Hong Kong SAR, China: Market for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm 2024

Market Size for Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm in Hong Kong SAR, China

In 2022, the Hong Kong market for aluminium plates, sheets and strip of thickness over X mm was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Consumption of peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Production of Aluminium Plates, Sheets and Strip of Thickness over X mm in Hong Kong SAR, China

In value terms, production of aluminium plates, sheets and strip of thickness over X mm amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Production of peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Exports from Hong Kong SAR, China

In 2022, after four years of growth, there was significant decline in shipments abroad of aluminium plates, sheets and strip of thickness over X mm, when their volume decreased by X% to X tons. Overall, exports saw a abrupt contraction. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. The exports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, exports of aluminium plates, sheets and strip of thickness over X mm contracted notably to $X in 2022. In general, exports continue to indicate a noticeable decline. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the exports of hit record highs at $X in 2021, and then dropped sharply in the following year.

Exports by Country

Cambodia (X tons) was the main destination for exports of aluminium plates, sheets and strip of thickness over X mm from Hong Kong SAR, accounting for a X% share of total exports. Moreover, exports of aluminium plates, sheets and strip of thickness over X mm to Cambodia exceeded the volume sent to the second major destination, Vietnam (X tons), fivefold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Cambodia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and China (X% per year).

In value terms, Cambodia ($X) remains the key foreign market for aluminium plates, sheets and strip of thickness over X mm exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Cambodia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and China (X% per year).

Export Prices by Country

The average export price for aluminium plates, sheets and strip of thickness over X mm stood at $X per ton in 2022, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per ton in 2015; afterwards, it flattened through to 2022.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Thailand ($X 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 Cambodia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Aluminium Plates, Sheets and Strip of Thickness over 0.2 mm

Imports into Hong Kong SAR, China

After three years of decline, purchases abroad of aluminium plates, sheets and strip of thickness over X mm increased by X% to X tons in 2022. Overall, imports, however, showed a abrupt slump. Over the period under review, imports of attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of aluminium plates, sheets and strip of thickness over X mm dropped modestly to $X in 2022. Over the period under review, imports, however, saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of aluminium plate, sheet and strip of thickness over X mm to Hong Kong SAR, accounting for a X% share of total imports. Moreover, imports of aluminium plates, sheets and strip of thickness over X mm from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), more than tenfold. Japan (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (X% per year) and Japan (X% per year).

In value terms, China ($X), Japan ($X) and Thailand ($X) appeared to be the largest aluminium plate, sheet and strip of thickness over X mm suppliers to Hong Kong SAR, together comprising X% of total imports.

In terms of the main suppliers, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for aluminium plates, sheets and strip of thickness over X mm stood at $X per ton in 2022, with a decrease of X% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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