Price for Chain and Parts Thereof, of Iron or Steel in Hong Kong SAR - 2023
Contents:
- Price for Chain and Parts Thereof, of Iron or Steel in Hong Kong SAR (CIF) - 2022
- Price for Chain and Parts Thereof, of Iron or Steel in Hong Kong SAR (FOB) - 2022
- Imports of Chain and Parts Thereof, of Iron or Steel in Hong Kong SAR
- Exports of Chain and Parts Thereof, of Iron or Steel in Hong Kong SAR
Price for Chain and Parts Thereof, of Iron or Steel in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for chain and parts thereof, of iron or steel amounted to $6,081 per ton, jumping by 25% against the previous year. Over the period under review, the import price showed a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($11,355 per ton), while the price for China ($3,741 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Chain and Parts Thereof, of Iron or Steel in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for chain and parts thereof, of iron or steel amounted to $15,687 per ton, falling by -5.3% against the previous year. Overall, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2019 an increase of 100%. The export price peaked at $16,572 per ton in 2021, and then declined in the following year.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($190,769 per ton), while the average price for exports to Mexico ($4,916 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 Italy (+40.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain and Parts Thereof, of Iron or Steel in Hong Kong SAR
Imports of chain and parts thereof, of iron or steel into Hong Kong SAR contracted rapidly to 1.1K tons in 2022, dropping by -38.4% on 2021 figures. Over the period under review, imports showed a dramatic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 5.5% against the previous year.
In value terms, imports of chain and parts thereof, of iron or steel shrank remarkably to $6.6M in 2022. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 24%. As a result, imports attained the peak of $8.6M, and then fell significantly in the following year.
| Import of Chain and Parts Thereof, of Iron or Steel in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.4 | 2.6 | 3.1 | 2.5 | -9.7% |
| Japan | 2.6 | 2.2 | 3.5 | 2.1 | -6.9% |
| Italy | 0.3 | 0.4 | 0.3 | 0.6 | 26.0% |
| Germany | 0.3 | 0.4 | 0.4 | 0.5 | 18.6% |
| Others | 1.6 | 1.4 | 1.3 | 0.9 | -17.5% |
| Total | 8.3 | 7.0 | 8.6 | 6.6 | -7.4% |
Top Suppliers of Chain and Parts Thereof, of Iron or Steel to Hong Kong SAR in 2022:
- China (673.4 tons)
- Japan (199.2 tons)
- Italy (92.8 tons)
- Germany (76.4 tons)
Exports of Chain and Parts Thereof, of Iron or Steel in Hong Kong SAR
Exports of chain and parts thereof, of iron or steel from Hong Kong SAR shrank significantly to 192 tons in 2022, falling by -36.6% on 2021. Over the period under review, exports faced a deep contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 3.2%.
In value terms, exports of chain and parts thereof, of iron or steel reduced markedly to $3.1M in 2022. In general, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year.
| Export of Chain and Parts Thereof, of Iron or Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,022 | 951 | 1,545 | 966 | -1.9% |
| Italy | 588 | 1,234 | 1,735 | 770 | 9.4% |
| United States | 215 | 155 | 491 | 412 | 24.2% |
| India | 367 | 271 | 449 | 279 | -8.7% |
| France | 30.5 | 21.4 | 64.9 | 117 | 56.5% |
| Vietnam | 178 | 386 | 325 | 85.4 | -21.7% |
| Mexico | 12.5 | 16.7 | 64.9 | 84.4 | 89.0% |
| Cambodia | 125 | 104 | 0.3 | 74.2 | -16.0% |
| United Kingdom | 43.2 | 30.1 | 25.3 | 46.8 | 2.7% |
| Canada | 2.4 | 2.6 | 5.3 | 29.4 | 130.5% |
| Sweden | 25.2 | 58.7 | 41.9 | 27.9 | 3.5% |
| Macao SAR | 24.5 | 41.1 | 18.2 | 27.9 | 4.4% |
| Australia | 7.0 | 14.8 | 29.6 | 15.0 | 28.9% |
| Others | 707 | 998 | 223 | 204 | -33.9% |
| Total | 3,347 | 4,284 | 5,019 | 3,139 | -2.1% |
Top Export Markets for Chain and Parts Thereof, of Iron or Steel from Hong Kong SAR in 2022:
- United States (68.5 tons)
- China (33.2 tons)
- Mexico (17.2 tons)
- Cambodia (14.1 tons)
- Vietnam (13.0 tons)
- Macao SAR (5.7 tons)
- India (5.2 tons)
- France (5.0 tons)
- Sweden (4.8 tons)
- Canada (4.2 tons)
- Italy (4.0 tons)
- United Kingdom (3.1 tons)
- Australia (3.0 tons)
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