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Hong Kong SAR, China - Isoprene Rubber (IR) in Primary Forms - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Isoprene Rubber (IR) in Primary Form in Hong Kong SAR - 2023
Contents:
- Price for Isoprene Rubber (IR) in Primary Form in Hong Kong SAR (FOB) - 2022
- Price for Isoprene Rubber (IR) in Primary Form in Hong Kong SAR (CIF) - 2022
- Exports of Isoprene Rubber (IR) in Primary Form in Hong Kong SAR
- Imports of Isoprene Rubber (IR) in Primary Form in Hong Kong SAR
Price for Isoprene Rubber (IR) in Primary Form in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for isoprene rubber (IR) in primary forms amounted to $3,702 per ton, shrinking by -4% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 43% against the previous year. Over the period under review, the average export prices hit record highs at $6,269 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($3,748 per ton), while the average price for exports to South Korea stood at $3,386 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+0.3%).
Price for Isoprene Rubber (IR) in Primary Form in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for isoprene rubber (IR) in primary forms amounted to $2,061 per ton, declining by -38.6% against the previous year. Overall, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 203% against the previous year. As a result, import price reached the peak level of $9,393 per ton. From 2019 to 2022, the average import prices failed to regain momentum.
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 Japan ($3,432 per ton), while the price for China ($1,133 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) (-1.3%), while the prices for the other major suppliers experienced a decline.
Exports of Isoprene Rubber (IR) in Primary Form in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in shipments abroad of isoprene rubber (IR) in primary forms, when their volume decreased by -66.5% to 158 tons. Over the period under review, exports, however, recorded noticeable growth. The growth pace was the most rapid in 2021 when exports increased by 90%. As a result, the exports reached the peak of 471 tons, and then dropped dramatically in the following year.
In value terms, exports of isoprene rubber (IR) in primary forms shrank dramatically to $584K in 2022. Overall, exports, however, continue to indicate a moderate increase. The most prominent rate of growth was recorded in 2020 with an increase of 121% against the previous year.
Export of Isoprene Rubber (IR) in Primary Form in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 348 | 949 | 1,817 | 516 | 14.0% |
South Korea | 129 | 230 | N/A | 68.3 | -19.1% |
United States | 44.8 | N/A | N/A | N/A | 0% |
Others | 10.3 | N/A | N/A | N/A | 0% |
Total | 533 | 1,180 | 1,817 | 584 | 3.1% |
Top Export Markets for Isoprene Rubber (IR) in Primary Form from Hong Kong SAR in 2022:
- China (137.5 tons)
- South Korea (20.2 tons)
Imports of Isoprene Rubber (IR) in Primary Form in Hong Kong SAR
In 2022, purchases abroad of isoprene rubber (IR) in primary forms decreased by -84.6% to 64 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 123% against the previous year. As a result, imports attained the peak of 418 tons, and then contracted rapidly in the following year.
In value terms, imports of isoprene rubber (IR) in primary forms contracted notably to $133K in 2022. Over the period under review, imports recorded a deep downturn. The growth pace was the most rapid in 2020 when imports increased by 231%.
Import of Isoprene Rubber (IR) in Primary Form in Hong Kong SAR (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 205 | 300 | 813 | 84.1 | -25.7% |
China | 30.9 | 4.0 | 3.5 | 41.0 | 9.9% |
Taiwan (Chinese) | N/A | 29.5 | 346 | 7.7 | -48.9% |
Russia | N/A | N/A | 119 | N/A | 0% |
United States | N/A | 428 | 85.5 | N/A | -80.0% |
Others | N/A | 17.9 | 35.5 | N/A | 98.3% |
Total | 235 | 780 | 1,403 | 133 | -17.3% |
Top Suppliers of Isoprene Rubber (IR) in Primary Form to Hong Kong SAR in 2022:
- China (36.2 tons)
- Japan (24.5 tons)
- Taiwan (Chinese) (3.8 tons)
This report provides an in-depth analysis of the market for isoprene rubber (ir) in primary form 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:
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 market for isoprene rubber (ir) in primary form in Hong Kong SAR, China.
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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.
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.
Learn about the growing demand for synthetic rubber worldwide and the anticipated market trends from 2023 to 2030, including projected increases in both volume and value.