Price for Winches and Capstans; Not Powered by an Electric Motor in Hong Kong SAR - 2023
Contents:
- Price for Winches and Capstans; Not Powered by an Electric Motor in Hong Kong SAR (CIF) - 2022
- Price for Winches and Capstans; Not Powered by an Electric Motor in Hong Kong SAR (FOB) - 2022
- Imports of Winches and Capstans; Not Powered by an Electric Motor in Hong Kong SAR
- Exports of Winches and Capstans; Not Powered by an Electric Motor in Hong Kong SAR
Price for Winches and Capstans; Not Powered by an Electric Motor in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for winches and capstans; not powered by an electric motors amounted to $7,809 per unit, surging by 468% against the previous year. Over the period under review, the import price posted a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Spain ($143,468 per unit), while the price for India ($467 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Winches and Capstans; Not Powered by an Electric Motor in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for winches and capstans; not powered by an electric motors amounted to $416 per unit, increasing by 12% against the previous year. In general, the export price, however, showed a sharp decrease. The pace of growth appeared the most rapid in 2018 an increase of 236%. The export price peaked at $25,696 per unit in 2012; however, from 2013 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 ($400 per unit), while the average price for exports to the United States totaled $55 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+190.3%), while the prices for the other major destinations experienced a decline.
Imports of Winches and Capstans; Not Powered by an Electric Motor in Hong Kong SAR
In 2022, overseas purchases of winches and capstans; not powered by an electric motors decreased by -61.8% to 276 units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a dramatic contraction. The growth pace was the most rapid in 2020 when imports increased by 182%. As a result, imports attained the peak of 3.9K units. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of winches and capstans; not powered by an electric motors skyrocketed to $2.2M in 2022. In general, imports, however, posted mild growth. Imports peaked at $2.9M in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.
| Import of Winches and Capstans; Not Powered by an Electric Motor in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 1,865 | 0% |
| China | 222 | 132 | 144 | 71.4 | -31.5% |
| India | 37.9 | 15.9 | 40.4 | 69.6 | 22.5% |
| Italy | 1,642 | 124 | 146 | 67.8 | -65.4% |
| United Kingdom | 32.8 | 2,570 | 577 | 62.0 | 23.6% |
| Others | 110 | 88.4 | 87.1 | 19.3 | -44.0% |
| Total | 2,045 | 2,930 | 994 | 2,155 | 1.8% |
Top Suppliers of Winches and Capstans; Not Powered by an Electric Motor to Hong Kong SAR in 2022:
- India (149.0 units)
- United Kingdom (62.0 units)
- Italy (40.0 units)
- Spain (13.0 units)
- China (8.0 units)
Exports of Winches and Capstans; Not Powered by an Electric Motor in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of winches and capstans; not powered by an electric motors, which decreased by -71.1% to 262 units in 2022. Overall, exports continue to indicate a significant contraction. The smallest decline of -38% was in 2020. The exports peaked at 2.6K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of winches and capstans; not powered by an electric motors shrank significantly to $109K in 2022. Over the period under review, exports continue to indicate a significant curtailment. The smallest decline of -0.4% was in 2020. Over the period under review, the exports of reached the maximum at $3.1M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Winches and Capstans; Not Powered by an Electric Motor in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,362 | 76.3 | 258 | 103 | -64.8% |
| United States | 2.6 | 22.9 | 0.2 | 0.1 | -66.2% |
| Macao SAR | N/A | 2,962 | N/A | N/A | 0% |
| Germany | 8.2 | 27.8 | 20.5 | N/A | 58.1% |
| Yemen | 10.5 | N/A | N/A | N/A | 0% |
| Qatar | 708 | N/A | N/A | N/A | 0% |
| Others | 15.9 | 5.4 | 58.2 | 6.0 | -27.7% |
| Total | 3,107 | 3,095 | 336 | 109 | -67.3% |
Top Export Markets for Winches and Capstans; Not Powered by an Electric Motor from Hong Kong SAR in 2022:
- China (257.0 units)
- United States (1.0 units)
286
This report provides an in-depth analysis of the winche and capstan market in Hong Kong SAR, China.
203
This report provides an in-depth analysis of the built-in jacking system market in Hong Kong SAR, China.
242
This report provides an in-depth analysis of the hydraulic jack market in Hong Kong SAR, China.
256
This report provides an in-depth analysis of the jacks and hoists market in Hong Kong SAR, China.
286
This report provides an in-depth analysis of the non-electric pulley tackle market in Hong Kong SAR, China.
241
This report provides an in-depth analysis of the market for pulley tackle and hoists powered by an electric motor in Hong Kong SAR, China.
458
This report provides an in-depth analysis of the global winche and capstan market.
442
This report provides an in-depth analysis of the global built-in jacking system market.
433
This report provides an in-depth analysis of the global hydraulic jack market.
452
This report provides an in-depth analysis of the global jacks and hoists market.
83
Global demand for hydraulic jacks and hoists for raising vehicles is expected to continue growing over the next seven years, with market performance forecasted to decelerate but still show positive growth. By 2030, the market volume is projected to reach 73M units with a value of $10.6B. China is the largest consumer and producer of hydraulic jacks, with the United States and India following closely behind. The United States is the largest importer and France is the largest exporter of hydraulic jacks. Overall, the market is expected to see steady growth in the coming years.
83
Global demand for hydraulic jacks and hoists for raising vehicles is expected to continue growing over the next seven years, with market performance forecasted to decelerate but still show positive growth. By 2030, the market volume is projected to reach 73M units with a value of $10.6B. China is the largest consumer and producer of hydraulic jacks, with the United States and India following closely behind. The United States is the largest importer and France is the largest exporter of hydraulic jacks. Overall, the market is expected to see steady growth in the coming years.
