Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Hong Kong SAR - 2023
Contents:
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Hong Kong SAR (CIF) - 2022
- Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Hong Kong SAR (FOB) - 2023
- Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Hong Kong SAR
- Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Hong Kong SAR
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for containers for compressed or liquefied gas, of iron or steel amounted to $13 per unit, with an increase of 39% against the previous year. In general, the import price enjoyed a slight increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by 118%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($56 per unit), while the price for Bangladesh ($0.7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Containers for Compressed or Liquefied Gas, of Iron or Steel in Hong Kong SAR (FOB) - 2023
In December 2023, the average export price for containers for compressed or liquefied gas, of iron or steel amounted to $5.7 per unit, with an increase of 132% against the previous month. In general, the export price showed strong growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for China.
From December 2022 to December 2023, the rate of growth in terms of prices for China amounted to +7.3% per month.
Imports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Hong Kong SAR
In 2022, supplies from abroad of containers for compressed or liquefied gas, of iron or steel increased by 2.5% to 460K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a significant decline. Over the period under review, imports of attained the peak figure at 974K units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of containers for compressed or liquefied gas, of iron or steel surged to $5.8M in 2022. Over the period under review, imports, however, continue to indicate a mild reduction. Over the period under review, imports of reached the maximum at $6M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Containers for Compressed or Liquefied Gas, of Iron or Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,506 | 2,054 | 2,195 | 1,743 | -11.4% |
| United States | 519 | 272 | 284 | 985 | 23.8% |
| Malaysia | 329 | 402 | 408 | 944 | 42.1% |
| Germany | 1,196 | 5.5 | 64.0 | 835 | -11.3% |
| France | 386 | 209 | 207 | 553 | 12.7% |
| Thailand | 131 | 136 | 242 | 240 | 22.4% |
| South Korea | 35.1 | 408 | 2.1 | 166 | 67.9% |
| Taiwan (Chinese) | 525 | 151 | 15.0 | 64.7 | -50.2% |
| Singapore | 68.8 | 56.4 | 472 | 57.0 | -6.1% |
| Indonesia | 39.5 | 32.2 | 3.3 | 35.5 | -3.5% |
| Vietnam | 50.2 | 66.7 | 7.1 | 11.6 | -38.6% |
| Bangladesh | 1.1 | 2.5 | N/A | 7.7 | 91.3% |
| Others | 260 | 156 | 154 | 139 | -18.8% |
| Total | 6,046 | 3,952 | 4,053 | 5,782 | -1.5% |
Top Suppliers of Containers for Compressed or Liquefied Gas, of Iron or Steel to Hong Kong SAR in 2022:
- China (158.7K units)
- South Korea (60.9K units)
- Germany (58.9K units)
- Indonesia (32.0K units)
- United States (22.4K units)
- Malaysia (20.5K units)
- Taiwan (Chinese) (18.1K units)
- Thailand (13.3K units)
- Bangladesh (11.6K units)
- Singapore (10.9K units)
- Vietnam (10.8K units)
- France (9.8K units)
Exports of Containers for Compressed or Liquefied Gas, of Iron or Steel in Hong Kong SAR
In 2022, shipments abroad of containers for compressed or liquefied gas, of iron or steel decreased by -3.9% to 704K units, falling for the second year in a row after two years of growth. The total export volume increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 38%. As a result, the exports reached the peak of 808K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of containers for compressed or liquefied gas, of iron or steel fell to $4M in 2022. The total export value increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 43%. As a result, the exports reached the peak of $4.1M, and then fell in the following year.
| Export of Containers for Compressed or Liquefied Gas, of Iron or Steel in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.9 | 2.2 | 3.7 | 1.9 | 0.0% |
| Taiwan (Chinese) | 0.3 | 0.1 | N/A | 1.6 | 74.7% |
| Others | 1.0 | 0.6 | 0.4 | 0.5 | -20.6% |
| Total | 3.2 | 2.9 | 4.1 | 4.0 | 7.7% |
Top Export Markets for Containers for Compressed or Liquefied Gas, of Iron or Steel from Hong Kong SAR in 2022:
- China (575.8K units)
- Taiwan (Chinese) (119.7K units)
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