Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Hong Kong SAR - 2023
Contents:
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Hong Kong SAR (CIF) - 2022
- Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Hong Kong SAR (FOB) - 2022
- Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Hong Kong SAR
- Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Hong Kong SAR
Price for Steel, Stainless; (Excluding 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; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia stood at $2,824 per ton in 2022, dropping by -82.7% against the previous year. Overall, the import price showed a perceptible contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 255%. As a result, import price attained the peak level of $16,366 per ton, and then contracted notably in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($2,509 per ton), while the price for China amounted to $2,509 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-0.6%), while the prices for the other major suppliers experienced a decline.
Price for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia amounted to $58,238 per ton, waning by -10.7% against the previous year. Overall, the export price, however, recorded significant growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 906% against the previous year. As a result, the export price reached the peak level of $162,929 per ton. From 2021 to 2022, the average export prices failed to regain momentum.
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 South Korea amounted to +47.2% per year.
Imports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Hong Kong SAR
After two years of decline, overseas purchases of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia increased by 50% to 51 tons in 2022. Over the period under review, imports, however, faced a precipitous slump.
In value terms, imports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia reduced dramatically to $143K in 2022. Overall, imports, however, recorded a sharp setback. The growth pace was the most rapid in 2021 with an increase of 51% against the previous year.
| Import of Steel, Stainless; (Excluding 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 | 690 | 249 | 34.0 | 118 | -44.5% |
| Japan | 1.1 | 115 | 67.8 | 7.6 | 90.5% |
| Others | 44.7 | 1.2 | 449 | 17.7 | -26.6% |
| Total | 736 | 365 | 551 | 143 | -42.1% |
Top Suppliers of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section to Hong Kong SAR in 2022:
- China (46.9 tons)
- Japan (3.0 tons)
Exports of Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section in Hong Kong SAR
In 2022, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia from Hong Kong SAR plummeted to 323 kg, waning by -96.5% against the year before. Overall, exports showed a sharp setback. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year.
In value terms, exports of steel, stainless; (excluding cold-drawn or cold-rolled), tubes and pipes of circular cross-sectia reduced dramatically to $19K in 2022. In general, exports recorded a sharp downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 318% against the previous year. As a result, the exports reached the peak of $1.4M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Steel, Stainless; (Excluding 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 | 309 | 110 | 608 | 18.8 | -60.7% |
| Russia | N/A | 1,255 | N/A | N/A | 0% |
| Others | 18.0 | 0.2 | N/A | N/A | -98.9% |
| Total | 327 | 1,366 | 608 | 18.8 | -61.4% |
Top Export Markets for Steel, Stainless; (Excluding Cold-Drawn or Cold-Rolled), Tubes and Pipes of Circular Cross-Section from Hong Kong SAR in 2022:
- China (323.0 kg)
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