Price for Liquid Elevators; Parts Thereof in Hong Kong SAR - 2023

Contents:

1. Price for Liquid Elevators; Parts Thereof in Hong Kong SAR (FOB) - 2022
2. Price for Liquid Elevators; Parts Thereof in Hong Kong SAR (CIF) - 2022
3. Exports of Liquid Elevators; Parts Thereof in Hong Kong SAR
4. Imports of Liquid Elevators; Parts Thereof in Hong Kong SAR

Price for Liquid Elevators; Parts Thereof in Hong Kong SAR (FOB) - 2022

In 2022, the average liquid elevators; parts thereof export price amounted to $78,755 per ton, increasing by 342% against the previous year. Over the period under review, the export price posted prominent growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 366%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brazil ($139,961 per ton), while the average price for exports to China ($4,031 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+7.8%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Liquid Elevators; Parts Thereof in Hong Kong SAR (CIF) - 2022

In 2022, the average liquid elevators; parts thereof import price amounted to $1,868 per ton, which is down by -16% against the previous year. In general, the import price saw a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when the average import price increased by 24% against the previous year. Over the period under review, average import prices reached the peak figure at $2,386 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Taiwan (Chinese).

From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +0.2% per year.

Exports of Liquid Elevators; Parts Thereof in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of liquid elevators; parts thereoves, which decreased by -57.7% to 21 tons in 2022. Over the period under review, exports continue to indicate a dramatic downturn. The smallest decline of -17.8% was in 2021.

In value terms, liquid elevators; parts thereof exports soared to $1.7M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Liquid Elevators; Parts Thereof from Hong Kong SAR in 2022:

1. Brazil (8.9 tons)
2. China (7.6 tons)
3. Sweden (4.0 tons)
4. United States (0.6 tons)

Imports of Liquid Elevators; Parts Thereof in Hong Kong SAR

Liquid elevators; parts thereof imports into Hong Kong SAR contracted sharply to 66 tons in 2022, reducing by -49.7% on 2021. Over the period under review, imports saw a sharp curtailment. The growth pace was the most rapid in 2021 with an increase of 18% against the previous year. As a result, imports reached the peak of 132 tons, and then contracted remarkably in the following year.

In value terms, liquid elevators; parts thereof imports fell markedly to $124K in 2022. Overall, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports attained the peak of $293K, and then declined rapidly in the following year.

Top Suppliers of Liquid Elevators; Parts Thereof to Hong Kong SAR in 2022:

1. Taiwan (Chinese) (66.3 tons)

Source: IndexBox Market Intelligence Platform