
Hong Kong SAR, China - Tyre Cord Fabric of High Tenacity Yarn - Market Analysis, Forecast, Size, Trends and Insights
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Hong Kong SAR, China: Tyre Cord Fabric Market 2022
Tyre Cord Fabric Market Size in Hong Kong SAR, China
The Hong Kong tyre cord fabric market rose notably to $X in 2021, picking up by X% against the previous year. The market value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.
Tyre Cord Fabric Production in Hong Kong SAR, China
In value terms, tyre cord fabric production expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +X% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2021, production growth remained at a lower figure.
Tyre Cord Fabric Exports
Exports from Hong Kong SAR, China
In 2021, shipments abroad of tyre cord fabric of high tenacity yarn decreased by -X% to X kg, falling for the fifth year in a row after two years of growth. Over the period under review, exports recorded a significant curtailment. The pace of growth appeared the most rapid in 2016 when exports increased by X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
In value terms, tyre cord fabric exports declined significantly to $X in 2021. In general, exports faced a precipitous setback. The most prominent rate of growth was recorded in 2015 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
Exports by Country
China (X kg) was the main destination for tyre cord fabric exports from Hong Kong SAR, accounting for a approx. X% share of total exports.
From 2012 to 2021, the average annual growth rate of volume to China amounted to -X%.
In value terms, China ($X) also remains the key foreign market for tyre cord fabric exports from Hong Kong SAR.
From 2012 to 2021, the average annual rate of growth in terms of value to China totaled -X%.
Export Prices by Country
In 2021, the average tyre cord fabric export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price posted notable growth. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2021, the rate of growth in terms of prices for China amounted to +X% per year.
Tyre Cord Fabric Imports
Imports into Hong Kong SAR, China
Tyre cord fabric imports into Hong Kong SAR reduced notably to X tons in 2021, shrinking by -X% on 2020 figures. Over the period under review, imports continue to indicate a sharp curtailment. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth imports remained at a lower figure.
In value terms, tyre cord fabric imports dropped dramatically to $X in 2021. In general, imports showed a dramatic descent. The pace of growth appeared the most rapid in 2015 when imports increased by X%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth imports failed to regain momentum.
Imports by Country
In 2021, China (X tons) was the main tyre cord fabric supplier to Hong Kong SAR, accounting for a approx. X% share of total imports.
From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -X%.
In value terms, China ($X) constituted the largest supplier of tyre cord fabric to Hong Kong SAR.
From 2012 to 2021, the average annual growth rate of value from China totaled -X%.
Import Prices by Country
In 2021, the average tyre cord fabric import price amounted to $X per ton, rising by X% against the previous year. In general, the import price saw a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2021, the rate of growth in terms of prices for China amounted to +X% per year.
Source: IndexBox Platform
Base Year | Historical Period | Forecast Period | Units |
---|---|---|---|
2021 | 2007-2021 | 2022-2030 | US$, Tons |
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the tyre cord fabric market 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.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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