Price for Electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square) in Hong Kong SAR - 2023
Contents:
- Price for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Hong Kong SAR (CIF) - 2023
- Price for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Hong Kong SAR (FOB) - 2023
- Imports of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Hong Kong SAR
- Exports of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Hong Kong SAR
Price for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s amounted to $8.1 per unit, picking up by 120% against the previous month. Overall, the import price continues to indicate strong growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to October 2023, the rate of growth in terms of prices for China amounted to +14.8% per month.
Price for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Hong Kong SAR (FOB) - 2023
The average export price for electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s stood at $5.3 per unit in October 2023, dropping by -16.1% against the previous month. Over the period under review, the export price, however, showed a resilient increase. The pace of growth was the most pronounced in September 2023 an increase of 121% m-o-m. As a result, the export price reached the peak level of $6.4 per unit, and then shrank markedly in the following month.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was China ($11.0 per unit), while the average price for exports to France ($1.2 per unit) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Hong Kong SAR
In 2022, approx. 444K units of electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s were imported into Hong Kong SAR; shrinking by -79.3% against the year before. In general, imports showed a precipitous decrease. The smallest decline of -14.4% was in 2020. Imports peaked at 31M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s fell to $31M in 2022. Over the period under review, imports faced a deep downturn. Over the period under review, imports of reached the maximum at $60M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.6 | 28.0 | 25.0 | 19.9 | -13.4% |
| Germany | 0.4 | 0.7 | 0.7 | 0.7 | 20.5% |
| Philippines | N/A | N/A | 0.6 | 0.4 | -33.3% |
| India | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Japan | 20.6 | 16.7 | 1.2 | 0.2 | -78.7% |
| Others | 8.4 | 5.1 | 8.3 | 9.5 | 4.2% |
| Total | 60.2 | 50.7 | 36.1 | 31.0 | -19.8% |
Top Suppliers of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) to Hong Kong SAR in 2022:
- Japan (323.3K units)
- China (74.6K units)
- Germany (13.6K units)
- Philippines (8.9K units)
- India (8.7K units)
Exports of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Hong Kong SAR
Exports of electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s from Hong Kong SAR contracted to 8.7M units in 2022, declining by -11.9% on the previous year. Over the period under review, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 20%. Over the period under review, the exports of reached the maximum at 11M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of electric accumulators; nickel-cadmium, including separators, whether or not rectangular (including square)s dropped notably to $26M in 2022. In general, exports continue to indicate a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 8.4%. Over the period under review, the exports of attained the peak figure at $35M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 11.2 | 8.5 | 7.5 | 6.1 | -18.3% |
| United States | 3.5 | 2.7 | 3.1 | 2.7 | -8.3% |
| Spain | 3.6 | 3.6 | 2.5 | 2.5 | -11.4% |
| United Kingdom | 3.2 | 2.6 | 3.4 | 2.1 | -13.1% |
| Australia | 1.8 | 2.9 | 2.7 | 2.0 | 3.6% |
| Germany | 1.9 | 1.4 | 1.9 | 1.4 | -9.7% |
| Japan | 1.2 | 2.2 | 1.3 | 1.2 | 0.0% |
| Greece | 0.9 | 0.7 | 1.2 | 0.8 | -3.9% |
| Italy | 1.1 | 0.3 | 0.6 | 0.6 | -18.3% |
| France | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Turkey | 0.1 | 0.1 | N/A | 0.3 | 44.2% |
| Netherlands | 1.4 | 0.9 | 0.8 | 0.3 | -40.2% |
| Poland | 0.4 | 0.2 | 0.4 | 0.2 | -20.6% |
| Others | 4.6 | 2.8 | 5.9 | 5.4 | 5.5% |
| Total | 35.4 | 29.2 | 31.7 | 26.1 | -9.7% |
Top Export Markets for Electric Accumulators; Nickel-Cadmium, Including Separators, Whether or Not Rectangular (Including Square) from Hong Kong SAR in 2022:
- Spain (1770.3K units)
- United Kingdom (1180.7K units)
- United States (783.6K units)
- China (641.1K units)
- Germany (638.1K units)
- Greece (483.4K units)
- Japan (457.5K units)
- Turkey (306.6K units)
- Poland (285.2K units)
- Italy (248.4K units)
- France (241.6K units)
- Netherlands (235.1K units)
- Australia (177.3K units)
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