Hong Kong SAR, China - Hot-Rolled Non-Alloy Steel Wire Rods - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Non-Alloy Steel Wire Rod in Hong Kong SAR - 2023
Contents:
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Hong Kong SAR (CIF) - 2023
- Price for Hot-Rolled Non-Alloy Steel Wire Rod in Hong Kong SAR (FOB) - 2022
- Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Hong Kong SAR
- Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Hong Kong SAR
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Hong Kong SAR (CIF) - 2023
The average import price for hot-rolled non-alloy steel wire rods stood at $828 per ton in June 2023, surging by 3% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2022 when the average import price increased by 40% m-o-m. As a result, import price reached the peak level of $1,074 per ton. From November 2022 to June 2023, the average import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was China ($1,019 per ton), while the price for Singapore totaled $827 per ton.
From July 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Non-Alloy Steel Wire Rod in Hong Kong SAR (FOB) - 2022
The average export price for hot-rolled non-alloy steel wire rods stood at $551 per ton in 2022, reducing by -16.3% against the previous year. Over the period under review, the export price showed a perceptible decline. The growth pace was the most rapid in 2017 when the average export price increased by 48% against the previous year. The export price peaked at $846 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.
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 Malaysia ($1,752 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 Brunei Darussalam (+51.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled Non-Alloy Steel Wire Rod in Hong Kong SAR
In 2022, hot-rolled non-alloy steel wire rod imports into Hong Kong SAR shrank significantly to 14K tons, reducing by -43.3% on the year before. In general, imports saw a abrupt downturn. The pace of growth was the most pronounced in 2021 when imports increased by 64% against the previous year. As a result, imports reached the peak of 25K tons, and then declined markedly in the following year.
In value terms, hot-rolled non-alloy steel wire rod imports contracted dramatically to $12M in 2022. Overall, imports, however, saw a notable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 118% against the previous year. As a result, imports attained the peak of $18M, and then fell rapidly in the following year.
| Import of Hot-Rolled Non-Alloy Steel Wire Rod in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.3 | 0.4 | 2.1 | 6.0 | 171.4% |
| China | 4.7 | 4.8 | 6.1 | 2.0 | -24.8% |
| Malaysia | N/A | N/A | N/A | 1.6 | 0% |
| India | N/A | N/A | 2.7 | 0.8 | -70.4% |
| United Kingdom | 0.4 | 0.4 | 0.6 | 0.5 | 7.7% |
| Germany | 0.6 | 0.5 | 0.3 | 0.3 | -20.6% |
| Turkey | 0.2 | 0.1 | 0.2 | 0.2 | 0.0% |
| Spain | 0.8 | 0.9 | 0.8 | N/A | 0.0% |
| South Korea | 2.1 | 0.4 | 0.3 | N/A | -62.2% |
| United Arab Emirates | 1.1 | N/A | N/A | N/A | 0% |
| Italy | N/A | 0.6 | 0.4 | N/A | -33.3% |
| Saudi Arabia | N/A | N/A | 3.4 | N/A | 0% |
| Others | 0.5 | 0.3 | 1.6 | 0.2 | -26.3% |
| Total | 10.8 | 8.4 | 18.3 | 11.6 | 2.4% |
Top Suppliers of Hot-Rolled Non-Alloy Steel Wire Rod to Hong Kong SAR in 2022:
- Singapore (7.3K tons)
- China (2.6K tons)
- Malaysia (2.0K tons)
- India (1.0K tons)
- United Kingdom (0.5K tons)
- Turkey (0.3K tons)
- Germany (0.3K tons)
Exports of Hot-Rolled Non-Alloy Steel Wire Rod in Hong Kong SAR
In 2022, approx. 2.8K tons of hot-rolled non-alloy steel wire rods were exported from Hong Kong SAR; declining by -50.1% against 2021 figures. Overall, exports saw a precipitous decline. The smallest decline of -30.8% was in 2021.
In value terms, hot-rolled non-alloy steel wire rod exports shrank remarkably to $1.5M in 2022. In general, exports continue to indicate a precipitous descent. The smallest decline of -19.5% was in 2021.
| Export of Hot-Rolled Non-Alloy Steel Wire Rod in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 267 | 21.8 | 81.4 | 601 | 31.1% |
| India | 226 | 48.5 | 109 | 368 | 17.6% |
| China | 300 | 106 | 131 | 343 | 4.6% |
| Fiji | N/A | N/A | N/A | 81.0 | 0% |
| Indonesia | 1,020 | 2,758 | 383 | 1.9 | -87.7% |
| Benin | 3,503 | N/A | N/A | N/A | 0% |
| Guyana | 363 | 25.3 | N/A | N/A | -93.0% |
| Guatemala | 571 | 0.1 | N/A | N/A | -100.0% |
| Ethiopia | N/A | 561 | 881 | N/A | 57.0% |
| Brunei Darussalam | 423 | N/A | 470 | N/A | 5.4% |
| Tanzania | 517 | 915 | 0.1 | N/A | -98.6% |
| Brazil | 244 | N/A | 455 | N/A | 36.6% |
| Others | 404 | 131 | 1,167 | 141 | -29.6% |
| Total | 7,836 | 4,567 | 3,678 | 1,536 | -41.9% |
Top Export Markets for Hot-Rolled Non-Alloy Steel Wire Rod from Hong Kong SAR in 2022:
- Tanzania (undefined tons)
- Singapore (1798.9 tons)
- China (453.9 tons)
- India (367.4 tons)
- Fiji (109.0 tons)
- Indonesia (3.3 tons)
This report provides an in-depth analysis of the market for hot-rolled 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)
- Prodcom 24106120 - Wire rod of free-cutting steel
- Prodcom 24106130 - Wire rod used for concrete reinforcing (mesh/cold ribbed bars)
- Prodcom 24106140 - Wire rod for tyre cord
- Prodcom 24106190 - Other 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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