Hong Kong SAR, China: Prepared Rubber Accelerators Market 2024

Prepared Rubber Accelerators Market Size in Hong Kong SAR, China

The Hong Kong prepared rubber accelerators market dropped to $X in 2022, reducing by X% against the previous year. In general, consumption, however, enjoyed a pronounced increase. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

Prepared Rubber Accelerators Production in Hong Kong SAR, China

In value terms, prepared rubber accelerators production fell rapidly to $X in 2022 estimated in export price. Overall, production recorded a pronounced decrease. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Prepared Rubber Accelerators Exports

Exports from Hong Kong SAR, China

In 2022, prepared rubber accelerators exports from Hong Kong SAR reduced remarkably to X tons, shrinking by X% against 2021 figures. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2014 when exports increased by X%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, prepared rubber accelerators exports fell rapidly to $X in 2022. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2021 with an increase of X%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for prepared rubber accelerators exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, prepared rubber accelerators exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), fivefold.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Indonesia (X% per year).

In value terms, China ($X) emerged as the key foreign market for prepared rubber accelerators exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (X% per year) and Indonesia (X% per year).

Export Prices by Country

The average prepared rubber accelerators export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price enjoyed resilient growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced mixed trend patterns.

Prepared Rubber Accelerators Imports

Imports into Hong Kong SAR, China

Prepared rubber accelerators imports into Hong Kong SAR declined dramatically to X tons in 2022, falling by X% on the year before. Over the period under review, imports continue to indicate a deep slump. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, prepared rubber accelerators imports declined sharply to $X in 2022. In general, imports showed a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of prepared rubber accelerators to Hong Kong SAR, accounting for a X% share of total imports. Moreover, prepared rubber accelerators imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, Japan ($X), China ($X) and Taiwan (Chinese) ($X) appeared to be the largest prepared rubber accelerators suppliers to Hong Kong SAR, with a combined X% share of total imports. Vietnam and South Korea lagged somewhat behind, together accounting for a further X%.

Vietnam, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average prepared rubber accelerators import price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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