Hong Kong SAR, China: Unvulcanized Rubber Market 2024

Unvulcanized Rubber Market Size in Hong Kong SAR, China

In 2022, after three years of decline, there was significant growth in the Hong Kong unvulcanized rubber market, when its value increased by X% to $X. Over the period under review, the total consumption indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Unvulcanized Rubber Production in Hong Kong SAR, China

In value terms, unvulcanized rubber production totaled $X in 2022 estimated in export price. Overall, the total production indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

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Unvulcanized Rubber Exports

Exports from Hong Kong SAR, China

In 2022, approx. X tons of unvulcanized rubber and articles thereof were exported from Hong Kong SAR; waning by X% compared with the previous year. Overall, exports faced a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, unvulcanized rubber exports reduced sharply to $X in 2022. Over the period under review, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for unvulcanized rubber exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, unvulcanized rubber exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), sevenfold. The third position in this ranking was held by Bangladesh (X tons), with a X% share.

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

In value terms, China ($X) remains the key foreign market for unvulcanized rubber and articles thereof exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by Bangladesh, with a X% share.

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

Export Prices by Country

In 2022, the average unvulcanized rubber export price amounted to $X per ton, jumping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2013 when the average export price increased by X%. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Sri Lanka ($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 Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Unvulcanized Rubber Imports

Imports into Hong Kong SAR, China

In 2022, the amount of unvulcanized rubber and articles thereof imported into Hong Kong SAR declined dramatically to X tons, falling by X% on 2021. Overall, imports continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, unvulcanized rubber imports dropped sharply to $X in 2022. Over the period under review, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of unvulcanized rubber to Hong Kong SAR, with a X% share of total imports. Moreover, unvulcanized rubber imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), fivefold. Thailand (X tons) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X), Japan ($X) and Germany ($X) were the largest unvulcanized rubber suppliers to Hong Kong SAR, with a combined X% share of total imports.

Among the main suppliers, Germany, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average unvulcanized rubber import price stood at $X per ton in 2022, waning by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Malaysia ($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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