Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hong Kong SAR - 2023
Contents:
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hong Kong SAR (CIF) - 2023
- Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hong Kong SAR (FOB) - 2022
- Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hong Kong SAR
- Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hong Kong SAR
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for rubber amounted to $4,449 per ton, shrinking by -4.9% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in April 2023 when the average import price increased by 149% month-to-month. As a result, import price reached the peak level of $8,988 per ton. From May 2023 to November 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for Malaysia amounted to +3.1% per month.
Price for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for rubber amounted to $26,021 per ton, increasing by 44% against the previous year. Over the period under review, the export price recorded a prominent increase. The pace of growth appeared the most rapid in 2015 an increase of 164%. The export price peaked at $35,636 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($25,981 per ton), while the average price for exports to the United States totaled $19,332 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+11.2%).
Imports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hong Kong SAR
In 2022, supplies from abroad of rubber decreased by -10.3% to 1.2K tons, falling for the second year in a row after two years of growth. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2020 when imports increased by 2.1% against the previous year. As a result, imports reached the peak of 1.5K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of rubber fell to $4.6M in 2022. In general, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 5.5%. As a result, imports attained the peak of $5.6M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.4 | 4.5 | 4.0 | 3.7 | -5.6% |
| Malaysia | 0.8 | 0.9 | 0.9 | 0.5 | -14.5% |
| Japan | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Others | 0.1 | 0.1 | N/A | 0.3 | 44.2% |
| Total | 5.3 | 5.6 | 5.1 | 4.6 | -4.6% |
Top Suppliers of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres to Hong Kong SAR in 2022:
- China (989.3 tons)
- Malaysia (199.5 tons)
- Japan (18.3 tons)
Exports of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hong Kong SAR
In 2022, exports of rubber from Hong Kong SAR amounted to 58 tons, rising by 11% compared with 2021 figures. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 239% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of rubber soared to $1.5M in 2022. Overall, exports saw a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 145% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 232 | 348 | 890 | 1,475 | 85.3% |
| United States | 10.8 | 28.7 | 14.3 | 14.0 | 9.0% |
| Others | N/A | 6.7 | 35.0 | 10.7 | 26.4% |
| Total | 243 | 384 | 939 | 1,499 | 83.4% |
Top Export Markets for Rubber; Unvulcanised, Other than "Camel Back" Strips for Retreading Rubber Tyres from Hong Kong SAR in 2022:
- China (56.8 tons)
- United States (0.7 tons)
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