Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hong Kong SAR - 2023
Contents:
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hong Kong SAR (FOB) - 2023
- Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hong Kong SAR (CIF) - 2023
- Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hong Kong SAR
- Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hong Kong SAR
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hong Kong SAR (FOB) - 2023
The average export price for stainless steel; flat-rolled products of width less than 600mms stood at $4,386 per ton in August 2023, reducing by -4.1% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 65% against the previous month. As a result, the export price reached the peak level of $8,512 per ton. From February 2023 to August 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($7,076 per ton), while the average price for exports to China amounted to $4,192 per ton.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Lithuania (0.0%), while the prices for the other major destinations experienced a decline.
Price for Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hong Kong SAR (CIF) - 2023
In August 2023, the average import price for stainless steel; flat-rolled products of width less than 600mms amounted to $5,275 per ton, waning by -50.5% against the previous month. Overall, the import price showed a abrupt contraction. The most prominent rate of growth was recorded in March 2023 when the average import price increased by 57% m-o-m. The import price peaked at $15,557 per ton in November 2022; however, from December 2022 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($11,800 per ton), while the price for Taiwan (Chinese) ($2,245 per ton) was amongst the lowest.
From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (-5.8%), while the prices for the other major suppliers experienced a decline.
Exports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hong Kong SAR
In 2022, approx. 7.7K tons of stainless steel; flat-rolled products of width less than 600mms were exported from Hong Kong SAR; waning by -56.8% on the previous year. Overall, exports recorded a dramatic slump. The pace of growth was the most pronounced in 2021 when exports increased by 15%. As a result, the exports attained the peak of 18K tons, and then fell dramatically in the following year.
In value terms, exports of stainless steel; flat-rolled products of width less than 600mms fell dramatically to $41M in 2022. In general, exports faced a significant decline. The most prominent rate of growth was recorded in 2021 when exports increased by 8.4%. As a result, the exports attained the peak of $100M, and then dropped dramatically in the following year.
| Export of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 90.4 | 90.0 | 97.9 | 38.6 | -24.7% |
| Lithuania | N/A | N/A | 0.4 | 0.3 | -25.0% |
| Others | 3.0 | 2.5 | 1.9 | 1.7 | -17.2% |
| Total | 93.4 | 92.5 | 100 | 40.6 | -24.2% |
Top Export Markets for Stainless Steel; Flat-Rolled Products of Width Less than 600mm from Hong Kong SAR in 2022:
- China (7.2K tons)
- Lithuania (0.2K tons)
Imports of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hong Kong SAR
In 2022, overseas purchases of stainless steel; flat-rolled products of width less than 600mms decreased by -64% to 4.2K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year. As a result, imports attained the peak of 14K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of stainless steel; flat-rolled products of width less than 600mms declined significantly to $34M in 2022. Overall, imports saw a sharp contraction. The growth pace was the most rapid in 2020 when imports increased by 75% against the previous year. As a result, imports attained the peak of $122M. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Stainless Steel; Flat-Rolled Products of Width Less than 600mm in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 27.9 | 83.0 | 38.6 | 11.5 | -25.6% |
| United States | 10.1 | 10.9 | 18.8 | 9.9 | -0.7% |
| China | 7.3 | 5.9 | 7.5 | 5.3 | -10.1% |
| Taiwan (Chinese) | 14.1 | 14.7 | 17.2 | 3.8 | -35.4% |
| South Korea | 6.4 | 5.4 | 2.7 | 1.8 | -34.5% |
| Thailand | 0.1 | N/A | N/A | 0.6 | 81.7% |
| Others | 3.6 | 1.9 | 1.1 | 1.2 | -30.7% |
| Total | 69.7 | 122 | 85.9 | 34.1 | -21.2% |
Top Suppliers of Stainless Steel; Flat-Rolled Products of Width Less than 600mm to Hong Kong SAR in 2022:
- Taiwan (Chinese) (1457.1 tons)
- China (1218.0 tons)
- Japan (840.6 tons)
- United States (398.2 tons)
- South Korea (124.1 tons)
- Thailand (78.8 tons)
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