Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Hong Kong SAR - 2023

Contents:

1. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Hong Kong SAR (CIF) - 2022
2. Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Hong Kong SAR (FOB) - 2022
3. Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Hong Kong SAR
4. Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Hong Kong SAR

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for non-electric iron or steel central heating radiators other than of cast iron amounted to $1.3 per unit, rising by 4.1% against the previous year. In general, import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for non-electric iron or steel central heating radiators other than of cast iron increased by +49.5% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of 67% against the previous year. As a result, import price reached the peak level of $1.8 per unit. From 2015 to 2022, the average import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +2.0% per year.

Price for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for non-electric iron or steel central heating radiators other than of cast iron amounted to $45 per unit, stabilizing at the previous year. In general, the export price showed significant growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 31% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was France ($114 per unit), while the average price for exports to Fiji totaled $24 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+42.2%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Hong Kong SAR

In 2022, purchases abroad of non-electric iron or steel central heating radiators other than of cast iron decreased by -92.6% to 24K units, falling for the second consecutive year after two years of growth. Overall, imports faced a sharp setback. The most prominent rate of growth was recorded in 2020 with an increase of 120%. As a result, imports attained the peak of 573K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of non-electric iron or steel central heating radiators other than of cast iron dropped notably to $32K in 2022. Over the period under review, imports showed a sharp curtailment. The growth pace was the most rapid in 2020 with an increase of 168% against the previous year. As a result, imports reached the peak of $621K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron to Hong Kong SAR in 2022:

1. China (24.4K units)

Exports of Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron in Hong Kong SAR

In 2022, overseas shipments of non-electric iron or steel central heating radiators other than of cast iron decreased by 0% to 128 units, falling for the second year in a row after two years of growth. Overall, exports saw a significant increase. The growth pace was the most rapid in 2020 when exports increased by 13%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, exports of non-electric iron or steel central heating radiators other than of cast iron totaled $5.8K in 2022. In general, exports recorded a significant increase. The smallest decline of -46.5% was in 2020. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

Top Export Markets for Non-Electric Iron or Steel Central Heating Radiator Other than of Cast Iron from Hong Kong SAR in 2022:

1. Fiji (97.0 units)
2. France (31.0 units)

Source: IndexBox Market Intelligence Platform