Price for Railway or Tramway Track Constructions of Iron or Steel in Hong Kong SAR - 2023
Contents:
- Price for Railway or Tramway Track Constructions of Iron or Steel in Hong Kong SAR (CIF) - 2022
- Price for Railway or Tramway Track Constructions of Iron or Steel in Hong Kong SAR (FOB) - 2022
- Imports of Railway or Tramway Track Constructions of Iron or Steel in Hong Kong SAR
- Exports of Railway or Tramway Track Constructions of Iron or Steel in Hong Kong SAR
Price for Railway or Tramway Track Constructions of Iron or Steel in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for railway or tramway track constructions of iron or steel amounted to $2,862 per ton, with an increase of 11% against the previous year. Overall, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for railway or tramway track constructions of iron or steel increased by +18.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 65% against the previous year. As a result, import price reached the peak level of $3,211 per ton. From 2018 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 China ($4,866 per ton), while the price for Japan ($1,562 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.8%), while the prices for the other major suppliers experienced a decline.
Price for Railway or Tramway Track Constructions of Iron or Steel in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for railway or tramway track constructions of iron or steel amounted to $1,316 per ton, growing by 170% against the previous year. Over the period under review, the export price, however, showed a pronounced setback. The pace of growth was the most pronounced in 2016 when the average export price increased by 597% against the previous year. As a result, the export price attained the peak level of $6,165 per ton. From 2017 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Japan amounted to +3.2% per year.
Imports of Railway or Tramway Track Constructions of Iron or Steel in Hong Kong SAR
In 2022, overseas purchases of railway or tramway track constructions of iron or steel decreased by -6% to 8K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 52% against the previous year. As a result, imports reached the peak of 8.5K tons, and then contracted in the following year.
In value terms, imports of railway or tramway track constructions of iron or steel totaled $23M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.5% 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 +68.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 62%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in years to come.
| Import of Railway or Tramway Track Constructions of Iron or Steel in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.8 | 3.8 | 8.4 | 10.9 | 42.1% |
| Belgium | 4.3 | 2.8 | 3.4 | 5.0 | 5.2% |
| Japan | 2.9 | 4.5 | 6.7 | 4.3 | 14.0% |
| Germany | 0.2 | 0.1 | 0.4 | 1.0 | 71.0% |
| United Kingdom | 1.7 | 1.2 | 2.0 | 0.6 | -29.3% |
| Others | 0.8 | 1.0 | 1.0 | 1.0 | 7.7% |
| Total | 13.7 | 13.6 | 21.9 | 22.8 | 18.5% |
Top Suppliers of Railway or Tramway Track Constructions of Iron or Steel to Hong Kong SAR in 2022:
- Japan (2.8K tons)
- Belgium (2.5K tons)
- China (2.2K tons)
- Germany (0.2K tons)
- United Kingdom (0.1K tons)
Exports of Railway or Tramway Track Constructions of Iron or Steel in Hong Kong SAR
Exports of railway or tramway track constructions of iron or steel from Hong Kong SAR reduced to 246 tons in 2022, declining by -12.9% against the previous year. In general, exports showed a deep downturn. The growth pace was the most rapid in 2021 when exports increased by 116% against the previous year.
In value terms, exports of railway or tramway track constructions of iron or steel soared to $324K in 2022. Overall, exports showed a dramatic descent.
| Export of Railway or Tramway Track Constructions of Iron or Steel in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,018 | 339 | 61.5 | 304 | -33.2% |
| Taiwan (Chinese) | 202 | N/A | N/A | N/A | 0% |
| Singapore | N/A | N/A | 65.6 | N/A | 0% |
| Others | 4.5 | 7.6 | 11.0 | 19.9 | 64.1% |
| Total | 1,224 | 347 | 138 | 324 | -35.8% |
Top Export Markets for Railway or Tramway Track Constructions of Iron or Steel from Hong Kong SAR in 2022:
- China (246.0 tons)
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This report provides an in-depth analysis of the steel railway material market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global steel railway material market.
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This report provides an in-depth analysis of the steel railway material market in Hong Kong SAR, China.
765
This report provides an in-depth analysis of the global steel railway material market.
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Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
986
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1324
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
1299
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
986
Global railway construction imports stood at X tons in 2016, waning by -X% against the previous year level. The total import volume increased at an average annual rate of +X% from 2007 to X>
1324
China seized control of the global trade for railway or tramway track construction material of iron or steel. In 2014, China exported X thousand tons of railway or tramway track construction material of iron or steel, totaling X million USD, X%
