Hong Kong SAR, China - Iron Or Steel Springs - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Metal Spiral or Discs Spring in Hong Kong SAR - 2023
Contents:
- Price for Metal Spiral or Discs Spring in Hong Kong SAR (CIF) - 2023
- Price for Metal Spiral or Discs Spring in Hong Kong SAR (FOB) - 2022
- Imports of Metal Spiral or Discs Spring in Hong Kong SAR
- Exports of Metal Spiral or Discs Spring in Hong Kong SAR
Price for Metal Spiral or Discs Spring in Hong Kong SAR (CIF) - 2023
In June 2023, the average import price for iron or steel flat spiral or discs springs amounted to $13,659 per ton, waning by -38.9% against the previous month. In general, the import price saw a pronounced slump. The pace of growth was the most pronounced in July 2022 when the average import price increased by 35% against the previous month. As a result, import price reached the peak level of $23,909 per ton. From August 2022 to June 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($142K per ton), while the price for the Netherlands ($4,085 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Thailand (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Metal Spiral or Discs Spring in Hong Kong SAR (FOB) - 2022
The average export price for iron or steel flat spiral or discs springs stood at $21,995 per ton in 2022, growing by 65% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices attained the peak figure at $24,557 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($46,935 per ton), while the average price for exports to Australia ($6,221 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 China (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Metal Spiral or Discs Spring in Hong Kong SAR
In 2022, imports of iron or steel flat spiral or discs springs into Hong Kong SAR dropped remarkably to 918 tons, with a decrease of -38.7% against 2021 figures. Over the period under review, imports, however, saw a pronounced increase. The most prominent rate of growth was recorded in 2021 when imports increased by 87%. As a result, imports attained the peak of 1.5K tons, and then contracted remarkably in the following year.
In value terms, metal spiral or discs spring imports shrank to $15M in 2022. The total import value increased at an average annual rate of +8.6% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 40%. As a result, imports reached the peak of $16M, and then declined in the following year.
| Import of Metal Spiral or Discs Spring in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1.2 | 1.2 | 3.6 | 7.3 | 82.5% |
| Japan | 2.7 | 1.6 | 2.6 | 1.9 | -11.1% |
| China | 3.7 | 3.4 | 5.4 | 1.5 | -26.0% |
| Germany | 1.3 | 1.0 | 0.9 | 0.9 | -11.5% |
| South Korea | 0.4 | 0.4 | 0.7 | 0.7 | 20.5% |
| Belgium | N/A | 0.2 | 0.5 | 0.4 | 41.4% |
| Malaysia | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Others | 2.1 | 3.7 | 2.4 | 1.7 | -6.8% |
| Total | 11.5 | 11.6 | 16.1 | 14.7 | 8.5% |
Top Suppliers of Metal Spiral or Discs Spring to Hong Kong SAR in 2022:
- Singapore (390.9 tons)
- China (170.3 tons)
- South Korea (104.9 tons)
- Belgium (73.9 tons)
- Germany (54.2 tons)
- Japan (54.1 tons)
- Malaysia (23.1 tons)
Exports of Metal Spiral or Discs Spring in Hong Kong SAR
In 2022, exports of iron or steel flat spiral or discs springs from Hong Kong SAR dropped rapidly to 295 tons, with a decrease of -65.5% against the previous year's figure. Overall, exports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 77%. As a result, the exports attained the peak of 855 tons, and then contracted significantly in the following year.
In value terms, metal spiral or discs spring exports declined notably to $6.5M in 2022. Over the period under review, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $11M, and then declined dramatically in the following year.
| Export of Metal Spiral or Discs Spring in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6,233 | 4,408 | 3,256 | 2,868 | -22.8% |
| United States | 498 | 547 | 876 | 610 | 7.0% |
| Japan | 273 | 225 | 344 | 375 | 11.2% |
| Macao SAR | 56.1 | 42.7 | 104 | 345 | 83.2% |
| Vietnam | 121 | 518 | 3,061 | 329 | 39.6% |
| India | 246 | 564 | 466 | 283 | 4.8% |
| Canada | 1,230 | 1,260 | 1,576 | 165 | -48.8% |
| Australia | 90.9 | 79.7 | 73.4 | 107 | 5.6% |
| Others | 1,394 | 1,073 | 1,605 | 1,410 | 0.4% |
| Total | 10,143 | 8,717 | 11,361 | 6,493 | -13.8% |
Top Export Markets for Metal Spiral or Discs Spring from Hong Kong SAR in 2022:
- China (81.7 tons)
- Vietnam (44.5 tons)
- United States (34.8 tons)
- Macao SAR (33.6 tons)
- India (22.9 tons)
- Australia (17.3 tons)
- Canada (15.7 tons)
- Japan (8.0 tons)
This report provides an in-depth analysis of the market for metal spiral or discs spring 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 25931653 - Iron or steel flat spiral springs
- Prodcom 25931655 - Iron or steel discs springs
- Prodcom 25931660 - Iron or steel springs (excluding leaf-springs and leaves therefor, helical springs, flat spiral springs, discs springs)
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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