Hong Kong SAR, China: Market for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers 2021

Market Size for Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Hong Kong SAR, China

In 2020, the Hong Kong market for iron, steel or aluminium reservoirs, tanks, vats and similar containers decreased by -X% to $X, falling for the second year in a row after two years of growth. In general, consumption showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2008 when the market value increased by X% year-to-year. Over the period under review, the market attained the maximum level at $X in 2009; however, from 2010 to 2020, consumption stood at a somewhat lower figure.

Production of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers in Hong Kong SAR, China

In value terms, iron, steel or aluminium reservoir production declined to $X in 2020 estimated in export prices. Over the period under review, production, however, continues to indicate a slight decrease. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2008; however, from 2009 to 2020, production failed to regain the momentum.

Exports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Exports from Hong Kong SAR, China

In 2020, exports of iron, steel or aluminium reservoirs, tanks, vats and similar containers from Hong Kong SAR surged to X tons, rising by X% against 2019 figures. In general, exports enjoyed a measured increase. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, iron, steel or aluminium reservoir exports shrank remarkably to $X in 2020. Over the period under review, exports saw a mild decrease. The pace of growth appeared the most rapid in 2018 with an increase of X% y-o-y. As a result, exports attained the peak of $X. from 2019 to 2020, the growth exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for iron, steel or aluminium reservoir exports from Hong Kong SAR, accounting for a X% share of total exports. It was followed by Thailand (X tons), with a X% share of total exports.

From 2007 to 2020, the average annual growth rate of volume to China stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (+X% per year) and Israel (+X% per year).

In value terms, China ($X) remains the key foreign market for iron, steel or aluminium reservoir exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by Israel ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to China stood at -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (+X% per year) and Thailand (+X% per year).

Export Prices by Country

In 2020, the average export price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, reducing by -X% against the previous year. Over the period under review, the export price saw a abrupt setback. The most prominent rate of growth was recorded in 2008 when the average export price increased by X% year-to-year. As a result, export price reached the peak level of $X per ton. from 2009 to 2020, the growth in terms of the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was Israel ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Thailand, while the prices for the other major destinations experienced a decline.

Imports of Iron, Steel Or Aluminium Reservoirs, Tanks, Vats And Similar Containers

Imports into Hong Kong SAR, China

In 2020, imports of iron, steel or aluminium reservoirs, tanks, vats and similar containers into Hong Kong SAR reduced rapidly to X tons, waning by -X% compared with the year before. In general, imports, however, recorded a prominent increase. The pace of growth was the most pronounced in 2008 with an increase of X% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2020, imports remained at a lower figure.

In value terms, iron, steel or aluminium reservoir imports shrank dramatically to $X in 2020. Over the period under review, imports, however, continue to indicate moderate growth. The growth pace was the most rapid in 2008 with an increase of X% y-o-y. Imports peaked at $X in 2019, and then plummeted in the following year.

Imports by Country

In 2020, China (X tons) constituted the largest iron, steel or aluminium reservoir supplier to Hong Kong SAR, with a X% share of total imports. Moreover, iron, steel or aluminium reservoir imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), threefold. The third position in this ranking was occupied by Indonesia (X tons), with a X% share.

From 2007 to 2020, the average annual growth rate of volume from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Indonesia (+X% per year).

In value terms, China ($X) constituted the largest supplier of iron, steel or aluminium reservoir to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by Italy ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2007 to 2020, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2020, the average import price for iron, steel or aluminium reservoirs, tanks, vats and similar containers amounted to $X per ton, reducing by -X% against the previous year. In general, the import price showed a perceptible descent. The growth pace was the most rapid in 2017 an increase of X% year-to-year. Over the period under review, average import prices reached the peak figure at $X per ton in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Italy ($X per ton), while the price for Indonesia ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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