Hong Kong SAR, China - Hot-Rolled Bars Of Silico-Manganese Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Silico-Manganese Steel Bar in Hong Kong SAR - 2023
Contents:
- Price for Hot-Rolled Silico-Manganese Steel Bar in Hong Kong SAR (FOB) - 2022
- Price for Hot-Rolled Silico-Manganese Steel Bar in Hong Kong SAR (CIF) - 2022
- Exports of Hot-Rolled Silico-Manganese Steel Bar in Hong Kong SAR
- Imports of Hot-Rolled Silico-Manganese Steel Bar in Hong Kong SAR
Price for Hot-Rolled Silico-Manganese Steel Bar in Hong Kong SAR (FOB) - 2022
In 2022, the average hot-rolled silico-manganese steel bar export price amounted to $486 per ton, waning by -1.8% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 109% against the previous year. As a result, the export price attained the peak level of $1,091 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($644 per ton), while the average price for exports to China stood at $457 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (-1.6%), while the prices for the other major destinations experienced a decline.
Price for Hot-Rolled Silico-Manganese Steel Bar in Hong Kong SAR (CIF) - 2022
In 2022, the average hot-rolled silico-manganese steel bar import price amounted to $377 per ton, remaining constant against the previous year. Overall, the import price saw a deep setback. The pace of growth was the most pronounced in 2016 an increase of 89% against the previous year. As a result, import price reached the peak level of $3,344 per ton. From 2017 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($40,634 per ton), while the price for Russia stood at $297 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+43.6%).
Exports of Hot-Rolled Silico-Manganese Steel Bar in Hong Kong SAR
After three years of growth, shipments abroad of hot-rolled bars of silico-manganese steel decreased by -20.9% to 1.2K tons in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 573% against the previous year.
In value terms, hot-rolled silico-manganese steel bar exports fell notably to $577K in 2022. In general, exports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of 429%.
| Export of Hot-Rolled Silico-Manganese Steel Bar in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.5 | 306 | 609 | 459 | 146.9% |
| Malaysia | 46.2 | 103 | 132 | 116 | 35.9% |
| Others | 0.9 | 1.9 | 2.5 | 1.7 | 23.6% |
| Total | 77.6 | 410 | 743 | 577 | 95.2% |
Top Export Markets for Hot-Rolled Silico-Manganese Steel Bar from Hong Kong SAR in 2022:
- China (1004.8 tons)
- Malaysia (180.3 tons)
Imports of Hot-Rolled Silico-Manganese Steel Bar in Hong Kong SAR
After three years of growth, overseas purchases of hot-rolled bars of silico-manganese steel decreased by -6.7% to 492 tons in 2022. Overall, imports, however, enjoyed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 196% against the previous year.
In value terms, hot-rolled silico-manganese steel bar imports shrank to $186K in 2022. The total import value increased at an average annual rate of +11.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 28% against the previous year.
| Import of Hot-Rolled Silico-Manganese Steel Bar in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 39.2 | 131 | 156 | 145 | 54.7% |
| Others | 93.7 | 39.0 | 45.1 | 40.4 | -24.5% |
| Total | 133 | 170 | 202 | 186 | 11.8% |
Top Suppliers of Hot-Rolled Silico-Manganese Steel Bar to Hong Kong SAR in 2022:
- Russia (489.5 tons)
This report provides an in-depth analysis of the market for hot-rolled silico-manganese steel bar 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 24106620 - Hot-rolled bars of silico-manganese 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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