Hong Kong SAR, China - Aluminium Bars, Rods And Profiles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingAluminium Bar Price in Hong Kong SAR - 2023
Contents:
- Aluminium Bar Price in Hong Kong SAR (FOB) - 2023
- Aluminium Bar Price in Hong Kong SAR (CIF) - 2022
- Aluminium Bar Exports in Hong Kong SAR
- Aluminium Bar Imports in Hong Kong SAR
Aluminium Bar Price in Hong Kong SAR (FOB) - 2023
The average aluminium bar export price stood at $7,020 per ton in June 2023, reducing by -9% against the previous month. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 40% m-o-m. As a result, the export price reached the peak level of $15,380 per ton. From November 2022 to June 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In June 2023, the country with the highest price was China ($7,391 per ton), while the average price for exports to Lithuania stood at $3,327 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+116.8%), while the prices for the other major destinations experienced a decline.
Aluminium Bar Price in Hong Kong SAR (CIF) - 2022
In 2022, the average aluminium bar import price amounted to $4,402 per ton, remaining relatively unchanged against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average import price increased by 12% against the previous year. Over the period under review, average import prices reached the peak figure at $4,458 per ton in 2021, and then declined modestly in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($11,764 per ton), while the price for the Philippines ($2,624 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Bar Exports in Hong Kong SAR
After three years of growth, overseas shipments of aluminium bars, rods and profiles decreased by -2.8% to 6.3K tons in 2022. The total export volume increased at an average annual rate of +10.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 30% against the previous year.
In value terms, aluminium bar exports shrank to $33M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 41%.
| Export of Aluminium Bar in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 4.2 | 8.9 | 10.3 | 10.4 | 35.3% |
| China | 10.2 | 11.9 | 9.7 | 10.1 | -0.3% |
| Israel | 2.7 | 4.9 | 3.2 | 3.4 | 8.0% |
| Morocco | N/A | 0.3 | 1.2 | 1.2 | 100.0% |
| Brazil | 0.5 | 0.9 | 1.7 | 1.0 | 26.0% |
| South Africa | 0.1 | 0.3 | 1.2 | 1.0 | 115.4% |
| Cambodia | 0.1 | 0.1 | 0.2 | 0.7 | 91.3% |
| Costa Rica | N/A | 0.2 | 0.3 | 0.3 | 22.5% |
| Others | 4.0 | 3.4 | 8.0 | 5.1 | 8.4% |
| Total | 21.9 | 30.8 | 35.8 | 33.3 | 15.0% |
Top Export Markets for Aluminium Bar from Hong Kong SAR in 2022:
- China (1771.3 tons)
- Thailand (1739.9 tons)
- Israel (717.7 tons)
- South Africa (349.9 tons)
- Morocco (255.7 tons)
- Brazil (144.0 tons)
- Cambodia (122.1 tons)
- Costa Rica (96.7 tons)
Aluminium Bar Imports in Hong Kong SAR
In 2022, aluminium bar imports into Hong Kong SAR contracted to 7K tons, waning by -6.6% against 2021. Overall, imports saw a perceptible contraction. The pace of growth was the most pronounced in 2021 when imports increased by 16%.
In value terms, aluminium bar imports contracted to $31M in 2022. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 18% against the previous year. As a result, imports reached the peak of $33M, and then declined in the following year.
| Import of Aluminium Bar in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 20.2 | 18.5 | 18.0 | 20.0 | -0.3% |
| Taiwan (Chinese) | 3.9 | 3.5 | 1.5 | 2.8 | -10.5% |
| Singapore | 0.7 | 1.1 | 2.1 | 2.3 | 48.7% |
| Bahrain | 1.0 | 1.1 | 1.0 | 1.2 | 6.3% |
| Philippines | 0.7 | 0.8 | 0.6 | 0.7 | 0.0% |
| Japan | 1.4 | 0.8 | 2.3 | 0.5 | -29.1% |
| Others | 2.3 | 2.5 | 8.0 | 3.3 | 12.8% |
| Total | 30.1 | 28.2 | 33.4 | 30.8 | 0.8% |
Top Suppliers of Aluminium Bar to Hong Kong SAR in 2022:
- China (5.0K tons)
- Singapore (0.6K tons)
- Taiwan (Chinese) (0.5K tons)
- Philippines (0.3K tons)
- Bahrain (0.2K tons)
- Japan (0.1K tons)
This report provides an in-depth analysis of the aluminium bar 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 24422230 - Aluminium bars, rods and profiles (excluding rods and profiles prepared for use in structures)
- Prodcom 24422250 - Aluminium alloy bars, rods, profiles and hollow profiles (excluding rods and profiles prepared for use in structures)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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