Report Update: Apr 1, 2024

Hong Kong SAR, China - Iron or Steel Cans For Food And Drink - Market Analysis, Forecast, Size, Trends and Insights

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Price for Iron or Steel Can in Hong Kong SAR - 2023

Price for Iron or Steel Can in Hong Kong SAR (CIF) - 2023

In September 2023, the average iron or steel can import price amounted to $2.4 per unit, with an increase of 7.7% against the previous month. Over the period under review, the import price, however, recorded a pronounced reduction. The pace of growth appeared the most rapid in March 2023 when the average import price increased by 38% month-to-month. Over the period under review, average import prices reached the maximum at $3.6 per unit in September 2022; however, from October 2022 to September 2023, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to -3.2% per month.

Price for Iron or Steel Can in Hong Kong SAR (FOB) - 2023

The average iron or steel can export price stood at $3.0 per unit in September 2023, declining by -8.8% against the previous month. Overall, the export price showed a abrupt downturn. The most prominent rate of growth was recorded in June 2023 an increase of 59% month-to-month. The export price peaked at $9.6 per unit in October 2022; however, from November 2022 to September 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was China ($7.1 per unit), while the average price for exports to India totaled $491 per thousand units.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+0.9%).

Imports of Iron or Steel Can in Hong Kong SAR

In 2022, iron or steel can imports into Hong Kong SAR shrank notably to 47M units, declining by -42.3% on 2021. In general, imports saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 16%. Imports peaked at 88M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, iron or steel can imports dropped sharply to $9.5M in 2022. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 72%. As a result, imports reached the peak of $16M, and then contracted dramatically in the following year.

Import of Iron or Steel Can in Hong Kong SAR (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	13.5	9.4	16.2	9.5	-11.1%
Others	N/A	N/A	N/A	N/A	0%
Total	13.5	9.4	16.2	9.5	-11.1%

Top Suppliers of Iron or Steel Can to Hong Kong SAR in 2022:

China (47.2M units)

Exports of Iron or Steel Can in Hong Kong SAR

Iron or steel can exports from Hong Kong SAR fell to 4.7M units in 2022, waning by -12.5% compared with the previous year's figure. Over the period under review, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 278% against the previous year. As a result, the exports reached the peak of 5.4M units, and then reduced in the following year.

In value terms, iron or steel can exports dropped to $2M in 2022. In general, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 343%. As a result, the exports reached the peak of $2.3M, and then declined in the following year.

Export of Iron or Steel Can in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	345	394	1,477	1,880	76.0%
Japan	109	104	772	143	9.5%
Others	12.7	11.2	3.9	24.3	24.1%
Total	466	509	2,253	2,047	63.8%

Top Export Markets for Iron or Steel Can from Hong Kong SAR in 2022:

China (4.2M units)
Japan (0.5M units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for iron or steel can 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 25921133 - Cans used for preserving food and drink of iron or steel, < .50 l, food cans
Prodcom 25921135 - Cans used for preserving food and drink of iron or steel, < .50 l, drinks
Prodcom 25921150 - Cans other than for preserving food and drink of iron or steel, < .50 l

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023