Price for Machines; Parts and Accessories, of Heading No. 8472 in Hong Kong SAR - 2023
Contents:
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Hong Kong SAR (FOB) - 2023
- Price for Machines; Parts and Accessories, of Heading No. 8472 in Hong Kong SAR (CIF) - 2023
- Exports of Machines; Parts and Accessories, of Heading No. 8472 in Hong Kong SAR
- Imports of Machines; Parts and Accessories, of Heading No. 8472 in Hong Kong SAR
Price for Machines; Parts and Accessories, of Heading No. 8472 in Hong Kong SAR (FOB) - 2023
In November 2023, the average export price for machines; parts and accessories, of heading no. 8472 amounted to $38,358 per ton, leveling off at the previous month. Overall, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in February 2023 an increase of 23% month-to-month. As a result, the export price reached the peak level of $60,559 per ton. From March 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the United States ($120K per ton), while the average price for exports to Vietnam ($15,683 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+13.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Machines; Parts and Accessories, of Heading No. 8472 in Hong Kong SAR (CIF) - 2023
The average import price for machines; parts and accessories, of heading no. 8472 stood at $39,438 per ton in November 2023, falling by -1.7% against the previous month. In general, the import price continues to indicate a mild shrinkage. The pace of growth was the most pronounced in December 2022 an increase of 32% m-o-m. As a result, import price attained the peak level of $58,867 per ton. From January 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the Philippines ($178K per ton), while the price for China ($29,422 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced a decline.
Exports of Machines; Parts and Accessories, of Heading No. 8472 in Hong Kong SAR
In 2022, approx. 3.9K tons of machines; parts and accessories, of heading no. 8472 were exported from Hong Kong SAR; dropping by -47.8% against the previous year. In general, exports faced a sharp contraction. The smallest decline of -18.2% was in 2021.
In value terms, exports of machines; parts and accessories, of heading no. 8472 contracted significantly to $179M in 2022. Over the period under review, exports continue to indicate a precipitous contraction. The smallest decline of -21.8% was in 2021.
| Export of Machines; Parts and Accessories, of Heading No. 8472 in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 207 | 177 | 98.6 | 78.6 | -27.6% |
| Japan | 16.9 | 32.0 | 37.9 | 25.5 | 14.7% |
| Vietnam | 3.5 | 5.2 | 17.2 | 15.1 | 62.8% |
| India | 77.9 | 38.2 | 23.8 | 14.2 | -43.3% |
| Philippines | 12.2 | 7.9 | 12.3 | 8.4 | -11.7% |
| Austria | 10.1 | 10.8 | 8.3 | 5.4 | -18.8% |
| United States | 19.9 | 7.6 | 6.5 | 4.9 | -37.3% |
| Indonesia | 13.4 | 9.4 | 2.4 | 2.4 | -43.6% |
| Others | 61.0 | 36.9 | 46.9 | 24.0 | -26.7% |
| Total | 422 | 325 | 254 | 179 | -24.9% |
Top Export Markets for Machines; Parts and Accessories, of Heading No. 8472 from Hong Kong SAR in 2022:
- China (1323.4 tons)
- Japan (704.3 tons)
- Vietnam (676.1 tons)
- Philippines (290.6 tons)
- India (231.2 tons)
- Austria (137.9 tons)
- United States (136.1 tons)
- Indonesia (61.9 tons)
Imports of Machines; Parts and Accessories, of Heading No. 8472 in Hong Kong SAR
In 2022, overseas purchases of machines; parts and accessories, of heading no. 8472 decreased by -49.2% to 3.5K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 4.4% against the previous year. As a result, imports reached the peak of 11K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of machines; parts and accessories, of heading no. 8472 fell rapidly to $142M in 2022. Overall, imports faced a significant contraction. The smallest decline of -9.9% was in 2020.
| Import of Machines; Parts and Accessories, of Heading No. 8472 in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 182 | 197 | 133 | 61.3 | -30.4% |
| Japan | 91.1 | 53.7 | 36.6 | 54.8 | -15.6% |
| Philippines | 11.6 | 11.3 | 13.0 | 7.5 | -13.5% |
| South Korea | 20.3 | 15.2 | 12.6 | 4.8 | -38.2% |
| Taiwan (Chinese) | 2.8 | 2.2 | 6.9 | 3.2 | 4.6% |
| Others | 12.1 | 9.0 | 16.6 | 10.0 | -6.2% |
| Total | 320 | 289 | 218 | 142 | -23.7% |
Top Suppliers of Machines; Parts and Accessories, of Heading No. 8472 to Hong Kong SAR in 2022:
- China (2686.6 tons)
- Japan (492.1 tons)
- Taiwan (Chinese) (104.4 tons)
- Philippines (79.4 tons)
- South Korea (54.6 tons)
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This report provides an in-depth analysis of the computing machinery market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global computing machinery market.
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