Hong Kong SAR, China - Iron and Steel Wire - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Iron and Steel Wire in Hong Kong SAR - 2023
Contents:
- Price for Iron and Steel Wire in Hong Kong SAR (FOB) - 2023
- Price for Iron and Steel Wire in Hong Kong SAR (CIF) - 2023
- Exports of Iron and Steel Wire in Hong Kong SAR
- Imports of Iron and Steel Wire in Hong Kong SAR
Price for Iron and Steel Wire in Hong Kong SAR (FOB) - 2023
The average iron and steel wire export price stood at $7,593 per ton in September 2023, declining by -15.4% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 36% month-to-month. Over the period under review, the average export prices attained the peak figure at $14,715 per ton in March 2023; however, from April 2023 to September 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($13,027 per ton), while the average price for exports to China amounted to $7,045 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-1.2%).
Price for Iron and Steel Wire in Hong Kong SAR (CIF) - 2023
In September 2023, the average iron and steel wire import price amounted to $7,876 per ton, jumping by 73% against the previous month. Over the period under review, the import price continues to indicate a noticeable expansion. The pace of growth appeared the most rapid in June 2023 an increase of 101% m-o-m. Over the period under review, average import prices attained the maximum at $8,710 per ton in January 2023; however, from February 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Germany ($31,060 per ton), while the price for China ($1,660 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Germany (+5.2%), while the prices for the other major suppliers experienced a decline.
Exports of Iron and Steel Wire in Hong Kong SAR
Iron and steel wire exports from Hong Kong SAR dropped slightly to 4.3K tons in 2022, remaining constant against the previous year. Over the period under review, exports saw a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 2.9%.
In value terms, iron and steel wire exports contracted to $33M in 2022. In general, exports showed a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 16%.
| Export of Iron and Steel Wire in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 36.7 | 28.9 | 32.6 | 27.4 | -9.3% |
| Philippines | 1.4 | 0.5 | 1.0 | 1.0 | -10.6% |
| Others | 1.4 | 1.3 | 2.1 | 4.7 | 49.7% |
| Total | 39.5 | 30.6 | 35.6 | 33.1 | -5.7% |
Top Export Markets for Iron and Steel Wire from Hong Kong SAR in 2022:
- China (4.0K tons)
- Philippines (0.1K tons)
Imports of Iron and Steel Wire in Hong Kong SAR
In 2022, overseas purchases of iron and steel wire increased by 9.6% to 7.9K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, showed a deep contraction.
In value terms, iron and steel wire imports fell slightly to $29M in 2022. Overall, imports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 5.8%.
| Import of Iron and Steel Wire in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 12.2 | 8.8 | 9.7 | 6.0 | -21.1% |
| China | 11.0 | 7.4 | 5.5 | 4.4 | -26.3% |
| Taiwan (Chinese) | 3.4 | 3.6 | 5.2 | 3.3 | -1.0% |
| South Korea | 5.6 | 4.7 | 5.1 | 2.8 | -20.6% |
| Thailand | 1.7 | 0.8 | 1.1 | 0.7 | -25.6% |
| Others | 5.5 | 3.1 | 3.5 | 12.1 | 30.1% |
| Total | 39.4 | 28.5 | 30.2 | 29.4 | -9.3% |
Top Suppliers of Iron and Steel Wire to Hong Kong SAR in 2022:
- China (1.5K tons)
- Japan (0.5K tons)
- Taiwan (Chinese) (0.4K tons)
- South Korea (0.4K tons)
- Thailand (0.1K tons)
This report provides an in-depth analysis of the market for iron and steel wire in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24341130 - Iron or non-alloy steel wire containing < 0,25 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing - duplex wire - saw-tooth wire, insulated electric wire
- Prodcom 24341150 - Iron or non-alloy steel wire containing 0,25-0,6 % of carbon including crimped wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341170 - Iron or non-alloy steel wire containing . 0,6 % of carbon including crimping wire excluding stranded wire, barbed wire used for fencing, duplex wire, saw-tooth wire, insulated electric wire
- Prodcom 24341200 - Stainless steel wire (excluding very fine sterile stainless wire used for surgical sutures)
- Prodcom 24341300 - Alloy steel wire (excluding stranded wire, barbed wire of a kind used for fencing, duplex wire, saw-tooth wire, insulated electric wire, of stainless steel)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the market for iron and steel wire in Hong Kong SAR, China.
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This report provides an in-depth analysis of the market for iron and steel wire in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the global market for iron and steel wire.
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This report provides an in-depth analysis of the market for iron and steel wire in Hong Kong SAR, China.
301
This report provides an in-depth analysis of the market for iron and steel wire in Hong Kong SAR, China.
510
This report provides an in-depth analysis of the global market for iron and steel wire.
1927
This report provides an in-depth analysis of the global market for iron and steel wire.
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Discover the top import markets for iron and steel wire and key statistics on their import values. Learn about the global demand for this essential material.
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Explore the top countries importing iron and steel wire in 2023 and the factors driving their demand. Get insights into the global market for these essential materials.
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In value terms, wire of other alloy steel imports stood at $X in 2016. Overall, it indicated a temperate increase from 2007 to 2016: the total imports value increased at an average annual rate of +...
1490
In value terms, barbed wire of iron and steel imports amounted to $X in 2016. In general, barbed wire of iron and steel imports continue to indicate a mild slump. Over the period under review, glob...
985
In value terms, wires, rods, tubes, plates, electrodes of base metal imports totaled $X in 2016. In general, wires, rods, tubes, plates, electrodes of base metal imports continue to indicate a mild...
1208
In value terms, wire of other alloy steel exports stood at $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern indicated some...
655
In value terms, barbed wire of iron and steel exports totaled $X in 2016. In general, barbed wire of iron and steel exports continue to indicate a relatively flat trend pattern. Over the period und...
913
In value terms, wires, rods, tubes, plates, electrodes of base metal exports amounted to $X in 2016. Overall, wires, rods, tubes, plates, electrodes of base metal exports continue to indicate a sli...
3509
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
739
Global iron and steel wire imports stood at X tons in 2016, approximately equating the previous year figure. Overall, iron and steel wire imports continue to indicate a relatively flat trend patte...
