Hong Kong SAR, China - Iron Or Steel Spring Washers - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMetal Spring Washer Price in Hong Kong SAR - 2023
Contents:
- Metal Spring Washer Price in Hong Kong SAR (CIF) - 2023
- Metal Spring Washer Price in Hong Kong SAR (FOB) - 2022
- Metal Spring Washer Imports in Hong Kong SAR
- Metal Spring Washer Exports in Hong Kong SAR
Metal Spring Washer Price in Hong Kong SAR (CIF) - 2023
In August 2023, the average metal spring washer import price amounted to $24,385 per ton, jumping by 45% against the previous month. Over the period under review, the import price, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 142% against the previous month. Over the period under review, average import prices hit record highs at $45,324 per ton in November 2022; however, from December 2022 to August 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($103K per ton), while the price for China ($9,877 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.3%), while the prices for the other major suppliers experienced a decline.
Metal Spring Washer Price in Hong Kong SAR (FOB) - 2022
In 2022, the average metal spring washer export price amounted to $53,570 per ton, jumping by 40% against the previous year. In general, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, metal spring washer export price increased by +50.1% against 2020 indices. The growth pace was the most rapid in 2014 when the average export price increased by 46%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
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 ($90,963 per ton), while the average price for exports to Macao SAR ($13,718 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 Vietnam (+11.3%), while the prices for the other major destinations experienced more modest paces of growth.
Metal Spring Washer Imports in Hong Kong SAR
In 2022, overseas purchases of iron or steel spring washers decreased by -29.2% to 112 tons, falling for the second consecutive year after two years of growth. Overall, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 when imports increased by 11%. As a result, imports reached the peak of 197 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, metal spring washer imports contracted rapidly to $1.9M in 2022. In general, imports faced a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 6.8%. As a result, imports attained the peak of $3.9M. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Metal Spring Washer in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,645 | 1,502 | 1,621 | 865 | -19.3% |
| China | 312 | 314 | 313 | 284 | -3.1% |
| Germany | 240 | 77.7 | 133 | 247 | 1.0% |
| Taiwan (Chinese) | 888 | 1,180 | 1,063 | 208 | -38.4% |
| United States | 180 | 120 | 56.5 | 120 | -12.6% |
| South Korea | 45.3 | 40.5 | 6.9 | 65.5 | 13.1% |
| Singapore | 123 | 129 | 38.9 | 34.7 | -34.4% |
| Italy | 0.1 | 0.1 | 0.3 | 27.5 | 550.3% |
| Netherlands | 52.8 | 28.4 | 8.8 | 20.7 | -26.8% |
| Others | 198 | 540 | 467 | 67.7 | -30.1% |
| Total | 3,684 | 3,933 | 3,708 | 1,939 | -19.3% |
Top Suppliers of Metal Spring Washer to Hong Kong SAR in 2022:
- China (60.8 tons)
- Taiwan (Chinese) (13.7 tons)
- Japan (11.3 tons)
- Italy (6.5 tons)
- South Korea (6.2 tons)
- United States (5.3 tons)
- Germany (3.8 tons)
- Netherlands (2.0 tons)
- Singapore (2.0 tons)
Metal Spring Washer Exports in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in overseas shipments of iron or steel spring washers, when their volume decreased by -40.3% to 54 tons. Over the period under review, exports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 with an increase of 21%.
In value terms, metal spring washer exports declined rapidly to $2.9M in 2022. The total export value increased at an average annual rate of +5.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 18%. As a result, the exports reached the peak of $3.4M, and then shrank sharply in the following year.
| Export of Metal Spring Washer in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,748 | 1,828 | 2,287 | 1,834 | 1.6% |
| Vietnam | 325 | 673 | 672 | 649 | 25.9% |
| United States | 142 | 167 | 91.1 | 89.0 | -14.4% |
| Mexico | 9.2 | 72.3 | 80.9 | 80.8 | 106.3% |
| Canada | 0.2 | 1.1 | 3.5 | 42.3 | 495.8% |
| Brazil | 0.1 | 12.1 | 66.8 | 23.2 | 514.5% |
| Macao SAR | 0.7 | N/A | 34.4 | 17.8 | 194.1% |
| South Africa | 13.7 | 8.3 | 8.7 | 4.2 | -32.6% |
| Others | 226 | 151 | 202 | 133 | -16.2% |
| Total | 2,466 | 2,913 | 3,446 | 2,874 | 5.2% |
Top Export Markets for Metal Spring Washer from Hong Kong SAR in 2022:
- China (20.2 tons)
- Vietnam (15.6 tons)
- United States (5.0 tons)
- Mexico (3.3 tons)
- Canada (2.7 tons)
- Macao SAR (1.3 tons)
- Brazil (1.0 tons)
- South Africa (0.6 tons)
This report provides an in-depth analysis of the metal spring washer 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 25941210 - Iron or steel spring washers and other lock washers
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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