Hong Kong SAR, China - Hot-Rolled Bars Of High Speed Steel - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Hot-Rolled High Speed Steel Bar in Hong Kong SAR - 2023
Contents:
- Price for Hot-Rolled High Speed Steel Bar in Hong Kong SAR (CIF) - 2022
- Price for Hot-Rolled High Speed Steel Bar in Hong Kong SAR (FOB) - 2022
- Imports of Hot-Rolled High Speed Steel Bar in Hong Kong SAR
- Exports of Hot-Rolled High Speed Steel Bar in Hong Kong SAR
Price for Hot-Rolled High Speed Steel Bar in Hong Kong SAR (CIF) - 2022
The average import price for hot-rolled bars of high speed steel stood at $26,299 per ton in 2022, picking up by 136% against the previous year. Overall, the import price recorded a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Sweden.
From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to -8.4% per year.
Price for Hot-Rolled High Speed Steel Bar in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for hot-rolled bars of high speed steel amounted to $6,923 per ton, picking up by 40% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 53% against the previous year. As a result, the export price attained the peak level of $8,596 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Israel ($15,494 per ton), while the average price for exports to Malaysia ($899 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 South Africa (+20.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Hot-Rolled High Speed Steel Bar in Hong Kong SAR
In 2022, purchases abroad of hot-rolled bars of high speed steel decreased by -89.1% to 1.5 tons, falling for the second year in a row after two years of growth. In general, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 1,857% against the previous year. As a result, imports attained the peak of 39 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, hot-rolled high speed steel bar imports contracted sharply to $40K in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when imports increased by 1,067% against the previous year. As a result, imports reached the peak of $468K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Hot-Rolled High Speed Steel Bar in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 0.7 | 5.6 | 1.0 | 39.6 | 283.9% |
| Thailand | 0.2 | 2.0 | 0.5 | N/A | 58.1% |
| Germany | 1.6 | 18.9 | 6.7 | N/A | 104.6% |
| France | 0.4 | 10.6 | 0.8 | N/A | 41.4% |
| Austria | 1.9 | 33.0 | 14.7 | N/A | 178.2% |
| Japan | 2.2 | 25.3 | 7.5 | N/A | 84.6% |
| Singapore | 0.7 | 6.5 | 1.9 | N/A | 64.8% |
| Taiwan (Chinese) | 0.6 | 1.6 | 4.0 | N/A | 158.2% |
| Others | 31.8 | 364 | 118 | N/A | 92.6% |
| Total | 40.1 | 468 | 155 | 39.6 | -0.4% |
Top Suppliers of Hot-Rolled High Speed Steel Bar to Hong Kong SAR in 2022:
- Sweden (1.5 tons)
Exports of Hot-Rolled High Speed Steel Bar in Hong Kong SAR
In 2022, overseas shipments of hot-rolled bars of high speed steel were finally on the rise to reach 55 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a dramatic descent.
In value terms, hot-rolled high speed steel bar exports soared to $380K in 2022. Overall, exports, however, recorded a deep downturn.
| Export of Hot-Rolled High Speed Steel Bar in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 8.9 | 21.7 | 11.4 | 144 | 152.9% |
| Israel | N/A | N/A | N/A | 44.9 | 0% |
| Indonesia | 6.2 | 19.7 | 17.4 | 43.5 | 91.4% |
| Philippines | 20.3 | 20.8 | 2.3 | 11.6 | -17.0% |
| Vietnam | 5.7 | 17.5 | 5.2 | 9.4 | 18.1% |
| India | 600 | 377 | 38.1 | 8.2 | -76.1% |
| Malaysia | 5.0 | 5.2 | 2.6 | 4.7 | -2.0% |
| Others | 80.8 | 156 | 66.5 | 114 | 12.2% |
| Total | 727 | 617 | 144 | 380 | -19.4% |
Top Export Markets for Hot-Rolled High Speed Steel Bar from Hong Kong SAR in 2022:
- Indonesia (15.8 tons)
- Brazil (11.0 tons)
- Philippines (5.4 tons)
- Malaysia (5.3 tons)
- Israel (2.9 tons)
- India (2.0 tons)
- Vietnam (0.7 tons)
This report provides an in-depth analysis of the market for hot-rolled high speed steel bar 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 24106610 - Hot-rolled bars of high speed 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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