Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hong Kong SAR - 2023

Contents:

1. Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hong Kong SAR (CIF) - 2022
2. Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hong Kong SAR (FOB) - 2022
3. Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hong Kong SAR
4. Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hong Kong SAR

Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for machine-tools; parts and accessories, tool holders and self-opening dieheadses amounted to $64,220 per ton, with a decrease of -2% against the previous year. Overall, the import price, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2019 an increase of 88%. As a result, import price reached the peak level of $66,031 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.

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 Switzerland ($916,502 per ton), while the price for the United States ($14,629 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Switzerland (+53.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for machine-tools; parts and accessories, tool holders and self-opening dieheadses amounted to $101,148 per ton, jumping by 32% against the previous year. In general, the export price saw a perceptible expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 42% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($164,012 per ton), while the average price for exports to South Korea ($13,054 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 Germany (+21.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hong Kong SAR

Imports of machine-tools; parts and accessories, tool holders and self-opening dieheadses into Hong Kong SAR contracted sharply to 126 tons in 2022, with a decrease of -39.4% on 2021. Over the period under review, imports saw a sharp curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 25% against the previous year.

In value terms, imports of machine-tools; parts and accessories, tool holders and self-opening dieheadses dropped dramatically to $8.1M in 2022. In general, imports saw a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 39% against the previous year.

Top Suppliers of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads to Hong Kong SAR in 2022:

1. Germany (68.0 tons)
2. China (33.8 tons)
3. Japan (9.5 tons)
4. Taiwan (Chinese) (7.5 tons)
5. United States (5.1 tons)

Exports of Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads in Hong Kong SAR

In 2022, the amount of machine-tools; parts and accessories, tool holders and self-opening dieheadses exported from Hong Kong SAR declined notably to 68 tons, dropping by -43% against 2021. In general, exports recorded a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 8.4%.

In value terms, exports of machine-tools; parts and accessories, tool holders and self-opening dieheadses declined sharply to $6.8M in 2022. Over the period under review, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 12%.

Top Export Markets for Machine-Tools; Parts and Accessories, Tool Holders and Self-Opening Dieheads from Hong Kong SAR in 2022:

1. China (35.3 tons)
2. Japan (8.9 tons)
3. United States (4.6 tons)
4. Thailand (2.6 tons)
5. France (2.4 tons)
6. South Korea (1.8 tons)
7. Germany (1.6 tons)
8. United Kingdom (1.3 tons)
9. India (1.3 tons)
10. Vietnam (1.3 tons)
11. Spain (1.2 tons)
12. Canada (1.1 tons)
13. Singapore (0.8 tons)

Source: IndexBox Market Intelligence Platform