Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Hong Kong SAR - 2023

Contents:

1. Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Hong Kong SAR (CIF) - 2023
2. Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Hong Kong SAR (FOB) - 2022
3. Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Hong Kong SAR
4. Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Hong Kong SAR

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Hong Kong SAR (CIF) - 2023

In November 2023, the average import price for tubes, pipes and hollow profiles, of cast iron amounted to $1,229 per ton, with an increase of 13% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average import price increased by 17% month-to-month. As a result, import price attained the peak level of $1,244 per ton; afterwards, it flattened through to November 2023.

Prices varied noticeably by the country of origin: the country with the highest price was France ($1,544 per ton), while the price for India ($976 per ton) was amongst the lowest.

From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.

Price for Tubes, Pipes and Hollow Profiles, of Cast Iron in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for tubes, pipes and hollow profiles, of cast iron amounted to $1,813 per ton, approximately mirroring the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for tubes, pipes and hollow profiles, of cast iron decreased by -14.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 81% against the previous year. As a result, the export price attained the peak level of $2,440 per ton. From 2018 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($13,276 per ton), while the average price for exports to China ($1,416 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 China (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Hong Kong SAR

In 2022, imports of tubes, pipes and hollow profiles, of cast iron into Hong Kong SAR reduced to 39K tons, declining by -9.4% against the previous year. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 14% against the previous year. As a result, imports attained the peak of 43K tons, and then declined in the following year.

In value terms, imports of tubes, pipes and hollow profiles, of cast iron rose modestly to $47M in 2022. The total import value increased at an average annual rate of +6.2% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Tubes, Pipes and Hollow Profiles, of Cast Iron to Hong Kong SAR in 2022:

1. China (30.4K tons)
2. France (2.9K tons)
3. India (2.8K tons)
4. Germany (1.0K tons)
5. South Korea (0.7K tons)

Exports of Tubes, Pipes and Hollow Profiles, of Cast Iron in Hong Kong SAR

In 2022, approx. 1.2K tons of tubes, pipes and hollow profiles, of cast iron were exported from Hong Kong SAR; which is down by -19.5% compared with 2021 figures. In general, total exports indicated temperate growth from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 98% against the previous year. As a result, the exports attained the peak of 1.5K tons, and then dropped remarkably in the following year.

In value terms, exports of tubes, pipes and hollow profiles, of cast iron declined markedly to $2.2M in 2022. Overall, exports, however, recorded perceptible growth. The growth pace was the most rapid in 2021 with an increase of 103% against the previous year. As a result, the exports attained the peak of $3.3M, and then reduced dramatically in the following year.

Top Export Markets for Tubes, Pipes and Hollow Profiles, of Cast Iron from Hong Kong SAR in 2022:

1. China (768.4 tons)
2. Macao SAR (435.3 tons)

Source: IndexBox Market Intelligence Platform