Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Hong Kong SAR - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Hong Kong SAR (CIF) - 2022
- Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Hong Kong SAR (FOB) - 2022
- Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Hong Kong SAR
- Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Hong Kong SAR
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Hong Kong SAR (CIF) - 2022
The average import price for iron or non-alloy steel wire, plated or coated with zincs stood at $982 per ton in 2022, reducing by -3.7% against the previous year. In general, the import price continues to indicate a slight reduction. The pace of growth was the most pronounced in 2017 an increase of 76%. As a result, import price reached the peak level of $1,190 per ton. From 2018 to 2022, the average import prices failed to regain momentum.
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 South Korea ($2,666 per ton), while the price for China ($778 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for iron or non-alloy steel wire, plated or coated with zincs amounted to $5,273 per ton, growing by 96% against the previous year. Overall, the export price posted a prominent expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($13,819 per ton), while the average price for exports to Macao SAR ($1,959 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 Guam (+24.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas purchases of iron or non-alloy steel wire, plated or coated with zincs, which decreased by -54.9% to 498 tons in 2022. Over the period under review, imports faced a sharp shrinkage. The smallest decline of -11.4% was in 2020.
In value terms, imports of iron or non-alloy steel wire, plated or coated with zincs plummeted to $489K in 2022. In general, imports continue to indicate a significant decline. The growth pace was the most rapid in 2021 with an increase of 1.6% against the previous year.
| Import of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 847 | 853 | 797 | 291 | -30.0% |
| Turkey | 56.6 | 60.7 | 94.1 | 72.3 | 8.5% |
| United Kingdom | 76.5 | 56.5 | 31.2 | 41.4 | -18.5% |
| Malaysia | 84.5 | 19.2 | N/A | 17.8 | -40.5% |
| South Korea | 128 | 50.3 | 118 | 17.6 | -48.4% |
| Cambodia | 137 | N/A | N/A | N/A | 0% |
| Others | 163 | 68.6 | 85.1 | 48.7 | -33.1% |
| Total | 1,493 | 1,108 | 1,126 | 489 | -31.1% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc to Hong Kong SAR in 2022:
- China (374.3 tons)
- Turkey (75.8 tons)
- United Kingdom (19.3 tons)
- Malaysia (17.2 tons)
- South Korea (6.6 tons)
Exports of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Hong Kong SAR
In 2022, exports of iron or non-alloy steel wire, plated or coated with zincs from Hong Kong SAR declined rapidly to 21 tons, waning by -75.4% compared with 2021 figures. In general, exports showed a sharp decrease. The pace of growth was the most pronounced in 2021 with an increase of 16% against the previous year.
In value terms, exports of iron or non-alloy steel wire, plated or coated with zincs reduced rapidly to $113K in 2022. Overall, exports showed a sharp downturn. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year.
| Export of Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 206 | 140 | 169 | 77.2 | -27.9% |
| Macao SAR | 26.1 | 36.8 | 24.9 | 23.3 | -3.7% |
| Guam | N/A | N/A | 4.4 | 11.5 | 161.4% |
| Philippines | 11.2 | 12.6 | 36.1 | 1.1 | -53.9% |
| Others | 12.3 | 1.5 | 0.2 | 0.2 | -74.7% |
| Total | 256 | 191 | 234 | 113 | -23.9% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Plated or Coated with Zinc from Hong Kong SAR in 2022:
- Macao SAR (11.9 tons)
- China (5.6 tons)
- Guam (3.9 tons)
- Philippines (0.1 tons)
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This report provides an in-depth analysis of the market for iron and steel wire in Hong Kong SAR, China.
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This report provides an in-depth analysis of the market for iron and steel wire in Hong Kong SAR, China.
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