Hong Kong SAR, China: Threaded Copper Articles Market 2025

Threaded Copper Articles Market Size in Hong Kong SAR, China

After three years of growth, the Hong Kong threaded copper articles market decreased by -34.1% to $X in 2022. In general, consumption showed a drastic downturn. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Threaded Copper Articles Exports

Exports from Hong Kong SAR, China

In 2022, the amount of threaded articles of copper exported from Hong Kong SAR reached X tons, surging by 10% on the previous year. Over the period under review, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 173%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, threaded copper articles exports rose notably to $X in 2022. In general, exports saw a prominent expansion. The growth pace was the most rapid in 2016 with an increase of 314% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for threaded copper articles exports from Hong Kong SAR, accounting for a 66% share of total exports. Moreover, threaded copper articles exports to the United States exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was held by Macao SAR (X tons), with a 5.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +33.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-17.1% per year) and Macao SAR (+4.0% per year).

In value terms, China ($X), the United States ($X) and Vietnam ($X) appeared to be the largest markets for threaded copper articles exported from Hong Kong SAR worldwide, together accounting for 77% of total exports. The UK, Mexico and Macao SAR lagged somewhat behind, together comprising a further 10%.

The UK, with a CAGR of +52.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average threaded copper articles export price stood at $X per ton in 2022, growing by 3.5% against the previous year. Overall, the export price showed a resilient increase. The pace of growth was the most pronounced in 2013 an increase of 65% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

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 China ($X per ton), while the average price for exports to Macao SAR ($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 China (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Threaded Copper Articles Imports

Imports into Hong Kong SAR, China

In 2022, imports of threaded articles of copper into Hong Kong SAR reduced dramatically to X tons, which is down by -20% on the previous year's figure. Overall, imports saw a perceptible descent. The most prominent rate of growth was recorded in 2015 when imports increased by 143%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, threaded copper articles imports reduced slightly to $X in 2022. Over the period under review, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2015 when imports increased by 112% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) was the main supplier of threaded copper articles to Hong Kong SAR, accounting for a 97% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 2.4% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -1.8%.

In value terms, China ($X) constituted the largest supplier of threaded articles of copper to Hong Kong SAR, comprising 89% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 4.8% 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 threaded copper articles import price amounted to $X per ton, jumping by 22% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, threaded copper articles import price increased by +66.7% against 2019 indices. The pace of growth appeared the most rapid in 2014 when the average import price increased by 47%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+15.6%).

Source: IndexBox Platform

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