Hong Kong SAR, China - Angles, Shapes And Sections (Of Iron Or Non-Alloy Steel) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIron Angle Price in Hong Kong SAR - 2023
Contents:
- Iron Angle Price in Hong Kong SAR (CIF) - 2023
- Iron Angle Price in Hong Kong SAR (FOB) - 2023
- Iron Angle Imports in Hong Kong SAR
- Iron Angle Exports in Hong Kong SAR
Iron Angle Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average iron angle import price amounted to $714 per ton, with a decrease of -2.1% against the previous month. Overall, the import price showed a perceptible descent. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 6% month-to-month. The import price peaked at $980 per ton in June 2022; however, from July 2022 to June 2023, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In June 2023, the country with the highest price was Taiwan (Chinese) ($782 per ton), while the price for China ($700 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-2.1%), while the prices for the other major suppliers experienced a decline.
Iron Angle Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average iron angle export price amounted to $924 per ton, with an increase of 2.6% against the previous month. In general, the export price, however, saw a slight descent. The pace of growth was the most pronounced in April 2023 an increase of 27% m-o-m. Over the period under review, the average export prices hit record highs at $1,133 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In June 2023, the country with the highest price was Macao SAR ($3,021 per ton), while the average price for exports to China stood at $896 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+8.6%).
Iron Angle Imports in Hong Kong SAR
After three years of growth, purchases abroad of angles, shapes and sections (of iron or non-alloy steel) decreased by -28.7% to 350K tons in 2022. In general, imports continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 3.6% against the previous year.
In value terms, iron angle imports declined rapidly to $320M in 2022. Overall, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +2.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +16.9% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 50%. As a result, imports reached the peak of $410M, and then declined sharply in the following year.
| Import of Iron Angle in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 175 | 137 | 245 | 205 | 5.4% |
| Taiwan (Chinese) | 37.5 | 36.0 | 55.6 | 53.6 | 12.6% |
| Thailand | 7.7 | 9.1 | 41.1 | 24.7 | 47.5% |
| Japan | 35.7 | 30.5 | 19.9 | 15.3 | -24.6% |
| South Korea | 24.2 | 38.6 | 26.3 | 5.5 | -39.0% |
| Others | 21.0 | 21.9 | 22.6 | 16.1 | -8.5% |
| Total | 301 | 273 | 410 | 320 | 2.1% |
Top Suppliers of Iron Angle to Hong Kong SAR in 2022:
- China (224.7K tons)
- Taiwan (Chinese) (59.2K tons)
- Thailand (26.9K tons)
- Japan (16.8K tons)
- South Korea (6.0K tons)
Iron Angle Exports in Hong Kong SAR
In 2022, shipments abroad of angles, shapes and sections (of iron or non-alloy steel) decreased by -43.9% to 38K tons, falling for the second year in a row after two years of growth. In general, exports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 with an increase of 8.5%. As a result, the exports attained the peak of 72K tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, iron angle exports dropped markedly to $37M in 2022. Over the period under review, exports recorded a deep reduction. The growth pace was the most rapid in 2021 when exports increased by 24%. As a result, the exports attained the peak of $63M, and then dropped significantly in the following year.
| Export of Iron Angle in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 31.4 | 30.8 | 48.4 | 26.4 | -5.6% |
| Macao SAR | 17.6 | 19.0 | 13.8 | 10.0 | -17.2% |
| Iceland | N/A | N/A | N/A | 0.5 | 0% |
| Others | 0.9 | 1.0 | 0.8 | 0.4 | -23.7% |
| Total | 50.0 | 50.8 | 62.9 | 37.4 | -9.2% |
Top Export Markets for Iron Angle from Hong Kong SAR in 2022:
- China (26.8K tons)
- Macao SAR (9.8K tons)
- Iceland (0.9K tons)
This report provides an in-depth analysis of the iron angle market 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 24107110 - U-sections of a web height of .80 mm or more (of non-alloy steel)
- Prodcom 24107120 - I-sections of a web height of .80 mm or more (of non-alloy steel)
- Prodcom 24107130 - H-sections of a web height of .80 mm or more (of non-alloy steel)
- Prodcom 24107140 - Other open sections, not further worked than hot-rolled, hotdrawn or extruded, of non-alloy 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
390
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Discover the top import markets for iron angle and their key statistics. Learn about the demand, import values, and growth potential in these countries. Explore the opportunities for exporters in the global iron angle market.
968
In 2016, the amount of iron angle imported worldwide totaled X tons, remaining stable against the previous year level. In general, iron angle imports continue to indicate a mild drop. The pace of ...
1371
In 2016, the amount of iron angle imported worldwide totaled X tons, remaining stable against the previous year level. In general, iron angle imports continue to indicate a mild drop. The pace of ...
1765
Despite some negative dynamics in exports, Spain was able to hold on as the leader in the global iron angles, shapes and sections trade. In 2014, Spain exported X million tons of iron angles, shapes and sections totaling X billion USD, which was
528
The global non-alloy steel h-sections market revenue amounted to $17.9B in 2018, rising by 11% against the previous...
192
Discover the top import markets for iron angle and their key statistics. Learn about the demand, import values, and growth potential in these countries. Explore the opportunities for exporters in the global iron angle market.
968
In 2016, the amount of iron angle imported worldwide totaled X tons, remaining stable against the previous year level. In general, iron angle imports continue to indicate a mild drop. The pace of ...
1371
In 2016, the amount of iron angle imported worldwide totaled X tons, remaining stable against the previous year level. In general, iron angle imports continue to indicate a mild drop. The pace of ...
1765
Despite some negative dynamics in exports, Spain was able to hold on as the leader in the global iron angles, shapes and sections trade. In 2014, Spain exported X million tons of iron angles, shapes and sections totaling X billion USD, which was
528
The global non-alloy steel h-sections market revenue amounted to $17.9B in 2018, rising by 11% against the previous...
