Price for Aluminium; Alloys, Hollow Profiles in Hong Kong SAR - 2023
Contents:
- Price for Aluminium; Alloys, Hollow Profiles in Hong Kong SAR (FOB) - 2023
- Price for Aluminium; Alloys, Hollow Profiles in Hong Kong SAR (CIF) - 2023
- Exports of Aluminium; Alloys, Hollow Profiles in Hong Kong SAR
- Imports of Aluminium; Alloys, Hollow Profiles in Hong Kong SAR
Price for Aluminium; Alloys, Hollow Profiles in Hong Kong SAR (FOB) - 2023
In June 2023, the average aluminium; alloys, hollow profiles export price amounted to $5,801 per ton, reducing by -7.1% against the previous month. In general, the export price showed a perceptible shrinkage. The growth pace was the most rapid in February 2023 an increase of 103% month-to-month. Over the period under review, the average export prices hit record highs at $7,413 per ton in October 2022; however, from November 2022 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was China ($6,962 per ton), while the average price for exports to Lithuania totaled $3,262 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.5%).
Price for Aluminium; Alloys, Hollow Profiles in Hong Kong SAR (CIF) - 2023
The average aluminium; alloys, hollow profiles import price stood at $3,691 per ton in June 2023, picking up by 17% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 an increase of 52% month-to-month. Over the period under review, average import prices attained the maximum at $4,011 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($7,046 per ton), while the price for China amounted to $3,445 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (0.0%).
Exports of Aluminium; Alloys, Hollow Profiles in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas shipments of aluminium; alloys, hollow profileses, when their volume decreased by -76.3% to 883 tons. In general, exports faced a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 79% against the previous year.
In value terms, aluminium; alloys, hollow profiles exports shrank remarkably to $5.4M in 2022. Overall, exports faced a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 86%.
| Export of Aluminium; Alloys, Hollow Profiles in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2.2 | 2.5 | 0.8 | 4.1 | 23.1% |
| Lithuania | N/A | N/A | 1.1 | 1.1 | 0.0% |
| Thailand | 5.7 | 12.9 | 16.0 | N/A | 67.5% |
| Costa Rica | N/A | N/A | 0.5 | N/A | 0% |
| Others | 0.4 | 0.1 | 0.7 | 0.1 | -37.0% |
| Total | 8.3 | 15.4 | 19.1 | 5.4 | -13.3% |
Top Export Markets for Aluminium; Alloys, Hollow Profiles from Hong Kong SAR in 2022:
- China (596.5 tons)
- Lithuania (276.0 tons)
- Thailand (0.2 tons)
Imports of Aluminium; Alloys, Hollow Profiles in Hong Kong SAR
In 2022, overseas purchases of aluminium; alloys, hollow profileses decreased by -61.6% to 1.4K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports recorded a significant decrease. The pace of growth was the most pronounced in 2020 when imports increased by 8%.
In value terms, aluminium; alloys, hollow profiles imports dropped markedly to $3.8M in 2022. Over the period under review, imports recorded a significant curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 14%.
| Import of Aluminium; Alloys, Hollow Profiles in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.4 | 14.1 | 14.8 | 3.4 | -35.0% |
| Philippines | 0.3 | 0.4 | N/A | N/A | 33.3% |
| Others | 0.4 | 0.3 | 0.4 | 0.4 | 0.0% |
| Total | 13.0 | 14.8 | 15.2 | 3.8 | -33.6% |
Top Suppliers of Aluminium; Alloys, Hollow Profiles to Hong Kong SAR in 2022:
- China (1325.0 tons)
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