Price for Used Pneumatic Tyres of Rubber in Hong Kong SAR - 2023
Contents:
- Price for Used Pneumatic Tyres of Rubber in Hong Kong SAR (CIF) - 2022
- Price for Used Pneumatic Tyres of Rubber in Hong Kong SAR (FOB) - 2022
- Imports of Used Pneumatic Tyres of Rubber in Hong Kong SAR
- Exports of Used Pneumatic Tyres of Rubber in Hong Kong SAR
Price for Used Pneumatic Tyres of Rubber in Hong Kong SAR (CIF) - 2022
The average import price for used pneumatic tyres of rubbers stood at $68 per unit in 2022, rising by 8.6% against the previous year. In general, the import price recorded strong growth. The pace of growth was the most pronounced in 2016 an increase of 83%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($73 per unit), while the price for Japan ($47 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Used Pneumatic Tyres of Rubber in Hong Kong SAR (FOB) - 2022
The average export price for used pneumatic tyres of rubbers stood at $28 per unit in 2022, picking up by 6.6% against the previous year. In general, the export price continues to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2017 an increase of 50%. The export price peaked at $51 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($54 per unit), while the average price for exports to Gambia ($4.5 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 Iran (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Used Pneumatic Tyres of Rubber in Hong Kong SAR
In 2022, after two years of decline, there was significant growth in overseas purchases of used pneumatic tyres of rubbers, when their volume increased by 15% to 47K units. In general, imports, however, faced a precipitous shrinkage. Imports peaked at 100K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, used pneumatic tyres of rubber imports surged to $3.2M in 2022. Over the period under review, imports, however, saw a sharp reduction. Imports peaked at $6.6M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Used Pneumatic Tyres of Rubber in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 915 | 527 | 520 | 594 | -13.4% |
| Indonesia | 630 | 345 | 451 | 394 | -14.5% |
| Vietnam | 481 | 306 | 225 | 386 | -7.1% |
| India | 487 | 231 | 161 | 365 | -9.2% |
| Malaysia | 106 | 52.2 | 45.7 | 277 | 37.7% |
| Taiwan (Chinese) | 399 | 295 | 254 | 242 | -15.4% |
| China | 1,704 | 245 | 270 | 207 | -50.5% |
| Singapore | 387 | 218 | 153 | 199 | -19.9% |
| Philippines | 229 | 82.9 | 68.0 | 195 | -5.2% |
| Thailand | 234 | 131 | 78.0 | 164 | -11.2% |
| Japan | 736 | 423 | 250 | 91.1 | -50.2% |
| Others | 327 | 248 | 111 | 115 | -29.4% |
| Total | 6,635 | 3,105 | 2,588 | 3,229 | -21.3% |
Top Suppliers of Used Pneumatic Tyres of Rubber to Hong Kong SAR in 2022:
- South Korea (8.5K units)
- Indonesia (5.7K units)
- Vietnam (5.3K units)
- India (5.2K units)
- Malaysia (4.0K units)
- Taiwan (Chinese) (3.5K units)
- China (3.0K units)
- Singapore (2.9K units)
- Philippines (2.8K units)
- Thailand (2.3K units)
- Japan (1.9K units)
Exports of Used Pneumatic Tyres of Rubber in Hong Kong SAR
In 2022, used pneumatic tyres of rubber exports from Hong Kong SAR fell markedly to 13K units, which is down by -35.9% on 2021 figures. Over the period under review, exports saw a sharp contraction. The exports peaked at 56K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, used pneumatic tyres of rubber exports fell notably to $366K in 2022. Overall, exports showed a significant contraction. Over the period under review, the exports attained the peak figure at $2.8M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Used Pneumatic Tyres of Rubber in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1,412 | 755 | 79.5 | 103 | -58.2% |
| United Arab Emirates | N/A | N/A | N/A | 97.7 | 0% |
| Pakistan | 90.5 | 87.1 | 149 | 71.0 | -7.8% |
| Malaysia | 65.9 | 40.2 | 49.0 | 27.4 | -25.4% |
| China | 941 | 76.9 | 27.1 | 23.3 | -70.9% |
| Ghana | 77.0 | 78.0 | 63.3 | 19.8 | -36.4% |
| Gambia | N/A | 8.4 | 11.9 | 8.2 | -1.2% |
| Namibia | 7.2 | N/A | 3.6 | N/A | -29.3% |
| United States | 49.6 | 26.5 | 1.2 | N/A | -84.4% |
| Uruguay | 35.8 | 33.3 | N/A | N/A | -7.0% |
| Liberia | 56.6 | N/A | 11.0 | N/A | -55.9% |
| Others | 111 | 52.5 | 141 | 15.8 | -47.8% |
| Total | 2,846 | 1,158 | 536 | 366 | -49.5% |
Top Export Markets for Used Pneumatic Tyres of Rubber from Hong Kong SAR in 2022:
- United Arab Emirates (3.3K units)
- Pakistan (1.9K units)
- Thailand (1.9K units)
- Gambia (1.8K units)
- Ghana (1.6K units)
- Malaysia (1.1K units)
- China (0.7K units)
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