Hong Kong SAR, China: Non-Alloy Steel I-Sections Market 2025

Non-Alloy Steel I-Sections Market Size in Hong Kong SAR, China

The Hong Kong non-alloy steel i-sections market shrank slightly to $X in 2021, almost unchanged from the previous year. In general, consumption, however, posted a modest increase. Non-alloy steel i-sections consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Non-Alloy Steel I-Sections Production in Hong Kong SAR, China

In value terms, non-alloy steel i-sections production amounted to $X in 2021 estimated in export price. Overall, production showed a dramatic curtailment. The pace of growth appeared the most rapid in 2013 when the production volume increased by 55%. Non-alloy steel i-sections production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Non-Alloy Steel I-Sections Exports

Exports from Hong Kong SAR, China

In 2021, approx. X tons of i-sections of non-alloy steel were exported from Hong Kong SAR; which is down by -5.6% compared with the previous year's figure. Overall, total exports indicated a modest increase from 2012 to 2021: its volume increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +66.1% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 76%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, non-alloy steel i-sections exports amounted to $X in 2021. Over the period under review, total exports indicated a slight expansion from 2012 to 2021: its value increased at an average annual rate of +1.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +77.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 72%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for non-alloy steel i-sections exports from Hong Kong SAR, accounting for a 90% share of total exports. Moreover, non-alloy steel i-sections exports to China exceeded the volume sent to the second major destination, Macao SAR (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to China amounted to +2.0%.

In value terms, China ($X) remains the key foreign market for i-sections of non-alloy steel exports from Hong Kong SAR, comprising 88% of total exports. The second position in the ranking was held by Macao SAR ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual growth rate of value to China totaled +1.8%.

Export Prices by Country

In 2021, the average non-alloy steel i-sections export price amounted to $X per ton, growing by 9.3% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Macao SAR ($X per ton), while the average price for exports to China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+1.5%).

Non-Alloy Steel I-Sections Imports

Imports into Hong Kong SAR, China

In 2021, after five years of growth, there was significant decline in overseas purchases of i-sections of non-alloy steel, when their volume decreased by -21.4% to X tons. In general, imports, however, posted a significant increase. The pace of growth was the most pronounced in 2016 when imports increased by 371% against the previous year. Over the period under review, imports hit record highs at X tons in 2020, and then reduced notably in the following year.

In value terms, non-alloy steel i-sections imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 326% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X tons) was the main non-alloy steel i-sections supplier to Hong Kong SAR, with a 91% share of total imports. Moreover, non-alloy steel i-sections imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), tenfold.

From 2012 to 2021, the average annual growth rate of volume from China stood at +53.5%.

In value terms, China ($X) constituted the largest supplier of i-sections of non-alloy steel to Hong Kong SAR, comprising 90% of total imports. The second position in the ranking was taken by South Korea ($X), with a 9.8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +56.4%.

Import Prices by Country

The average non-alloy steel i-sections import price stood at $X per ton in 2021, growing by 57% against the previous year. Overall, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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