Report Hong Kong SAR, China - Iron and Steel - Market Analysis, Forecast, Size, Trends and Insights for 499$
Latest Report Update: Dec 9, 2022

Hong Kong SAR, China - Iron and Steel - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)

Hong Kong SAR, China: Iron And Steel Market 2022

Iron And Steel Market Size in Hong Kong SAR, China

The Hong Kong iron and steel market amounted to $X in 2021, increasing by 2.5% against the previous year. Overall, consumption, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 6.9%. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Iron And Steel Production in Hong Kong SAR, China

In value terms, iron and steel production dropped slightly to $X in 2021 estimated in export price. In general, production, however, saw a mild contraction. The pace of growth was the most pronounced in 2019 when the production volume increased by 8.5%. Iron and steel production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Iron And Steel Exports

Exports from Hong Kong SAR, China

In 2021, after two years of decline, there was significant growth in overseas shipments of iron and steel, when their volume increased by 33% to X tons. In general, exports, however, recorded a sharp shrinkage. The growth pace was the most rapid in 2015 with an increase of 286%. Over the period under review, the exports reached the peak figure at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, iron and steel exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt curtailment. The pace of growth was the most pronounced in 2014 when exports increased by 247%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Denmark (X tons), Indonesia (X tons) and the UK (X kg) were the main destinations of iron and steel exports from Hong Kong SAR, with a combined 75% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Denmark (with a CAGR of +99.1%), while the other leaders experienced mixed trend patterns.

In value terms, the largest markets for iron and steel exported from Hong Kong SAR were Indonesia ($X), the UK ($X) and Denmark ($X), with a combined 75% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +86.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average iron and steel export price amounted to less than $X per ton, waning by 99.9% against the previous year. Overall, the export price, however, showed a tangible increase. The growth pace was the most rapid in 2021 an increase of 122% against the previous year. As a result, the export price attained the peak level of $X per ton, and then dropped notably in the following year.

There were significant differences in the average prices for the major export markets. In 2022, the country with the highest price was the UK ($X per ton), while the average price for exports to Denmark ($X 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 Philippines (+28.6%), while the prices for the other major destinations experienced more modest paces of growth.

Iron And Steel Imports

Imports into Hong Kong SAR, China

In 2021, approx. X tons of iron and steel were imported into Hong Kong SAR; surging by 81% against 2020. Overall, imports posted a significant expansion. The growth pace was the most rapid in 2013 when imports increased by 983% against the previous year. Over the period under review, imports reached the maximum in 2021 and are likely to continue growth in years to come.

In value terms, iron and steel imports surged to $X in 2021. In general, imports showed a significant increase. The most prominent rate of growth was recorded in 2013 when imports increased by 461%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

Brazil (X tons) and Malaysia (X tons) were the main suppliers of iron and steel imports to Hong Kong SAR.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +112.8%).

In value terms, Brazil ($X) and Malaysia ($X) were the largest iron and steel suppliers to Hong Kong SAR.

Malaysia, with a CAGR of +117.7%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average iron and steel import price stood at less than $X per ton in 2022, waning by 99.9% against the previous year. Overall, the import price recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 an increase of 58%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, the country with the highest price was Malaysia ($X per ton), while the price for Brazil stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+137.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Base Year Historical Period Forecast Period Units
2022 2012-2022 2023-2030 US$, Tons

Frequently Asked Questions (FAQ) :

What are the largest markets for iron and steel in the world?
+
The country with the largest volume of iron and steel consumption was China, accounting for 55% of total volume. Moreover, iron and steel consumption in China exceeded the figures recorded by the second-largest consumer, Japan, more than tenfold. India ranked third in terms of total consumption with a 5.1% share.
What are the largest producers of iron and steel in the world?
+
The country with the largest volume of iron and steel production was China, accounting for 55% of total volume. Moreover, iron and steel production in China exceeded the figures recorded by the second-largest producer, India, more than tenfold. Japan ranked third in terms of total production with a 5.1% share.
What are the leading suppliers of iron and steel to Hong Kong SAR, China?
+
In value terms, the largest iron and steel suppliers to Hong Kong SAR were Brazil and Malaysia.
What are the leading importers of iron and steel from Hong Kong SAR, China?
+
In value terms, Indonesia, the UK and Denmark appeared to be the largest markets for iron and steel exported from Hong Kong SAR worldwide, together comprising 75% of total exports.
What is the average export price for iron and steel in Hong Kong SAR, China?
+
In 2022, the average iron and steel export price amounted to less than $0.1 per ton, with a decrease of 99.9% against the previous year.
What is the average import price for iron and steel in Hong Kong SAR, China?
+
In 2022, the average iron and steel import price amounted to less than $0.1 per ton, which is down by 99.9% against the previous year.

This report provides an in-depth analysis of the iron and steel market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.


Product coverage:
Country coverage:
• Hong Kong SAR

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Hong Kong SAR, China
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
REPORT DESCRIPTION
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
Webinar: Decarbonisation and Your Business Strategy - Zero Net Carbon Buildings

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 22nd, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Tools and Marketplaces

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, February 8th, 2022 @ 04:00 pm ET

Webinar: Decarbonisation and Your Business Strategy - Steps and Practices

Join us in our latest webinar series to get insights from industry experts and engage in a productive discussion!



Tuesday, January 25th, 2022 @ 04:00 pm ET