Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Hong Kong SAR - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Hong Kong SAR (CIF) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Hong Kong SAR (FOB) - 2022
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Hong Kong SAR
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Hong Kong SAR
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Hong Kong SAR (CIF) - 2022
The average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $8,018 per ton in 2022, waning by -10.3% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 50% against the previous year. Over the period under review, average import prices attained the peak figure at $11,547 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($105,044 per ton), while the price for China ($6,175 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+19.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Hong Kong SAR (FOB) - 2022
The average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with metals stood at $50,545 per ton in 2022, increasing by 27% against the previous year. Over the period under review, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 68%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
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 China amounted to +10.9% per year.
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Hong Kong SAR
In 2022, the amount of rubber; vulcanised, conveyor belts or belting, reinforced only with metals imported into Hong Kong SAR skyrocketed to 64 tons, surging by 136% against 2021 figures. In general, imports, however, recorded a deep reduction.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals soared to $515K in 2022. Overall, imports, however, faced a sharp downturn.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,096 | 1,189 | 106 | 376 | -30.0% |
| Japan | 151 | 196 | 136 | 115 | -8.7% |
| Others | 15.3 | 12.3 | 1.1 | 23.9 | 16.0% |
| Total | 1,263 | 1,397 | 243 | 515 | -25.8% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal to Hong Kong SAR in 2022:
- China (60.9 tons)
- Japan (3.1 tons)
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in shipments abroad of rubber; vulcanised, conveyor belts or belting, reinforced only with metals, which decreased by -45.1% to 3.1 tons in 2022. In general, exports faced a sharp curtailment. The smallest decline of -15.8% was in 2020.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with metals contracted remarkably to $158K in 2022. Overall, exports saw a sharp decline. The growth pace was the most rapid in 2020 when exports increased by 34% against the previous year. As a result, the exports attained the peak of $966K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 198 | 480 | 216 | 158 | -7.2% |
| Thailand | N/A | N/A | 11.2 | N/A | 0% |
| Vietnam | 83.3 | 1.1 | 0.1 | N/A | -96.5% |
| Cambodia | 62.9 | N/A | N/A | N/A | 0% |
| Indonesia | 370 | 422 | N/A | N/A | 14.1% |
| Taiwan (Chinese) | N/A | 47.2 | N/A | N/A | 0% |
| Others | 8.0 | 15.8 | N/A | N/A | 97.5% |
| Total | 722 | 966 | 227 | 158 | -39.7% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Metal from Hong Kong SAR in 2022:
- China (3.1 tons)
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