Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Hong Kong SAR - 2022
Contents:
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Hong Kong SAR (FOB) - 2022
- Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Hong Kong SAR (CIF) - 2022
- Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Hong Kong SAR
- Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Hong Kong SAR
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Hong Kong SAR (FOB) - 2022
The average export price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s stood at $3,832 per ton in 2022, surging by 22% against the previous year. Overall, the export price, however, faced a deep slump. The most prominent rate of growth was recorded in 2021 when the average export price increased by 77%. The export price peaked at $11,212 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat 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 Indonesia ($27,916 per ton), while the average price for exports to the Philippines ($2,944 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+25.2%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s amounted to $19,141 per ton, increasing by 52% against the previous year. Over the period under review, the import price enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 103%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($47,197 per ton), while the price for Japan ($2,283 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+45.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in overseas shipments of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, when their volume increased by 400% to 60 tons. Over the period under review, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s soared to $229K in 2022. In general, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 20.2 | 28.7 | 22.6 | 158 | 98.5% |
| Japan | 4.7 | 6.5 | 5.1 | 34.9 | 95.1% |
| Malaysia | 6.2 | N/A | N/A | N/A | 0% |
| Papua New Guinea | 0.1 | N/A | N/A | N/A | 0% |
| Others | 9.4 | 3.8 | 9.8 | 36.2 | 56.7% |
| Total | 40.6 | 39.0 | 37.5 | 229 | 78.0% |
Top Export Markets for Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) from Hong Kong SAR in 2022:
- Philippines (53.6 tons)
- Japan (5.0 tons)
Imports of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in supplies from abroad of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s, which decreased by -62% to 2.4 tons in 2022. In general, imports showed a sharp downturn. The smallest decline of -38.2% was in 2021.
In value terms, imports of iron or non-alloy steel; ingots (excluding iron of heading no. 7203)s fell rapidly to $45K in 2022. Overall, imports saw a dramatic shrinkage. The smallest decline of -24% was in 2021.
| Import of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.5 | 25.5 | 3.3 | 16.6 | -15.5% |
| United Kingdom | 21.5 | 30.1 | 4.7 | 16.6 | -8.3% |
| Taiwan (Chinese) | 66.0 | 40.3 | 3.4 | 7.3 | -52.0% |
| Thailand | 0.3 | 2.3 | 1.9 | 3.9 | 135.1% |
| Japan | 8.0 | 4.5 | 0.4 | 0.7 | -55.6% |
| Malaysia | N/A | N/A | 64.3 | N/A | 0% |
| Others | 11.9 | N/A | N/A | N/A | 0% |
| Total | 135 | 103 | 78.0 | 45.0 | -30.7% |
Top Suppliers of Iron or Non-Alloy Steel; Ingots (Excluding Iron of Heading No. 7203) to Hong Kong SAR in 2022:
- Taiwan (Chinese) (1018.0 kg)
- United States (493.0 kg)
- United Kingdom (351.0 kg)
- Japan (304.0 kg)
- Thailand (185.0 kg)
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