Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Hong Kong SAR - 2022

Contents:

1. Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Hong Kong SAR (CIF) - 2022
2. Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Hong Kong SAR (FOB) - 2022
3. Imports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Hong Kong SAR
4. Exports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Hong Kong SAR

Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Hong Kong SAR (CIF) - 2022

The average import price for weaving machines (looms); for weaving fabrics of a width 30cm or lesses stood at $19,069 per unit in 2022, stabilizing at the previous year. Over the period under review, the import price, however, enjoyed a measured expansion. The pace of growth was the most pronounced in 2016 when the average import price increased by 82% against the previous year. As a result, import price reached the peak level of $22,360 per unit. From 2017 to 2022, the average 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 ($42,177 per unit), while the price for Thailand ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+23.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for weaving machines (looms); for weaving fabrics of a width 30cm or lesses amounted to $6,319 per unit, declining by -48.5% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 when the average export price increased by 125% against the previous year. Over the period under review, the average export prices reached the peak figure at $28,505 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($23,436 per unit), while the average price for exports to Hungary ($9 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 Bangladesh (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Hong Kong SAR

In 2022, imports of weaving machines (looms); for weaving fabrics of a width 30cm or lesses into Hong Kong SAR fell notably to 27 units, waning by -61.4% against 2021. In general, imports saw a deep slump. The pace of growth was the most pronounced in 2021 when imports increased by 289% against the previous year. As a result, imports reached the peak of 70 units, and then declined markedly in the following year.

In value terms, imports of weaving machines (looms); for weaving fabrics of a width 30cm or lesses dropped notably to $381K in 2022. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 334% against the previous year. As a result, imports attained the peak of $1M, and then declined dramatically in the following year.

Top Suppliers of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less to Hong Kong SAR in 2022:

1. Italy (7.0 units)
2. Singapore (6.0 units)
3. China (4.0 units)
4. Taiwan (Chinese) (3.0 units)
5. United States (1.0 units)
6. Netherlands (1.0 units)
7. United Kingdom (1.0 units)
8. Japan (1.0 units)
9. Switzerland (1.0 units)
10. Germany (1.0 units)
11. Thailand (1.0 units)

Exports of Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less in Hong Kong SAR

In 2022, after two years of decline, there was significant growth in shipments abroad of weaving machines (looms); for weaving fabrics of a width 30cm or lesses, when their volume increased by 25% to 25 units. Overall, exports, however, continue to indicate a deep setback. Over the period under review, the exports of reached the peak figure at 35 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, exports of weaving machines (looms); for weaving fabrics of a width 30cm or lesses skyrocketed to $234K in 2022. Over the period under review, exports, however, saw a precipitous decline. The exports peaked at $511K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Weaving Machines (Looms); for Weaving Fabrics of A Width 30cm or Less from Hong Kong SAR in 2022:

1. Brazil (3.0 units)
2. Bangladesh (3.0 units)
3. Vietnam (3.0 units)
4. China (3.0 units)
5. Indonesia (2.0 units)
6. Canada (1.0 units)
7. Madagascar (1.0 units)
8. Taiwan (Chinese) (1.0 units)
9. India (1.0 units)
10. Cambodia (1.0 units)
11. Hungary (1.0 units)
12. Argentina (1.0 units)
13. Nigeria (1.0 units)

Source: IndexBox Market Intelligence Platform