Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Hong Kong SAR - 2023
Contents:
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Hong Kong SAR (FOB) - 2023
- Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Hong Kong SAR (CIF) - 2023
- Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Hong Kong SAR
- Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Hong Kong SAR
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Hong Kong SAR (FOB) - 2023
The average export price for steel alloy wire of materials other than silico-manganese steels stood at $16,824 per ton in November 2023, surging by 27% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 78% m-o-m. Over the period under review, the average export prices attained the peak figure at $21,509 per ton in July 2023; however, from August 2023 to November 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major overseas markets. In November 2023, the highest price was recorded for prices to Taiwan (Chinese) ($20,474 per ton) and China ($16,614 per ton), while the average price for exports to Vietnam ($15,352 per ton) and the Philippines ($16,269 per ton) were amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+3.1%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for steel alloy wire of materials other than silico-manganese steels amounted to $18,057 per ton, increasing by 16% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 an increase of 245% m-o-m. As a result, import price reached the peak level of $27,865 per ton. From May 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($19,683 per ton), while the price for China ($8,284 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.6%), while the prices for the other major suppliers experienced a decline.
Exports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Hong Kong SAR
In 2022, exports of steel alloy wire of materials other than silico-manganese steels from Hong Kong SAR fell remarkably to 153 tons, reducing by -61.8% on 2021. In general, exports faced a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 0.4% against the previous year.
In value terms, exports of steel alloy wire of materials other than silico-manganese steels fell notably to $3.2M in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 69%. As a result, the exports attained the peak of $6.4M, and then declined markedly in the following year.
| Export of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.7 | 2.9 | 4.8 | 2.3 | -14.7% |
| Vietnam | 0.5 | 0.5 | 0.8 | 0.6 | 6.3% |
| Philippines | 0.9 | 0.4 | 0.9 | 0.2 | -39.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 5.2 | 3.8 | 6.4 | 3.2 | -14.9% |
Top Export Markets for Steel Alloy Wire of Materials Other than Silico-Manganese Steel from Hong Kong SAR in 2022:
- China (100.1 tons)
- Vietnam (35.8 tons)
- Philippines (14.9 tons)
Imports of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Hong Kong SAR
In 2022, supplies from abroad of steel alloy wire of materials other than silico-manganese steels decreased by -70.8% to 89 tons, falling for the second year in a row after two years of growth. Overall, imports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2020 when imports increased by 2.3%. As a result, imports reached the peak of 344 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
In value terms, imports of steel alloy wire of materials other than silico-manganese steels contracted notably to $1.8M in 2022. Over the period under review, imports continue to indicate a perceptible reduction. The growth pace was the most rapid in 2021 with an increase of 59% against the previous year. As a result, imports attained the peak of $4.2M, and then plummeted in the following year.
| Import of Steel Alloy Wire of Materials Other than Silico-Manganese Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 432 | 1,067 | 2,743 | 1,072 | 35.4% |
| Japan | 868 | 1,219 | 1,224 | 636 | -9.8% |
| China | 680 | 240 | 151 | 87.2 | -49.6% |
| Others | 16.4 | 91.7 | 52.2 | 26.1 | 16.8% |
| Total | 1,996 | 2,618 | 4,170 | 1,821 | -3.0% |
Top Suppliers of Steel Alloy Wire of Materials Other than Silico-Manganese Steel to Hong Kong SAR in 2022:
- Taiwan (Chinese) (49.0 tons)
- Japan (26.1 tons)
- China (13.6 tons)
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