Price for Containers for Compressed or Liquefied Gas, of Aluminium in Hong Kong SAR - 2023

Contents:

  1. Price for Containers for Compressed or Liquefied Gas, of Aluminium in Hong Kong SAR (CIF) - 2022
  2. Price for Containers for Compressed or Liquefied Gas, of Aluminium in Hong Kong SAR (FOB) - 2022
  3. Imports of Containers for Compressed or Liquefied Gas, of Aluminium in Hong Kong SAR
  4. Exports of Containers for Compressed or Liquefied Gas, of Aluminium in Hong Kong SAR

Price for Containers for Compressed or Liquefied Gas, of Aluminium in Hong Kong SAR (CIF) - 2022

The average import price for containers for compressed or liquefied gas, of aluminium stood at $13 per unit in 2022, reducing by -29.3% against the previous year. Over the period under review, the import price showed a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $50 per unit. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($35 per unit), while the price for China ($8.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+1.9%), while the prices for the other major suppliers experienced a decline.

Price for Containers for Compressed or Liquefied Gas, of Aluminium in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for containers for compressed or liquefied gas, of aluminium amounted to $20 per unit, with a decrease of -39.1% against the previous year. Overall, the export price saw a noticeable contraction. The growth pace was the most rapid in 2014 when the average export price increased by 51% against the previous year. The export price peaked at $44 per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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 Singapore ($115 per unit), while the average price for exports to China ($11 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+10.4%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Containers for Compressed or Liquefied Gas, of Aluminium in Hong Kong SAR

In 2022, the amount of containers for compressed or liquefied gas, of aluminium imported into Hong Kong SAR surged to 114K units, picking up by 24% on 2021. Overall, imports showed significant growth. The growth pace was the most rapid in 2021 when imports increased by 241%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, imports of containers for compressed or liquefied gas, of aluminium dropped to $1.4M in 2022. Over the period under review, imports, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 79%. Imports peaked at $1.6M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Containers for Compressed or Liquefied Gas, of Aluminium in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China37610349181829.6%
United States746363640270-28.7%
United Kingdom77.910432.212015.5%
Singapore11542.450.346.4-26.1%
Taiwan (Chinese)42.641.024.531.1-10.0%
JapanN/A11.520818.727.5%
Others273243178123-23.3%
Total1,6319081,6241,427-4.4%

Top Suppliers of Containers for Compressed or Liquefied Gas, of Aluminium to Hong Kong SAR in 2022:

  1. China (94.6K units)
  2. United States (7.8K units)
  3. United Kingdom (6.1K units)
  4. Taiwan (Chinese) (2.4K units)
  5. Singapore (1.5K units)
  6. Japan (1.1K units)

Exports of Containers for Compressed or Liquefied Gas, of Aluminium in Hong Kong SAR

Exports of containers for compressed or liquefied gas, of aluminium from Hong Kong SAR surged to 45K units in 2022, increasing by 33% on 2021. In general, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 93%. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of containers for compressed or liquefied gas, of aluminium dropped significantly to $909K in 2022. Overall, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.8% 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 +25.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 48% against the previous year. As a result, the exports reached the peak of $1.1M, and then dropped remarkably in the following year.

Export of Containers for Compressed or Liquefied Gas, of Aluminium in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China538288384440-6.5%
Germany42.5352597357103.3%
Singapore49.48.615.762.38.0%
United States56.232.257.522.2-26.6%
Indonesia20.5N/AN/AN/A0%
Taiwan (Chinese)N/A69.00.3N/A-99.6%
Others18.84.665.627.713.8%
Total7257541,1199097.8%

Top Export Markets for Containers for Compressed or Liquefied Gas, of Aluminium from Hong Kong SAR in 2022:

  1. China (38.5K units)
  2. Germany (4.8K units)
  3. United States (0.6K units)
  4. Singapore (0.5K units)

Source: IndexBox Market Intelligence Platform

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