Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Hong Kong SAR - 2023

Contents:

1. Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Hong Kong SAR (CIF) - 2022
2. Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Hong Kong SAR (FOB) - 2023
3. Imports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Hong Kong SAR
4. Exports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Hong Kong SAR

Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Hong Kong SAR (CIF) - 2022

The average import price for machinery; parts of machinery for making or finishing paper or paperboard stood at $18,565 per ton in 2022, waning by -4.4% against the previous year. In general, the import price recorded a pronounced setback. The growth pace was the most rapid in 2021 when the average import price increased by 128%. Over the period under review, average import prices reached the peak figure at $25,563 per ton in 2012; however, from 2013 to 2022, import prices remained at a 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 Finland ($51,761 per ton), while the price for China ($7,495 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+0.0%), while the prices for the other major suppliers experienced a decline.

Price for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Hong Kong SAR (FOB) - 2023

In October 2023, the average export price for machinery; parts of machinery for making or finishing paper or paperboard amounted to $36,851 per ton, with an increase of 72% against the previous month. Over the period under review, the export price, however, continues to indicate a deep contraction. The most prominent rate of growth was recorded in June 2023 an increase of 145% month-to-month. Over the period under review, the average export prices attained the maximum at $233K per ton in December 2022; however, from January 2023 to October 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($35,389 per ton), while the average price for exports to the United States totaled $13,621 per ton.

From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-9.6%).

Imports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Hong Kong SAR

Imports of machinery; parts of machinery for making or finishing paper or paperboard into Hong Kong SAR rose remarkably to 267 tons in 2022, surging by 14% on the year before. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 288%. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of machinery; parts of machinery for making or finishing paper or paperboard stood at $5M in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 786%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard to Hong Kong SAR in 2022:

1. China (155.0 tons)
2. Germany (60.2 tons)
3. Finland (49.6 tons)

Exports of Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard in Hong Kong SAR

In 2022, the amount of machinery; parts of machinery for making or finishing paper or paperboard exported from Hong Kong SAR contracted dramatically to 129 tons, which is down by -30.2% against 2021 figures. Overall, exports recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 426%. As a result, the exports attained the peak of 184 tons, and then contracted significantly in the following year.

In value terms, exports of machinery; parts of machinery for making or finishing paper or paperboard contracted to $4.5M in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 659%. As a result, the exports attained the peak of $4.8M, and then fell in the following year.

Top Export Markets for Machinery; Parts of Machinery for Making or Finishing Paper or Paperboard from Hong Kong SAR in 2022:

1. China (126.8 tons)
2. United States (1.8 tons)

Source: IndexBox Market Intelligence Platform