Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Hong Kong SAR - 2023
Contents:
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Hong Kong SAR (CIF) - 2022
- Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Hong Kong SAR (FOB) - 2022
- Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Hong Kong SAR
- Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Hong Kong SAR
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Hong Kong SAR (CIF) - 2022
The average import price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $10,136 per ton in 2022, flattening at the previous year. Overall, the import price, however, showed a buoyant increase. The most prominent rate of growth was recorded in 2015 when the average import price increased by 166% against the previous year. Over the period under review, average import prices hit record highs at $26,488 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 the United States ($42,902 per ton), while the price for China amounted to $8,706 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Hong Kong SAR (FOB) - 2022
The average export price for steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia stood at $18,353 per ton in 2022, growing by 65% against the previous year. In general, the export price enjoyed a notable expansion. The export price peaked at $35,950 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($18,450 per ton), while the average price for exports to the United States stood at $15,639 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.6%).
Imports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Hong Kong SAR
In 2022, the amount of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia imported into Hong Kong SAR skyrocketed to 251 tons, increasing by 147% against the year before. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia soared to $2.5M in 2022. In general, imports showed a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,591 | 307 | 836 | 2,072 | 9.2% |
| United States | 342 | 984 | 134 | 356 | 1.3% |
| Others | 92.1 | 63.6 | 71.3 | 111 | 6.4% |
| Total | 2,025 | 1,355 | 1,040 | 2,539 | 7.8% |
Top Suppliers of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section to Hong Kong SAR in 2022:
- China (238.1 tons)
- United States (8.3 tons)
Exports of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Hong Kong SAR
In 2022, approx. 46 tons of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia were exported from Hong Kong SAR; falling by -52.1% compared with 2021 figures. Overall, exports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 25%. As a result, the exports reached the peak of 95 tons, and then fell sharply in the following year.
In value terms, exports of steel, stainless; cold-drawn or cold-rolled, tubes and pipes of circular cross-sectia reduced markedly to $835K in 2022. In general, exports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when exports increased by 29% against the previous year. As a result, the exports attained the peak of $1.1M, and then plummeted in the following year.
| Export of Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 958 | 788 | 1,030 | 811 | -5.4% |
| United States | 12.9 | 30.8 | 28.6 | 24.2 | 23.3% |
| Others | 12.2 | 1.4 | 0.2 | 0.2 | -74.6% |
| Total | 983 | 820 | 1,059 | 835 | -5.3% |
Top Export Markets for Steel, Stainless; Cold-Drawn or Cold-Rolled, Tubes and Pipes of Circular Cross-Section from Hong Kong SAR in 2022:
- China (44.0 tons)
- United States (1.5 tons)
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