Hong Kong SAR, China: Market for Stainless Steel Seamless Pipe For Oil And Gas 2024

Market Size for Stainless Steel Seamless Pipe For Oil And Gas in Hong Kong SAR, China

The Hong Kong stainless steel seamless pipe market declined rapidly to $X in 2022, reducing by X% against the previous year. Over the period under review, the total consumption indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2016 indices. Over the period under review, the market reached the peak level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Stainless Steel Seamless Pipe For Oil And Gas in Hong Kong SAR, China

In value terms, stainless steel seamless pipe production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a lower figure.

Exports of Stainless Steel Seamless Pipe For Oil And Gas

Exports from Hong Kong SAR, China

In 2022, exports of stainless steel seamless pipe for oil and gas from Hong Kong SAR skyrocketed to X tons, increasing by X% on 2021 figures. Over the period under review, exports recorded a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, stainless steel seamless pipe exports soared to $X in 2022. In general, exports enjoyed strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Iran (X tons) was the main destination for stainless steel seamless pipe exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, stainless steel seamless pipe exports to Iran exceeded the volume sent to the second major destination, Suriname (X tons), threefold. Mozambique (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Iran amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Suriname (X% per year) and Mozambique (X% per year).

In value terms, Iran ($X) remains the key foreign market for stainless steel seamless pipe for oil and gas exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Panama ($X), with a X% share of total exports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iran stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Panama (X% per year) and Brazil (X% per year).

Export Prices by Country

The average stainless steel seamless pipe export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Panama ($X per ton), while the average price for exports to Tanzania ($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 India (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Stainless Steel Seamless Pipe For Oil And Gas

Imports into Hong Kong SAR, China

In 2022, supplies from abroad of stainless steel seamless pipe for oil and gas increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a dramatic shrinkage. The growth pace was the most rapid in 2018 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, stainless steel seamless pipe imports soared to $X in 2022. Overall, imports, however, recorded a abrupt descent. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main stainless steel seamless pipe supplier to Hong Kong SAR, with a X% share of total imports. It was followed by Singapore (X tons), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of stainless steel seamless pipe for oil and gas to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was held by Singapore ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (X% per year) and Germany (X% per year).

Import Prices by Country

The average stainless steel seamless pipe import price stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the import price, however, showed buoyant growth. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2021, and then shrank in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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