Report Update Apr 1, 2024

Hong Kong SAR, China - Welded and Cold-Formed Sections of Steel - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Market for Welded And Cold-Formed Sections Of Steel 2024

Market Size for Welded And Cold-Formed Sections Of Steel in Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in the Hong Kong market for welded and cold-formed sections of steel, when its value decreased by X% to $X. Over the period under review, consumption saw a perceptible downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Production of Welded And Cold-Formed Sections Of Steel in Hong Kong SAR, China

In value terms, welded and cold-formed steel sections production reached $X in 2022 estimated in export price. Over the period under review, production recorded a noticeable setback. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Exports of Welded And Cold-Formed Sections Of Steel

Exports from Hong Kong SAR, China

For the fourth consecutive year, Hong Kong SAR recorded decline in overseas shipments of welded and cold-formed sections of steel, which decreased by X% to X tons in 2022. Overall, exports saw a dramatic curtailment. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, welded and cold-formed steel sections exports fell significantly to $X in 2022. Over the period under review, exports saw a sharp reduction. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Macao SAR (X tons) was the main destination for welded and cold-formed steel sections exports from Hong Kong SAR, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR stood at X%.

In value terms, Macao SAR ($X) also remains the key foreign market for welded and cold-formed sections of steel exports from Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value to Macao SAR stood at X%.

Export Prices by Country

The average export price for welded and cold-formed sections of steel stood at $X per ton in 2022, falling by X% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, welded and cold-formed steel sections export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2014 an increase of X%. The export price peaked at $X per ton in 2021, and then reduced in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to X% per year.

Imports of Welded And Cold-Formed Sections Of Steel

Imports into Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in overseas purchases of welded and cold-formed sections of steel, when their volume decreased by X% to X tons. In general, imports showed a perceptible decrease. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Imports peaked at X tons in 2021, and then contracted markedly in the following year.

In value terms, welded and cold-formed steel sections imports declined rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate temperate growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at $X in 2021, and then reduced dramatically in the following year.

Imports by Country

In 2022, China (X tons) was the main welded and cold-formed steel sections supplier to Hong Kong SAR, accounting for a approx. X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of welded and cold-formed sections of steel to Hong Kong SAR.

From 2012 to 2022, the average annual growth rate of value from China stood at X%.

Import Prices by Country

In 2022, the average import price for welded and cold-formed sections of steel amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to X% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for welded and cold-formed sections of steel in the world?

The countries with the highest volumes of consumption in 2022 were China, the United States and India, together comprising 36% of global consumption. Japan, Indonesia, Pakistan, Russia, Germany, Brazil, France, the UK, Mexico and Ireland lagged somewhat behind, together accounting for a further 32%.

What are the largest producers of welded and cold-formed sections of steel in the world?

The countries with the highest volumes of production in 2022 were China, the United States and India, together accounting for 37% of global production. Japan, Indonesia, Germany, Pakistan, Russia, Brazil, France, the UK, Mexico and Iran lagged somewhat behind, together comprising a further 32%.

What are the leading suppliers of welded and cold-formed sections of steel to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of welded and cold-formed sections of steel to Hong Kong SAR.

What are the leading importers of welded and cold-formed sections of steel from Hong Kong SAR, China?

In value terms, Macao SAR remains the key foreign market for welded and cold-formed sections of steel exports from Hong Kong SAR.

What is the average export price for welded and cold-formed sections of steel in Hong Kong SAR, China?

The average export price for welded and cold-formed sections of steel stood at $1,167 per ton in 2022, shrinking by -5.2% against the previous year.

What is the average import price for welded and cold-formed sections of steel in Hong Kong SAR, China?

In 2022, the average import price for welded and cold-formed sections of steel amounted to $1,362 per ton, dropping by -2.3% against the previous year.

This report provides an in-depth analysis of the market for welded and cold-formed steel sections 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:

Prodcom 24107420 - Welded and cold-formed sections (of steel)
Prodcom 2410T260 - Welded sections

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023