Price for Steel, Stainless; Ingots and Other Primary Forms in Hong Kong SAR - 2023
Contents:
- Price for Steel, Stainless; Ingots and Other Primary Forms in Hong Kong SAR (FOB) - 2022
- Price for Steel, Stainless; Ingots and Other Primary Forms in Hong Kong SAR (CIF) - 2022
- Exports of Steel, Stainless; Ingots and Other Primary Forms in Hong Kong SAR
- Imports of Steel, Stainless; Ingots and Other Primary Forms in Hong Kong SAR
Price for Steel, Stainless; Ingots and Other Primary Forms in Hong Kong SAR (FOB) - 2022
The average export price for steel, stainless; ingots and other primary formses stood at $2,572 per ton in 2022, approximately equating the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 an increase of 52% against the previous year. As a result, the export price attained the peak level of $2,955 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to +0.8% per year.
Price for Steel, Stainless; Ingots and Other Primary Forms in Hong Kong SAR (CIF) - 2022
The average import price for steel, stainless; ingots and other primary formses stood at $2,807 per ton in 2022, flattening at the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 54%. As a result, import price attained the peak level of $5,710 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: 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 Steel, Stainless; Ingots and Other Primary Forms in Hong Kong SAR
Exports of steel, stainless; ingots and other primary formses from Hong Kong SAR skyrocketed to 148 tons in 2022, growing by 207% against 2021. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 when exports increased by 292% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.
In value terms, exports of steel, stainless; ingots and other primary formses surged to $380K in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 434% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Steel, Stainless; Ingots and Other Primary Forms in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 21.7 | 22.3 | 125 | 380 | 159.7% |
| Others | N/A | 1.2 | N/A | N/A | 0% |
| Total | 21.7 | 23.4 | 125 | 380 | 159.7% |
Top Export Markets for Steel, Stainless; Ingots and Other Primary Forms from Hong Kong SAR in 2022:
- China (147.6 tons)
Imports of Steel, Stainless; Ingots and Other Primary Forms in Hong Kong SAR
Imports of steel, stainless; ingots and other primary formses into Hong Kong SAR skyrocketed to 115 tons in 2022, jumping by 181% against the previous year's figure. In general, imports, however, continue to indicate a deep downturn. The growth pace was the most rapid in 2021 with an increase of 651% against the previous year.
In value terms, imports of steel, stainless; ingots and other primary formses skyrocketed to $322K in 2022. Overall, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2021 when imports increased by 461% against the previous year.
| Import of Steel, Stainless; Ingots and 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 Steel, Stainless; Ingots and 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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