Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Hong Kong SAR - 2022

Contents:

1. Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Hong Kong SAR (CIF) - 2022
2. Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Hong Kong SAR (FOB) - 2022
3. Imports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Hong Kong SAR
4. Exports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Hong Kong SAR

Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses amounted to $9.3 per unit, surging by 1.9% against the previous year. Over the period under review, the import price, however, saw a deep slump. The import price peaked at $51 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 Singapore ($15 per unit), while the price for China ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-15.1%), while the prices for the other major suppliers experienced a decline.

Price for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses amounted to $47 per unit, surging by 15% against the previous year. Overall, the export price, however, continues to indicate a abrupt setback. The growth pace was the most rapid in 2017 an increase of 82% against the previous year. Over the period under review, the average export prices attained the peak figure at $144 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 foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($143 per unit), while the average price for exports to Fiji ($2 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 Sri Lanka (+7.5%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Hong Kong SAR

In 2022, overseas purchases of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses decreased by -9.4% to 3.3K units for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 37%. Over the period under review, imports of hit record highs at 3.6K units in 2021, and then declined in the following year.

In value terms, imports of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses declined to $31K in 2022. The total import value increased at an average annual rate of +8.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 18% against the previous year. As a result, imports attained the peak of $33K, and then declined in the following year.

Top Suppliers of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles to Hong Kong SAR in 2022:

1. Singapore (1905.0 units)
2. China (852.0 units)
3. Italy (240.0 units)
4. United States (231.0 units)

Exports of New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses, which decreased by -6.5% to 87 units in 2022. Over the period under review, exports showed a deep slump. Over the period under review, the exports of reached the peak figure at 164 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of new pneumatic tyres having herring-bone or similar tread, for light industrial vehicleses rose significantly to $4.1K in 2022. In general, exports showed a abrupt decline. Over the period under review, the exports of attained the maximum at $5.1K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Top Export Markets for New Pneumatic Tyres Having Herring-Bone or Similar Tread, for Light Industrial Vehicles from Hong Kong SAR in 2022:

1. Tanzania (34.0 units)
2. Chile (28.0 units)
3. United States (6.0 units)
4. Turkey (4.0 units)
5. Sri Lanka (4.0 units)
6. Suriname (3.0 units)
7. China (3.0 units)

Source: IndexBox Market Intelligence Platform