Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Hong Kong SAR - 2023
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Hong Kong SAR (CIF) - 2022
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Hong Kong SAR (FOB) - 2022
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Hong Kong SAR
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Hong Kong SAR
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs amounted to $130,029 per unit, with an increase of 4.3% against the previous year. Overall, the import price showed a remarkable increase. The pace of growth was the most pronounced in 2021 when the average import price increased by 26%. The import price peaked in 2022 and is likely to continue growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($278,464 per unit), while the price for Brunei Darussalam ($21,129 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brunei Darussalam (+19.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Hong Kong SAR (FOB) - 2022
The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs stood at $184,993 per unit in 2022, growing by 17% against the previous year. In general, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2014 an increase of 50% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($868,626 per unit), while the average price for exports to China ($81,553 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 the United Arab Emirates (+54.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Hong Kong SAR
In 2022, the amount of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs imported into Hong Kong SAR declined rapidly to 2.2K units, shrinking by -36.4% compared with 2021. Over the period under review, imports recorded a sharp reduction. The smallest decline of -23% was in 2021. Over the period under review, imports of hit record highs at 9.2K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs shrank notably to $279M in 2022. In general, imports faced a sharp downturn. The smallest decline of -2.1% was in 2021. Over the period under review, imports of attained the maximum at $766M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 157 | 89.9 | 88.5 | 59.6 | -27.6% |
| Germany | 63.1 | 58.6 | 72.0 | 48.5 | -8.4% |
| Italy | 127 | 68.4 | 84.3 | 42.6 | -30.5% |
| Japan | 195 | 83.6 | 64.7 | 35.1 | -43.5% |
| Slovenia | 33.2 | 15.8 | 13.9 | 15.7 | -22.1% |
| China | 46.4 | 34.4 | 23.6 | 15.6 | -30.5% |
| United States | 7.9 | 8.1 | 5.8 | 11.3 | 12.7% |
| United Arab Emirates | 5.8 | 14.4 | 12.4 | 10.8 | 23.0% |
| Netherlands | 38.8 | 4.5 | 3.7 | 5.4 | -48.2% |
| Taiwan (Chinese) | 33.8 | 19.4 | 19.1 | 2.1 | -60.4% |
| Brunei Darussalam | N/A | N/A | N/A | 1.4 | 0% |
| Others | 57.8 | 32.6 | 32.7 | 31.1 | -18.7% |
| Total | 766 | 430 | 421 | 279 | -28.6% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc to Hong Kong SAR in 2022:
- Japan (695.0 units)
- Germany (296.0 units)
- United Kingdom (246.0 units)
- Italy (153.0 units)
- China (136.0 units)
- United Arab Emirates (134.0 units)
- Slovenia (105.0 units)
- Brunei Darussalam (66.0 units)
- United States (65.0 units)
- Netherlands (62.0 units)
- Taiwan (Chinese) (23.0 units)
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Hong Kong SAR
In 2022, approx. 1.2K units of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs were exported from Hong Kong SAR; which is down by -24% compared with the previous year's figure. Overall, exports recorded a sharp slump. The smallest decline of -8.1% was in 2021. Over the period under review, the exports of attained the peak figure at 3.7K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity exceeding 3000ccs dropped to $223M in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 23%. Over the period under review, the exports of reached the maximum at $344M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 107 | 48.5 | 51.5 | 50.1 | -22.3% |
| Vietnam | 9.6 | 6.5 | 24.9 | 33.8 | 52.1% |
| China | 151 | 80.6 | 74.2 | 33.4 | -39.5% |
| United Kingdom | 13.9 | 16.9 | 5.9 | 31.4 | 31.2% |
| United States | 0.9 | 4.0 | 10.1 | 16.5 | 163.7% |
| Netherlands | 0.2 | 3.3 | 20.9 | 9.7 | 264.7% |
| United Arab Emirates | 4.3 | 2.9 | 4.6 | 7.7 | 21.4% |
| Thailand | 4.5 | 1.4 | 2.6 | 7.1 | 16.4% |
| Philippines | 7.9 | 7.2 | 11.9 | 5.9 | -9.3% |
| Australia | 1.2 | 2.2 | 6.2 | 4.3 | 53.0% |
| Cambodia | 8.1 | 0.7 | 0.4 | 3.0 | -28.2% |
| Japan | 13.7 | 4.6 | 8.1 | 1.2 | -55.6% |
| Others | 22.0 | 16.4 | 18.9 | 19.2 | -4.4% |
| Total | 344 | 195 | 240 | 223 | -13.5% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Exceeding 3000cc from Hong Kong SAR in 2022:
- China (409.0 units)
- Macao SAR (304.0 units)
- Vietnam (131.0 units)
- United Kingdom (68.0 units)
- Thailand (41.0 units)
- Australia (38.0 units)
- United Arab Emirates (37.0 units)
- Netherlands (23.0 units)
- Cambodia (22.0 units)
- United States (19.0 units)
- Japan (18.0 units)
- Philippines (17.0 units)
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