Hong Kong SAR, China: Metal Screw Hook Market 2024

Metal Screw Hook Market Size in Hong Kong SAR, China

The Hong Kong metal screw hook market shrank rapidly to $X in 2022, falling by -56.8% against the previous year. Overall, consumption continues to indicate a abrupt decline. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Metal Screw Hook Production in Hong Kong SAR, China

In value terms, metal screw hook production soared to $X in 2022 estimated in export price. Over the period under review, production showed a moderate expansion. The pace of growth was the most pronounced in 2014 when the production volume increased by 223% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Metal Screw Hook Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of iron or steel screw hooks and screw rings increased by 12% to X tons, rising for the second year in a row after six years of decline. Overall, exports saw notable growth. The pace of growth appeared the most rapid in 2013 with an increase of 320% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, metal screw hook exports surged to $X in 2022. Over the period under review, exports recorded measured growth. The growth pace was the most rapid in 2013 with an increase of 212% against the previous year. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

India (X tons), Italy (X tons) and China (X tons) were the main destinations of metal screw hook exports from Hong Kong SAR, with a combined 67% share of total exports. Mexico, the United States, Thailand, the UK and Macao SAR lagged somewhat behind, together comprising a further 27%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of +192.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for metal screw hook exported from Hong Kong SAR were India ($X), China ($X) and Italy ($X), with a combined 74% share of total exports. Mexico, the United States, Thailand, the UK and Macao SAR lagged somewhat behind, together comprising a further 20%.

In terms of the main countries of destination, Mexico, with a CAGR of +300.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average metal screw hook export price amounted to $X per ton, with an increase of 13% against the previous year. In general, the export price posted a modest expansion. The pace of growth appeared the most rapid in 2017 an increase of 66% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per ton), while the average price for exports to Macao SAR ($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 Mexico (+36.6%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Screw Hook Imports

Imports into Hong Kong SAR, China

In 2022, imports of iron or steel screw hooks and screw rings into Hong Kong SAR dropped dramatically to X tons, reducing by -85.9% against the year before. In general, imports continue to indicate a abrupt setback. The growth pace was the most rapid in 2018 when imports increased by 131% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, metal screw hook imports declined sharply to $X in 2022. Over the period under review, imports showed a sharp downturn. The growth pace was the most rapid in 2021 when imports increased by 75% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main metal screw hook supplier to Hong Kong SAR, accounting for a 92% share of total imports. Moreover, metal screw hook imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -14.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-31.7% per year) and Japan (-27.7% per year).

In value terms, China ($X), Taiwan (Chinese) ($X) and Japan ($X) appeared to be the largest metal screw hook suppliers to Hong Kong SAR, with a combined 88% share of total imports.

China, with a CAGR of +0.1%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average metal screw hook import price amounted to $X per ton, jumping by 41% against the previous year. Overall, the import price, however, saw a perceptible curtailment. The pace of growth was the most pronounced in 2020 when the average import price increased by 82% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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