Hong Kong SAR, China - Articles Of Iron Or Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Steel and Iron Articles in Hong Kong SAR - 2023
Contents:
- Price for Steel and Iron Articles in Hong Kong SAR (CIF) - 2023
- Price for Steel and Iron Articles in Hong Kong SAR (FOB) - 2023
- Imports of Steel and Iron Articles in Hong Kong SAR
- Exports of Steel and Iron Articles in Hong Kong SAR
Price for Steel and Iron Articles in Hong Kong SAR (CIF) - 2023
The average steel and iron articles import price stood at $2,821 per ton in September 2023, increasing by 11% against the previous month. In general, the import price, however, recorded a slight curtailment. The pace of growth was the most pronounced in April 2023 an increase of 14% month-to-month. Over the period under review, average import prices attained the maximum at $3,172 per ton in September 2022; however, from October 2022 to September 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From September 2022 to September 2023, the rate of growth in terms of prices for China amounted to -0.7% per month.
Price for Steel and Iron Articles in Hong Kong SAR (FOB) - 2023
In September 2023, the average steel and iron articles export price amounted to $16,477 per ton, with an increase of 53% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The export price peaked at $23,010 per ton in June 2023; however, from July 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Germany ($43,644 per ton), while the average price for exports to Macao SAR ($4,432 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel and Iron Articles in Hong Kong SAR
In 2022, approx. 117K tons of articles of iron or steel were imported into Hong Kong SAR; which is down by -13.5% compared with 2021. In general, imports continue to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of 136K tons, and then declined in the following year.
In value terms, steel and iron articles imports contracted dramatically to $336M in 2022. Overall, imports recorded a pronounced decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of $413M, and then dropped remarkably in the following year.
| Import of Steel and Iron Articles in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 250 | 236 | 298 | 241 | -1.2% |
| Others | 108 | 101 | 115 | 94.2 | -4.5% |
| Total | 358 | 337 | 413 | 336 | -2.1% |
Top Suppliers of Steel and Iron Articles to Hong Kong SAR in 2022:
- China (110.7K tons)
Exports of Steel and Iron Articles in Hong Kong SAR
Steel and iron articles exports from Hong Kong SAR dropped dramatically to 20K tons in 2022, falling by -27.4% on the previous year. Overall, exports saw a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 24%.
In value terms, steel and iron articles exports reduced to $304M in 2022. In general, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 27%. As a result, the exports attained the peak of $330M, and then reduced in the following year.
| Export of Steel and Iron Articles in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 83.6 | 90.2 | 92.5 | 86.8 | 1.3% |
| United States | 62.3 | 41.2 | 56.8 | 39.8 | -13.9% |
| Japan | 11.6 | 10.5 | 11.4 | 12.5 | 2.5% |
| Germany | 12.5 | 9.0 | 12.3 | 12.0 | -1.4% |
| Canada | 7.4 | 7.0 | 8.6 | 10.5 | 12.4% |
| Mexico | 8.5 | 5.4 | 9.0 | 8.2 | -1.2% |
| Thailand | 7.2 | 6.2 | 7.6 | 7.6 | 1.8% |
| United Kingdom | 8.2 | 6.2 | 6.0 | 7.1 | -4.7% |
| Vietnam | 4.5 | 3.0 | 5.7 | 6.7 | 14.2% |
| India | 1.8 | 1.4 | 2.8 | 6.4 | 52.6% |
| South Korea | 2.2 | 1.5 | 6.5 | 3.8 | 20.0% |
| Italy | 2.2 | 1.9 | 3.7 | 3.2 | 13.3% |
| Macao SAR | 3.7 | 2.0 | 2.3 | 1.2 | -31.3% |
| Others | 92.8 | 75.1 | 105 | 98.0 | 1.8% |
| Total | 309 | 261 | 330 | 304 | -0.5% |
Top Export Markets for Steel and Iron Articles from Hong Kong SAR in 2022:
- China (7.3K tons)
- United States (2.0K tons)
- Thailand (1.2K tons)
- Vietnam (1.1K tons)
- South Korea (0.6K tons)
- Germany (0.6K tons)
- Canada (0.5K tons)
- Italy (0.4K tons)
- Mexico (0.4K tons)
- Japan (0.4K tons)
- India (0.4K tons)
- United Kingdom (0.4K tons)
- Macao SAR (0.4K tons)
This report provides an in-depth analysis of the market for steel and iron articles in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 25992945 - Articles of iron or steel, n.e.s.
- Prodcom 25992931 - Iron or steel ladders and steps (excluding forged or stamped)
- Prodcom 25992933 - Iron or steel pallets and similar platforms for handling goods
- Prodcom 25992935 - Iron or steel reels for cables, piping and the like
- Prodcom 25992937 - Iron or steel non-mechanical ventilators, guttering, hooks and similar articles used in the building industry (excluding forged or stamped)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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