Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hong Kong SAR - 2023

Contents:

1. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hong Kong SAR (CIF) - 2022
2. Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hong Kong SAR (FOB) - 2022
3. Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hong Kong SAR
4. Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hong Kong SAR

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $4,446 per ton, increasing by 14% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 53% against the previous year. Over the period under review, average import prices attained the maximum at $7,940 per ton in 2018; however, from 2019 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 ($13,556 per ton), while the price for China totaled $4,440 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses amounted to $8,555 per ton, surging by 15% against the previous year. Overall, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.9% 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 aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses increased by +33.1% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average export price increased by 48% against the previous year. The export price peaked at $9,918 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($10,590 per ton), while the average price for exports to China ($6,817 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 Vietnam (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hong Kong SAR

Imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses into Hong Kong SAR declined significantly to 71 tons in 2022, which is down by -74.9% compared with 2021 figures. Over the period under review, imports saw a deep slump. The pace of growth appeared the most rapid in 2021 with an increase of 281% against the previous year. As a result, imports reached the peak of 283 tons, and then shrank dramatically in the following year.

In value terms, imports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses fell sharply to $316K in 2022. In general, imports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2021 when imports increased by 317% against the previous year. As a result, imports reached the peak of $1.1M, and then declined dramatically in the following year.

Top Suppliers of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less to Hong Kong SAR in 2022:

1. China (70.9 tons)

Exports of Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less in Hong Kong SAR

In 2022, after three years of growth, there was significant decline in shipments abroad of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses, when their volume decreased by -71.4% to 36 tons. Overall, exports, however, enjoyed a strong increase. The growth pace was the most rapid in 2021 when exports increased by 216% against the previous year. As a result, the exports reached the peak of 124 tons, and then shrank remarkably in the following year.

In value terms, exports of aluminium; alloys, wire, maximum cross-sectional dimension is 7mm or lesses reduced notably to $304K in 2022. In general, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 234%. As a result, the exports reached the peak of $923K, and then shrank significantly in the following year.

Top Export Markets for Aluminium; Alloys, Wire, Maximum Cross-Sectional Dimension Is 7mm or Less from Hong Kong SAR in 2022:

1. Japan (19.9 tons)
2. China (12.3 tons)
3. Vietnam (3.4 tons)

Source: IndexBox Market Intelligence Platform