Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hong Kong SAR - 2023

Contents:

1. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hong Kong SAR (CIF) - 2022
2. Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hong Kong SAR (FOB) - 2022
3. Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hong Kong SAR
4. Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hong Kong SAR

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hong Kong SAR (CIF) - 2022

The average import price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $2,337 per unit in 2022, with a decrease of -26.8% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The growth pace was the most rapid in 2016 an increase of 44% against the previous year. As a result, import price attained the peak level of $3,500 per unit. From 2017 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($6,022 per unit), while the price for Japan ($1,195 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hong Kong SAR (FOB) - 2022

The average export price for machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses stood at $4,380 per unit in 2022, dropping by -44.6% against the previous year. In general, the export price, however, continues to indicate a slight increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 45%. The export price peaked at $7,912 per unit in 2021, and then plummeted in the following year.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($5,314 per unit), while the average price for exports to Macao SAR ($3,815 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 Singapore (+55.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hong Kong SAR

In 2022, purchases abroad of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses increased by 42% to 1.1K units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a abrupt setback. Over the period under review, imports of reached the peak figure at 1.5K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, imports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses expanded slightly to $2.6M in 2022. In general, imports, however, faced a deep contraction. The growth pace was the most rapid in 2021 when imports increased by 6.4% against the previous year. Over the period under review, imports of reached the peak figure at $4M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Top Suppliers of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices to Hong Kong SAR in 2022:

1. China (675.0 units)
2. Japan (439.0 units)

Exports of Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses, which decreased by -15% to 17 units in 2022. Overall, exports faced a dramatic curtailment. Over the period under review, the exports of hit record highs at 68 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of machines; automatic beverage-vending machines, incorporating heating or refrigerating deviceses shrank notably to $74K in 2022. In general, exports continue to indicate a precipitous decrease. The smallest decline of -30.7% was in 2020. The exports peaked at $331K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for Machines; Automatic Beverage-Vending Machines, Incorporating Heating or Refrigerating Devices from Hong Kong SAR in 2022:

1. Macao SAR (10.0 units)
2. China (6.0 units)
3. Bahrain (1.0 units)

Source: IndexBox Market Intelligence Platform