Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Hong Kong SAR - 2023

Contents:

1. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Hong Kong SAR (CIF) - 2022
2. Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Hong Kong SAR (FOB) - 2022
3. Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Hong Kong SAR
4. Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Hong Kong SAR

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for tubing; flexible, with or without fittings, of base metals amounted to $3,953 per ton, jumping by 15% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 32% against the previous year. Over the period under review, average import prices reached the peak figure at $5,879 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($20,796 per ton), while the price for China ($2,415 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Tubing; Flexible, with or Without Fittings, of Base Metal in Hong Kong SAR (FOB) - 2022

The average export price for tubing; flexible, with or without fittings, of base metals stood at $39,184 per ton in 2022, jumping by 108% against the previous year. Overall, the export price posted a strong increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($66,963 per ton), while the average price for exports to Egypt ($4,749 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 Arab Emirates (+32.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubing; Flexible, with or Without Fittings, of Base Metal in Hong Kong SAR

For the fourth consecutive year, Hong Kong SAR recorded growth in supplies from abroad of tubing; flexible, with or without fittings, of base metals, which increased by 5.2% to 2.4K tons in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +20.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.2% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 47%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of tubing; flexible, with or without fittings, of base metals surged to $9.4M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Tubing; Flexible, with or Without Fittings, of Base Metal to Hong Kong SAR in 2022:

1. China (2238.3 tons)
2. Turkey (36.4 tons)
3. Singapore (21.2 tons)

Exports of Tubing; Flexible, with or Without Fittings, of Base Metal in Hong Kong SAR

In 2022, approx. 80 tons of tubing; flexible, with or without fittings, of base metals were exported from Hong Kong SAR; which is down by -46.7% compared with 2021 figures. In general, exports saw a sharp reduction. The smallest decline of -3.9% was in 2020.

In value terms, exports of tubing; flexible, with or without fittings, of base metals expanded notably to $3.1M in 2022. The total export value increased at an average annual rate of +3.3% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Tubing; Flexible, with or Without Fittings, of Base Metal from Hong Kong SAR in 2022:

1. China (39.3 tons)
2. Egypt (29.3 tons)
3. Macao SAR (6.9 tons)
4. United States (0.9 tons)
5. United Kingdom (0.9 tons)

Source: IndexBox Market Intelligence Platform