Seals; Mechanical Price in Hong Kong SAR - 2023
Contents:
- Seals; Mechanical Price in Hong Kong SAR (CIF) - 2022
- Seals; Mechanical Price in Hong Kong SAR (FOB) - 2023
- Seals; Mechanical Imports in Hong Kong SAR
- Seals; Mechanical Exports in Hong Kong SAR
Seals; Mechanical Price in Hong Kong SAR (CIF) - 2022
The average seals; mechanical import price stood at $3.6 per unit in 2022, with a decrease of -22.8% against the previous year. In general, the import price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2020 an increase of 35% against the previous year. The import price peaked at $6.5 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 UK ($9.6 per unit), while the price for Germany ($2.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Seals; Mechanical Price in Hong Kong SAR (FOB) - 2023
In September 2023, the average seals; mechanical export price amounted to $2.1 per unit, dropping by -20.7% against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in May 2023 when the average export price increased by 189% against the previous month. As a result, the export price attained the peak level of $4.6 per unit. From June 2023 to September 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($6.3 per unit), while the average price for exports to China ($1.8 per unit) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iran (+24.8%), while the prices for the other major destinations experienced mixed trend patterns.
Seals; Mechanical Imports in Hong Kong SAR
In 2022, imports of seals; mechanicals into Hong Kong SAR surged to 1.1M units, jumping by 37% compared with the previous year. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 37%. Imports peaked at 1.1M units in 2019; afterwards, it flattened through to 2022.
In value terms, seals; mechanical imports rose significantly to $3.9M in 2022. The total import value increased at an average annual rate of +1.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 38%. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Seals; Mechanical in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 365 | 468 | 823 | 716 | 25.2% |
| Germany | 1,204 | 410 | 718 | 699 | -16.6% |
| United Kingdom | 419 | 414 | 185 | 665 | 16.6% |
| Malaysia | N/A | N/A | 6.0 | 599 | 9883.3% |
| China | 586 | 497 | 532 | 538 | -2.8% |
| Singapore | 82.8 | 205 | 311 | 229 | 40.4% |
| Japan | 232 | 288 | 421 | 134 | -16.7% |
| Taiwan (Chinese) | 82.0 | 5.1 | 7.0 | 43.2 | -19.2% |
| South Korea | 86.3 | 33.7 | 73.6 | 5.3 | -60.5% |
| Others | 687 | 334 | 574 | 231 | -30.5% |
| Total | 3,744 | 2,655 | 3,650 | 3,860 | 1.0% |
Top Suppliers of Seals; Mechanical to Hong Kong SAR in 2022:
- Germany (293.7K units)
- Malaysia (249.3K units)
- United States (152.8K units)
- China (137.8K units)
- Singapore (86.1K units)
- United Kingdom (69.3K units)
- Japan (47.4K units)
- Taiwan (Chinese) (23.7K units)
- South Korea (1.7K units)
Seals; Mechanical Exports in Hong Kong SAR
In 2022, seals; mechanical exports from Hong Kong SAR soared to 440K units, increasing by 31% against 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 141% against the previous year. The exports peaked at 450K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, seals; mechanical exports surged to $3.2M in 2022. Overall, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Seals; Mechanical in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,804 | 919 | 1,579 | 2,931 | 17.6% |
| South Korea | 0.6 | 8.7 | 26.6 | 77.8 | 406.1% |
| United Kingdom | 8.2 | 0.1 | 7.7 | 42.4 | 72.9% |
| United States | 9.6 | 10.9 | 178 | 36.8 | 56.5% |
| Germany | 0.6 | 35.1 | 1.8 | 34.8 | 287.1% |
| France | 3.1 | 15.4 | 3.1 | 21.9 | 91.9% |
| Singapore | 177 | 1.0 | 6.7 | 10.1 | -61.5% |
| Japan | 79.3 | 5.4 | 3.8 | 6.1 | -57.5% |
| Austria | 67.5 | N/A | 2.8 | N/A | -79.6% |
| Oman | 43.0 | 24.8 | 11.8 | N/A | -47.6% |
| Others | 177 | 149 | 114 | 76.9 | -24.3% |
| Total | 2,370 | 1,170 | 1,935 | 3,238 | 11.0% |
Top Export Markets for Seals; Mechanical from Hong Kong SAR in 2022:
- China (275.8K units)
- United Kingdom (40.5K units)
- South Korea (31.5K units)
- United States (30.1K units)
- Germany (13.8K units)
- France (11.3K units)
- Singapore (7.2K units)
- Japan (3.3K units)
503
Global Gasket Market Report 2018. This report provides an in-depth analysis of the global gasket market.
503
Global Gasket Market Report 2018. This report provides an in-depth analysis of the global gasket market.
Nothing found. Please try again.
