Hong Kong SAR, China: Aluminium Tube Market 2024

Aluminium Tube Market Size in Hong Kong SAR, China

The Hong Kong aluminium tube market rose to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, enjoyed resilient growth. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Aluminium Tube Production in Hong Kong SAR, China

In value terms, aluminium tube production declined slightly to $X in 2022 estimated in export price. Over the period under review, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Aluminium tube production peaked at $X in 2019; afterwards, it flattened through to 2022.

Aluminium Tube Exports

Exports from Hong Kong SAR, China

Aluminium tube exports from Hong Kong SAR dropped sharply to X tons in 2022, declining by X% compared with the previous year's figure. Overall, exports saw a significant decline. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, aluminium tube exports declined notably to $X in 2022. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons), Egypt (X tons) and the United States (X tons) were the main destinations of aluminium tube exports from Hong Kong SAR, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Egypt (with a CAGR of X%), while the other leaders experienced mixed trend patterns.

In value terms, China ($X), Egypt ($X) and the United States ($X) were the largest markets for aluminium tube exported from Hong Kong SAR worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Egypt, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average aluminium tube export price amounted to $X per ton, growing by X% against the previous year. Over the period under review, the export price saw a buoyant expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United States ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Aluminium Tube Imports

Imports into Hong Kong SAR, China

In 2022, imports of aluminium tubes, pipes and tube or pipe fittings into Hong Kong SAR shrank notably to X tons, waning by X% on the year before. Overall, imports recorded a significant curtailment. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, aluminium tube imports declined markedly to $X in 2022. Over the period under review, imports faced a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of aluminium tube to Hong Kong SAR, with a X% share of total imports. Moreover, aluminium tube imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) constituted the largest supplier of aluminium tubes, pipes and tube or pipe fittings to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Japan, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

Import Prices by Country

The average aluminium tube import price stood at $X per ton in 2022, remaining constant against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2022: its price 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. Based on 2022 figures, aluminium tube import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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