Report Update: Apr 1, 2024

Hong Kong SAR, China - Iron Or Steel Expanded Metal - Market Analysis, Forecast, Size, Trends And Insights

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Expanded Metal Price in Hong Kong SAR - 2023

Expanded Metal Price in Hong Kong SAR (CIF) - 2023

In September 2023, the average expanded metal import price amounted to $1,327 per ton, with a decrease of -3.3% against the previous month. Overall, the import price showed a abrupt setback. The most prominent rate of growth was recorded in February 2023 an increase of 75% against the previous month. The import price peaked at $3,472 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($1,520 per ton), while the price for Taiwan (Chinese) amounted to $918 per ton.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (-7.4%).

Expanded Metal Price in Hong Kong SAR (FOB) - 2022

The average expanded metal export price stood at $4,973 per ton in 2022, which is down by -48.4% against the previous year. Over the period under review, the export price showed a mild contraction. The most prominent rate of growth was recorded in 2020 when the average export price increased by 84% against the previous year. The export price peaked at $9,643 per ton in 2021, and then declined dramatically 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 Mexico ($34,172 per ton), while the average price for exports to Macao SAR ($1,661 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 Australia (+21.2%), while the prices for the other major destinations experienced more modest paces of growth.

Expanded Metal Imports in Hong Kong SAR

In 2022, the amount of iron or steel expanded metal imported into Hong Kong SAR contracted to 716 tons, waning by -9.3% compared with 2021. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year.

In value terms, expanded metal imports fell to $1.2M in 2022. In general, imports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2021 with an increase of 17%. As a result, imports reached the peak of $1.4M, and then contracted in the following year.

Import of Expanded Metal in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	799	738	1,068	894	3.8%
Taiwan (Chinese)	494	396	257	246	-20.7%
South Korea	22.9	N/A	46.3	N/A	42.2%
Others	25.7	63.5	30.9	61.9	34.0%
Total	1,341	1,198	1,403	1,202	-3.6%

Top Suppliers of Expanded Metal to Hong Kong SAR in 2022:

China (601.9 tons)
Taiwan (Chinese) (112.7 tons)

Expanded Metal Exports in Hong Kong SAR

After two years of decline, shipments abroad of iron or steel expanded metal increased by 209% to 39 tons in 2022. In general, exports, however, continue to indicate a abrupt contraction.

In value terms, expanded metal exports skyrocketed to $196K in 2022. Over the period under review, exports, however, saw a abrupt downturn.

Export of Expanded Metal in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	45.1	114	85.6	67.9	14.6%
Guam	62.0	46.4	13.1	54.8	-4.0%
Macao SAR	1.5	N/A	2.5	35.4	186.8%
United States	23.7	10.9	11.3	34.4	13.2%
Australia	68.1	N/A	N/A	0.1	-88.6%
Saudi Arabia	35.4	N/A	N/A	N/A	0%
Others	2.4	15.0	10.2	3.3	11.2%
Total	238	187	123	196	-6.3%

Top Export Markets for Expanded Metal from Hong Kong SAR in 2022:

Australia (undefined tons)
Macao SAR (21.3 tons)
Guam (11.0 tons)
United States (4.4 tons)
China (2.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the expanded metal 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 25931350 - Iron or steel expanded metal

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
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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