Alloy Steel Powders Price in Hong Kong SAR - 2023
Contents:
- Alloy Steel Powders Price in Hong Kong SAR (FOB) - 2023
- Alloy Steel Powders Price in Hong Kong SAR (CIF) - 2023
- Alloy Steel Powders Exports in Hong Kong SAR
- Alloy Steel Powders Imports in Hong Kong SAR
Alloy Steel Powders Price in Hong Kong SAR (FOB) - 2023
The average alloy steel powders export price stood at $10,893 per ton in June 2023, growing by 72% against the previous month. Overall, the export price saw a buoyant increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for China.
From June 2022 to June 2023, the rate of growth in terms of prices for Malaysia amounted to +8.8% per month.
Alloy Steel Powders Price in Hong Kong SAR (CIF) - 2023
The average alloy steel powders import price stood at $11,024 per ton in June 2023, jumping by 63% against the previous month. In general, import price indicated a modest increase from June 2022 to June 2023: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, alloy steel powders import price increased by +63.4% against May 2023 indices. The most prominent rate of growth was recorded in January 2023 an increase of 151% against the previous month. The import price peaked at $11,932 per ton in September 2022; however, from October 2022 to June 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Japan.
From June 2022 to June 2023, the rate of growth in terms of prices for Japan amounted to +2.8% per month.
Alloy Steel Powders Exports in Hong Kong SAR
In 2022, after two years of decline, there was growth in shipments abroad of alloy steel powderses, when their volume increased by 2.5% to 937 tons. Overall, exports, however, faced a abrupt decrease.
In value terms, alloy steel powders exports expanded significantly to $5.6M in 2022. Over the period under review, exports, however, faced a dramatic setback.
| Export of Alloy Steel Powders in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.0 | 12.3 | 4.8 | 5.3 | -33.5% |
| Malaysia | N/A | N/A | N/A | 0.2 | 0% |
| Others | 0.6 | 0.1 | 0.2 | 0.1 | -45.0% |
| Total | 18.6 | 12.4 | 5.0 | 5.6 | -33.0% |
Top Export Markets for Alloy Steel Powders from Hong Kong SAR in 2022:
- China (823.9 tons)
- Malaysia (108.1 tons)
Alloy Steel Powders Imports in Hong Kong SAR
In 2022, the amount of alloy steel powderses imported into Hong Kong SAR dropped rapidly to 357 tons, reducing by -58% on 2021 figures. Over the period under review, imports faced a precipitous setback. The smallest decline of -19.9% was in 2021.
In value terms, alloy steel powders imports fell dramatically to $3.1M in 2022. Overall, imports recorded a dramatic descent.
| Import of Alloy Steel Powders in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 7.2 | 4.7 | 3.8 | 2.8 | -27.0% |
| South Korea | N/A | N/A | N/A | 0.2 | 0% |
| China | 1.6 | 0.3 | 0.5 | 0.1 | -60.3% |
| Taiwan (Chinese) | 2.4 | 0.3 | N/A | N/A | -87.5% |
| Germany | 5.4 | 4.5 | N/A | N/A | -16.7% |
| Others | N/A | 0.1 | 0.3 | N/A | 200.0% |
| Total | 16.6 | 10.0 | 4.5 | 3.1 | -42.8% |
Top Suppliers of Alloy Steel Powders to Hong Kong SAR in 2022:
- Japan (331.5 tons)
- China (15.9 tons)
- South Korea (9.0 tons)
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