Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hong Kong SAR - 2022
Contents:
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hong Kong SAR (CIF) - 2022
- Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hong Kong SAR (FOB) - 2022
- Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hong Kong SAR
- Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hong Kong SAR
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hong Kong SAR (CIF) - 2022
The average import price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $17,080 per ton in 2022, with an increase of 392% against the previous year. Overall, the import price recorded a resilient increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +29.8% per year.
Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hong Kong SAR (FOB) - 2022
The average export price for aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms stood at $3,933 per ton in 2022, shrinking by -9.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.2%. The most prominent rate of growth was recorded in 2021 when the average export price increased by 42% against the previous year. As a result, the export price reached the peak level of $4,340 per ton, and then contracted in the following year.
Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($4,819 per ton), while the average price for exports to India ($3,370 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 Brazil (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hong Kong SAR
In 2022, approx. 1.3 tons of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms were imported into Hong Kong SAR; dropping by -99.6% against the year before. In general, imports showed a sharp decline. The most prominent rate of growth was recorded in 2021 when imports increased by 398%. As a result, imports reached the peak of 296 tons, and then dropped rapidly in the following year.
In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms reduced rapidly to $22K in 2022. Over the period under review, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 233%. As a result, imports attained the peak of $1M, and then fell remarkably in the following year.
| Import of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 21.7 | 0% |
| Japan | N/A | N/A | 1,027 | N/A | 0% |
| United States | 417 | 308 | N/A | N/A | -26.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 417 | 308 | 1,027 | 21.7 | -62.7% |
Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm to Hong Kong SAR in 2022:
- China (1.3 tons)
Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hong Kong SAR
In 2022, shipments abroad of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms decreased by -27% to 122 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 191%.
In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension exceeding 7mms dropped notably to $479K in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 209% against the previous year. As a result, the exports attained the peak of $723K, and then declined markedly in the following year.
| Export of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | N/A | N/A | 263 | 222 | -15.6% |
| India | N/A | 23.9 | 211 | 193 | 184.2% |
| Norway | N/A | N/A | N/A | 63.1 | 0% |
| Spain | 85.7 | 199 | 182 | N/A | 45.7% |
| Others | 1.3 | 11.5 | 66.5 | N/A | 615.2% |
| Total | 87.0 | 234 | 723 | 479 | 76.6% |
Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Exceeding 7mm from Hong Kong SAR in 2022:
- India (57.3 tons)
- Germany (46.1 tons)
- Norway (18.2 tons)
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