Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Hong Kong SAR - 2024

Contents:

1. Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Hong Kong SAR (FOB) - 2024
2. Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Hong Kong SAR (CIF) - 2024
3. Exports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Hong Kong SAR
4. Imports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Hong Kong SAR

Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Hong Kong SAR (FOB) - 2024

The average export price for base metals clad with silver; not further worked than semi-manufactured stood at $77,637 per ton in March 2024, shrinking by -14% against the previous month. Over the period under review, the export price saw a pronounced curtailment. The growth pace was the most rapid in January 2024 when the average export price increased by 59% m-o-m. Over the period under review, the average export prices attained the maximum at $138K per ton in March 2023; however, from April 2023 to March 2024, 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 March 2023 to March 2024, the rate of growth in terms of prices for China amounted to -4.7% per month.

Price for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Hong Kong SAR (CIF) - 2024

The average import price for base metals clad with silver; not further worked than semi-manufactured stood at $37,299 per ton in March 2024, rising by 1.7% against the previous month. Over the period under review, the import price, however, saw a perceptible descent. The pace of growth was the most pronounced in June 2023 an increase of 191% month-to-month. As a result, import price reached the peak level of $101K per ton. From July 2023 to March 2024, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Germany ($426K per ton), while the price for Japan ($23,847 per ton) was amongst the lowest.

From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Germany (+9.2%), while the prices for the other major suppliers experienced a decline.

Exports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Hong Kong SAR

In 2022, approx. 21 tons of base metals clad with silver; not further worked than semi-manufactured were exported from Hong Kong SAR; waning by -22.9% against the year before. Over the period under review, exports recorded a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 23%.

In value terms, exports of base metals clad with silver; not further worked than semi-manufactured contracted to $2.6M in 2022. Overall, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +37.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 58%. As a result, the exports attained the peak of $2.9M, and then shrank in the following year.

Top Export Markets for Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured from Hong Kong SAR in 2022:

1. China (20.9 tons)

Imports of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured in Hong Kong SAR

Imports of base metals clad with silver; not further worked than semi-manufactured into Hong Kong SAR dropped remarkably to 22 tons in 2022, reducing by -18.8% on the year before. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. As a result, imports attained the peak of 27 tons, and then shrank remarkably in the following year.

In value terms, imports of base metals clad with silver; not further worked than semi-manufactured fell remarkably to $2.4M in 2022. Over the period under review, imports recorded a noticeable decline. 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 $3.3M, and then reduced markedly in the following year.

Top Suppliers of Base Metals Clad with Silver; Not Further Worked than Semi-Manufactured to Hong Kong SAR in 2022:

1. Japan (16.6 tons)
2. Germany (1.9 tons)
3. China (1.7 tons)
4. United States (0.7 tons)
5. United Kingdom (0.6 tons)
6. Malaysia (0.1 tons)

Source: IndexBox Market Intelligence Platform