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Hong Kong SAR, China - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights

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Oct 13, 2023

Hong Kongs Concrete Reinforcing Bar Sees Mild Increase to $626 per Ton

Hong Kong Concrete Reinforcing Bar Import Price in June 2023

In June 2023, the concrete reinforcing bar price stood at $626 per ton (CIF, Hong Kong), almost unchanged from the previous month. Over the period under review, the import price, however, recorded a slight curtailment. The growth pace was the most rapid in April 2023 when the average import price increased by 3.2% m-o-m. Over the period under review, average import prices attained the maximum at $779 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 countries with the highest prices were Saudi Arabia ($638 per ton) and Vietnam ($619 per ton), while the price for China ($598 per ton) and Malaysia ($615 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Turkey (+2.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Hong Kong Concrete Reinforcing Bar Import Prices By Country (USD Per Ton)

COUNTRY	Import Price of Concrete Reinforcing Bar in Hong Kong (USD per ton)
COUNTRY	Jun 2022	Jul 2022	Aug 2022	Sep 2022	Oct 2022	Nov 2022	Dec 2022	Jan 2023	Feb 2023	Mar 2023	Apr 2023	May 2023	Jun 2023
Saudi Arabia	735	744	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	573	638
Vietnam	739	726	717	689	N/A	771	N/A	651	N/A	N/A	N/A	643	619
Malaysia	815	731	765	681	681	659	675	632	610	601	619	633	615
China	836	803	440	933	711	900	657	687	654	634	670	653	598
Turkey	N/A	N/A	N/A	N/A	699	N/A	839	N/A	N/A	N/A	N/A	842	N/A
United Arab Emirates	N/A	779	693	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Qatar	N/A	N/A	N/A	N/A	N/A	N/A	N/A	622	622	605	638	640	N/A
Average	779	748	717	683	689	685	674	632	613	615	635	623	626

Hong Kong Concrete Reinforcing Bar Imports

In June 2023, imports of concrete reinforcing bars into Hong Kong totaled 220K tons, growing by 2.2% against May 2023. In general, total imports indicated a notable expansion from June 2022 to June 2023: its volume increased at an average monthly rate of +3.2% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, imports decreased by -5.1% against April 2023 indices. The pace of growth was the most pronounced in January 2023 with an increase of 68% against the previous month.

In value terms, concrete reinforcing bar imports totaled $138M (IndexBox estimates) in June 2023. Overall, total imports indicated a modest increase from June 2022 to June 2023: its value increased at an average monthly rate of +1.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, imports decreased by -6.3% against April 2023 indices. The most prominent rate of growth was recorded in January 2023 with an increase of 57% month-to-month.

Hong Kong Concrete Reinforcing Bar Imports by Country

Saudi Arabia (115K tons), Malaysia (77K tons) and Vietnam (16K tons) were the main suppliers of concrete reinforcing bar imports to Hong Kong, together comprising 94% of total imports.

From June 2022 to June 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Saudi Arabia (with a CAGR of +9.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest concrete reinforcing bar suppliers to Hong Kong were Saudi Arabia ($73M), Malaysia ($47M) and Vietnam ($9.7M), with a combined 94% share of total imports.

Saudi Arabia, with a CAGR of +7.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the concrete reinforcing bar 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 2410T241 - Concrete reinforcing bars
Prodcom 24106210 - Hot-rolled concrete reinforcing bars

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023

Hong Kong SAR, China - Concrete Reinforcing Bars - Market Analysis, Forecast, Size, Trends And Insights

Hong Kongs Concrete Reinforcing Bar Sees Mild Increase to $626 per Ton

Hong Kong Concrete Reinforcing Bar Import Price in June 2023

Hong Kong Concrete Reinforcing Bar Imports

Hong Kong Concrete Reinforcing Bar Imports by Country

Product coverage:

Country coverage:

Data coverage:

Reasons to buy this report:

1. INTRODUCTION

2. EXECUTIVE SUMMARY

3. MARKET OVERVIEW

4. MOST PROMISING PRODUCT

5. MOST PROMISING SUPPLYING COUNTRIES

6. MOST PROMISING OVERSEAS MARKETS

7. PRODUCTION

8. IMPORTS

9. EXPORTS

10. PROFILES OF MAJOR PRODUCERS

LIST OF TABLES

LIST OF FIGURES

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