Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hong Kong SAR - 2023
Contents:
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hong Kong SAR (FOB) - 2023
- Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hong Kong SAR (CIF) - 2022
- Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hong Kong SAR
- Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hong Kong SAR
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hong Kong SAR (FOB) - 2023
The average export price for iron or non-alloy steel wire, not plated or coateds stood at $2,020 per ton in November 2023, increasing by 12% against the previous month. Overall, the export price, however, saw a noticeable reduction. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 31% month-to-month. Over the period under review, the average export prices hit record highs at $4,416 per ton in February 2023; however, from March 2023 to November 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In November 2023, the country with the highest price was Taiwan (Chinese) ($3,204 per ton), while the average price for exports to Thailand ($1,156 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (0.0%), while the prices for the other major destinations experienced a decline.
Price for Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hong Kong SAR (CIF) - 2022
The average import price for iron or non-alloy steel wire, not plated or coateds stood at $1,580 per ton in 2022, falling by -3.8% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of 34%. As a result, import price attained the peak level of $1,643 per ton, and then reduced modestly in the following year.
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 South Korea ($2,274 per ton), while the price for China ($1,093 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hong Kong SAR
In 2022, exports of iron or non-alloy steel wire, not plated or coateds from Hong Kong SAR dropped notably to 862 tons, falling by -19% compared with 2021 figures. In general, exports recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 32% against the previous year.
In value terms, exports of iron or non-alloy steel wire, not plated or coateds fell dramatically to $2M in 2022. Overall, exports faced a dramatic descent. The growth pace was the most rapid in 2021 with an increase of 20%.
| Export of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.0 | 2.6 | 3.1 | 1.9 | -27.6% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | N/A | 0.1 | N/A | 0.0% |
| Total | 5.2 | 2.7 | 3.3 | 2.0 | -27.3% |
Top Export Markets for Iron or Non-Alloy Steel Wire, Not Plated or Coated from Hong Kong SAR in 2022:
- China (820.2 tons)
- Taiwan (Chinese) (33.4 tons)
Imports of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas purchases of iron or non-alloy steel wire, not plated or coateds, which decreased by -55.9% to 1.2K tons in 2022. Over the period under review, imports faced a sharp shrinkage. The smallest decline of -6.2% was in 2020.
In value terms, imports of iron or non-alloy steel wire, not plated or coateds dropped dramatically to $1.9M in 2022. Overall, imports recorded a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 9.5% against the previous year.
| Import of Iron or Non-Alloy Steel Wire, Not Plated or Coated in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 1,435 | 1,307 | 1,372 | 694 | -21.5% |
| China | 1,458 | 1,748 | 1,144 | 592 | -26.0% |
| Japan | 1,080 | 548 | 1,343 | 382 | -29.3% |
| South Korea | 673 | 492 | 563 | 100 | -47.0% |
| Others | 141 | 88.8 | 158 | 174 | 7.3% |
| Total | 4,788 | 4,183 | 4,580 | 1,943 | -26.0% |
Top Suppliers of Iron or Non-Alloy Steel Wire, Not Plated or Coated to Hong Kong SAR in 2022:
- China (541.8 tons)
- Taiwan (Chinese) (453.1 tons)
- Japan (170.0 tons)
- South Korea (44.2 tons)
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