Price for Cermets; Articles Thereof, Including Waste and Scrap in Hong Kong SAR - 2024

Contents:

1. Price for Cermets; Articles Thereof, Including Waste and Scrap in Hong Kong SAR (FOB) - 2022
2. Price for Cermets; Articles Thereof, Including Waste and Scrap in Hong Kong SAR (CIF) - 2022
3. Exports of Cermets; Articles Thereof, Including Waste and Scrap in Hong Kong SAR
4. Imports of Cermets; Articles Thereof, Including Waste and Scrap in Hong Kong SAR

Price for Cermets; Articles Thereof, Including Waste and Scrap in Hong Kong SAR (FOB) - 2022

The average export price for cermets; articles thereof, including waste and scrap stood at $321,791 per ton in 2022, rising by 16% against the previous year. Over the period under review, the export price saw a resilient increase. The pace of growth was the most pronounced in 2015 an increase of 96%. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($328,463 per ton), while the average price for exports to the United States totaled $18,332 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.4%).

Price for Cermets; Articles Thereof, Including Waste and Scrap in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for cermets; articles thereof, including waste and scrap amounted to $196,528 per ton, jumping by 17% against the previous year. In general, the import price showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 369% against the previous year. The import price peaked at $198,453 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($247,196 per ton), while the price for Japan amounted to $196,154 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+32.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Cermets; Articles Thereof, Including Waste and Scrap in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of cermets; articles thereof, including waste and scrap, which decreased by -28.3% to 45 tons in 2022. Overall, exports faced a precipitous decrease. The smallest decline of -14.4% was in 2020.

In value terms, exports of cermets; articles thereof, including waste and scrap fell sharply to $14M in 2022. Over the period under review, exports recorded a deep setback. The most prominent rate of growth was recorded in 2020 with an increase of 13%. As a result, the exports reached the peak of $20M. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

Top Export Markets for Cermets; Articles Thereof, Including Waste and Scrap from Hong Kong SAR in 2022:

1. China (43.6 tons)

Imports of Cermets; Articles Thereof, Including Waste and Scrap in Hong Kong SAR

In 2022, overseas purchases of cermets; articles thereof, including waste and scrap decreased by -36.7% to 69 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a abrupt contraction. The most prominent rate of growth was recorded in 2020 when imports increased by 53%. As a result, imports reached the peak of 133 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of cermets; articles thereof, including waste and scrap shrank sharply to $13M in 2022. Overall, imports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 14%. As a result, imports attained the peak of $20M. From 2021 to 2022, the growth of imports of failed to regain momentum.

Top Suppliers of Cermets; Articles Thereof, Including Waste and Scrap to Hong Kong SAR in 2022:

1. Japan (67.9 tons)

Source: IndexBox Market Intelligence Platform