Hong Kong SAR, China: Mill Rolling Roll Market 2022

Mill Rolling Roll Market Size in Hong Kong SAR, China

The Hong Kong mill rolling roll market expanded markedly to $X in 2021, surging by X% against the previous year. In general, consumption, however, faced a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Mill Rolling Roll Production in Hong Kong SAR, China

In value terms, mill rolling roll production expanded slightly to $X in 2021 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Mill Rolling Roll Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of rolls for rolling mills decreased by -X% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, exports, however, continue to indicate pronounced growth. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, mill rolling roll exports declined markedly to $X in 2021. In general, exports, however, showed a sharp setback. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for mill rolling roll exports from Hong Kong SAR, with a approx. X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to China amounted to +X%.

From 2012 to 2021, the average annual growth rate of value to China stood at +X%.

Export Prices by Country

In 2021, the average mill rolling roll export price amounted to $X per unit, reducing by -X% against the previous year. Over the period under review, the export price continues to indicate a sharp curtailment. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -X% per year.

Mill Rolling Roll Imports

Imports into Hong Kong SAR, China

In 2021, approx. X units of rolls for rolling mills were imported into Hong Kong SAR; increasing by X% compared with the previous year's figure. In general, imports, however, recorded a precipitous decrease. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, mill rolling roll imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest mill rolling roll supplier to Hong Kong SAR, with a X% share of total imports. Moreover, mill rolling roll imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled +X%.

In value terms, Japan ($X) and the United States ($X) appeared to be the largest mill rolling roll suppliers to Hong Kong SAR.

The United States, with a CAGR of +X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average mill rolling roll import price stood at $X per unit in 2021, jumping by X% against the previous year. Over the period under review, the import price posted a buoyant expansion. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($X per unit), while the price for Japan totaled $X per unit.

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

Source: IndexBox Platform