Hong Kong SAR, China: Concrete Reinforcing Bar Market 2025

Concrete Reinforcing Bar Market Size in Hong Kong SAR, China

The Hong Kong concrete reinforcing bar market declined modestly to $X in 2022, leveling off at the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +75.4% against 2020 indices. As a result, consumption attained the peak level of $X, leveling off in the following year.

Concrete Reinforcing Bar Exports

Exports from Hong Kong SAR, China

In 2022, after two years of growth, there was significant decline in shipments abroad of concrete reinforcing bars, when their volume decreased by -14% to X tons. Over the period under review, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2014 with an increase of 105%. The exports peaked at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, concrete reinforcing bar exports expanded sharply to $X in 2022. In general, exports, however, saw prominent growth. The growth pace was the most rapid in 2021 when exports increased by 106%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Macao SAR (X tons) was the main destination for concrete reinforcing bar exports from Hong Kong SAR, with a 86% share of total exports. Moreover, concrete reinforcing bar exports to Macao SAR exceeded the volume sent to the second major destination, China (X tons), sixfold.

From 2012 to 2022, the average annual growth rate of volume to Macao SAR stood at +11.1%.

In value terms, Macao SAR ($X) remains the key foreign market for concrete reinforcing bars exports from Hong Kong SAR, comprising 87% of total exports. The second position in the ranking was held by China ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Macao SAR stood at +13.0%.

Export Prices by Country

The average concrete reinforcing bar export price stood at $X per ton in 2022, jumping by 23% against the previous year. Overall, export price indicated a mild expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar export price increased by +71.3% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 39% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+1.7%), while the prices for the other major destinations experienced mixed trend patterns.

Concrete Reinforcing Bar Imports

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of concrete reinforcing bars decreased by -11.4% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, total imports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +29.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. As a result, imports attained the peak of X tons, and then contracted in the following year.

In value terms, concrete reinforcing bar imports reached $X in 2022. Over the period under review, imports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 101% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

Malaysia (X tons), Vietnam (X tons) and the United Arab Emirates (X tons) were the main suppliers of concrete reinforcing bar imports to Hong Kong SAR, with a combined 68% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United Arab Emirates (with a CAGR of +372.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest concrete reinforcing bar suppliers to Hong Kong SAR were Malaysia ($X), Vietnam ($X) and the United Arab Emirates ($X), with a combined 68% share of total imports.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of +372.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average concrete reinforcing bar import price stood at $X per ton in 2022, with an increase of 18% against the previous year. Overall, import price indicated mild growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, concrete reinforcing bar import price increased by +64.5% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 42%. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($X per ton) and the United Arab Emirates ($X per ton), while the price for Turkey ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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