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Hong Kong SAR, China - Aluminum (Unwrought, Not Alloyed) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAluminium Price in Hong Kong SAR - 2023
Contents:
- Aluminium Price in Hong Kong SAR (CIF) - 2022
- Aluminium Price in Hong Kong SAR (FOB) - 2022
- Aluminium Imports in Hong Kong SAR
- Aluminium Exports in Hong Kong SAR
Aluminium Price in Hong Kong SAR (CIF) - 2022
The average aluminium import price stood at $2,945 per ton in 2022, with an increase of 13% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium import price increased by +66.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 47%. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Oman ($3,138 per ton) and Thailand ($3,047 per ton), while the price for Singapore ($2,608 per ton) and New Zealand ($2,881 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Oman (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Aluminium Price in Hong Kong SAR (FOB) - 2022
In 2022, the average aluminium export price amounted to $3,068 per ton, surging by 12% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, aluminium export price increased by +64.2% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 46%. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Switzerland ($3,692 per ton) and Belgium ($3,631 per ton), while the average price for exports to China ($2,686 per ton) and Taiwan (Chinese) ($2,793 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.
Aluminium Imports in Hong Kong SAR
In 2022, the amount of aluminum (unwrought, not alloyed) imported into Hong Kong SAR shrank sharply to 17K tons, with a decrease of -42.8% compared with the previous year. Overall, imports faced a abrupt slump. The growth pace was the most rapid in 2021 when imports increased by 34%. As a result, imports reached the peak of 30K tons, and then declined markedly in the following year.
In value terms, aluminium imports fell significantly to $51M in 2022. Over the period under review, imports, however, enjoyed mild growth. The pace of growth appeared the most rapid in 2021 when imports increased by 97%. As a result, imports attained the peak of $80M, and then fell significantly in the following year.
Import of Aluminium in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 43.6 | 18.5 | 22.7 | 23.2 | -19.0% |
Australia | 1.4 | 6.5 | 27.9 | 11.4 | 101.2% |
Singapore | N/A | N/A | N/A | 6.5 | 0% |
Oman | 1.0 | 11.1 | 14.5 | 4.4 | 63.9% |
New Zealand | N/A | 0.3 | 7.4 | 3.6 | 246.4% |
Thailand | 2.1 | 0.8 | N/A | 2.3 | 3.1% |
United Arab Emirates | N/A | N/A | 6.0 | N/A | 0% |
Others | 0.5 | 3.3 | 1.0 | N/A | 41.4% |
Total | 48.7 | 40.4 | 79.6 | 51.4 | 1.8% |
Top Suppliers of Aluminium to Hong Kong SAR in 2022:
- South Africa (7.8K tons)
- Australia (3.8K tons)
- Singapore (2.5K tons)
- Oman (1.4K tons)
- New Zealand (1.2K tons)
- Thailand (0.7K tons)
Aluminium Exports in Hong Kong SAR
In 2022, approx. 2.2K tons of aluminum (unwrought, not alloyed) were exported from Hong Kong SAR; with an increase of 436% against 2021 figures. In general, exports showed significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, aluminium exports surged to $6.8M in 2022. Over the period under review, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Aluminium in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Taiwan (Chinese) | N/A | N/A | N/A | 3.5 | 0% |
Belgium | N/A | N/A | N/A | 1.8 | 0% |
Switzerland | N/A | N/A | N/A | 0.9 | 0% |
China | 0.3 | 0.9 | 1.1 | 0.6 | 26.0% |
India | 0.3 | N/A | N/A | N/A | 0% |
Others | N/A | N/A | N/A | N/A | 0% |
Total | 0.6 | 0.9 | 1.1 | 6.8 | 124.6% |
Top Export Markets for Aluminium from Hong Kong SAR in 2022:
- Taiwan (Chinese) (1243.5 tons)
- Belgium (492.6 tons)
- Switzerland (243.5 tons)
- China (232.9 tons)
This report provides an in-depth analysis of the aluminium market 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 24421130 - Unwrought non-alloy aluminium (excluding powders and flakes)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the aluminium market in Hong Kong SAR, China.
This report provides an in-depth analysis of the aluminum market in Hong Kong SAR, China.
This report provides an in-depth analysis of the unwrought aluminium alloys market in Hong Kong SAR, China.
This report provides an in-depth analysis of the aluminium and titanium market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global aluminium market.
This report provides an in-depth analysis of the global aluminum market.
This report provides an in-depth analysis of the global unwrought aluminium alloys market.
This report provides an in-depth analysis of the global aluminium and titanium market.
This report provides an in-depth analysis of the aluminium market in Hong Kong SAR, China.
This report provides an in-depth analysis of the aluminum market in Hong Kong SAR, China.
The global aluminium industry relies heavily on import and export markets to meet the growing demand for this versatile metal. Aluminium is used in various industries, including construction, automotive, packaging, and aerospace, making it one of the most sought-after commodities worldwide. In this article, we will explore the world's best import markets for aluminium, providing key statistics and insights.
In 2016, approx. X tons of aluminium were imported worldwide- remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X>
In 2016, approx. X tons of aluminium were imported worldwide- remaining relatively unchanged against the previous year figure. The total import volume increased at an average annual rate of +X>
The global trade in unwrought aluminum amounted to X million USD in 2015, showing strong fluctuations over the period under review. A significant drop in 2009 was followed by recovery over the next two years, until exports decreased again. Overall
Despite a drop in exports in 2014, Canada continued to dominate in the global unwrought, not alloyed aluminium trade. Canada exported X thousand tons of unwrought, not alloyed aluminium in 2014, totaling X million USD, X% under the previous
Discover the top import markets for aluminum worldwide and their import values in 2022. Learn about the leading countries like the United States, Netherlands, Germany, Japan, China, and more. Find key statistics and insights on the global aluminum market.
Throughout this year, global aluminum prices continuously grew and in October 2021 gained 62% compared to October 2020. China's output has decreased due to restrictions on energy usage and halted production at a 300K-ton capacity factory in Yunnan province. As a consequence, the average yearly price in 2022 is projected to rise by 6% y-o-y. Despite rising prices, the U.S., the world´s largest aluminum importer, expanded its purchases by 4.5% against 2020.
Prices for aluminum this year will remain low thanks to the consistent growth in global production of the metal overcoming obstacles caused by the pandemic. In the mid-term, demand for aluminum in the construction sector and car manufacturing is forecast to steadily rise. The rapid development of alternative energy sources will also drive the market up because aluminum is used in the production of solar batteries, wind generators and other components of energy facilities. In China, the launch of quotas on greenhouse gas emissions could lead to higher prices for aluminum as production for the metal in the country leaves a heavy carbon footprint.
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