Price for Tin; Waste and Scrap in Hong Kong SAR - 2023

Contents:

1. Price for Tin; Waste and Scrap in Hong Kong SAR (FOB) - 2022
2. Price for Tin; Waste and Scrap in Hong Kong SAR (CIF) - 2022
3. Exports of Tin; Waste and Scrap in Hong Kong SAR
4. Imports of Tin; Waste and Scrap in Hong Kong SAR

Price for Tin; Waste and Scrap in Hong Kong SAR (FOB) - 2022

In 2022, the average tin; waste and scrap export price amounted to $6,001 per ton, declining by -77.6% against the previous year. Over the period under review, the export price, however, posted a notable expansion. The pace of growth appeared the most rapid in 2013 an increase of 372% against the previous year. The export price peaked at $26,823 per ton in 2021, and then shrank sharply in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($31,298 per ton), while the average price for exports to Malaysia ($2,558 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 Japan (+2,788.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tin; Waste and Scrap in Hong Kong SAR (CIF) - 2022

In 2022, the average tin; waste and scrap import price amounted to $11,765 per ton, dropping by -31.9% against the previous year. Over the period under review, the import price, however, posted a pronounced expansion. The growth pace was the most rapid in 2020 when the average import price increased by 126% against the previous year. Over the period under review, average import prices hit record highs at $17,269 per ton in 2021, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($12,536 per ton), while the price for the United States ($6,168 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+47.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Tin; Waste and Scrap in Hong Kong SAR

In 2022, approx. 348 tons of tin; waste and scraps were exported from Hong Kong SAR; surging by 250% compared with 2021 figures. Over the period under review, exports continue to indicate significant growth. The growth pace was the most rapid in 2020 when exports increased by 435%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, tin; waste and scrap exports dropped notably to $2.1M in 2022. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 503%.

Top Export Markets for Tin; Waste and Scrap from Hong Kong SAR in 2022:

1. Malaysia (305.4 tons)
2. Belgium (24.3 tons)
3. Taiwan (Chinese) (18.2 tons)

Imports of Tin; Waste and Scrap in Hong Kong SAR

In 2022, approx. 167 tons of tin; waste and scraps were imported into Hong Kong SAR; with an increase of 61% on the previous year's figure. Over the period under review, imports, however, showed a significant contraction.

In value terms, tin; waste and scrap imports reached $2M in 2022. In general, imports, however, saw a abrupt decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 51% against the previous year.

Top Suppliers of Tin; Waste and Scrap to Hong Kong SAR in 2022:

1. Vietnam (146.3 tons)
2. United States (13.5 tons)
3. China (7.0 tons)

Source: IndexBox Market Intelligence Platform