Hong Kong SAR, China - Aluminum and Alloys - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAluminum Price in Hong Kong SAR - 2023
Contents:
- Aluminum Price in Hong Kong SAR (CIF) - 2023
- Aluminum Price in Hong Kong SAR (FOB) - 2023
- Aluminum Imports in Hong Kong SAR
- Aluminum Exports in Hong Kong SAR
Aluminum Price in Hong Kong SAR (CIF) - 2023
The average aluminum import price stood at $2,270 per ton in June 2023, surging by 2.6% against the previous month. In general, the import price, however, saw a pronounced setback. The pace of growth was the most pronounced in February 2023 an increase of 14% m-o-m. Over the period under review, average import prices reached the peak figure at $3,112 per ton in July 2022; however, from August 2022 to June 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($2,549 per ton), while the price for the United States ($1,149 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Aluminum Price in Hong Kong SAR (FOB) - 2023
The average aluminum export price stood at $2,054 per ton in June 2023, almost unchanged from the previous month. In general, the export price continues to indicate a mild decline. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 19% against the previous month. As a result, the export price reached the peak level of $2,651 per ton. From September 2022 to June 2023, the the average export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In June 2023, the country with the highest price was China ($2,112 per ton), while the average price for exports to Malaysia totaled $1,898 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+5.2%), while the prices for the other major destinations experienced mixed trend patterns.
Aluminum Imports in Hong Kong SAR
Aluminum imports into Hong Kong SAR contracted sharply to 23K tons in 2022, waning by -34.5% against 2021. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year. As a result, imports reached the peak of 34K tons, and then declined dramatically in the following year.
In value terms, aluminum imports declined markedly to $64M in 2022. Over the period under review, imports, however, recorded a notable expansion. The pace of growth was the most pronounced in 2021 with an increase of 97%. As a result, imports reached the peak of $89M, and then dropped sharply in the following year.
Import of Aluminum in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
South Africa | 43.6 | 18.5 | 22.9 | 23.2 | -19.0% |
Australia | 1.5 | 6.5 | 27.9 | 11.4 | 96.6% |
Singapore | N/A | N/A | N/A | 6.5 | 0% |
Oman | 1.0 | 11.1 | 14.5 | 4.4 | 63.9% |
China | 3.7 | 1.7 | 1.8 | 3.6 | -0.9% |
New Zealand | N/A | 0.3 | 7.4 | 3.6 | 246.4% |
Malaysia | 0.8 | 2.7 | 3.3 | 2.9 | 53.6% |
Thailand | 2.9 | 1.2 | 1.1 | 2.9 | 0.0% |
Taiwan (Chinese) | 1.3 | 1.6 | 0.2 | 2.8 | 29.1% |
Others | 1.2 | 1.6 | 9.6 | 3.0 | 35.7% |
Total | 56.0 | 45.0 | 88.8 | 64.3 | 4.7% |
Top Suppliers of Aluminum to Hong Kong SAR in 2022:
- South Africa (7.8K tons)
- Australia (3.8K tons)
- Singapore (2.5K tons)
- China (1.5K tons)
- Oman (1.4K tons)
- Malaysia (1.2K tons)
- New Zealand (1.2K tons)
- Taiwan (Chinese) (1.0K tons)
- Thailand (0.9K tons)
Aluminum Exports in Hong Kong SAR
For the fourth consecutive year, Hong Kong SAR recorded growth in shipments abroad of aluminum, which increased by 28% to 12K tons in 2022. Overall, exports posted a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 117%. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, aluminum exports soared to $29M in 2022. Over the period under review, exports saw a significant expansion. The growth pace was the most rapid in 2021 with an increase of 46%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.
Export of Aluminum in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 10.6 | 14.2 | 19.3 | 21.7 | 27.0% |
Taiwan (Chinese) | N/A | N/A | 0.1 | 3.5 | 3400.0% |
Belgium | N/A | N/A | N/A | 1.8 | 0% |
Malaysia | 0.1 | N/A | 1.1 | 1.0 | 115.4% |
Switzerland | N/A | N/A | N/A | 0.9 | 0% |
Vietnam | N/A | 0.3 | 0.9 | 0.5 | 29.1% |
Others | 0.4 | 0.1 | N/A | N/A | -75.0% |
Total | 11.1 | 14.6 | 21.4 | 29.5 | 38.5% |
Top Export Markets for Aluminum from Hong Kong SAR in 2022:
- China (9.3K tons)
- Taiwan (Chinese) (1.2K tons)
- Malaysia (0.6K tons)
- Belgium (0.5K tons)
- Switzerland (0.2K tons)
- Vietnam (0.2K tons)
This report provides an in-depth analysis of the aluminum 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)
- Prodcom 24421154 - Unwrought aluminium alloys (excluding aluminium 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 aluminum market in Hong Kong SAR, China.
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 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 aluminum market.
This report provides an in-depth analysis of the global aluminium 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 aluminum market in Hong Kong SAR, China.
This report provides an in-depth analysis of the aluminium market in Hong Kong SAR, China.
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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