Hong Kong SAR, China - Synthetic Rubber (Excluding Latex) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Synthetic Rubber (Excluding Latex) in Hong Kong SAR - 2023
Contents:
- Price for Synthetic Rubber (Excluding Latex) in Hong Kong SAR (CIF) - 2023
- Price for Synthetic Rubber (Excluding Latex) in Hong Kong SAR (FOB) - 2023
- Imports of Synthetic Rubber (Excluding Latex) in Hong Kong SAR
- Exports of Synthetic Rubber (Excluding Latex) in Hong Kong SAR
Price for Synthetic Rubber (Excluding Latex) in Hong Kong SAR (CIF) - 2023
In September 2023, the average synthetic rubber (excluding latex) import price amounted to $2,161 per ton, approximately mirroring the previous month. Overall, the import price, however, continues to indicate a slight shrinkage. The growth pace was the most rapid in March 2023 when the average import price increased by 8.6% month-to-month. The import price peaked at $2,826 per ton in October 2022; however, from November 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($2,755 per ton), while the price for Australia ($389 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Australia (+0.0%), while the prices for the other major suppliers experienced a decline.
Price for Synthetic Rubber (Excluding Latex) in Hong Kong SAR (FOB) - 2023
The average synthetic rubber (excluding latex) export price stood at $4,033 per ton in September 2023, with an increase of 4.5% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 20% m-o-m. Over the period under review, the average export prices attained the maximum at $5,546 per ton in December 2022; however, from January 2023 to September 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In September 2023, the country with the highest price was China ($3,982 per ton), while the average price for exports to Vietnam stood at $3,172 per ton.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.7%).
Imports of Synthetic Rubber (Excluding Latex) in Hong Kong SAR
In 2022, approx. 29K tons of synthetic rubber (excluding latex) were imported into Hong Kong SAR; with a decrease of -31% against 2021. In general, imports saw a deep slump. The growth pace was the most rapid in 2021 with an increase of 4.4% against the previous year.
In value terms, synthetic rubber (excluding latex) imports reduced notably to $81M in 2022. Overall, imports saw a abrupt descent. The pace of growth was the most pronounced in 2021 with an increase of 41%. As a result, imports reached the peak of $119M, and then fell markedly in the following year.
| Import of Synthetic Rubber (Excluding Latex) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Japan | 28.4 | 19.8 | 31.4 | 5.1% | |
| China | 35.0 | 25.7 | 30.4 | -6.8% | |
| South Korea | 14.0 | 10.7 | 18.8 | 15.9% | |
| Taiwan (Chinese) | 9.6 | 7.1 | 14.6 | 23.3% | |
| United States | 9.6 | 7.8 | 11.3 | 8.5% | |
| Belgium | 2.4 | 3.1 | 4.1 | 30.7% | |
| Malaysia | 1.8 | 2.5 | 2.5 | 17.9% | |
| Singapore | 3.0 | 3.2 | 1.3 | -34.2% | |
| Others | 0.7 | 4.6 | 4.7 | 159.1% | |
| Total | 104 | 84.6 | 119 | 7.0% | |
Top Suppliers of Synthetic Rubber (Excluding Latex) to Hong Kong SAR in 2022:
- Japan (9.9K tons)
- China (9.7K tons)
- South Korea (8.9K tons)
- Taiwan (Chinese) (5.3K tons)
- United States (4.1K tons)
- Belgium (1.2K tons)
- Malaysia (1.1K tons)
- Singapore (0.5K tons)
Exports of Synthetic Rubber (Excluding Latex) in Hong Kong SAR
In 2022, the amount of synthetic rubber (excluding latex) exported from Hong Kong SAR declined remarkably to 5.8K tons, shrinking by -76.3% on 2021. In general, exports faced a significant contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 6.1% against the previous year.
In value terms, synthetic rubber (excluding latex) exports reduced remarkably to $20M in 2022. Over the period under review, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, the exports attained the peak of $84M, and then declined significantly in the following year.
| Export of Synthetic Rubber (Excluding Latex) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| China | 72.5 | 59.5 | 72.4 | -0.1% | |
| Bangladesh | 1.1 | 1.3 | 2.0 | 34.8% | |
| Vietnam | 2.2 | 1.6 | 2.0 | -4.7% | |
| Japan | 1.4 | 0.6 | 1.6 | 6.9% | |
| Taiwan (Chinese) | 0.7 | 2.0 | 1.5 | 46.4% | |
| Belgium | 0.8 | 1.2 | 0.2 | -50.0% | |
| Others | 1.8 | -3.4 | 4.3 | 54.6% | |
| Total | 80.5 | 62.9 | 84.1 | 2.2% | |
Top Export Markets for Synthetic Rubber (Excluding Latex) from Hong Kong SAR in 2022:
- China (20.3K tons)
- Taiwan (Chinese) (1.0K tons)
- Vietnam (1.0K tons)
- Japan (0.9K tons)
- Bangladesh (0.7K tons)
- Belgium (0.1K tons)
This report provides an in-depth analysis of the market for synthetic rubber (excluding latex) in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 20171090 - Synthetic rubber (excluding latex)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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In May 2023, the price of Synthetic Rubber was $2,204 per ton (CIF, Hong Kong), representing a decrease of 11.1% compared to the previous month.
93
The growth pace of Synthetic Latex Rubber was at its quickest in July 2023, with a 143% month-to-month increase. In terms of value, synthetic latex rubber imports decreased to $466K in November 2023.
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347
In May 2023, the price of Synthetic Rubber was $2,204 per ton (CIF, Hong Kong), representing a decrease of 11.1% compared to the previous month.
93
The growth pace of Synthetic Latex Rubber was at its quickest in July 2023, with a 143% month-to-month increase. In terms of value, synthetic latex rubber imports decreased to $466K in November 2023.
200
Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
1390
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
