Price for Steel, Stainless; Angles, Shapes and Sections in Hong Kong SAR - 2023
Contents:
- Price for Steel, Stainless; Angles, Shapes and Sections in Hong Kong SAR (CIF) - 2023
- Price for Steel, Stainless; Angles, Shapes and Sections in Hong Kong SAR (FOB) - 2022
- Imports of Steel, Stainless; Angles, Shapes and Sections in Hong Kong SAR
- Exports of Steel, Stainless; Angles, Shapes and Sections in Hong Kong SAR
Price for Steel, Stainless; Angles, Shapes and Sections in Hong Kong SAR (CIF) - 2023
The average import price for steel, stainless stood at $2,983 per ton in November 2023, shrinking by -28.8% against the previous month. In general, import price indicated slight growth from December 2022 to November 2023: its price increased at an average monthly rate of +1.0% over the last eleven-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on November 2023 figures, import price for steel, stainless decreased by -28.8% against October 2023 indices. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 127% against the previous month. The import price peaked at $4,192 per ton in October 2023, and then contracted notably in the following month.
Average prices varied noticeably amongst the major supplying countries. In November 2023, the country with the highest price was China ($3,032 per ton), while the price for India amounted to $2,714 per ton.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+3.8%).
Price for Steel, Stainless; Angles, Shapes and Sections in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for steel, stainless amounted to $9,431 per ton, jumping by 138% against the previous year. In general, the export price continues to indicate resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Guam ($7,739 per ton), while the average price for exports to Macao SAR ($5,366 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 Guam (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Stainless; Angles, Shapes and Sections in Hong Kong SAR
In 2022, imports of steel, stainless into Hong Kong SAR shrank modestly to 794 tons, declining by -3.8% on the previous year. Over the period under review, imports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 with an increase of 22% against the previous year.
In value terms, imports of steel, stainless reached $3.1M in 2022. Overall, imports saw a abrupt slump. The pace of growth appeared the most rapid in 2021 when imports increased by 51% against the previous year.
| Import of Steel, Stainless; Angles, Shapes and Sections in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.0 | 1.2 | 1.5 | 1.2 | -26.3% |
| China | 0.6 | 0.3 | 0.8 | 1.2 | 26.0% |
| Taiwan (Chinese) | 1.8 | 0.5 | 0.7 | 0.6 | -30.7% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 5.5 | 2.0 | 3.0 | 3.1 | -17.4% |
Top Suppliers of Steel, Stainless; Angles, Shapes and Sections to Hong Kong SAR in 2022:
- China (423.3 tons)
- India (291.1 tons)
- Taiwan (Chinese) (71.1 tons)
Exports of Steel, Stainless; Angles, Shapes and Sections in Hong Kong SAR
In 2022, exports of steel, stainless from Hong Kong SAR dropped remarkably to 168 tons, reducing by -65.7% on the previous year's figure. Overall, exports continue to indicate a dramatic curtailment. The smallest decline of -9.4% was in 2021.
In value terms, exports of steel, stainless plummeted to $1M in 2022. Over the period under review, exports recorded a precipitous shrinkage. The smallest decline of -7.2% was in 2021.
| Export of Steel, Stainless; Angles, Shapes and Sections in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,315 | 1,902 | 1,808 | 927 | -26.3% |
| Guam | 22.2 | 24.5 | 41.2 | 60.1 | 39.4% |
| Macao SAR | 199 | 169 | 96.1 | 57.6 | -33.9% |
| Others | 0.2 | 1.0 | 0.1 | 4.5 | 182.3% |
| Total | 2,537 | 2,096 | 1,945 | 1,049 | -25.5% |
Top Export Markets for Steel, Stainless; Angles, Shapes and Sections from Hong Kong SAR in 2022:
- China (148.5 tons)
- Macao SAR (10.7 tons)
- Guam (7.8 tons)
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