Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Hong Kong SAR - 2023
Contents:
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Hong Kong SAR (FOB) - 2022
- Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Hong Kong SAR (CIF) - 2022
- Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Hong Kong SAR
- Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Hong Kong SAR
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Hong Kong SAR (FOB) - 2022
The average export price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $27,182 per ton in 2022, picking up by 19% against the previous year. In general, the export price recorded prominent growth. The growth pace was the most rapid in 2018 when the average export price increased by 81%. The export price peaked at $32,128 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2013 to 2022, the rate of growth in terms of prices for the United States amounted to +7.5% per year.
Price for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Hong Kong SAR (CIF) - 2022
The average import price for steel, stainless; semi-finished products, other than of rectangular cross-sectia stood at $2,504 per ton in 2022, reducing by -75.7% against the previous year. In general, the import price showed a noticeable decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by 211% against the previous year. As a result, import price reached the peak level of $10,291 per ton, and then contracted remarkably in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($2,728 per ton), while the price for Malaysia ($404 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+4.4%), while the prices for the other major suppliers experienced a decline.
Exports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Hong Kong SAR
In 2022, shipments abroad of steel, stainless; semi-finished products, other than of rectangular cross-sectia decreased by -21.7% to 3.3 tons, falling for the second year in a row after two years of growth. Over the period under review, exports continue to indicate a perceptible decrease. The pace of growth appeared the most rapid in 2020 with an increase of 20%. As a result, the exports attained the peak of 4.5 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of steel, stainless; semi-finished products, other than of rectangular cross-sectia shrank to $91K in 2022. Overall, exports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 0.1% against the previous year.
| Export of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 122 | 97.4 | 97.5 | 91.0 | -9.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 122 | 97.4 | 97.5 | 91.0 | -9.3% |
Top Export Markets for Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section from Hong Kong SAR in 2022:
- United States (3.3 tons)
Imports of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of steel, stainless; semi-finished products, other than of rectangular cross-sectia, which decreased by -5.1% to 80 tons in 2022. In general, imports showed a precipitous descent.
In value terms, imports of steel, stainless; semi-finished products, other than of rectangular cross-sectia fell rapidly to $201K in 2022. Overall, imports faced a dramatic descent. The smallest decline of -32.6% was in 2021.
| Import of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 133 | 78.0 | 135 | 121 | -3.1% |
| United Kingdom | 3,824 | 869 | 4.6 | 56.7 | -75.4% |
| South Korea | N/A | N/A | 4.1 | 2.8 | -31.7% |
| Malaysia | N/A | N/A | N/A | 1.9 | 0% |
| Canada | 157 | 9.1 | N/A | N/A | -94.2% |
| Others | 159 | 335 | 727 | 18.5 | -51.2% |
| Total | 4,273 | 1,291 | 870 | 201 | -63.9% |
Top Suppliers of Steel, Stainless; Semi-Finished Products, Other than of Rectangular Cross-Section to Hong Kong SAR in 2022:
- Taiwan (Chinese) (44.4 tons)
- United Kingdom (28.9 tons)
- Malaysia (4.8 tons)
- South Korea (1.7 tons)
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