Hong Kong SAR, China: Metal Self-Tapping Screw Market 2025

Metal Self-Tapping Screw Market Size in Hong Kong SAR, China

In 2022, after two years of growth, there was decline in the Hong Kong metal self-tapping screw market, when its value decreased by -4.2% to $X. Over the period under review, consumption recorded a perceptible decrease. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption remained at a lower figure.

Metal Self-Tapping Screw Production in Hong Kong SAR, China

In value terms, metal self-tapping screw production expanded notably to $X in 2022 estimated in export price. In general, production, however, recorded a pronounced contraction. The pace of growth was the most pronounced in 2015 when the production volume increased by 126%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Metal Self-Tapping Screw Exports

Exports from Hong Kong SAR, China

In 2022, exports of iron or steel self-tapping screws from Hong Kong SAR dropped to X tons, with a decrease of -4.8% on the year before. Overall, exports saw a deep setback. The most prominent rate of growth was recorded in 2013 when exports increased by 114%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, metal self-tapping screw exports rose significantly to $X in 2022. In general, exports recorded a pronounced descent. The most prominent rate of growth was recorded in 2013 when exports increased by 51% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for metal self-tapping screw exports from Hong Kong SAR, with a 48% share of total exports. Moreover, metal self-tapping screw exports to China exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was held by Vietnam (X tons), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to -11.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+7.6% per year) and Vietnam (+174.9% per year).

In value terms, China ($X) remains the key foreign market for iron or steel self-tapping screws exports from Hong Kong SAR, comprising 36% of total exports. The second position in the ranking was taken by Thailand ($X), with a 16% share of total exports. It was followed by the United States, with a 15% share.

From 2012 to 2022, the average annual growth rate of value to China stood at -7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+1.6% per year) and the United States (+19.8% per year).

Export Prices by Country

In 2022, the average metal self-tapping screw export price amounted to $X per ton, surging by 12% against the previous year. Overall, the export price enjoyed a resilient expansion. The growth pace was the most rapid in 2019 an increase of 55% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Malaysia ($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 the UK (+18.8%), while the prices for the other major destinations experienced more modest paces of growth.

Metal Self-Tapping Screw Imports

Imports into Hong Kong SAR, China

In 2022, the amount of iron or steel self-tapping screws imported into Hong Kong SAR fell significantly to X tons, shrinking by -23% compared with the year before. Overall, imports saw a noticeable slump. The most prominent rate of growth was recorded in 2013 with an increase of 37% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, metal self-tapping screw imports dropped dramatically to $X in 2022. In general, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of metal self-tapping screw to Hong Kong SAR, with a 82% share of total imports. Moreover, metal self-tapping screw imports from China exceeded the figures recorded by the second-largest supplier, Taiwan (Chinese) (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -2.4%.

In value terms, China ($X) constituted the largest supplier of iron or steel self-tapping screws to Hong Kong SAR, comprising 68% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

In 2022, the average metal self-tapping screw import price amounted to $X per ton, picking up by 6.3% against the previous year. In general, import price indicated a mild expansion 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, metal self-tapping screw import price increased by +69.0% against 2019 indices. The growth pace was the most rapid in 2020 an increase of 32%. Over the period under review, average import prices reached the maximum in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+2.2%).

Source: IndexBox Platform

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