Price for Compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion in Hong Kong SAR - 2023
Contents:
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Hong Kong SAR (FOB) - 2022
- Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Hong Kong SAR (CIF) - 2022
- Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Hong Kong SAR
- Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Hong Kong SAR
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Hong Kong SAR (FOB) - 2022
The average export price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $108,552 per unit in 2022, waning by -35.4% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 106% against the previous year. As a result, the export price attained the peak level of $168,021 per unit, and then declined markedly in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($188,504 per unit), while the average price for exports to Malaysia ($7,448 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+17.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Hong Kong SAR (CIF) - 2022
The average import price for compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion stood at $20,148 per unit in 2022, shrinking by -11.5% against the previous year. Over the period under review, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2021 an increase of 106%. Over the period under review, average import prices hit record highs at $43,004 per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.
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 ($122,264 per unit), while the price for Germany ($1,345 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in shipments abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion, when their volume increased by 84% to 158 units. Overall, exports, however, saw a abrupt setback. The exports peaked at 230 units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion skyrocketed to $17M in 2022. In general, exports, however, continue to indicate a abrupt downturn. Over the period under review, the exports of attained the maximum at $29M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 26.8 | 13.0 | 13.9 | 14.5 | -18.5% |
| Singapore | 1.1 | 0.6 | 0.5 | 1.8 | 17.8% |
| Indonesia | N/A | 0.1 | N/A | 0.5 | 123.6% |
| Vietnam | 0.2 | N/A | N/A | 0.3 | 14.5% |
| Malaysia | N/A | N/A | N/A | 0.1 | 0% |
| United States | 0.2 | N/A | N/A | N/A | 0% |
| Cambodia | N/A | 0.1 | N/A | N/A | 0% |
| Algeria | N/A | 0.1 | N/A | N/A | 0% |
| Taiwan (Chinese) | 0.4 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.8 | N/A | N/A | 300.0% |
| Total | 29.0 | 14.7 | 14.4 | 17.2 | -16.0% |
Top Export Markets for Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion from Hong Kong SAR in 2022:
- China (77.0 units)
- Singapore (47.0 units)
- Vietnam (16.0 units)
- Indonesia (10.0 units)
- Malaysia (7.0 units)
Imports of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Hong Kong SAR
In 2022, supplies from abroad of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion was finally on the rise to reach 846 units after two years of decline. In general, imports, however, continue to indicate a dramatic descent. Imports peaked at 1.9K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of compression-ignition internal combustion piston engines (diesel or semi-diesel engines) for marine propulsion soared to $17M in 2022. Over the period under review, imports, however, saw a drastic downturn. Over the period under review, imports of attained the maximum at $27M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.3 | 3.5 | 5.0 | 10.6 | 26.0% |
| United States | 9.8 | 1.2 | 4.3 | 2.7 | -34.9% |
| Japan | 1.0 | 0.9 | 0.5 | 1.3 | 9.1% |
| Sweden | 1.2 | 2.8 | 0.1 | 1.1 | -2.9% |
| Germany | 5.9 | 1.2 | 0.3 | 0.3 | -63.0% |
| Singapore | 3.1 | 0.2 | 0.3 | 0.1 | -68.2% |
| South Korea | 0.1 | N/A | N/A | N/A | 0% |
| Others | 1.1 | 1.0 | 2.3 | 1.0 | -3.1% |
| Total | 27.5 | 10.8 | 12.8 | 17.0 | -14.8% |
Top Suppliers of Compression-Ignition Internal Combustion Piston Engines (Diesel or Semi-Diesel Engines) for Marine Propulsion to Hong Kong SAR in 2022:
- China (215.0 units)
- Germany (190.0 units)
- Japan (170.0 units)
- Sweden (143.0 units)
- Singapore (23.0 units)
- United States (22.0 units)
- South Korea (21.0 units)
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