Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Hong Kong SAR - 2023
Contents:
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Hong Kong SAR (CIF) - 2023
- Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Hong Kong SAR (FOB) - 2022
- Imports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Hong Kong SAR
- Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Hong Kong SAR
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs amounted to $11,145 per unit, with an increase of 15% against the previous month. Over the last eleven months, it increased at an average monthly rate of +1.1%. The growth pace was the most rapid in April 2023 an increase of 41% m-o-m. As a result, import price reached the peak level of $13,569 per unit; afterwards, it flattened through to October 2023.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From November 2022 to October 2023, the rate of growth in terms of prices for Japan amounted to +2.1% per month.
Price for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Hong Kong SAR (FOB) - 2022
The average export price for vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs stood at $15,320 per unit in 2022, growing by 6.8% against the previous year. In general, the export price continues to indicate a strong increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 53% 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 near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($35,512 per unit), while the average price for exports to Macao SAR ($14,391 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 UK (+56.9%), 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 Not Exceeding 1000cc in Hong Kong SAR
After three years of growth, purchases abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs decreased by -59.7% to 428 units in 2022. Over the period under review, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, imports attained the peak of 1.1K units, and then reduced notably in the following year.
In value terms, imports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs fell dramatically to $4.3M in 2022. Overall, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 60%. As a result, imports attained the peak of $12M, and then reduced markedly in the following year.
| Import of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 4.0 | 5.8 | 10.9 | 4.1 | 0.8% |
| South Korea | 1.8 | 1.0 | N/A | N/A | -44.4% |
| Others | 0.5 | 0.4 | 0.6 | 0.2 | -26.3% |
| Total | 6.4 | 7.2 | 11.5 | 4.3 | -12.4% |
Top Suppliers of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc to Hong Kong SAR in 2022:
- Japan (417.0 units)
Exports of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Hong Kong SAR
In 2022, shipments abroad of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs decreased by -46.2% to 170 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 44%. The exports peaked at 316 units in 2021, and then shrank markedly in the following year.
In value terms, exports of vehicles; spark-ignition internal combustion reciprocating piston engine, cylinder capacity not exceeding 1000ccs declined notably to $2.6M in 2022. Overall, exports, however, enjoyed a resilient expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 83% against the previous year. The exports peaked at $4.5M in 2021, and then fell sharply in the following year.
| Export of Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 2.0 | 4.0 | 4.3 | 2.2 | 3.2% |
| China | N/A | 0.1 | 0.1 | 0.3 | 73.2% |
| United Kingdom | N/A | 0.1 | N/A | N/A | 0% |
| Others | 0.2 | N/A | 0.1 | N/A | -29.3% |
| Total | 2.2 | 4.1 | 4.5 | 2.6 | 5.7% |
Top Export Markets for Vehicles; Spark-Ignition Internal Combustion Reciprocating Piston Engine, Cylinder Capacity Not Exceeding 1000cc from Hong Kong SAR in 2022:
- Macao SAR (155.0 units)
- China (9.0 units)
- United Kingdom (3.0 units)
296
This report provides an in-depth analysis of the passenger car market in Hong Kong SAR, China.
342
This report provides an in-depth analysis of the snow motor vehicle market in Hong Kong SAR, China.
664
This report provides an in-depth analysis of the global passenger car market.
480
This report provides an in-depth analysis of the global snow motor vehicle market.
296
This report provides an in-depth analysis of the passenger car market in Hong Kong SAR, China.
342
This report provides an in-depth analysis of the snow motor vehicle market in Hong Kong SAR, China.
664
This report provides an in-depth analysis of the global passenger car market.
480
This report provides an in-depth analysis of the global snow motor vehicle market.
279
The price of Passenger Car in June 2023 was $38,984 per unit (CIF, Hong Kong), showing a decrease of 5.1% compared to the previous month.
324
Explore the top import markets for passenger cars, their key statistics, and the significant players in these markets. Find out the import values of countries like the United States, Germany, China, and more. Gain insights into the global automotive industry with IndexBox market intelligence.
279
The price of Passenger Car in June 2023 was $38,984 per unit (CIF, Hong Kong), showing a decrease of 5.1% compared to the previous month.
819
In 2016, the global passenger car imports stood at X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period fr...
774
In 2016, the global passenger car imports stood at X tons, ascending by X% against the previous year figure. The total import volume increased at an average annual rate of +X% over the period fr...
324
Explore the top import markets for passenger cars, their key statistics, and the significant players in these markets. Find out the import values of countries like the United States, Germany, China, and more. Gain insights into the global automotive industry with IndexBox market intelligence.
