Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hong Kong SAR - 2023
Contents:
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hong Kong SAR (FOB) - 2022
- Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hong Kong SAR (CIF) - 2022
- Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hong Kong SAR
- Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hong Kong SAR
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $29,992 per ton, reducing by -4.5% against the previous year. Over the period under review, the export price showed a slight setback. The growth pace was the most rapid in 2019 an increase of 65%. The export price peaked at $43,649 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($57,344 per ton), while the average price for exports to Spain ($16,267 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 Vietnam (+5.1%).
Price for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses amounted to $3,334 per ton, increasing by 11% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2019 when the average import price increased by 161%. As a result, import price reached the peak level of $12,738 per ton. From 2020 to 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($9,161 per ton), while the price for China ($2,867 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) (-0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hong Kong SAR
In 2022, overseas shipments of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses were finally on the rise to reach 2.9 tons after two years of decline. Over the period under review, exports, however, saw a dramatic slump.
In value terms, exports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses surged to $87K in 2022. In general, exports, however, saw a significant decline.
| Export of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 481 | 5.4 | 7.2 | 74.1 | -46.4% |
| Spain | N/A | N/A | N/A | 4.9 | 0% |
| Argentina | N/A | N/A | N/A | 3.5 | 0% |
| Saudi Arabia | N/A | N/A | N/A | 1.5 | 0% |
| Ecuador | N/A | N/A | N/A | 1.5 | 0% |
| Nigeria | 13.6 | N/A | N/A | N/A | 0% |
| Vietnam | 4.6 | N/A | N/A | N/A | 0% |
| Australia | N/A | 6.9 | N/A | N/A | 0% |
| Others | 2.9 | 12.7 | N/A | 1.3 | -23.5% |
| Total | 503 | 25.0 | 7.2 | 86.8 | -44.3% |
Top Export Markets for Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials from Hong Kong SAR in 2022:
- China (2367.0 kg)
- Spain (300.0 kg)
- Ecuador (75.0 kg)
- Argentina (61.0 kg)
- Saudi Arabia (52.0 kg)
Imports of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hong Kong SAR
In 2022, overseas purchases of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses decreased by -2.9% to 25 tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 37% against the previous year. As a result, imports reached the peak of 45 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of rubber; vulcanised, conveyor belts or belting, reinforced only with textile materialses rose rapidly to $84K in 2022. Overall, imports saw a dramatic decrease.
| Import of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 39.8 | 49.8 | 51.6 | 44.8 | 4.0% |
| China | 15.5 | 40.4 | 23.6 | 37.0 | 33.6% |
| Italy | 364 | 22.8 | 0.8 | 2.0 | -82.4% |
| Others | N/A | 0.3 | 1.6 | N/A | 433.3% |
| Total | 419 | 113 | 77.7 | 83.8 | -41.5% |
Top Suppliers of Rubber; Vulcanised, Conveyor Belts or Belting, Reinforced Only with Textile Materials to Hong Kong SAR in 2022:
- China (12.9 tons)
- Taiwan (Chinese) (12.0 tons)
- Italy (0.2 tons)
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