Report Update Nov 1, 2024

Hong Kong SAR, China - Pig Iron and Spiegeleisen - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Pig Iron Market 2022

Pig Iron Market Size in Hong Kong SAR, China

After four years of growth, the Hong Kong pig iron market decreased by -31.1% to $X in 2021. Overall, consumption, however, saw a significant increase. Over the period under review, the market hit record highs at $X in 2020, and then fell rapidly in the following year.

Pig Iron Production in Hong Kong SAR, China

In value terms, pig iron production contracted notably to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 44% against the previous year. Over the period under review, production attained the peak level at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Pig Iron Exports

Exports from Hong Kong SAR, China

In 2021, the amount of pig iron and spiegeleisen exported from Hong Kong SAR soared to X tons, rising by 123% against 2020. Overall, exports, however, recorded a pronounced reduction. The pace of growth was the most pronounced in 2015 when exports increased by 970%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, pig iron exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2015 with an increase of 469% against the previous year. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Colombia (X tons), Peru (X tons) and Panama (X tons) were the main destinations of pig iron exports from Hong Kong SAR, with a combined 84% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Peru (with a CAGR of +13,387.5%), while the other leaders experienced more modest paces of growth.

In value terms, Panama ($X), Denmark ($X) and Colombia ($X) constituted the largest markets for pig iron exported from Hong Kong SAR worldwide, with a combined 67% share of total exports. These countries were followed by Peru, Guatemala and Bolivia, which together accounted for a further 24%.

In terms of the main countries of destination, Peru, with a CAGR of +3,314.8%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pig iron export price stood at $X per ton in 2021, with a decrease of -39.3% against the previous year. Over the period under review, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 an increase of 105%. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Denmark ($X per ton), while the average price for exports to Colombia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+81.1%), while the prices for the other major destinations experienced mixed trend patterns.

Pig Iron Imports

Imports into Hong Kong SAR, China

After four years of growth, supplies from abroad of pig iron and spiegeleisen decreased by -31.9% to X tons in 2021. Over the period under review, imports, however, recorded significant growth. The pace of growth was the most pronounced in 2017 with an increase of 1,390% against the previous year. Imports peaked at X tons in 2020, and then contracted rapidly in the following year.

In value terms, pig iron imports reduced rapidly to $X in 2021. In general, imports, however, posted significant growth. The growth pace was the most rapid in 2017 when imports increased by 1,806% against the previous year. Over the period under review, imports hit record highs at $X in 2020, and then fell rapidly in the following year.

Imports by Country

In 2021, the UK (X tons) constituted the largest pig iron supplier to Hong Kong SAR, accounting for a 67% share of total imports. Moreover, pig iron imports from the UK exceeded the figures recorded by the second-largest supplier, Italy (X tons), twofold.

From 2012 to 2021, the average annual growth rate of volume from the UK amounted to +227.3%.

In value terms, the UK ($X) constituted the largest supplier of pig iron to Hong Kong SAR, comprising 67% of total imports. The second position in the ranking was taken by Italy ($X), with a 33% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the UK amounted to +175.8%.

Import Prices by Country

In 2021, the average pig iron import price amounted to $X per ton, remaining constant against the previous year. Over the period under review, the import price, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2017 an increase of 28%. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was the UK ($X per ton), while the price for Italy amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+3.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for pig iron and spiegeleisen in the world?

China constituted the country with the largest volume of pig iron consumption, accounting for 73% of total volume. Moreover, pig iron consumption in China exceeded the figures recorded by the second-largest consumer, India, tenfold. The third position in this ranking was occupied by South Korea, with a 4.9% share.

What are the largest producers of pig iron and spiegeleisen in the world?

China remains the largest pig iron producing country worldwide, accounting for 73% of total volume. Moreover, pig iron production in China exceeded the figures recorded by the second-largest producer, India, tenfold. The third position in this ranking was occupied by South Korea, with a 4.9% share.

What are the leading suppliers of pig iron and spiegeleisen to Hong Kong SAR, China?

In value terms, the UK constituted the largest supplier of pig iron to Hong Kong SAR, comprising 67% of total imports. The second position in the ranking was occupied by Italy, with a 33% share of total imports.

What are the leading importers of pig iron and spiegeleisen from Hong Kong SAR, China?

In value terms, Denmark remains the key foreign market for pig iron exports from Hong Kong SAR, comprising 54% of total exports. The second position in the ranking was occupied by Switzerland, with a 23% share of total exports. It was followed by Guatemala, with an 18% share.

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

In 2021, the average pig iron export price amounted to $1,188 per ton, approximately mirroring the previous year.

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

The average pig iron import price stood at $275 per ton in 2021, standing approx. at the previous year.

This report provides an in-depth analysis of the pig iron 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 24101100 - Pig iron and spiegeleisen in pigs, blocks or other primary forms

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