Hong Kong SAR, China - Synthetic Latex Rubber - Market Analysis, Forecast, Size, Trends And Insights
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View PricingSynthetic Latex Rubber Price in Hong Kong SAR - 2023
Contents:
- Synthetic Latex Rubber Price in Hong Kong SAR (CIF) - 2023
- Synthetic Latex Rubber Price in Hong Kong SAR (FOB) - 2023
- Synthetic Latex Rubber Imports in Hong Kong SAR
- Synthetic Latex Rubber Exports in Hong Kong SAR
Synthetic Latex Rubber Price in Hong Kong SAR (CIF) - 2023
The average synthetic latex rubber import price stood at $2,728 per ton in June 2023, jumping by 47% against the previous month. Over the period under review, import price indicated pronounced growth from June 2022 to June 2023: its price increased at an average monthly rate of +4.3% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on June 2023 figures, synthetic latex rubber import price increased by +46.8% against May 2023 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was Japan ($7,135 per ton), while the price for Belgium ($1,365 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Japan (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Synthetic Latex Rubber Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average synthetic latex rubber export price amounted to $6,965 per ton, remaining relatively unchanged against the previous month. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2022 when the average export price increased by 145% against the previous month. The export price peaked at $10,593 per ton in January 2023; however, from February 2023 to June 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was China ($6,976 per ton), while the average price for exports to Macao SAR amounted to $3,165 per ton.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+0.2%).
Synthetic Latex Rubber Imports in Hong Kong SAR
In 2022, synthetic latex rubber imports into Hong Kong SAR fell remarkably to 3K tons, declining by -16.6% on the year before. Overall, imports continue to indicate a pronounced decline. The growth pace was the most rapid in 2021 when imports increased by 15%. As a result, imports reached the peak of 3.5K tons, and then contracted significantly in the following year.
In value terms, synthetic latex rubber imports contracted notably to $5.3M in 2022. In general, total imports indicated a slight expansion from 2019 to 2022: its value increased at an average annual rate of +1.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 57%. As a result, imports attained the peak of $8.4M, and then shrank significantly in the following year.
Import of Synthetic Latex Rubber in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Germany | 3,328 | 2,683 | 2,712 | 2,616 | -7.7% |
China | 714 | 635 | 746 | 955 | 10.2% |
Belgium | 517 | 634 | 432 | 671 | 9.1% |
Malaysia | 227 | 158 | 440 | 650 | 42.0% |
South Korea | 124 | 1,176 | 2,311 | 162 | 9.3% |
United States | N/A | N/A | N/A | 157 | 0% |
United Arab Emirates | N/A | N/A | 0.9 | 56.7 | 6200.0% |
Others | 183 | 102 | 1,803 | 31.4 | -44.4% |
Total | 5,094 | 5,387 | 8,444 | 5,299 | 1.3% |
Top Suppliers of Synthetic Latex Rubber to Hong Kong SAR in 2022:
- Germany (1461.7 tons)
- China (561.8 tons)
- Malaysia (468.4 tons)
- Belgium (307.1 tons)
- United Arab Emirates (58.6 tons)
- United States (50.8 tons)
- South Korea (24.6 tons)
Synthetic Latex Rubber Exports in Hong Kong SAR
Synthetic latex rubber exports from Hong Kong SAR shrank significantly to 186 tons in 2022, which is down by -78.1% against 2021 figures. Over the period under review, exports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 54%.
In value terms, synthetic latex rubber exports reduced dramatically to $953K in 2022. In general, exports faced a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 109%. As a result, the exports reached the peak of $3.9M, and then dropped rapidly in the following year.
Export of Synthetic Latex Rubber in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.7 | 1.7 | 3.8 | 0.9 | -30.7% |
Macao SAR | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
Others | 0.1 | N/A | N/A | N/A | 0% |
Total | 2.9 | 1.9 | 3.9 | 1.0 | -29.9% |
Top Export Markets for Synthetic Latex Rubber from Hong Kong SAR in 2022:
- China (159.6 tons)
- Macao SAR (26.0 tons)
This report provides an in-depth analysis of the synthetic latex rubber 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.
Product coverage:
- Prodcom 20171050 - Synthetic latex rubber
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
This report provides an in-depth analysis of the synthetic latex rubber market in Hong Kong SAR, China.
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The growth pace of Synthetic Latex Rubber was at its quickest in July 2023, with a 143% month-to-month increase. In terms of value, synthetic latex rubber imports decreased to $466K in November 2023.
In May 2023, the price of Synthetic Rubber was $2,204 per ton (CIF, Hong Kong), representing a decrease of 11.1% compared to the previous month.
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>
Discover the top import markets for synthetic rubber (excluding latex) with key statistics and analysis. Learn about the leading countries driving the demand for synthetic rubber. Read more on IndexBox market intelligence platform.
The growth pace of Synthetic Latex Rubber was at its quickest in July 2023, with a 143% month-to-month increase. In terms of value, synthetic latex rubber imports decreased to $466K in November 2023.
In May 2023, the price of Synthetic Rubber was $2,204 per ton (CIF, Hong Kong), representing a decrease of 11.1% compared to the previous month.
Discover the top import markets for synthetic latex rubber and their key statistics. Malaysia, China, and Thailand lead the way, according to IndexBox data.
In 2016, the amount of synthetic rubber imported worldwide amounted to X tons, approximately mirroring the previous year level. The total import volume increased at an average annual rate of +X>