Price for Metal-Rolling Mills; Tube Mills in Hong Kong SAR - 2022

Contents:

1. Price for Metal-Rolling Mills; Tube Mills in Hong Kong SAR (CIF) - 2022
2. Price for Metal-Rolling Mills; Tube Mills in Hong Kong SAR (FOB) - 2022
3. Imports of Metal-Rolling Mills; Tube Mills in Hong Kong SAR
4. Exports of Metal-Rolling Mills; Tube Mills in Hong Kong SAR

Price for Metal-Rolling Mills; Tube Mills in Hong Kong SAR (CIF) - 2022

In 2022, the average metal-rolling mills; tube mills import price amounted to $92,129 per unit, with an increase of 174% against the previous year. Over the period under review, the import price continues to indicate a strong expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 185% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +27.6% per year.

Price for Metal-Rolling Mills; Tube Mills in Hong Kong SAR (FOB) - 2022

The average metal-rolling mills; tube mills export price stood at $1,467 per unit in 2022, reducing by -55% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 6,813%. As a result, the export price attained the peak level of $23,181 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($6,665 per unit), while the average price for exports to Switzerland ($28 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Panama (+47.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Metal-Rolling Mills; Tube Mills in Hong Kong SAR

In 2022, overseas purchases of metal-rolling mills; tube millses decreased by -71.4% to 2 units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports continue to indicate a dramatic decline. The smallest decline of -12.5% was in 2020. Over the period under review, imports reached the peak figure at 8 units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, metal-rolling mills; tube mills imports shrank dramatically to $184K in 2022. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 164%. As a result, imports reached the peak of $236K, and then declined significantly in the following year.

Top Suppliers of Metal-Rolling Mills; Tube Mills to Hong Kong SAR in 2022:

1. Singapore (2.0 units)

Exports of Metal-Rolling Mills; Tube Mills in Hong Kong SAR

In 2022, approx. 8 units of metal-rolling mills; tube millses were exported from Hong Kong SAR; with a decrease of -33.3% on 2021. Overall, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 33%. As a result, the exports reached the peak of 12 units, and then fell dramatically in the following year.

In value terms, metal-rolling mills; tube mills exports dropped rapidly to $12K in 2022. In general, exports saw a dramatic shrinkage. The smallest decline of -16.1% was in 2021. The exports peaked at $191K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Top Export Markets for Metal-Rolling Mills; Tube Mills from Hong Kong SAR in 2022:

1. Italy (1.0 units)
2. Bangladesh (1.0 units)
3. Panama (1.0 units)
4. India (1.0 units)
5. Malaysia (1.0 units)
6. China (1.0 units)
7. Chile (1.0 units)
8. Switzerland (1.0 units)

Source: IndexBox Market Intelligence Platform