Price for Stainless Steel in Ingots or Other Primary Forms in Hong Kong SAR - 2023
Contents:
- Price for Stainless Steel in Ingots or Other Primary Forms in Hong Kong SAR (FOB) - 2022
- Price for Stainless Steel in Ingots or Other Primary Forms in Hong Kong SAR (CIF) - 2022
- Exports of Stainless Steel in Ingots or Other Primary Forms in Hong Kong SAR
- Imports of Stainless Steel in Ingots or Other Primary Forms in Hong Kong SAR
Price for Stainless Steel in Ingots or Other Primary Forms in Hong Kong SAR (FOB) - 2022
The average export price for stainless steel in ingots or other primary forms stood at $3,118 per ton in 2022, with a decrease of -26.6% against the previous year. Over the period under review, the export price, however, posted a perceptible increase. The pace of growth appeared the most rapid in 2018 an increase of 229% against the previous year. The export price peaked at $11,389 per ton in 2019; however, from 2020 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 the United States ($27,182 per ton), while the average price for exports to China totaled $2,572 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.2%).
Price for Stainless Steel in Ingots or Other Primary Forms in Hong Kong SAR (CIF) - 2022
The average import price for stainless steel in ingots or other primary forms stood at $2,807 per ton in 2022, remaining constant against the previous year. In general, the import price, however, continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2019 when the average import price increased by 161% against the previous year. The import price peaked at $3,697 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 Taiwan (Chinese) ($2,904 per ton), while the price for China ($1,812 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Stainless Steel in Ingots or Other Primary Forms in Hong Kong SAR
In 2022, approx. 151 tons of stainless steel in ingots or other primary forms were exported from Hong Kong SAR; picking up by 188% against the previous year. Over the period under review, exports showed a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 212%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of stainless steel in ingots or other primary forms surged to $471K in 2022. In general, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Stainless Steel in Ingots or Other Primary Forms in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 22.8 | 22.7 | 125 | 380 | 155.4% |
| United States | 122 | 94.4 | 97.5 | 91.0 | -9.3% |
| Others | N/A | 3.7 | N/A | N/A | 0% |
| Total | 145 | 121 | 223 | 471 | 48.1% |
Top Export Markets for Stainless Steel in Ingots or Other Primary Forms from Hong Kong SAR in 2022:
- China (147.6 tons)
- United States (3.3 tons)
Imports of Stainless Steel in Ingots or Other Primary Forms in Hong Kong SAR
In 2022, the amount of stainless steel in ingots or other primary forms imported into Hong Kong SAR surged to 115 tons, growing by 181% compared with the year before. Overall, imports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 349% against the previous year.
In value terms, imports of stainless steel in ingots or other primary forms soared to $322K in 2022. Over the period under review, imports, however, continue to indicate a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 461% against the previous year.
| Import of Stainless Steel in Ingots or Other Primary Forms in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | N/A | N/A | N/A | 167 | 0% |
| Taiwan (Chinese) | 2.4 | 2.8 | 77.2 | 139 | 286.9% |
| China | 471 | 7.6 | 28.0 | 15.6 | -67.9% |
| Others | N/A | 9.9 | 9.0 | N/A | -9.1% |
| Total | 473 | 20.3 | 114 | 322 | -12.0% |
Top Suppliers of Stainless Steel in Ingots or Other Primary Forms to Hong Kong SAR in 2022:
- Vietnam (58.3 tons)
- Taiwan (Chinese) (47.8 tons)
- China (8.6 tons)
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