Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hong Kong SAR - 2023

Contents:

1. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hong Kong SAR (CIF) - 2022
2. Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hong Kong SAR (FOB) - 2022
3. Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hong Kong SAR
4. Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hong Kong SAR

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hong Kong SAR (CIF) - 2022

The average import price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $8.1 per unit in 2022, picking up by 18% against the previous year. In general, the import price continues to indicate a resilient expansion. The growth pace was the most rapid in 2016 when the average import price increased by 81%. The import price peaked at $8.3 per unit in 2017; however, from 2018 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 the United States ($8.3 per unit), while the price for Italy ($1.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+2.3%), while the prices for the other major suppliers experienced a decline.

Price for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hong Kong SAR (FOB) - 2022

The average export price for millstones, grindstones, grinding wheels and the like; of natural stones stood at $1.6 per unit in 2022, picking up by 10% against the previous year. In general, the export price, however, saw a abrupt slump. The growth pace was the most rapid in 2015 an increase of 188%. The export price peaked at $4.2 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($1.6 per unit), while the average price for exports to the United States amounted to $1.1 per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hong Kong SAR

In 2022, approx. 44K units of millstones, grindstones, grinding wheels and the like; of natural stones were imported into Hong Kong SAR; which is down by -4.4% compared with the previous year. In general, imports saw a precipitous setback. The pace of growth was the most pronounced in 2021 when imports increased by 11% against the previous year. Over the period under review, imports of millstones, grindstones, grinding wheels and like; of natural stones reached the peak figure at 110K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, imports of millstones, grindstones, grinding wheels and the like; of natural stones expanded significantly to $353K in 2022. Over the period under review, imports saw a deep contraction. Imports peaked at $423K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Top Suppliers of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone to Hong Kong SAR in 2022:

1. United States (37.9K units)
2. Japan (5.0K units)
3. Italy (0.5K units)

Exports of Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone in Hong Kong SAR

In 2022, the amount of millstones, grindstones, grinding wheels and the like; of natural stones exported from Hong Kong SAR dropped dramatically to 107K units, waning by -30.9% on 2021 figures. In general, exports recorded a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. The exports peaked at 224K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of millstones, grindstones, grinding wheels and the like; of natural stones contracted remarkably to $171K in 2022. Overall, exports faced a precipitous decrease. The smallest decline of -5.5% was in 2021. The exports peaked at $387K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Millstones, Grindstones, Grinding Wheels and the Like; of Natural Stone from Hong Kong SAR in 2022:

1. China (100.3K units)
2. United States (4.0K units)

Source: IndexBox Market Intelligence Platform