Price for Aluminium; Tubes and Pipes in Hong Kong SAR - 2023

Contents:

1. Price for Aluminium; Tubes and Pipes in Hong Kong SAR (FOB) - 2022
2. Price for Aluminium; Tubes and Pipes in Hong Kong SAR (CIF) - 2022
3. Exports of Aluminium; Tubes and Pipes in Hong Kong SAR
4. Imports of Aluminium; Tubes and Pipes in Hong Kong SAR

Price for Aluminium; Tubes and Pipes in Hong Kong SAR (FOB) - 2022

In 2022, the average aluminium; tubes and pipes export price amounted to $12,925 per ton, approximately reflecting the previous year. Over the period under review, the export price, however, saw a buoyant increase. The growth pace was the most rapid in 2018 when the average export price increased by 50%. The export price peaked at $13,036 per ton in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($13,668 per ton), while the average price for exports to Macao SAR ($5,576 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 China (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Aluminium; Tubes and Pipes in Hong Kong SAR (CIF) - 2022

In 2022, the average aluminium; tubes and pipes import price amounted to $6,403 per ton, growing by 3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.2%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 23% against the previous year. Over the period under review, average import prices hit record highs at $6,964 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($20,465 per ton), while the price for Taiwan (Chinese) ($5,025 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.3%), while the prices for the other major suppliers experienced a decline.

Exports of Aluminium; Tubes and Pipes in Hong Kong SAR

Aluminium; tubes and pipes exports from Hong Kong SAR dropped significantly to 176 tons in 2022, which is down by -43.5% compared with the previous year. Over the period under review, exports showed a dramatic downturn. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year.

In value terms, aluminium; tubes and pipes exports reduced remarkably to $2.3M in 2022. In general, exports recorded a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 34%. As a result, the exports reached the peak of $4.1M, and then declined rapidly in the following year.

Top Export Markets for Aluminium; Tubes and Pipes from Hong Kong SAR in 2022:

1. Egypt (69.8 tons)
2. China (67.4 tons)
3. United States (24.8 tons)
4. Japan (3.1 tons)
5. Macao SAR (2.9 tons)
6. Vietnam (2.0 tons)

Imports of Aluminium; Tubes and Pipes in Hong Kong SAR

For the third consecutive year, Hong Kong SAR recorded decline in purchases abroad of aluminium; tubes and pipeses, which decreased by -41.3% to 310 tons in 2022. In general, imports continue to indicate a significant curtailment. The smallest decline of -7.2% was in 2021.

In value terms, aluminium; tubes and pipes imports reduced notably to $2M in 2022. Overall, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 7.2% against the previous year.

Top Suppliers of Aluminium; Tubes and Pipes to Hong Kong SAR in 2022:

1. China (259.3 tons)
2. Taiwan (Chinese) (18.2 tons)
3. Japan (17.2 tons)
4. United States (13.9 tons)

Source: IndexBox Market Intelligence Platform