Price for Chain; Articulated Link, Roller, of Iron or Steel in Hong Kong SAR - 2023
Contents:
- Price for Chain; Articulated Link, Roller, of Iron or Steel in Hong Kong SAR (CIF) - 2023
- Price for Chain; Articulated Link, Roller, of Iron or Steel in Hong Kong SAR (FOB) - 2022
- Imports of Chain; Articulated Link, Roller, of Iron or Steel in Hong Kong SAR
- Exports of Chain; Articulated Link, Roller, of Iron or Steel in Hong Kong SAR
Price for Chain; Articulated Link, Roller, of Iron or Steel in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for chain; articulated link, roller, of iron or steel amounted to $2,709 per ton, which is down by -46% against the previous month. Overall, the import price, however, showed modest growth. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 232% m-o-m. The import price peaked at $24,738 per ton in June 2023; however, from July 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Japan ($21,988 per ton), while the price for China stood at $1,116 per ton.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Japan (+4.6%).
Price for Chain; Articulated Link, Roller, of Iron or Steel in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for chain; articulated link, roller, of iron or steel amounted to $16,118 per ton, rising by 55% against the previous year. In general, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2016 when the average export price increased by 57% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($32,658 per ton), while the average price for exports to Canada ($1,537 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 Indonesia (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Chain; Articulated Link, Roller, of Iron or Steel in Hong Kong SAR
In 2022, supplies from abroad of chain; articulated link, roller, of iron or steel decreased by -44.2% to 412 tons, falling for the second year in a row after two years of growth. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2020 when imports increased by 4.4%. As a result, imports attained the peak of 752 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of chain; articulated link, roller, of iron or steel contracted notably to $3.4M in 2022. Overall, imports continue to indicate a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 37%. As a result, imports reached the peak of $5.2M, and then dropped rapidly in the following year.
| Import of Chain; Articulated Link, Roller, of Iron or Steel in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 1.6 | 1.5 | 1.5 | -4.1% |
| Japan | 2.0 | 1.5 | 2.6 | 1.3 | -13.4% |
| Others | 0.9 | 0.7 | 1.1 | 0.6 | -12.6% |
| Total | 4.6 | 3.8 | 5.2 | 3.4 | -9.6% |
Top Suppliers of Chain; Articulated Link, Roller, of Iron or Steel to Hong Kong SAR in 2022:
- China (313.3 tons)
- Japan (89.0 tons)
Exports of Chain; Articulated Link, Roller, of Iron or Steel in Hong Kong SAR
In 2022, shipments abroad of chain; articulated link, roller, of iron or steel decreased by -63.3% to 39 tons, falling for the second year in a row after two years of growth. Overall, exports showed a sharp slump. The growth pace was the most rapid in 2020 when exports increased by 67%. As a result, the exports attained the peak of 131 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of chain; articulated link, roller, of iron or steel fell markedly to $630K in 2022. Over the period under review, exports, however, continue to indicate strong growth. The growth pace was the most rapid in 2020 when exports increased by 111%.
| Export of Chain; Articulated Link, Roller, of Iron or Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 170 | 576 | 723 | 468 | 40.2% |
| United States | 7.0 | 9.7 | 28.1 | 55.7 | 99.6% |
| Vietnam | 101 | 257 | 242 | 33.4 | -30.8% |
| Japan | N/A | 0.3 | 9.7 | 16.5 | 641.6% |
| Malaysia | 82.4 | 42.4 | 7.7 | 11.2 | -48.6% |
| United Kingdom | 20.3 | 6.5 | 7.4 | 7.3 | -28.9% |
| Canada | N/A | N/A | 0.4 | 4.3 | 975.0% |
| Cambodia | 125 | 104 | 0.3 | N/A | -95.1% |
| Denmark | N/A | 35.5 | N/A | N/A | 0% |
| Others | 7.7 | 54.4 | 86.2 | 34.1 | 64.2% |
| Total | 514 | 1,086 | 1,105 | 630 | 7.0% |
Top Export Markets for Chain; Articulated Link, Roller, of Iron or Steel from Hong Kong SAR in 2022:
- China (16.6 tons)
- United States (10.8 tons)
- Vietnam (5.5 tons)
- Canada (2.8 tons)
- Japan (0.9 tons)
- United Kingdom (0.5 tons)
- Malaysia (0.5 tons)
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