Hong Kong SAR, China - Iron Or Steel Wool - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Wool Price in Hong Kong SAR - 2023
Contents:
- Metal Wool Price in Hong Kong SAR (CIF) - 2023
- Metal Wool Price in Hong Kong SAR (FOB) - 2022
- Metal Wool Imports in Hong Kong SAR
- Metal Wool Exports in Hong Kong SAR
Metal Wool Price in Hong Kong SAR (CIF) - 2023
In August 2023, the average metal wool import price amounted to $26,148 per ton, jumping by 27% against the previous month. In general, the import price, however, recorded a abrupt contraction. The pace of growth appeared the most rapid in October 2022 an increase of 494% m-o-m. The import price peaked at $79,437 per ton in August 2022; however, from September 2022 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($127K per ton), while the price for Japan ($12,520 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Malaysia (+2.2%), while the prices for the other major suppliers experienced a decline.
Metal Wool Price in Hong Kong SAR (FOB) - 2022
The average metal wool export price stood at $11,540 per ton in 2022, with an increase of 122% against the previous year. Over the period under review, the export price, however, saw a pronounced descent. The export price peaked at $31,860 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($92,270 per ton), while the average price for exports to Macao SAR ($4,147 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 Germany (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Wool Imports in Hong Kong SAR
Metal wool imports into Hong Kong SAR soared to 350 tons in 2022, picking up by 113% against the previous year. Overall, imports posted a resilient expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, metal wool imports soared to $2.8M in 2022. In general, imports, however, recorded a relatively flat trend pattern.
| Import of Metal Wool in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,709 | 2,530 | 1,611 | 2,065 | 6.5% |
| China | 597 | 513 | 234 | 513 | -4.9% |
| Japan | 200 | 76.0 | 85.5 | 117 | -16.4% |
| Others | 364 | 225 | 81.8 | 149 | -25.8% |
| Total | 2,871 | 3,343 | 2,012 | 2,845 | -0.3% |
Top Suppliers of Metal Wool to Hong Kong SAR in 2022:
- China (316.3 tons)
- Germany (15.8 tons)
- Japan (9.1 tons)
Metal Wool Exports in Hong Kong SAR
In 2022, approx. 123 tons of iron or steel wool were exported from Hong Kong SAR; with a decrease of -9.9% against the year before. Overall, exports, however, recorded a resilient expansion. The growth pace was the most rapid in 2021 with an increase of 175% against the previous year. As a result, the exports reached the peak of 137 tons, and then reduced in the following year.
In value terms, metal wool exports surged to $1.4M in 2022. In general, exports faced a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 122%.
| Export of Metal Wool in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,748 | 27.1 | 52.8 | 686 | -26.8% |
| China | 334 | 237 | 575 | 409 | 7.0% |
| Germany | 316 | 12.8 | 18.2 | 244 | -8.3% |
| Macao SAR | 41.7 | 21.8 | 15.6 | 31.9 | -8.5% |
| Others | 167 | 21.5 | 48.7 | 52.1 | -32.2% |
| Total | 2,607 | 321 | 710 | 1,423 | -18.3% |
Top Export Markets for Metal Wool from Hong Kong SAR in 2022:
- China (88.7 tons)
- Germany (16.8 tons)
- Macao SAR (7.7 tons)
- United States (7.4 tons)
This report provides an in-depth analysis of the metal wool 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 25991280 - Iron or steel wool, pot scourers and scouring or polishing pads, and gloves and the like
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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