Rafts; Inflatable Price in Hong Kong SAR - 2023

Contents:

1. Rafts; Inflatable Price in Hong Kong SAR (CIF) - 2022
2. Rafts; Inflatable Price in Hong Kong SAR (FOB) - 2022
3. Rafts; Inflatable Imports in Hong Kong SAR
4. Rafts; Inflatable Exports in Hong Kong SAR

Rafts; Inflatable Price in Hong Kong SAR (CIF) - 2022

The average rafts; inflatable import price stood at $9,675 per unit in 2022, increasing by 32% against the previous year. Over the period under review, the import price posted strong growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 98%. The import price peaked at $12,888 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 ($37,873 per unit), while the price for China ($1,115 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+40.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Rafts; Inflatable Price in Hong Kong SAR (FOB) - 2022

The average rafts; inflatable export price stood at $13,511 per unit in 2022, rising by 46% against the previous year. Overall, the export price continues to indicate a remarkable increase. The growth pace was the most rapid in 2018 an increase of 246%. The export price peaked at $17,234 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($57,712 per unit), while the average price for exports to China ($1,812 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 Vietnam (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

Rafts; Inflatable Imports in Hong Kong SAR

Rafts; inflatable imports into Hong Kong SAR dropped dramatically to 644 units in 2022, shrinking by -18.6% on the previous year. Over the period under review, imports, however, continue to indicate pronounced growth. The pace of growth appeared the most rapid in 2021 when imports increased by 135% against the previous year. As a result, imports reached the peak of 791 units, and then fell markedly in the following year.

In value terms, rafts; inflatable imports expanded rapidly to $6.2M in 2022. The total import value increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 33%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Top Suppliers of Rafts; Inflatable to Hong Kong SAR in 2022:

1. China (376.0 units)
2. Germany (76.0 units)
3. United Kingdom (73.0 units)
4. Singapore (69.0 units)
5. Malaysia (18.0 units)
6. United States (15.0 units)
7. France (12.0 units)

Rafts; Inflatable Exports in Hong Kong SAR

In 2022, overseas shipments of rafts; inflatables decreased by -35.6% to 386 units for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, continue to indicate a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 51%. As a result, the exports attained the peak of 599 units, and then declined dramatically in the following year.

In value terms, rafts; inflatable exports reduced to $5.2M in 2022. The total export value increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 40%. As a result, the exports reached the peak of $5.5M, and then shrank in the following year.

Top Export Markets for Rafts; Inflatable from Hong Kong SAR in 2022:

1. China (172.0 units)
2. Singapore (166.0 units)
3. Germany (15.0 units)
4. Taiwan (Chinese) (11.0 units)
5. Vietnam (7.0 units)
6. Macao SAR (6.0 units)
7. United States (3.0 units)

Source: IndexBox Market Intelligence Platform