Price for Steel Alloy Wire of Silico-Manganese Steel in Hong Kong SAR - 2022
Contents:
- Price for Steel Alloy Wire of Silico-Manganese Steel in Hong Kong SAR (FOB) - 2022
- Exports of Steel Alloy Wire of Silico-Manganese Steel in Hong Kong SAR
Price for Steel Alloy Wire of Silico-Manganese Steel in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for steel alloy wire of silico-manganese steels amounted to $17,104 per ton, picking up by 481% against the previous year. In general, the export price continues to indicate a significant increase. 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 2012 to 2022, the rate of growth in terms of prices for China amounted to +27.2% per year.
Exports of Steel Alloy Wire of Silico-Manganese Steel in Hong Kong SAR
In 2022, overseas shipments of steel alloy wire of silico-manganese steels decreased by -99.6% to 98 kg for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a significant contraction. The growth pace was the most rapid in 2021 when exports increased by 47% against the previous year. As a result, the exports reached the peak of 23 tons, and then fell remarkably in the following year.
In value terms, exports of steel alloy wire of silico-manganese steels contracted rapidly to $1.7K in 2022. In general, exports continue to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 87%. As a result, the exports reached the peak of $67K, and then contracted sharply in the following year.
| Export of Steel Alloy Wire of Silico-Manganese Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 25.4 | 35.8 | 66.8 | 1.7 | -59.4% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 25.4 | 35.8 | 66.8 | 1.7 | -59.4% |
Top Export Markets for Steel Alloy Wire of Silico-Manganese Steel from Hong Kong SAR in 2022:
- China (98.0 kg)
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