Hong Kong SAR, China - Ribbed Or Other Deformed Wire Rod Of Non-Alloy Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Deformed Non-Alloy Steel Wire Rod in Hong Kong SAR - 2023
Contents:
- Price for Deformed Non-Alloy Steel Wire Rod in Hong Kong SAR (CIF) - 2022
- Price for Deformed Non-Alloy Steel Wire Rod in Hong Kong SAR (FOB) - 2022
- Imports of Deformed Non-Alloy Steel Wire Rod in Hong Kong SAR
- Exports of Deformed Non-Alloy Steel Wire Rod in Hong Kong SAR
Price for Deformed Non-Alloy Steel Wire Rod in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for ribbed or other deformed wire rod of non-alloy steel amounted to $834 per ton, therefore, remained relatively stable against the previous year. In general, the import price recorded a noticeable decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 103% against the previous year. The import price peaked at $3,075 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($987 per ton), while the price for Turkey ($794 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+33.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Deformed Non-Alloy Steel Wire Rod in Hong Kong SAR (FOB) - 2022
The average export price for ribbed or other deformed wire rod of non-alloy steel stood at $371 per ton in 2022, rising by 9.1% against the previous year. Overall, the export price, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 57% against the previous year. As a result, the export price reached the peak level of $1,746 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($596 per ton), while the average price for exports to Singapore ($334 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 Namibia (+48.2%), while the prices for the other major destinations experienced a decline.
Imports of Deformed Non-Alloy Steel Wire Rod in Hong Kong SAR
In 2022, the amount of ribbed or other deformed wire rod of non-alloy steel imported into Hong Kong SAR shrank significantly to 2.9K tons, with a decrease of -65.3% against the previous year. Over the period under review, imports faced a sharp shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 80%. As a result, imports reached the peak of 8.4K tons, and then shrank notably in the following year.
In value terms, deformed non-alloy steel wire rod imports declined sharply to $2.4M in 2022. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 154% against the previous year. As a result, imports reached the peak of $7.1M, and then reduced remarkably in the following year.
| Import of Deformed Non-Alloy Steel Wire Rod in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 293 | 381 | 382 | 2,112 | 93.2% |
| Turkey | 240 | 113 | 159 | 229 | -1.6% |
| China | 146 | 160 | 73.0 | 90.9 | -14.6% |
| Spain | 792 | 885 | 820 | N/A | 1.8% |
| South Korea | 2,069 | 406 | 252 | N/A | -65.1% |
| United Kingdom | 260 | 168 | 195 | N/A | -13.4% |
| Italy | N/A | 639 | 388 | N/A | -39.3% |
| Saudi Arabia | N/A | N/A | 3,405 | N/A | 0% |
| Others | 63.6 | 35.0 | 1,415 | N/A | 371.7% |
| Total | 3,864 | 2,786 | 7,089 | 2,433 | -14.3% |
Top Suppliers of Deformed Non-Alloy Steel Wire Rod to Hong Kong SAR in 2022:
- Singapore (2535.4 tons)
- Turkey (288.6 tons)
- China (92.2 tons)
Exports of Deformed Non-Alloy Steel Wire Rod in Hong Kong SAR
After three years of growth, shipments abroad of ribbed or other deformed wire rod of non-alloy steel decreased by -27% to 2.1K tons in 2022. Overall, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 119% against the previous year. As a result, the exports reached the peak of 2.9K tons, and then fell significantly in the following year.
In value terms, deformed non-alloy steel wire rod exports shrank notably to $786K in 2022. In general, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 69% against the previous year. As a result, the exports attained the peak of $987K, and then declined sharply in the following year.
| Export of Deformed Non-Alloy Steel Wire Rod in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 261 | 16.6 | 77.3 | 599 | 31.9% |
| China | 169 | 6.4 | 24.2 | 151 | -3.7% |
| Fiji | N/A | N/A | N/A | 29.1 | 0% |
| Ethiopia | N/A | 561 | 881 | N/A | 57.0% |
| Others | 20.6 | 0.7 | 4.5 | 6.7 | -31.2% |
| Total | 450 | 585 | 987 | 786 | 20.4% |
Top Export Markets for Deformed Non-Alloy Steel Wire Rod from Hong Kong SAR in 2022:
- Singapore (1796.2 tons)
- China (253.5 tons)
- Fiji (64.3 tons)
This report provides an in-depth analysis of the market for deformed non-alloy steel wire rod 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 24106110 - Ribbed or other deformed wire rod (of non-alloy steel)
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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