Price for Steel, Alloy; Semi-Finished Products in Hong Kong SAR - 2022
Contents:
- Price for Steel, Alloy; Semi-Finished Products in Hong Kong SAR (CIF) - 2022
- Price for Steel, Alloy; Semi-Finished Products in Hong Kong SAR (FOB) - 2022
- Imports of Steel, Alloy; Semi-Finished Products in Hong Kong SAR
- Exports of Steel, Alloy; Semi-Finished Products in Hong Kong SAR
Price for Steel, Alloy; Semi-Finished Products in Hong Kong SAR (CIF) - 2022
In 2022, the average steel, alloy; semi-finished products import price amounted to $3,837 per ton, falling by -3% against the previous year. Over the period under review, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 an increase of 156% against the previous year. Over the period under review, average import prices hit record highs at $13,516 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Brazil ($4,879 per ton), while the price for the UK ($2,079 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Steel, Alloy; Semi-Finished Products in Hong Kong SAR (FOB) - 2022
The average steel, alloy; semi-finished products export price stood at $19,338 per ton in 2022, declining by -41.7% against the previous year. In general, the export price showed a pronounced contraction. The most prominent rate of growth was recorded in 2020 an increase of 241%. As a result, the export price attained the peak level of $34,168 per ton. From 2021 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was India ($68,379 per ton), while the average price for exports to Israel ($2,607 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 India (+21.3%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Steel, Alloy; Semi-Finished Products in Hong Kong SAR
Steel, alloy; semi-finished products imports into Hong Kong SAR skyrocketed to 849 tons in 2022, increasing by 67% compared with the previous year. In general, imports recorded a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 225% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, steel, alloy; semi-finished products imports surged to $3.3M in 2022. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 166% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Steel, Alloy; Semi-Finished Products in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | N/A | 0.3 | N/A | 2.2 | 170.8% |
| Germany | 1.1 | 0.4 | 0.2 | 1.1 | 0.0% |
| Thailand | N/A | N/A | 1.8 | N/A | 0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 1.1 | 0.8 | 2.0 | 3.3 | 44.2% |
Top Suppliers of Steel, Alloy; Semi-Finished Products to Hong Kong SAR in 2022:
- Brazil (441.6 tons)
- Germany (399.4 tons)
Exports of Steel, Alloy; Semi-Finished Products in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in overseas shipments of steel, alloy; semi-finished productses, when their volume increased by 69% to 8.8 tons. Over the period under review, exports, however, saw a sharp reduction.
In value terms, steel, alloy; semi-finished products exports reduced slightly to $170K in 2022. In general, exports, however, showed a abrupt setback. The pace of growth was the most pronounced in 2020 with an increase of 164%. As a result, the exports reached the peak of $755K. From 2021 to 2022, the growth of the exports failed to regain momentum.
| Export of Steel, Alloy; Semi-Finished Products in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 3.6 | 625 | 148 | 135 | 234.7% |
| United Kingdom | N/A | 79.1 | N/A | 20.0 | -49.7% |
| India | 281 | 10.5 | N/A | 7.9 | -69.6% |
| Israel | N/A | N/A | N/A | 7.0 | 0% |
| Taiwan (Chinese) | N/A | 11.8 | 1.3 | N/A | -89.0% |
| Others | 1.9 | 28.6 | 23.0 | N/A | 247.9% |
| Total | 286 | 755 | 172 | 170 | -15.9% |
Top Export Markets for Steel, Alloy; Semi-Finished Products from Hong Kong SAR in 2022:
- Philippines (5.0 tons)
- Israel (2.7 tons)
- United Kingdom (0.9 tons)
- India (0.1 tons)
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