Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR - 2023
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR (FOB) - 2022
- Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR (CIF) - 2022
- Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR
- Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR (FOB) - 2022
The average export price for steel, alloy stood at $981 per ton in 2022, with a decrease of -9.2% against the previous year. In general, the export price showed a pronounced descent. The pace of growth appeared the most rapid in 2021 an increase of 50%. The export price peaked at $1,608 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -3.3% per year.
Price for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR (CIF) - 2022
The average import price for steel, alloy stood at $1,006 per ton in 2022, dropping by -32.9% against the previous year. In general, the import price continues to indicate a slight reduction. The pace of growth appeared the most rapid in 2021 when the average import price increased by 46%. Over the period under review, average import prices hit record highs at $1,600 per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,902 per ton), while the price for South Korea ($816 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.1%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR
For the fourth year in a row, Hong Kong SAR recorded growth in overseas shipments of steel, alloy, which increased by 347% to 9.6K tons in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of steel, alloy soared to $9.5M in 2022. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.7 | 1.3 | 2.3 | 9.5 | 138.5% |
| Others | 0.2 | N/A | N/A | N/A | 0% |
| Total | 0.9 | 1.3 | 2.3 | 9.5 | 119.4% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented from Hong Kong SAR in 2022:
- China (9.6K tons)
Imports of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR
Imports of steel, alloy into Hong Kong SAR soared to 2.6K tons in 2022, picking up by 423% on 2021. Overall, imports posted a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, alloy skyrocketed to $2.6M in 2022. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | N/A | N/A | N/A | 1,905 | 0% |
| United Arab Emirates | N/A | N/A | N/A | 291 | 0% |
| Singapore | 295 | 554 | 696 | 201 | -12.0% |
| Australia | N/A | N/A | N/A | 56.0 | 0% |
| South Korea | N/A | 55.6 | N/A | 36.3 | -19.2% |
| Russia | N/A | 113 | N/A | N/A | 0% |
| Mexico | 74.8 | 17.4 | N/A | N/A | -76.7% |
| Canada | 314 | N/A | N/A | N/A | 0% |
| Others | 25.2 | 80.2 | 46.4 | 116 | 66.3% |
| Total | 710 | 820 | 742 | 2,605 | 54.2% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width Less than 600mm, of Silicon-Electrical Steel, Grain-Oriented to Hong Kong SAR in 2022:
- Malaysia (1956.7 tons)
- United Arab Emirates (311.2 tons)
- Singapore (144.7 tons)
- Australia (56.8 tons)
- South Korea (44.5 tons)
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