Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR - 2022
Contents:
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR (CIF) - 2022
- Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR (FOB) - 2022
- Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR
- Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR (CIF) - 2022
The average import price for steel, alloy stood at $914 per ton in 2022, waning by -41.9% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2021 an increase of 24% against the previous year. Over the period under review, average import prices attained the peak figure at $2,507 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($2,729 per ton), while the price for the Philippines ($391 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR (FOB) - 2022
The average export price for steel, alloy stood at $3,048 per ton in 2022, growing by 10% against the previous year. Overall, the export price posted moderate growth. The pace of growth appeared the most rapid in 2021 an increase of 64% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($8,819 per ton), while the average price for exports to South Africa ($663 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 Bangladesh (+43.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR
Imports of steel, alloy into Hong Kong SAR dropped notably to 409 tons in 2022, with a decrease of -58.1% against 2021 figures. Over the period under review, imports faced a abrupt setback. The growth pace was the most rapid in 2021 when imports increased by 379%. As a result, imports attained the peak of 978 tons, and then fell markedly in the following year.
In value terms, imports of steel, alloy dropped sharply to $374K in 2022. In general, imports recorded a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 496%. As a result, imports reached the peak of $1.5M, and then contracted rapidly in the following year.
| Import of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 401 | 112 | 895 | 151 | -27.8% |
| Philippines | N/A | N/A | N/A | 65.2 | 0% |
| China | 272 | 47.8 | 56.7 | 47.6 | -44.1% |
| South Korea | 108 | 31.3 | 260 | 45.5 | -25.0% |
| United States | 148 | 28.2 | 136 | 32.1 | -39.9% |
| Taiwan (Chinese) | 54.3 | 14.8 | 115 | 19.0 | -29.5% |
| Singapore | 34.3 | 9.5 | 75.5 | 13.7 | -26.4% |
| Others | 0.6 | 15.2 | 0.6 | 0.1 | -45.0% |
| Total | 1,018 | 258 | 1,539 | 374 | -28.4% |
Top Suppliers of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented to Hong Kong SAR in 2022:
- Philippines (166.7 tons)
- Japan (93.1 tons)
- China (67.4 tons)
- United States (41.1 tons)
- South Korea (16.7 tons)
- Taiwan (Chinese) (14.3 tons)
- Singapore (9.8 tons)
Exports of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in overseas shipments of steel, alloy, when their volume increased by 5.3% to 43 tons. In general, exports, however, faced a sharp descent.
In value terms, exports of steel, alloy soared to $132K in 2022. Overall, exports, however, showed a sharp curtailment.
| Export of Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 293 | 76.2 | 48.6 | 76.4 | -36.1% |
| India | 217 | 52.2 | 26.1 | 22.9 | -52.7% |
| Malaysia | 110 | 29.1 | 16.1 | 16.9 | -46.4% |
| China | 111 | 20.1 | 8.6 | 7.0 | -60.2% |
| Thailand | 72.7 | 16.4 | 7.9 | 6.9 | -54.4% |
| South Africa | 32.8 | 4.7 | 0.9 | 1.9 | -61.3% |
| Others | N/A | N/A | 5.3 | N/A | 0% |
| Total | 837 | 199 | 114 | 132 | -46.0% |
Top Export Markets for Steel, Alloy; Flat-Rolled, Width 600mm or More, of Silicon-Electrical Steel, Grain-Oriented from Hong Kong SAR in 2022:
- Brazil (20.4 tons)
- India (10.1 tons)
- China (5.2 tons)
- South Africa (2.9 tons)
- Thailand (2.8 tons)
- Malaysia (1.9 tons)
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