Price for Inner Tubes, of Rubber in Hong Kong SAR - 2023
Contents:
- Price for Inner Tubes, of Rubber in Hong Kong SAR (CIF) - 2022
- Price for Inner Tubes, of Rubber in Hong Kong SAR (FOB) - 2022
- Imports of Inner Tubes, of Rubber in Hong Kong SAR
- Exports of Inner Tubes, of Rubber in Hong Kong SAR
Price for Inner Tubes, of Rubber in Hong Kong SAR (CIF) - 2022
In 2022, the average inner tubes, of rubber import price amounted to $2.6 per unit, growing by 10% against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, inner tubes, of rubber import price decreased by -32.4% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 47%. Over the period under review, average import prices attained the peak figure at $3.9 per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($4.8 per unit), while the price for Thailand ($1.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+5.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Inner Tubes, of Rubber in Hong Kong SAR (FOB) - 2022
The average inner tubes, of rubber export price stood at $3.9 per unit in 2022, growing by 13% against the previous year. In general, the export price enjoyed a prominent expansion. The pace of growth was the most pronounced in 2019 when the average export price increased by 159% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($4.8 per unit), while the average price for exports to Australia ($1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+18.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Inner Tubes, of Rubber in Hong Kong SAR
For the fourth year in a row, Hong Kong SAR recorded growth in supplies from abroad of inner tubes, of rubbers, which increased by 39% to 201K units in 2022. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 79% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, inner tubes, of rubber imports surged to $533K in 2022. Over the period under review, imports saw a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 70%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
Import of Inner Tubes, of Rubber in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 36.7 | 42.4 | 149 | 192 | 73.6% |
Taiwan (Chinese) | 8.7 | 37.4 | 112 | 144 | 154.8% |
Japan | 10.5 | 12.0 | 30.2 | 39.0 | 54.9% |
Thailand | 9.2 | 4.1 | 27.7 | 35.7 | 57.1% |
Germany | 14.0 | 35.7 | 19.9 | 30.9 | 30.2% |
United Arab Emirates | N/A | 57.3 | N/A | N/A | 0% |
Others | 107 | 127 | 8.4 | 90.8 | -5.3% |
Total | 186 | 316 | 347 | 533 | 42.0% |
Top Suppliers of Inner Tubes, of Rubber to Hong Kong SAR in 2022:
- China (101.1K units)
- Taiwan (Chinese) (55.7K units)
- Thailand (26.1K units)
- Germany (8.2K units)
- Japan (8.1K units)
Exports of Inner Tubes, of Rubber in Hong Kong SAR
In 2022, overseas shipments of inner tubes, of rubbers decreased by -40.3% to 49K units for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 168%. The exports peaked at 82K units in 2021, and then dropped dramatically in the following year.
In value terms, inner tubes, of rubber exports shrank markedly to $190K in 2022. In general, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 149% against the previous year. The exports peaked at $281K in 2021, and then shrank rapidly in the following year.
Export of Inner Tubes, of Rubber in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 33.1 | 56.6 | 77.1 | 103 | 46.0% |
United States | 15.1 | 24.8 | 62.8 | 84.0 | 77.2% |
Vietnam | N/A | 9.6 | N/A | N/A | 0% |
Malaysia | N/A | 10.5 | 123 | N/A | 1071.4% |
Others | 23.3 | 76.4 | 17.2 | 2.9 | -50.1% |
Total | 71.5 | 178 | 281 | 190 | 38.5% |
Top Export Markets for Inner Tubes, of Rubber from Hong Kong SAR in 2022:
- China (30.7K units)
- United States (17.4K units)
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