Weaving Machines (Looms) Price in Hong Kong SAR - 2023
Contents:
- Weaving Machines (Looms) Price in Hong Kong SAR (CIF) - 2022
- Weaving Machines (Looms) Price in Hong Kong SAR (FOB) - 2022
- Weaving Machines (Looms) Imports in Hong Kong SAR
- Weaving Machines (Looms) Exports in Hong Kong SAR
Weaving Machines (Looms) Price in Hong Kong SAR (CIF) - 2022
The average weaving machines (looms) import price stood at $15,255 per unit in 2022, declining by -7.5% against the previous year. Over the period under review, the import price, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 126% against the previous year. Over the period under review, average import prices reached the maximum at $26,129 per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Switzerland.
From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to +79.9% per year.
Weaving Machines (Looms) Price in Hong Kong SAR (FOB) - 2022
In 2022, the average weaving machines (looms) export price amounted to $89,180 per unit, with an increase of 1,163% against the previous year. Overall, the export price saw a buoyant expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for Indonesia.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +14.8% per year.
Weaving Machines (Looms) Imports in Hong Kong SAR
Weaving machines (looms) imports into Hong Kong SAR contracted notably to 25 units in 2022, waning by -85.8% on 2021 figures. Over the period under review, imports saw a dramatic setback. The pace of growth was the most pronounced in 2021 when imports increased by 468% against the previous year. As a result, imports attained the peak of 176 units, and then dropped sharply in the following year.
In value terms, weaving machines (looms) imports fell remarkably to $381K in 2022. In general, imports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2021 with an increase of 261%. As a result, imports reached the peak of $2.9M, and then shrank remarkably in the following year.
| Import of Weaving Machines (Looms) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Switzerland | 1,077 | N/A | 2,904 | 381 | -29.3% |
| China | 314 | 47.6 | N/A | N/A | -84.8% |
| Germany | 330 | N/A | N/A | N/A | 0% |
| Indonesia | N/A | 547 | N/A | N/A | 0% |
| Others | N/A | 210 | N/A | N/A | 0% |
| Total | 1,721 | 804 | 2,904 | 381 | -39.5% |
Top Suppliers of Weaving Machines (Looms) to Hong Kong SAR in 2022:
- Switzerland (25.0 units)
Weaving Machines (Looms) Exports in Hong Kong SAR
In 2022, shipments abroad of weaving machines (looms)s decreased by -99.7% to 2 units for the first time since 2018, thus ending a three-year rising trend. Overall, exports faced a sharp downturn. The growth pace was the most rapid in 2021 with an increase of 42%. As a result, the exports reached the peak of 590 units, and then declined dramatically in the following year.
In value terms, weaving machines (looms) exports shrank dramatically to $178K in 2022. In general, exports saw a sharp decrease. The smallest decline of -6.7% was in 2020. Over the period under review, the exports attained the maximum at $4.8M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Weaving Machines (Looms) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 0.2 | 0% |
| China | 2.8 | 4.5 | 0.7 | N/A | -50.0% |
| Vietnam | 2.0 | N/A | 2.8 | N/A | 18.3% |
| Pakistan | N/A | N/A | 0.6 | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.8 | 4.5 | 4.2 | 0.2 | -65.3% |
Top Export Markets for Weaving Machines (Looms) from Hong Kong SAR in 2022:
- Indonesia (2.0 units)
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