Hong Kong SAR, China - Castors With Mountings Of Base Metal - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Castor Mounting Price in Hong Kong SAR - 2023
Contents:
- Metal Castor Mounting Price in Hong Kong SAR (CIF) - 2022
- Metal Castor Mounting Price in Hong Kong SAR (FOB) - 2023
- Metal Castor Mounting Imports in Hong Kong SAR
- Metal Castor Mounting Exports in Hong Kong SAR
Metal Castor Mounting Price in Hong Kong SAR (CIF) - 2022
The average metal castor mounting import price stood at $5,298 per ton in 2022, increasing by 43% against the previous year. Over the last decade, it increased at an average annual rate of +4.8%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($13,392 per ton), while the price for Taiwan (Chinese) ($3,964 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Metal Castor Mounting Price in Hong Kong SAR (FOB) - 2023
In August 2023, the average metal castor mounting export price amounted to $6,640 per ton, which is down by -33.9% against the previous month. In general, the export price recorded a noticeable reduction. The growth pace was the most rapid in October 2022 an increase of 102% m-o-m. As a result, the export price attained the peak level of $14,436 per ton. From November 2022 to August 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In August 2023, the country with the highest price was China ($7,461 per ton), while the average price for exports to Canada ($2,831 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (-2.1%), while the prices for the other major destinations experienced a decline.
Metal Castor Mounting Imports in Hong Kong SAR
Metal castor mounting imports into Hong Kong SAR dropped remarkably to 672 tons in 2022, waning by -43.2% compared with the year before. In general, imports showed a sharp descent. The pace of growth was the most pronounced in 2021 with an increase of 8.6%.
In value terms, metal castor mounting imports contracted sharply to $3.6M in 2022. Overall, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 1.6%.
| Import of Metal Castor Mounting in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 3.6 | 3.6 | 2.6 | -16.1% |
| Japan | 0.5 | 0.3 | 0.2 | 0.4 | -7.2% |
| Taiwan (Chinese) | 0.3 | 0.2 | 0.3 | 0.1 | -30.7% |
| Others | 0.7 | 0.2 | 0.2 | 0.4 | -17.0% |
| Total | 5.9 | 4.3 | 4.4 | 3.6 | -15.2% |
Top Suppliers of Metal Castor Mounting to Hong Kong SAR in 2022:
- China (582.1 tons)
- Japan (47.6 tons)
- Taiwan (Chinese) (29.5 tons)
Metal Castor Mounting Exports in Hong Kong SAR
In 2022, exports of castors with mountings of base metal from Hong Kong SAR contracted slightly to 215 tons, with a decrease of -4.4% against the year before. Over the period under review, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 11%.
In value terms, metal castor mounting exports surged to $2M in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +5.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Metal Castor Mounting in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,358 | 1,123 | 1,038 | 1,633 | 6.3% |
| Indonesia | 1.2 | N/A | 1.9 | 98.7 | 334.9% |
| United Kingdom | 68.3 | 131 | 40.6 | 61.4 | -3.5% |
| United States | 25.6 | 23.3 | 70.0 | 33.2 | 9.1% |
| Netherlands | 7.1 | 8.3 | 0.3 | 30.8 | 63.1% |
| Japan | 49.0 | 41.2 | 61.9 | 16.6 | -30.3% |
| Singapore | 85.8 | 0.1 | 0.8 | 4.3 | -63.1% |
| Others | 121 | 116 | 131 | 104 | -4.9% |
| Total | 1,715 | 1,443 | 1,345 | 1,983 | 5.0% |
Top Export Markets for Metal Castor Mounting from Hong Kong SAR in 2022:
- China (178.3 tons)
- Indonesia (8.8 tons)
- United Kingdom (4.7 tons)
- United States (3.8 tons)
- Netherlands (3.7 tons)
- Japan (1.6 tons)
- Singapore (1.1 tons)
This report provides an in-depth analysis of the metal castor mounting 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 25721420 - Castors with mountings of base metal
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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