Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Hong Kong SAR - 2023
Contents:
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Hong Kong SAR (FOB) - 2022
- Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Hong Kong SAR (CIF) - 2022
- Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Hong Kong SAR
- Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Hong Kong SAR
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Hong Kong SAR (FOB) - 2022
The average export price for adhesives; prepared, based on rubber or plastics (including artificial resins) stood at $14,875 per ton in 2022, shrinking by -7.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2017 an increase of 15%. The export price peaked at $16,014 per ton in 2021, and then contracted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($17,500 per ton), while the average price for exports to Macao SAR ($2,816 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 Myanmar (+12.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for adhesives; prepared, based on rubber or plastics (including artificial resins) amounted to $12,490 per ton, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 an increase of 18%. The import price peaked at $12,957 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($35,344 per ton), while the price for Taiwan (Chinese) ($5,855 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Hong Kong SAR
Exports of adhesives; prepared, based on rubber or plastics (including artificial resins) from Hong Kong SAR declined markedly to 15K tons in 2022, waning by -37.3% compared with the previous year's figure. In general, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 17%. As a result, the exports reached the peak of 24K tons, and then fell notably in the following year.
In value terms, exports of adhesives; prepared, based on rubber or plastics (including artificial resins) dropped rapidly to $220M in 2022. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $378M, and then contracted significantly in the following year.
| Export of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 327 | 272 | 347 | 189 | -16.7% |
| Vietnam | 5.8 | 9.3 | 10.4 | 9.4 | 17.5% |
| Bangladesh | 3.5 | 3.2 | 5.2 | 4.3 | 7.1% |
| Indonesia | 1.9 | 2.3 | 3.2 | 1.8 | -1.8% |
| Thailand | 0.5 | 0.6 | 0.6 | 1.6 | 47.4% |
| Myanmar | N/A | N/A | N/A | 1.3 | 0% |
| Macao SAR | 1.3 | 0.9 | 0.7 | 0.8 | -14.9% |
| Others | 10.9 | 9.0 | 11.2 | 11.9 | 3.0% |
| Total | 351 | 297 | 378 | 220 | -14.4% |
Top Export Markets for Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) from Hong Kong SAR in 2022:
- China (10.8K tons)
- Vietnam (1.4K tons)
- Bangladesh (0.7K tons)
- Myanmar (0.3K tons)
- Indonesia (0.3K tons)
- Thailand (0.3K tons)
- Macao SAR (0.3K tons)
Imports of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of adhesives; prepared, based on rubber or plastics (including artificial resins), when their volume decreased by -44.2% to 14K tons. Overall, imports saw a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 16% against the previous year. As a result, imports attained the peak of 26K tons, and then fell remarkably in the following year.
In value terms, imports of adhesives; prepared, based on rubber or plastics (including artificial resins) declined remarkably to $180M in 2022. In general, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. As a result, imports reached the peak of $325M, and then fell notably in the following year.
| Import of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 39.3 | 58.4 | 83.3 | 57.7 | 13.7% |
| China | 115 | 95.8 | 105 | 50.1 | -24.2% |
| South Korea | 36.4 | 30.8 | 44.0 | 22.6 | -14.7% |
| United States | 21.9 | 18.7 | 30.1 | 20.1 | -2.8% |
| Singapore | 23.2 | 24.0 | 30.1 | 11.2 | -21.6% |
| Germany | 5.3 | 5.3 | 6.9 | 4.4 | -6.0% |
| Taiwan (Chinese) | 5.0 | 4.3 | 11.3 | 3.5 | -11.2% |
| United Kingdom | 1.1 | 2.0 | 4.2 | 3.2 | 42.8% |
| Others | 8.3 | 12.6 | 10.0 | 6.7 | -6.9% |
| Total | 255 | 252 | 325 | 180 | -11.0% |
Top Suppliers of Adhesives; Prepared, Based On Rubber or Plastics (Including Artificial Resins) to Hong Kong SAR in 2022:
- China (5.0K tons)
- South Korea (2.6K tons)
- United States (1.7K tons)
- Japan (1.6K tons)
- Singapore (0.7K tons)
- Taiwan (Chinese) (0.6K tons)
- United Kingdom (0.5K tons)
- Germany (0.5K tons)
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