Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hong Kong SAR - 2023
Contents:
- Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hong Kong SAR (FOB) - 2023
- Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hong Kong SAR (CIF) - 2023
- Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hong Kong SAR
- Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hong Kong SAR
Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hong Kong SAR (FOB) - 2023
In November 2023, the average export price for footwear; parts, outer soles and heels, of rubber or plasticses amounted to $8,468 per ton, declining by -45.6% against the previous month. Over the period under review, the export price continues to indicate a noticeable contraction. The most prominent rate of growth was recorded in October 2023 an increase of 37% against the previous month. Over the period under review, the average export prices hit record highs at $18,226 per ton in April 2023; however, from May 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($16,849 per ton), while the average price for exports to Taiwan (Chinese) ($3,444 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+1.6%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hong Kong SAR (CIF) - 2023
The average import price for footwear; parts, outer soles and heels, of rubber or plasticses stood at $7,273 per ton in November 2023, declining by -14.9% against the previous month. Over the period under review, the import price showed a pronounced curtailment. The most prominent rate of growth was recorded in July 2023 an increase of 36% month-to-month. The import price peaked at $12,675 per ton in January 2023; however, from February 2023 to November 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Indonesia ($14,906 per ton), while the price for China ($5,974 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-0.1%), while the prices for the other major suppliers experienced a decline.
Exports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hong Kong SAR
In 2022, approx. 3.2K tons of footwear; parts, outer soles and heels, of rubber or plasticses were exported from Hong Kong SAR; falling by -44.2% against 2021. Overall, exports continue to indicate a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 0.2% against the previous year.
In value terms, exports of footwear; parts, outer soles and heels, of rubber or plasticses dropped markedly to $38M in 2022. In general, exports recorded a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 0.2% against the previous year.
| Export of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.3 | 14.0 | 10.6 | 11.8 | -12.0% |
| Vietnam | 22.0 | 11.0 | 13.2 | 6.7 | -32.7% |
| Italy | 6.2 | 5.7 | 9.2 | 5.7 | -2.8% |
| Cambodia | 9.5 | 7.4 | 8.0 | 5.4 | -17.2% |
| Germany | 2.4 | 1.4 | 4.5 | 3.2 | 10.1% |
| Mexico | N/A | 0.2 | 0.5 | 1.3 | 155.0% |
| Bangladesh | 14.7 | 8.4 | 3.6 | 1.2 | -56.6% |
| India | 5.4 | 4.5 | 0.9 | 0.5 | -54.8% |
| Indonesia | 1.0 | 2.7 | 4.9 | 0.2 | -41.5% |
| Others | 4.2 | 2.3 | 2.4 | 1.8 | -24.6% |
| Total | 82.7 | 57.6 | 57.7 | 38.0 | -22.8% |
Top Export Markets for Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics from Hong Kong SAR in 2022:
- China (930.0 tons)
- Cambodia (652.6 tons)
- Vietnam (602.2 tons)
- Bangladesh (180.0 tons)
- Italy (164.1 tons)
- Germany (160.9 tons)
- Mexico (131.7 tons)
- Indonesia (42.2 tons)
- India (41.2 tons)
Imports of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of footwear; parts, outer soles and heels, of rubber or plasticses, which decreased by -49.2% to 2.8K tons in 2022. Overall, imports recorded a significant curtailment. The smallest decline of -21.2% was in 2020.
In value terms, imports of footwear; parts, outer soles and heels, of rubber or plasticses fell rapidly to $30M in 2022. Over the period under review, imports saw a precipitous contraction. The smallest decline of -1.4% was in 2021.
| Import of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 44.8 | 38.5 | 37.7 | 14.7 | -31.0% |
| Vietnam | 6.4 | 7.0 | 4.9 | 9.7 | 14.9% |
| Taiwan (Chinese) | 3.0 | 1.4 | 3.9 | 3.8 | 8.2% |
| Italy | 1.2 | 0.2 | 1.6 | 0.9 | -9.1% |
| Cambodia | 3.0 | 2.3 | 1.0 | 0.3 | -53.6% |
| Others | 1.2 | 2.2 | 1.8 | 0.5 | -25.3% |
| Total | 59.7 | 51.6 | 50.9 | 29.9 | -20.6% |
Top Suppliers of Footwear; Parts, Outer Soles and Heels, of Rubber or Plastics to Hong Kong SAR in 2022:
- China (2021.1 tons)
- Vietnam (431.4 tons)
- Taiwan (Chinese) (208.6 tons)
- Italy (87.2 tons)
- Cambodia (47.2 tons)
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Global Market for Outer Rubber Or Plastic Heels. This report provides an in-depth analysis of the global market for outer rubber or plastic heels.
414
Global Market for Outer Rubber Or Plastic Heels. This report provides an in-depth analysis of the global market for outer rubber or plastic heels.
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