Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Hong Kong SAR - 2023
Contents:
- Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Hong Kong SAR (CIF) - 2022
- Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Hong Kong SAR (FOB) - 2022
- Imports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Hong Kong SAR
- Exports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Hong Kong SAR
Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses amounted to $5,694 per ton, shrinking by -20.2% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 36%. The import price peaked at $7,139 per ton in 2021, and then fell remarkably in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($6,056 per ton), while the price for China ($4,864 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Hong Kong SAR (FOB) - 2022
The average export price for rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses stood at $6,575 per ton in 2022, dropping by -40.6% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 64% against the previous year. Over the period under review, the average export prices attained the maximum at $11,063 per ton in 2021, and then shrank notably in the following year.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($9,953 per ton), while the average price for exports to Saudi Arabia ($1,339 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 Finland (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses, when their volume decreased by -34.5% to 4.2K tons. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of 28%.
In value terms, imports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses contracted rapidly to $24M in 2022. In general, imports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2020 when imports increased by 74%.
| Import of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 10.5 | 22.1 | 29.7 | 14.3 | 10.8% |
| China | 7.0 | 8.6 | 9.0 | 7.0 | 0.0% |
| Thailand | 0.7 | 0.6 | 2.2 | 1.0 | 12.6% |
| Others | 1.5 | 2.7 | 4.5 | 1.4 | -2.3% |
| Total | 19.6 | 34.0 | 45.4 | 23.7 | 6.5% |
Top Suppliers of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves to Hong Kong SAR in 2022:
- Malaysia (2.4K tons)
- China (1.4K tons)
- Thailand (0.2K tons)
Exports of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Hong Kong SAR
In 2022, overseas shipments of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses decreased by -50.8% to 719 tons, falling for the second year in a row after two years of growth. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2020 when exports increased by 57%. As a result, the exports reached the peak of 1.7K tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.
In value terms, exports of rubber; vulcanised (other than hard rubber), gloves other than surgical gloveses contracted rapidly to $4.7M in 2022. Overall, exports showed a noticeable curtailment. The growth pace was the most rapid in 2020 with an increase of 158%.
| Export of Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 1,765 | 1,899 | 3,192 | 2,086 | 5.7% |
| Israel | 1,693 | 4,331 | 5,962 | 1,025 | -15.4% |
| China | 596 | 656 | 760 | 311 | -19.5% |
| Australia | 178 | 676 | 190 | 245 | 11.2% |
| Taiwan (Chinese) | 166 | 297 | 183 | 188 | 4.2% |
| South Korea | 193 | 174 | 685 | 150 | -8.1% |
| Indonesia | 13.9 | 4.0 | 107 | 136 | 113.9% |
| Philippines | 167 | 571 | 333 | 76.7 | -22.8% |
| United States | 84.6 | 1,022 | 678 | 58.7 | -11.5% |
| Saudi Arabia | N/A | 0.1 | N/A | 47.8 | 2086.3% |
| United Kingdom | 9.8 | 425 | 65.2 | 6.5 | -12.8% |
| Spain | N/A | 809 | 171 | 0.1 | -98.9% |
| Others | 514 | 3,013 | 3,851 | 394 | -8.5% |
| Total | 5,380 | 13,877 | 16,175 | 4,725 | -4.2% |
Top Export Markets for Rubber; Vulcanised (Other than Hard Rubber), Gloves Other than Surgical Gloves from Hong Kong SAR in 2022:
- Macao SAR (265.1 tons)
- Israel (170.4 tons)
- China (61.1 tons)
- Taiwan (Chinese) (37.4 tons)
- Saudi Arabia (35.7 tons)
- South Korea (32.7 tons)
- Indonesia (28.3 tons)
- Australia (27.0 tons)
- Philippines (8.8 tons)
- United States (6.2 tons)
- United Kingdom (2.1 tons)
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