers experienced a decline.

Price for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for floating structures; tanks, coffer-dams, landing stages, buoys and beaconses amounted to $264 per unit, with a decrease of -33.9% against the previous year. Over the period under review, the export price recorded a sharp contraction. The growth pace was the most rapid in 2018 an increase of 368%. The export price peaked at $6,048 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($368 per unit), while the average price for exports to Peru ($3.3 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 Norway (-11.5%), while the prices for the other major destinations experienced a decline.

Imports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Hong Kong SAR

Imports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses into Hong Kong SAR skyrocketed to 3.7K units in 2022, picking up by 87% on the previous year. In general, imports, however, saw a abrupt decrease. Over the period under review, imports of attained the peak figure at 4.6K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses surged to $3.7M in 2022. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons to Hong Kong SAR in 2022:

1. South Korea (1976.0 units)
2. China (1134.0 units)
3. United States (442.0 units)
4. France (46.0 units)

Exports of Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons in Hong Kong SAR

In 2022, exports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses from Hong Kong SAR surged to 5.8K units, rising by 259% against the previous year's figure. Over the period under review, exports, however, saw a pronounced curtailment. The pace of growth was the most pronounced in 2021 with an increase of 357%. Over the period under review, the exports of reached the peak figure at 6.3K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, exports of floating structures; tanks, coffer-dams, landing stages, buoys and beaconses skyrocketed to $1.5M in 2022. In general, exports posted prominent growth. The most prominent rate of growth was recorded in 2021 when exports increased by 288%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Export Markets for Floating Structures; Tanks, Coffer-Dams, Landing Stages, Buoys and Beacons from Hong Kong SAR in 2022:

1. China (4.1K units)
2. United States (1.0K units)
3. Philippines (0.3K units)
4. Peru (0.3K units)

Source: IndexBox Market Intelligence Platform