Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hong Kong SAR - 2023

Contents:

1. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hong Kong SAR (CIF) - 2023
2. Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hong Kong SAR (FOB) - 2023
3. Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hong Kong SAR
4. Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hong Kong SAR

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hong Kong SAR (CIF) - 2023

In November 2023, the average import price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips amounted to $8,428 per ton, standing approximately at the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.0%. The most prominent rate of growth was recorded in July 2023 an increase of 43% month-to-month. As a result, import price attained the peak level of $8,660 per ton. From August 2023 to November 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($22,842 per ton), while the price for South Korea ($4,373 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Singapore (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hong Kong SAR (FOB) - 2023

The average export price for compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips stood at $5,639 per ton in November 2023, with a decrease of -2.3% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 41% against the previous month. As a result, the export price reached the peak level of $7,092 per ton. From March 2023 to November 2023, the the average export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In November 2023, the country with the highest price was China ($5,736 per ton), while the average price for exports to Vietnam totaled $4,514 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (-0.3%).

Imports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hong Kong SAR

Imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips into Hong Kong SAR reduced sharply to 938 tons in 2022, which is down by -30.1% on the year before. Overall, imports saw a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 11% against the previous year. As a result, imports attained the peak of 1.3K tons, and then shrank significantly in the following year.

In value terms, imports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips shrank markedly to $6.4M in 2022. Over the period under review, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of $9.3M, and then fell notably in the following year.

Top Suppliers of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip to Hong Kong SAR in 2022:

1. China (397.1 tons)
2. Japan (272.3 tons)
3. United States (141.1 tons)
4. South Korea (42.2 tons)
5. Indonesia (29.7 tons)
6. Taiwan (Chinese) (29.2 tons)
7. Singapore (9.6 tons)

Exports of Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip in Hong Kong SAR

In 2022, the amount of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips exported from Hong Kong SAR reduced markedly to 927 tons, declining by -46.7% against the previous year's figure. Overall, exports recorded a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 34%. As a result, the exports reached the peak of 1.7K tons, and then shrank markedly in the following year.

In value terms, exports of compounded rubber, unvulcanised, in primary forms or in plates, sheets or strips reduced remarkably to $5.5M in 2022. In general, exports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 49% against the previous year. As a result, the exports attained the peak of $10M, and then fell sharply in the following year.

Top Export Markets for Compounded Rubber, Unvulcanised, in Primary Forms or in Plates, Sheets or Strip from Hong Kong SAR in 2022:

1. China (892.6 tons)
2. Vietnam (19.5 tons)
3. Bangladesh (10.9 tons)
4. India (2.1 tons)

Source: IndexBox Market Intelligence Platform