Hong Kong SAR, China - Hot-Rolled Wire Rod In Coil Of Stainless Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled Wire Stainless Steel Rod in Hong Kong SAR - 2023
Contents:
- Price for Hot-Rolled Wire Stainless Steel Rod in Hong Kong SAR (CIF) - 2022
- Price for Hot-Rolled Wire Stainless Steel Rod in Hong Kong SAR (FOB) - 2023
- Imports of Hot-Rolled Wire Stainless Steel Rod in Hong Kong SAR
- Exports of Hot-Rolled Wire Stainless Steel Rod in Hong Kong SAR
Price for Hot-Rolled Wire Stainless Steel Rod in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for hot-rolled wire rod in coil of stainless steel amounted to $4,745 per ton, with an increase of 29% against the previous year. Overall, the import price showed a strong increase. The pace of growth was the most pronounced in 2020 when the average import price increased by 111% against the previous year. The import price peaked in 2022 and is likely to see steady 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 Italy ($4,801 per ton), while the price for China amounted to $1,930 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+43.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Hot-Rolled Wire Stainless Steel Rod in Hong Kong SAR (FOB) - 2023
In June 2023, the average export price for hot-rolled wire rod in coil of stainless steel amounted to $4,689 per ton, flattening at the previous month. Overall, the export price saw a abrupt slump. As a result, the export price reached the peak level of $8,430 per ton. From December 2022 to June 2023, the the average export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for China.
From November 2022 to June 2023, the rate of growth in terms of prices for China amounted to -8.0% per month.
Imports of Hot-Rolled Wire Stainless Steel Rod in Hong Kong SAR
For the fourth consecutive year, Hong Kong SAR recorded growth in supplies from abroad of hot-rolled wire rod in coil of stainless steel, which increased by 55% to 809 tons in 2022. Overall, imports posted a significant increase. The growth pace was the most rapid in 2021 with an increase of 1,534%. Over the period under review, imports attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, hot-rolled wire stainless steel rod imports surged to $3.8M in 2022. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 1,675% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in the near future.
| Import of Hot-Rolled Wire Stainless Steel Rod in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | N/A | N/A | 1,554 | 3,807 | 145.0% |
| China | 49.5 | 12.9 | 361 | 30.6 | -14.8% |
| Japan | N/A | 95.0 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 49.5 | 108 | 1,915 | 3,838 | 326.4% |
Top Suppliers of Hot-Rolled Wire Stainless Steel Rod to Hong Kong SAR in 2022:
- Italy (793.0 tons)
- China (15.8 tons)
Exports of Hot-Rolled Wire Stainless Steel Rod in Hong Kong SAR
In 2022, the amount of hot-rolled wire rod in coil of stainless steel exported from Hong Kong SAR skyrocketed to 124 tons, picking up by 18% against 2021 figures. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 324% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, hot-rolled wire stainless steel rod exports skyrocketed to $401K in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 253%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Hot-Rolled Wire Stainless Steel Rod in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 118 | 95.0 | 336 | 401 | 50.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 118 | 95.0 | 336 | 401 | 50.3% |
Top Export Markets for Hot-Rolled Wire Stainless Steel Rod from Hong Kong SAR in 2022:
- China (123.8 tons)
This report provides an in-depth analysis of the market for hot-rolled wire stainless steel 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 24106300 - Hot-rolled wire rod in coil, of stainless 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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