Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Hong Kong SAR - 2023
Contents:
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Hong Kong SAR (CIF) - 2023
- Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Hong Kong SAR (FOB) - 2023
- Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Hong Kong SAR
- Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Hong Kong SAR
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for stainless steel bars and rods, angles, shapes and sectionses amounted to $5,846 per ton, leveling off at the previous month. Over the period under review, the import price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 221% month-to-month. As a result, import price attained the peak level of $9,711 per ton. From August 2023 to October 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the United States ($12,881 per ton), while the price for India ($3,374 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by China (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Stainless Steel Bars and Rods, Angles, Shapes and Sections in Hong Kong SAR (FOB) - 2023
In October 2023, the average export price for stainless steel bars and rods, angles, shapes and sectionses amounted to $5,469 per ton, with a decrease of -34% against the previous month. In general, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in July 2023 an increase of 49% against the previous month. Over the period under review, the average export prices hit record highs at $11,375 per ton in May 2023; however, from June 2023 to October 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In October 2023, the country with the highest price was Guam ($10,942 per ton), while the average price for exports to China stood at $5,336 per ton.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Guam (+12.1%).
Imports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Hong Kong SAR
Imports of stainless steel bars and rods, angles, shapes and sectionses into Hong Kong SAR declined rapidly to 3.7K tons in 2022, waning by -18.7% compared with the previous year. In general, imports recorded a deep reduction. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year.
In value terms, imports of stainless steel bars and rods, angles, shapes and sectionses reduced dramatically to $23M in 2022. Over the period under review, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 51% against the previous year. As a result, imports reached the peak of $32M, and then shrank markedly in the following year.
| Import of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 3.0 | 6.8 | 12.2 | 5.9 | 25.3% |
| Taiwan (Chinese) | 7.2 | 4.3 | 5.7 | 3.6 | -20.6% |
| Italy | 0.6 | 1.1 | 2.0 | 3.2 | 74.7% |
| United States | 1.8 | 2.3 | 3.7 | 3.2 | 21.1% |
| Japan | 2.4 | 1.3 | 1.6 | 3.1 | 8.9% |
| China | 4.1 | 3.1 | 3.8 | 2.7 | -13.0% |
| India | 4.0 | 1.8 | 2.0 | 1.3 | -31.2% |
| Others | 0.5 | 0.4 | 0.9 | 0.5 | 0.0% |
| Total | 23.7 | 21.0 | 31.9 | 23.5 | -0.3% |
Top Suppliers of Stainless Steel Bars and Rods, Angles, Shapes and Sections to Hong Kong SAR in 2022:
- China (835.6 tons)
- Japan (699.7 tons)
- Italy (680.5 tons)
- Taiwan (Chinese) (506.0 tons)
- Germany (450.4 tons)
- India (322.7 tons)
- United States (147.7 tons)
Exports of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Hong Kong SAR
In 2022, approx. 1.7K tons of stainless steel bars and rods, angles, shapes and sectionses were exported from Hong Kong SAR; shrinking by -54.2% compared with the previous year. Overall, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 5% against the previous year.
In value terms, exports of stainless steel bars and rods, angles, shapes and sectionses shrank dramatically to $17M in 2022. Over the period under review, exports recorded a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 31%. As a result, the exports reached the peak of $24M, and then dropped sharply in the following year.
| Export of Stainless Steel Bars and Rods, Angles, Shapes and Sections in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 19.8 | 17.5 | 22.8 | 16.3 | -6.3% |
| Others | 0.4 | 0.7 | 0.8 | 0.3 | -9.1% |
| Total | 20.2 | 18.1 | 23.7 | 16.6 | -6.3% |
Top Export Markets for Stainless Steel Bars and Rods, Angles, Shapes and Sections from Hong Kong SAR in 2022:
- China (1670.2 tons)
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