Hong Kong SAR, China: Market for Iron Or Steel Leaf-Springs And Leaves 2022

Market Size for Iron Or Steel Leaf-Springs And Leaves in Hong Kong SAR, China

The Hong Kong market for iron or steel leaf-springs and leaves was finally on the rise to reach $X in 2020, after two years of decline. In general, consumption recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 when the market value increased by X% against the previous year. Consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

Production of Iron Or Steel Leaf-Springs And Leaves in Hong Kong SAR, China

In value terms, production of iron or steel leaf-springs and leaves surged to $X in 2020 estimated in export prices. In general, the total production indicated a tangible increase from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2010 when the production volume increased by X% y-o-y. Production peaked in 2020 and is expected to retain growth in years to come.

Exports of Iron Or Steel Leaf-Springs And Leaves

Exports from Hong Kong SAR, China

Exports of iron or steel leaf-springs and leaves from Hong Kong SAR surged to X tons in 2020, with an increase of X% against the previous year's figure. In general, exports posted a slight increase. Exports peaked at X tons in 2014; however, from 2015 to 2020, exports remained at a lower figure.

In value terms, exports of iron or steel leaf-springs and leaves surged to $X in 2020. Overall, exports continue to indicate a buoyant increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X tons), India (X tons) and the Philippines (X tons) were the main destinations of exports of iron or steel leaf-springs and leaves from Hong Kong SAR, together comprising X% of total exports. These countries were followed by the U.S. and the Czech Republic, which together accounted for a further X 2007 to 2020, the biggest increases were in the Czech Republic, while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) emerged as the key foreign market for iron or steel leaf-spring and leave exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by India ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+X% per year) and the Philippines (+X% per year).

Export Prices by Country

In 2020, the average export price for iron or steel leaf-springs and leaves amounted to $X per ton, with an increase of X% against the previous year. In general, the export price saw a buoyant expansion. As a result, export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2020, the country with the highest price was China ($X per ton), while the average price for exports to the U.S. ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines, while the prices for the other major destinations experienced more modest paces of growth.

Imports of Iron Or Steel Leaf-Springs And Leaves

Imports into Hong Kong SAR, China

In 2020, supplies from abroad of iron or steel leaf-springs and leaves increased by X% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% y-o-y. As a result, imports reached the peak of X tons. from 2015 to 2020, the growth of imports remained at a lower figure.

In value terms, imports of iron or steel leaf-springs and leaves shrank rapidly to $X in 2020. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, China (X tons) constituted the largest supplier of iron or steel leaf-spring and leave to Hong Kong SAR, with a X% share of total imports. Moreover, imports of iron or steel leaf-springs and leaves from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. Austria (X tons) ranked third in terms of total imports with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-X% per year) and Austria (+X% per year).

In value terms, China ($X) constituted the largest supplier of iron or steel leaf-spring and leave to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Austria ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Austria (+X% per year) and Japan (-X% per year).

Import Prices by Country

In 2020, the average import price for iron or steel leaf-springs and leaves amounted to $X per ton, dropping by -X% against the previous year. Over the period under review, the import price, however, saw a strong increase. The growth pace was the most rapid in 2008 when the average import price increased by X% year-to-year. The import price peaked at $X per ton in 2018; however, from 2019 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Austria ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Malaysia, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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