Hong Kong SAR, China - Iron Or Steel Nuts (Including Self-Locking Nuts) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Self-Locking Nut Price in Hong Kong SAR - 2023
Contents:
- Metal Self-Locking Nut Price in Hong Kong SAR (FOB) - 2023
- Metal Self-Locking Nut Price in Hong Kong SAR (CIF) - 2023
- Metal Self-Locking Nut Exports in Hong Kong SAR
- Metal Self-Locking Nut Imports in Hong Kong SAR
Metal Self-Locking Nut Price in Hong Kong SAR (FOB) - 2023
The average metal self-locking nut export price stood at $33,859 per ton in June 2023, increasing by 31% against the previous month. Overall, the export price, however, showed a slight decline. The most prominent rate of growth was recorded in October 2022 an increase of 101% against the previous month. The export price peaked at $42,961 per ton in February 2023; however, from March 2023 to June 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($48,491 per ton), while the average price for exports to the UK ($4,752 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+0.4%), while the prices for the other major destinations experienced a decline.
Metal Self-Locking Nut Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average metal self-locking nut import price amounted to $7,407 per ton, rising by 56% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 an increase of 62% month-to-month. As a result, import price reached the peak level of $12,989 per ton. From September 2022 to June 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($16,646 per ton), while the price for China ($4,202 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Metal Self-Locking Nut Exports in Hong Kong SAR
Metal self-locking nut exports from Hong Kong SAR shrank to 635 tons in 2022, with a decrease of -11.3% on the year before. In general, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +8.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 66%. As a result, the exports reached the peak of 717 tons, and then fell in the following year.
In value terms, metal self-locking nut exports reduced markedly to $22M in 2022. Over the period under review, exports continue to indicate a abrupt slump. The growth pace was the most rapid in 2020 when exports increased by 11%. As a result, the exports reached the peak of $28M. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
Export of Metal Self-Locking Nut in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 18.3 | 23.5 | 18.6 | 13.6 | -9.4% |
United Kingdom | N/A | 0.1 | 0.3 | 1.7 | 312.3% |
United States | 0.9 | 0.8 | 1.5 | 0.9 | 0.0% |
Japan | 0.2 | 0.2 | 0.4 | 0.3 | 14.5% |
Canada | N/A | N/A | 0.1 | 0.2 | 100.0% |
South Africa | N/A | N/A | N/A | 0.1 | 0% |
Others | 6.2 | 3.9 | 5.3 | 4.9 | -7.5% |
Total | 25.6 | 28.5 | 26.2 | 21.7 | -5.4% |
Top Export Markets for Metal Self-Locking Nut from Hong Kong SAR in 2022:
- China (347.6 tons)
- United Kingdom (89.3 tons)
- United States (52.6 tons)
- South Africa (27.8 tons)
- Canada (17.4 tons)
- Japan (11.6 tons)
Metal Self-Locking Nut Imports in Hong Kong SAR
In 2022, imports of iron or steel nuts (including self-locking nuts) into Hong Kong SAR totaled 1.6K tons, picking up by 6.6% against 2021. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +11.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.0% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, metal self-locking nut imports skyrocketed to $21M in 2022. The total import value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Metal Self-Locking Nut in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 7.8 | 5.9 | 7.9 | 14.4 | 22.7% |
Taiwan (Chinese) | 0.8 | 0.8 | 1.1 | 1.0 | 7.7% |
Germany | 0.9 | 1.8 | 1.2 | 0.7 | -8.0% |
Japan | 0.3 | 0.5 | 1.0 | 0.4 | 10.1% |
Others | 5.5 | 7.6 | 3.9 | 4.1 | -9.3% |
Total | 15.3 | 16.6 | 15.1 | 20.5 | 10.2% |
Top Suppliers of Metal Self-Locking Nut to Hong Kong SAR in 2022:
- China (1385.6 tons)
- Taiwan (Chinese) (149.7 tons)
- Japan (21.5 tons)
- Germany (20.9 tons)
This report provides an in-depth analysis of the metal self-locking nut 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 25941187 - Iron or steel nuts (including self-locking nuts) (excluding of stainless steel, turned from bars, rods, profiles, or wire, of solid section, of a hole diameter . 6 mm)
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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