Price for Rubber Thread and Cord; Textile Covered in Hong Kong SAR - 2024
Contents:
- Price for Rubber Thread and Cord; Textile Covered in Hong Kong SAR (FOB) - 2024
- Price for Rubber Thread and Cord; Textile Covered in Hong Kong SAR (CIF) - 2024
- Exports of Rubber Thread and Cord; Textile Covered in Hong Kong SAR
- Imports of Rubber Thread and Cord; Textile Covered in Hong Kong SAR
Price for Rubber Thread and Cord; Textile Covered in Hong Kong SAR (FOB) - 2024
In February 2024, the average export price for rubber thread and cord; textile covereds amounted to $22,313 per ton, picking up by 5.4% against the previous month. Overall, the export price saw a mild increase. The pace of growth was the most pronounced in December 2023 when the average export price increased by 41% m-o-m. Over the period under review, the average export prices attained the peak figure at $26,711 per ton in June 2023; however, from July 2023 to February 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In February 2024, the country with the highest price was Bangladesh ($37,844 per ton), while the average price for exports to Canada ($1,812 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Rubber Thread and Cord; Textile Covered in Hong Kong SAR (CIF) - 2024
In February 2024, the average import price for rubber thread and cord; textile covereds amounted to $15,596 per ton, growing by 107% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices reached the maximum at $17,026 per ton in February 2023; however, from March 2023 to February 2024, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2023 to February 2024, the rate of growth in terms of prices for South Korea amounted to -0.1% per month.
Exports of Rubber Thread and Cord; Textile Covered in Hong Kong SAR
Exports of rubber thread and cord; textile covereds from Hong Kong SAR shrank notably to 364 tons in 2022, reducing by -50% compared with the previous year's figure. In general, exports showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of 75% against the previous year. As a result, the exports attained the peak of 728 tons, and then fell markedly in the following year.
In value terms, exports of rubber thread and cord; textile covereds fell markedly to $6.7M in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 73% against the previous year. As a result, the exports attained the peak of $11M, and then fell significantly in the following year.
| Export of Rubber Thread and Cord; Textile Covered in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2,157 | 1,510 | 1,980 | 1,945 | -3.4% |
| Bangladesh | 1,150 | 1,178 | 4,294 | 1,558 | 10.7% |
| China | 1,468 | 1,060 | 971 | 660 | -23.4% |
| Indonesia | 665 | 541 | 961 | 571 | -5.0% |
| Cambodia | 696 | 253 | 1,411 | 453 | -13.3% |
| Thailand | 524 | 534 | 480 | 322 | -15.0% |
| United States | 282 | 404 | 197 | 179 | -14.1% |
| Philippines | 66.9 | 28.9 | 106 | 126 | 23.5% |
| Myanmar | 140 | 108 | 207 | 119 | -5.3% |
| Sri Lanka | 93.8 | 63.9 | 69.9 | 117 | 7.6% |
| Madagascar | 136 | 115 | 90.0 | 95.0 | -11.3% |
| United Kingdom | 546 | 160 | 36.3 | 70.5 | -49.5% |
| Canada | 16.0 | 21.1 | 12.7 | 33.2 | 27.5% |
| Others | 531 | 662 | 674 | 449 | -5.4% |
| Total | 8,473 | 6,640 | 11,489 | 6,698 | -7.5% |
Top Export Markets for Rubber Thread and Cord; Textile Covered from Hong Kong SAR in 2022:
- Bangladesh (88.9 tons)
- Vietnam (86.9 tons)
- China (37.1 tons)
- Indonesia (25.0 tons)
- United States (23.7 tons)
- Cambodia (21.3 tons)
- Thailand (13.5 tons)
- United Kingdom (12.7 tons)
- Canada (9.7 tons)
- Madagascar (7.6 tons)
- Myanmar (7.2 tons)
- Sri Lanka (6.7 tons)
- Philippines (6.0 tons)
Imports of Rubber Thread and Cord; Textile Covered in Hong Kong SAR
In 2022, approx. 413 tons of rubber thread and cord; textile covereds were imported into Hong Kong SAR; with a decrease of -63.7% against the previous year's figure. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year. As a result, imports attained the peak of 1.1K tons, and then dropped rapidly in the following year.
In value terms, imports of rubber thread and cord; textile covereds dropped significantly to $4.1M in 2022. Overall, imports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 with an increase of 59%. As a result, imports reached the peak of $8.4M, and then shrank rapidly in the following year.
| Import of Rubber Thread and Cord; Textile Covered in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.5 | 5.0 | 8.3 | 4.0 | -10.1% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Others | 0.1 | 0.2 | 0.1 | 0.1 | 0.0% |
| Total | 5.7 | 5.3 | 8.4 | 4.1 | -10.4% |
Top Suppliers of Rubber Thread and Cord; Textile Covered to Hong Kong SAR in 2022:
- China (403.9 tons)
- Taiwan (Chinese) (5.7 tons)
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