Speed Changer Price in Hong Kong SAR - 2023
Contents:
- Speed Changer Price in Hong Kong SAR (FOB) - 2023
- Speed Changer Price in Hong Kong SAR (CIF) - 2023
- Speed Changer Exports in Hong Kong SAR
- Speed Changer Imports in Hong Kong SAR
Speed Changer Price in Hong Kong SAR (FOB) - 2023
The average speed changer export price stood at $27,031 per ton in June 2023, dropping by -9.4% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 an increase of 10% month-to-month. The export price peaked at $29,824 per ton in May 2023, and then fell in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was China ($27,161 per ton), while the average price for exports to Japan ($13,859 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.3%), while the prices for the other major destinations experienced a decline.
Speed Changer Price in Hong Kong SAR (CIF) - 2023
The average speed changer import price stood at $24,270 per ton in June 2023, jumping by 39% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $26,483 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Singapore ($38,222 per ton), while the price for Japan ($12,589 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Speed Changer Exports in Hong Kong SAR
Speed changer exports from Hong Kong SAR contracted rapidly to 3.9K tons in 2022, which is down by -33.3% against the year before. Over the period under review, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year.
In value terms, speed changer exports contracted notably to $102M in 2022. In general, exports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 35% against the previous year. As a result, the exports attained the peak of $134M, and then dropped markedly in the following year.
| Export of Speed Changer in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 105 | 84.3 | 111 | 82.7 | -7.6% |
| United States | 4.6 | 3.7 | 3.7 | 2.7 | -16.3% |
| Malaysia | 1.0 | 1.3 | 7.0 | 1.9 | 23.9% |
| Japan | 1.1 | 0.7 | 0.9 | 1.3 | 5.7% |
| Others | 8.3 | 9.4 | 11.0 | 13.1 | 16.4% |
| Total | 120 | 99.4 | 134 | 102 | -5.3% |
Top Export Markets for Speed Changer from Hong Kong SAR in 2022:
- China (3193.3 tons)
- Japan (84.2 tons)
- Malaysia (78.3 tons)
- United States (74.4 tons)
Speed Changer Imports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in supplies from abroad of speed changers, industrial high-speed drives and gear, which decreased by -38% to 2.9K tons in 2022. In general, imports recorded a abrupt decrease. The smallest decline of -1.3% was in 2021.
In value terms, speed changer imports fell markedly to $64M in 2022. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 6% against the previous year.
| Import of Speed Changer in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.8 | 40.6 | 36.3 | 22.1 | -23.2% |
| Japan | 10.8 | 7.8 | 11.1 | 11.6 | 2.4% |
| Singapore | 3.7 | 1.8 | 2.2 | 6.3 | 19.4% |
| Taiwan (Chinese) | 11.3 | 10.9 | 6.2 | 4.9 | -24.3% |
| Italy | 3.6 | 3.7 | 5.4 | 4.3 | 6.1% |
| Germany | 4.9 | 2.1 | 5.5 | 3.0 | -15.1% |
| United States | 2.8 | 2.0 | 2.7 | 2.6 | -2.4% |
| Others | 7.9 | 6.5 | 10.6 | 9.5 | 6.3% |
| Total | 93.9 | 75.5 | 80.0 | 64.4 | -11.8% |
Top Suppliers of Speed Changer to Hong Kong SAR in 2022:
- China (1224.2 tons)
- Japan (550.1 tons)
- Singapore (262.9 tons)
- Italy (163.6 tons)
- Taiwan (Chinese) (159.0 tons)
- United States (107.1 tons)
- Germany (88.5 tons)
Nothing found. Please try again.
Nothing found. Please try again.
Nothing found. Please try again.
