Hong Kong SAR, China: Aluminium Tube Market 2022

Aluminium Tube Market Size in Hong Kong SAR, China

In 2021, after three years of decline, there was significant growth in the Hong Kong aluminium tube market, when its value increased by X% to $X. Overall, consumption, however, recorded a deep contraction. Aluminium tube consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Aluminium Tube Production in Hong Kong SAR, China

In value terms, aluminium tube production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Aluminium Tube Exports

Exports from Hong Kong SAR, China

In 2021, after three years of decline, there was significant growth in shipments abroad of aluminium tubes and pipes, when their volume increased by X% to X tons. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, aluminium tube exports surged to $X in 2021. In general, exports enjoyed measured growth. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for aluminium tube exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, aluminium tube exports to the United States exceeded the volume sent to the second major destination, China (X tons), more than tenfold. Guam (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Guam (X% per year).

It was followed by Guam, with a X% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Guam (X% per year).

Export Prices by Country

In 2021, the average aluminium tube export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +X% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, aluminium tube export price increased by +X% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per ton), while the average price for exports to Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+X%), while the prices for the other major destinations experienced mixed trend patterns.

Aluminium Tube Imports

Imports into Hong Kong SAR, China

In 2021, the amount of aluminium tubes and pipes imported into Hong Kong SAR reached X tons, growing by X% against the previous year's figure. Over the period under review, imports, however, continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of X%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, aluminium tube imports rose significantly to $X in 2021. Overall, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main aluminium tube supplier to Hong Kong SAR, accounting for a X% share of total imports. It was followed by Thailand (X tons), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from China stood at -X%.

In value terms, China ($X) constituted the largest supplier of aluminium tube to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Thailand ($X), with an X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest.

Import Prices by Country

In 2021, the average aluminium tube import price amounted to $X per ton, picking up by X% against the previous year. Overall, the import price posted a notable expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+X%).

Source: IndexBox Platform