Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Hong Kong SAR - 2023
Contents:
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Hong Kong SAR (FOB) - 2022
- Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Hong Kong SAR (CIF) - 2022
- Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Hong Kong SAR
- Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Hong Kong SAR
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Hong Kong SAR (FOB) - 2022
The average export price for iron or steel; non-threaded cotters and cotter-pinses stood at $59,209 per ton in 2022, declining by -10.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 41%. As a result, the export price reached the peak level of $74,769 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($110,039 per ton), while the average price for exports to the United States ($34,873 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 Singapore (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for iron or steel; non-threaded cotters and cotter-pinses amounted to $69,358 per ton, picking up by 51% against the previous year. In general, the import price recorded resilient growth. The pace of growth appeared the most rapid in 2014 an increase of 318% against the previous year. Over the period under review, average import prices attained the peak figure at $96,001 per ton in 2015; however, from 2016 to 2022, 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 the United States ($398,161 per ton), while the price for the Philippines ($9,264 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+112.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Hong Kong SAR
In 2022, exports of iron or steel; non-threaded cotters and cotter-pinses from Hong Kong SAR skyrocketed to 136 tons, growing by 68% compared with the previous year's figure. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or steel; non-threaded cotters and cotter-pinses soared to $8M in 2022. In general, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.2 | 3.2 | 4.2 | 6.3 | 25.3% |
| United States | 0.3 | 0.2 | 0.4 | 0.8 | 38.7% |
| Mexico | N/A | 0.1 | N/A | N/A | 0% |
| Others | 0.6 | 0.7 | 0.7 | 0.9 | 14.5% |
| Total | 4.2 | 4.2 | 5.4 | 8.0 | 24.0% |
Top Export Markets for Iron or Steel; Non-Threaded Cotters and Cotter-Pins from Hong Kong SAR in 2022:
- China (98.3 tons)
- United States (24.1 tons)
- Mexico (0.8 tons)
Imports of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Hong Kong SAR
In 2022, imports of iron or steel; non-threaded cotters and cotter-pinses into Hong Kong SAR dropped rapidly to 46 tons, waning by -38.5% against the previous year. In general, imports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year.
In value terms, imports of iron or steel; non-threaded cotters and cotter-pinses dropped to $3.2M in 2022. Overall, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year.
| Import of Iron or Steel; Non-Threaded Cotters and Cotter-Pins in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,854 | 2,103 | 2,679 | 1,736 | -2.2% |
| Malaysia | N/A | N/A | 50.4 | 593 | 1076.6% |
| United States | 1,064 | 180 | 317 | 325 | -32.7% |
| Japan | 346 | 244 | 147 | 229 | -12.9% |
| France | 66.7 | 116 | 43.8 | 145 | 29.5% |
| Singapore | 65.8 | 75.2 | 21.1 | 60.2 | -2.9% |
| Germany | 108 | 59.1 | 76.1 | 38.6 | -29.0% |
| Taiwan (Chinese) | 66.7 | 74.3 | 13.7 | 14.9 | -39.3% |
| Philippines | 6.7 | 13.2 | N/A | 12.2 | 22.1% |
| Others | 134 | 147 | 81.2 | 31.0 | -38.6% |
| Total | 3,712 | 3,012 | 3,429 | 3,184 | -5.0% |
Top Suppliers of Iron or Steel; Non-Threaded Cotters and Cotter-Pins to Hong Kong SAR in 2022:
- China (32.1 tons)
- Malaysia (5.2 tons)
- Japan (3.1 tons)
- Philippines (1.3 tons)
- France (1.2 tons)
- Germany (0.9 tons)
- United States (0.8 tons)
- Singapore (0.7 tons)
- Taiwan (Chinese) (0.4 tons)
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