Hong Kong SAR, China: Market for Natural Rubber And Gums 2025

Market Size for Natural Rubber And Gums in Hong Kong SAR, China

After three years of growth, the Hong Kong natural rubber and gum market decreased by -15.7% to $X in 2022. In general, consumption showed a deep reduction. Natural rubber and gum consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Natural Rubber And Gums in Hong Kong SAR, China

In value terms, natural rubber and gum production stood at $X in 2022 estimated in export price. Overall, production showed a slight decline. The growth pace was the most rapid in 2015 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth remained at a lower figure.

The average yield of natural rubber and gums in Hong Kong SAR totaled less than X kg per ha in 2022, stabilizing at 2021. Overall, the yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2022, the natural rubber and gum harvested area in Hong Kong SAR amounted to less than X ha, leveling off at 2021. In general, the harvested area continues to indicate a relatively flat trend pattern.

Exports of Natural Rubber And Gums

Exports from Hong Kong SAR, China

In 2022, overseas shipments of natural rubber and gums increased by 11% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, recorded a drastic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 34% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, natural rubber and gum exports rose slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a significant decline. The most prominent rate of growth was recorded in 2015 when exports increased by 84% against the previous year. As a result, the exports attained the peak of $X. From 2016 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for natural rubber and gum exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to -18.7%.

In value terms, China ($X) also remains the key foreign market for natural rubber and gums exports from Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to -20.8%.

Export Prices by Country

In 2022, the average natural rubber and gum export price amounted to $X per ton, reducing by -7.8% against the previous year. In general, the export price saw a perceptible decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 42%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -2.7% per year.

Imports of Natural Rubber And Gums

Imports into Hong Kong SAR, China

In 2022, approx. X tons of natural rubber and gums were imported into Hong Kong SAR; waning by -54.7% on the previous year. In general, imports recorded a sharp decline. The pace of growth was the most pronounced in 2021 when imports increased by 52% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, natural rubber and gum imports shrank remarkably to $X in 2022. Overall, imports recorded a dramatic decline. The most prominent rate of growth was recorded in 2021 when imports increased by 53% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), Thailand (X tons) and Mexico (X tons) were the main suppliers of natural rubber and gum imports to Hong Kong SAR, with a combined 94% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of 0.0%), while purchases for the other leaders experienced a decline.

In value terms, Malaysia ($X) constituted the largest supplier of natural rubber and gums to Hong Kong SAR, comprising 46% of total imports. The second position in the ranking was held by Thailand ($X), with a 23% share of total imports. It was followed by China, with a 22% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled -25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-33.4% per year) and China (-8.2% per year).

Import Prices by Country

The average natural rubber and gum import price stood at $X per ton in 2022, reducing by -9.6% against the previous year. In general, the import price showed a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of 35% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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