Hong Kong SAR, China - Iron Or Steel Washers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Washer Price in Hong Kong SAR - 2023
Contents:
- Metal Washer Price in Hong Kong SAR (CIF) - 2023
- Metal Washer Price in Hong Kong SAR (FOB) - 2022
- Metal Washer Imports in Hong Kong SAR
- Metal Washer Exports in Hong Kong SAR
Metal Washer Price in Hong Kong SAR (CIF) - 2023
The average metal washer import price stood at $4,628 per ton in June 2023, increasing by 2.9% against the previous month. Overall, the import price, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in August 2022 an increase of 133% month-to-month. Over the period under review, average import prices hit record highs at $17,659 per ton in January 2023; however, from February 2023 to June 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($17,993 per ton), while the price for China stood at $2,147 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (-3.8%).
Metal Washer Price in Hong Kong SAR (FOB) - 2022
The average metal washer export price stood at $44,229 per ton in 2022, increasing by 9.5% against the previous year. Over the period under review, export price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal washer export price increased by +15.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 53% against the previous year. As a result, the export price attained the peak level of $69,111 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($137,941 per ton), while the average price for exports to the United States ($19,037 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 (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Washer Imports in Hong Kong SAR
In 2022, approx. 711 tons of iron or steel washers were imported into Hong Kong SAR; waning by -49.6% compared with the previous year's figure. In general, imports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 when imports increased by 80% against the previous year. As a result, imports attained the peak of 1.4K tons, and then dropped sharply in the following year.
In value terms, metal washer imports contracted rapidly to $9.4M in 2022. Over the period under review, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2020 when imports increased by 45%. As a result, imports reached the peak of $17M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Metal Washer in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.3 | 3.6 | 6.5 | 3.2 | -9.4% |
| Japan | 1.7 | 1.7 | 2.0 | 1.1 | -13.5% |
| Taiwan (Chinese) | 0.3 | 0.4 | 0.5 | 0.3 | 0.0% |
| Others | 5.3 | 11.1 | 5.5 | 4.9 | -2.6% |
| Total | 11.6 | 16.8 | 14.5 | 9.4 | -6.8% |
Top Suppliers of Metal Washer to Hong Kong SAR in 2022:
- China (598.4 tons)
- Japan (73.2 tons)
- Taiwan (Chinese) (14.3 tons)
Metal Washer Exports in Hong Kong SAR
In 2022, shipments abroad of iron or steel washers decreased by -38.6% to 200 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2020 when exports increased by 31%. As a result, the exports attained the peak of 411 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, metal washer exports reduced remarkably to $8.9M in 2022. Overall, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2020 with an increase of 10%. As a result, the exports reached the peak of $16M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
| Export of Metal Washer in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.8 | 11.7 | 7.9 | 4.5 | -20.0% |
| Japan | 1.1 | 1.0 | 1.4 | 0.7 | -14.0% |
| Singapore | 0.7 | 0.5 | 0.6 | 0.5 | -10.6% |
| United States | 1.2 | 0.4 | 0.5 | 0.4 | -30.7% |
| Vietnam | 0.6 | 0.5 | 0.3 | 0.3 | -20.6% |
| Mexico | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Others | 1.8 | 1.5 | 2.3 | 2.2 | 6.9% |
| Total | 14.3 | 15.8 | 13.2 | 8.9 | -14.6% |
Top Export Markets for Metal Washer from Hong Kong SAR in 2022:
- China (137.9 tons)
- United States (18.8 tons)
- Japan (5.7 tons)
- Mexico (5.6 tons)
- Singapore (3.9 tons)
- Vietnam (3.9 tons)
This report provides an in-depth analysis of the metal washer 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 25941230 - Iron or steel washers (excluding spring washers and other lock washers)
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
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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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