Report Update Nov 1, 2024

Hong Kong SAR, China - Iron Ores and Concentrates - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Iron Ore Market 2024

Iron Ore Market Size in Hong Kong SAR, China

After eight years of decline, the Hong Kong iron ore market increased by 2,266% to $X in 2021. Overall, consumption, however, saw a deep downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Iron Ore Production in Hong Kong SAR, China

In value terms, iron ore production fell slightly to $X in 2021 estimated in export price. In general, production, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2020 when the production volume increased by 2.7%. Iron ore production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Iron Ore Exports

Exports from Hong Kong SAR, China

In 2021, after five years of growth, there was significant decline in overseas shipments of iron ores and concentrates, when their volume decreased by -98.8% to X tons. Over the period under review, exports, however, recorded a significant increase. The pace of growth was the most pronounced in 2014 when exports increased by 1,146%. The exports peaked at X tons in 2020, and then fell dramatically in the following year.

In value terms, iron ore exports fell significantly to $X in 2021. In general, exports, however, recorded resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 1,250% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then dropped dramatically in the following year.

Exports by Country

Malaysia (X tons) was the main destination for iron ore exports from Hong Kong SAR, accounting for a 98% share of total exports. It was followed by China (X tons), with a 2.1% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Malaysia stood at +75.9%.

In value terms, Malaysia ($X) remains the key foreign market for iron ores and concentrates exports from Hong Kong SAR, comprising 97% of total exports. The second position in the ranking was taken by China ($X), with a 2.8% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia totaled +42.4%.

Export Prices by Country

In 2021, the average iron ore export price amounted to $X per ton, rising by 53% against the previous year. In general, the export price, however, showed a abrupt descent. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Malaysia amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (-5.0%).

Iron Ore Imports

Imports into Hong Kong SAR, China

Iron ore imports into Hong Kong SAR soared to X tons in 2021, increasing by 3,038% against the previous year's figure. In general, imports, however, continue to indicate a deep contraction. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, iron ore imports surged to $X in 2021. Overall, imports, however, continue to indicate a abrupt curtailment. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Australia (X tons) constituted the largest supplier of iron ore to Hong Kong SAR, with a 60% share of total imports. Moreover, iron ore imports from Australia exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. Russia (X tons) ranked third in terms of total imports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume from Australia amounted to +104.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-20.3% per year) and Russia (+62.5% per year).

In value terms, Australia ($X) constituted the largest supplier of iron ores and concentrates to Hong Kong SAR, comprising 58% of total imports. The second position in the ranking was taken by Mexico ($X), with a 23% share of total imports. It was followed by Russia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Australia totaled +114.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (-13.7% per year) and Russia (+75.1% per year).

Import Prices by Country

In 2021, the average iron ore import price amounted to $X per ton, rising by 39% against the previous year. Overall, the import price showed notable growth. The pace of growth appeared the most rapid in 2018 an increase of 96%. As a result, import price attained the peak level of $X per ton. From 2019 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+35.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for iron ores and concentrates in the world?

The countries with the highest volumes of iron ore consumption in 2020 were China, Australia and Russia, together accounting for 74% of global consumption.

What are the largest producers of iron ores and concentrates in the world?

Australia remains the largest iron ore producing country worldwide, accounting for 48% of total volume. Moreover, iron ore production in Australia exceeded the figures recorded by the second-largest producer, Brazil, threefold. Russia ranked third in terms of total production with a 15% share.

What are the leading suppliers of iron ores and concentrates to Hong Kong SAR, China?

In value terms, Mexico constituted the largest supplier of iron ore to Hong Kong SAR.

What are the leading importers of iron ores and concentrates from Hong Kong SAR, China?

In value terms, Malaysia remains the key foreign market for iron ore exports from Hong Kong SAR.

What is the average export price for iron ores and concentrates in Hong Kong SAR, China?

In 2020, the average iron ore export price amounted to $103 per ton, increasing by 1.9% against the previous year.

What is the average import price for iron ores and concentrates in Hong Kong SAR, China?

The average iron ore import price stood at $75 per ton in 2020, approximately equating the previous year.

This report provides an in-depth analysis of the iron ore market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 07101000 - Iron ores and concentrates (excluding roasted iron pyrites)
Prodcom 07101010 -
Prodcom 07101020 -

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023