Hong Kong SAR, China - Machines For Working Wire - Market Analysis, Forecast, Size, Trends And Insights
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View PricingWorking Wire Machine Price in Hong Kong SAR - 2023
Contents:
- Working Wire Machine Price in Hong Kong SAR (FOB) - 2023
- Working Wire Machine Price in Hong Kong SAR (CIF) - 2022
- Working Wire Machine Exports in Hong Kong SAR
- Working Wire Machine Imports in Hong Kong SAR
Working Wire Machine Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average working wire machine export price amounted to $27,647 per unit, remaining relatively unchanged against the previous month. Over the period under review, the export price recorded a significant increase. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 4,462% against the previous month. As a result, the export price attained the peak level of $164K per unit. From February 2023 to September 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From December 2022 to September 2023, the rate of growth in terms of prices for China amounted to +25.4% per month.
Working Wire Machine Price in Hong Kong SAR (CIF) - 2022
The average working wire machine import price stood at $16,663 per unit in 2022, rising by 17% against the previous year. Over the period under review, the import price continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2013 an increase of 79%. Over the period under review, average import prices attained the peak figure at $32,025 per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 Italy ($22,314 per unit), while the price for China totaled $4,100 per unit.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Working Wire Machine Exports in Hong Kong SAR
In 2022, approx. less than 0.1 units of machines for working wire were exported from Hong Kong SAR; waning by 99.9% against the previous year's figure. In general, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2021 with an increase of 71% against the previous year. The exports peaked at 25 units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, working wire machine exports shrank dramatically to $7.2K in 2022. Overall, exports saw a dramatic downturn. The growth pace was the most rapid in 2021 with an increase of 101%. Over the period under review, the exports reached the peak figure at $707K in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Working Wire Machine in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 644 | 243 | 491 | -12.7% | |
| Japan | 42.9 | N/A | N/A | 0% | |
| Myanmar | N/A | 1.9 | N/A | 0% | |
| Italy | 20.4 | N/A | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 707 | 245 | 491 | -16.7% | |
Top Export Markets for Working Wire Machine from Hong Kong SAR in 2022:
- China (24.0 units)
Working Wire Machine Imports in Hong Kong SAR
Working wire machine imports into Hong Kong SAR plummeted to 3 units in 2022, shrinking by -89.3% compared with the previous year's figure. Overall, imports continue to indicate a dramatic shrinkage. The most prominent rate of growth was recorded in 2021 when imports increased by 600% against the previous year. Over the period under review, imports reached the maximum at 46 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, working wire machine imports reduced notably to $48K in 2022. Over the period under review, imports saw a significant curtailment. The growth pace was the most rapid in 2021 when imports increased by 487% against the previous year. Imports peaked at $530K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Working Wire Machine in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 200 | 56.7 | 322 | 44.6 | -39.4% |
| China | 147 | 12.5 | 84.1 | 3.7 | -70.7% |
| Vietnam | 31.8 | N/A | N/A | N/A | 0% |
| Singapore | 151 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 530 | 69.2 | 406 | 48.3 | -55.0% |
Top Suppliers of Working Wire Machine to Hong Kong SAR in 2022:
- Italy (2.0 units)
- China (1.0 units)
This report provides an in-depth analysis of the working wire machine market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 28413450 - Machines for working wire (excluding draw-benches, thread rolling machines)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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