Report Update: May 1, 2024

Hong Kong SAR, China - Aluminium Alloy Wire - Market Analysis, Forecast, Size, Trends And Insights

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Aluminium Alloy Wire Price in Hong Kong SAR - 2023

Aluminium Alloy Wire Price in Hong Kong SAR (CIF) - 2022

The average aluminium alloy wire import price stood at $7,368 per ton in 2022, flattening at the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 an increase of 30%. The import price peaked at $7,368 per ton in 2021, and then reduced modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($56,619 per ton), while the price for Italy ($5,906 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+21.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Aluminium Alloy Wire Price in Hong Kong SAR (FOB) - 2022

In 2022, the average aluminium alloy wire export price amounted to $8,560 per ton, with an increase of 8% against the previous year. In general, the export price recorded a notable expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 80%. The export price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($10,596 per ton), while the average price for exports to China ($6,820 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Alloy Wire Imports in Hong Kong SAR

In 2022, purchases abroad of aluminium alloy wire decreased by -71% to 15 tons, falling for the second consecutive year after two years of growth. Overall, imports showed a sharp decline. The pace of growth appeared the most rapid in 2020 when imports increased by 3.1% against the previous year. As a result, imports reached the peak of 354 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, aluminium alloy wire imports contracted sharply to $112K in 2022. In general, imports recorded a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, imports attained the peak of $2.6M. From 2021 to 2022, the growth of imports failed to regain momentum.

Import of Aluminium Alloy Wire in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	207	528	58.5	36.2	-44.1%
Singapore	223	614	44.6	11.1	-63.2%
China	130	258	41.5	4.6	-67.2%
United States	941	85.9	21.5	2.8	-85.6%
Germany	0.6	N/A	N/A	1.3	29.4%
United Kingdom	N/A	111	N/A	N/A	0%
Japan	64.2	58.1	7.0	N/A	-67.0%
Taiwan (Chinese)	437	287	25.1	N/A	-76.0%
Canada	11.6	117	N/A	N/A	908.6%
Others	276	548	187	55.8	-41.3%
Total	2,291	2,607	385	112	-63.4%

Top Suppliers of Aluminium Alloy Wire to Hong Kong SAR in 2022:

Italy (6.1 tons)
China (0.6 tons)
United States (0.3 tons)
Singapore (0.2 tons)
Germany (0.1 tons)

Aluminium Alloy Wire Exports in Hong Kong SAR

After three years of growth, overseas shipments of aluminium alloy wire decreased by -82.6% to 36 tons in 2022. Over the period under review, exports saw a deep downturn. The pace of growth was the most pronounced in 2020 when exports increased by 100% against the previous year.

In value terms, aluminium alloy wire exports fell remarkably to $304K in 2022. In general, exports, however, continue to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 217%. As a result, the exports attained the peak of $1.6M, and then reduced sharply in the following year.

Export of Aluminium Alloy Wire in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Japan	66.7	147	253	184	40.2%
China	179	294	1,241	83.7	-22.4%
Vietnam	14.0	47.2	90.9	35.6	36.5%
Taiwan (Chinese)	15.6	20.7	19.8	N/A	12.7%
Others	5.3	2.3	14.6	0.8	-46.8%
Total	281	511	1,620	304	2.7%

Top Export Markets for Aluminium Alloy Wire from Hong Kong SAR in 2022:

Japan (19.9 tons)
China (12.3 tons)
Vietnam (3.4 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the aluminium alloy wire market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 24422350 - Aluminium alloy wire (excluding insulated electric wire and cable, twine and cordage reinforced with aluminium wire, s tranded wire and cables)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023