Price for Titanium; Waste and Scrap in Hong Kong SAR - 2022
Contents:
- Price for Titanium; Waste and Scrap in Hong Kong SAR (FOB) - 2022
- Price for Titanium; Waste and Scrap in Hong Kong SAR (CIF) - 2022
- Exports of Titanium; Waste and Scrap in Hong Kong SAR
- Imports of Titanium; Waste and Scrap in Hong Kong SAR
Price for Titanium; Waste and Scrap in Hong Kong SAR (FOB) - 2022
In 2022, the average titanium; waste and scrap export price amounted to $11,266 per ton, reducing by -35.6% against the previous year. In general, the export price, however, saw a strong increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 277% against the previous year. As a result, the export price attained the peak level of $17,503 per ton, and then dropped markedly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($21,274 per ton), while the average price for exports to Singapore ($2,603 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 the United States (+12.0%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Titanium; Waste and Scrap in Hong Kong SAR (CIF) - 2022
In 2022, the average titanium; waste and scrap import price amounted to $9,113 per ton, dropping by -9.4% against the previous year. Overall, the import price, however, posted a buoyant expansion. The growth pace was the most rapid in 2020 an increase of 299% against the previous year. As a result, import price reached the peak level of $10,763 per ton. From 2021 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was South Korea ($15,786 per ton), while the price for China ($4,370 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 (+50.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Titanium; Waste and Scrap in Hong Kong SAR
In 2022, overseas shipments of titanium; waste and scraps were finally on the rise to reach 52 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, recorded a abrupt downturn.
In value terms, titanium; waste and scrap exports surged to $591K in 2022. Overall, exports recorded a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Titanium; Waste and Scrap in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.5 | 232 | 145 | 425 | 847.3% |
| India | N/A | N/A | N/A | 135 | 0% |
| Singapore | N/A | N/A | N/A | 31.8 | 0% |
| United Kingdom | 38.3 | 36.9 | N/A | N/A | -3.7% |
| Taiwan (Chinese) | 54.9 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 93.6 | 269 | 145 | 591 | 84.8% |
Top Export Markets for Titanium; Waste and Scrap from Hong Kong SAR in 2022:
- India (20.3 tons)
- United States (20.0 tons)
- Singapore (12.2 tons)
Imports of Titanium; Waste and Scrap in Hong Kong SAR
In 2022, overseas purchases of titanium; waste and scraps increased by 461% to 57 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports enjoyed buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, titanium; waste and scrap imports skyrocketed to $516K in 2022. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Titanium; Waste and Scrap in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 7.9 | 138 | 84.8 | 309 | 239.5% |
| Taiwan (Chinese) | N/A | N/A | N/A | 145 | 0% |
| China | N/A | 7.1 | 16.7 | 63.0 | 197.9% |
| Japan | 65.2 | 20.8 | N/A | N/A | -68.1% |
| Canada | 32.5 | N/A | N/A | N/A | 0% |
| Others | N/A | 1.8 | N/A | N/A | 0% |
| Total | 106 | 168 | 102 | 516 | 69.5% |
Top Suppliers of Titanium; Waste and Scrap to Hong Kong SAR in 2022:
- Taiwan (Chinese) (22.7 tons)
- South Korea (19.6 tons)
- China (14.4 tons)
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