Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Hong Kong SAR - 2023
Contents:
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Hong Kong SAR (CIF) - 2022
- Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Hong Kong SAR (FOB) - 2022
- Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Hong Kong SAR
- Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Hong Kong SAR
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for weighing machines; having a maximum weighing capacity exceeding 5000kgs amounted to $2,466 per unit, with an increase of 95% against the previous year. Overall, the import price, however, recorded a abrupt descent. The import price peaked at $4,458 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($2,239 per unit), while the price for China ($1,153 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+1.8%), while the prices for the other major suppliers experienced a decline.
Price for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Hong Kong SAR (FOB) - 2022
The average export price for weighing machines; having a maximum weighing capacity exceeding 5000kgs stood at $1,006 per unit in 2022, dropping by -83.2% against the previous year. In general, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2014 when the average export price increased by 752%. As a result, the export price reached the peak level of $22,376 per unit. From 2015 to 2022, the average 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 ($4,945 per unit), while the average price for exports to the United States ($299 per unit) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+18.2%), while the prices for the other major destinations experienced a decline.
Imports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Hong Kong SAR
In 2022, approx. 171 units of weighing machines; having a maximum weighing capacity exceeding 5000kgs were imported into Hong Kong SAR; picking up by 13% compared with 2021 figures. In general, imports, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2020 when imports increased by 29% against the previous year. As a result, imports reached the peak of 266 units. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of weighing machines; having a maximum weighing capacity exceeding 5000kgs surged to $422K in 2022. Over the period under review, imports, however, saw a abrupt downturn. Over the period under review, imports of reached the maximum at $535K in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 283 | 240 | 128 | 135 | -21.9% |
| Germany | 63.1 | 54.2 | 42.9 | 66.0 | 1.5% |
| United Kingdom | 14.3 | 78.0 | 9.4 | 31.3 | 29.8% |
| Others | 174 | 94.8 | 11.9 | 189 | 2.8% |
| Total | 535 | 467 | 193 | 422 | -7.6% |
Top Suppliers of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg to Hong Kong SAR in 2022:
- China (117.0 units)
- Germany (38.0 units)
- United Kingdom (14.0 units)
Exports of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in shipments abroad of weighing machines; having a maximum weighing capacity exceeding 5000kgs, when their volume increased by 191% to 32 units. In general, exports, however, showed a noticeable contraction. The exports peaked at 36 units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of weighing machines; having a maximum weighing capacity exceeding 5000kgs fell significantly to $32K in 2022. Overall, exports, however, recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 51%. As a result, the exports attained the peak of $191K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | 2.5 | 15.6 | 524.0% |
| China | 80.7 | 173 | 62.9 | 14.8 | -43.2% |
| United States | 15.3 | 17.9 | 0.6 | 1.8 | -51.0% |
| South Korea | 29.1 | N/A | N/A | N/A | 0% |
| Others | 2.0 | N/A | N/A | N/A | 0% |
| Total | 127 | 191 | 66.0 | 32.2 | -36.7% |
Top Export Markets for Weighing Machines; Having A Maximum Weighing Capacity Exceeding 5000kg from Hong Kong SAR in 2022:
- Vietnam (23.0 units)
- United States (6.0 units)
- China (3.0 units)
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