Hong Kong SAR, China: Market for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber 2025

Market Size for Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Hong Kong SAR, China

The Hong Kong solid vulcanised rubber sheet market skyrocketed to $X in 2022, picking up by 94% against the previous year. In general, consumption, however, showed a pronounced reduction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber in Hong Kong SAR, China

In value terms, solid vulcanised rubber sheet production soared to $X in 2022 estimated in export price. In general, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2020 when the production volume increased by 459%. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Exports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Exports from Hong Kong SAR, China

In 2022, exports of plates, sheets, strips for floor covering of solid vulcanised rubber from Hong Kong SAR declined dramatically to X tons, with a decrease of -47% against the year before. Over the period under review, exports faced a drastic downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 5.2% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, solid vulcanised rubber sheet exports contracted dramatically to $X in 2022. In general, exports continue to indicate a deep setback. The growth pace was the most rapid in 2017 with an increase of 1.7%. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for solid vulcanised rubber sheet exports from Hong Kong SAR, with a 58% share of total exports. Moreover, solid vulcanised rubber sheet exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), twofold. The third position in this ranking was taken by Bangladesh (X tons), with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at -14.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-3.0% per year) and Bangladesh (-11.3% per year).

In value terms, China ($X) remains the key foreign market for plates, sheets, strips for floor covering of solid vulcanised rubber exports from Hong Kong SAR, comprising 74% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 12% share of total exports. It was followed by Cambodia, with a 2.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China stood at -10.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-6.1% per year) and Cambodia (-2.0% per year).

Export Prices by Country

The average solid vulcanised rubber sheet export price stood at $X per ton in 2022, rising by 22% against the previous year. Over the last decade, it increased at an average annual rate of +1.3%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($X per ton), while the average price for exports to Indonesia ($X 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 Cambodia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Plates, Sheets, Strips For Floor Covering Of Solid Vulcanised Rubber

Imports into Hong Kong SAR, China

For the third year in a row, Hong Kong SAR recorded decline in purchases abroad of plates, sheets, strips for floor covering of solid vulcanised rubber, which decreased by -22.7% to X tons in 2022. Overall, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2019 when imports increased by 3.6%. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, solid vulcanised rubber sheet imports declined notably to $X in 2022. Over the period under review, imports faced a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest solid vulcanised rubber sheet supplier to Hong Kong SAR, with a 49% share of total imports. Moreover, solid vulcanised rubber sheet imports from China exceeded the figures recorded by the second-largest supplier, Germany (X tons), fourfold. Japan (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.5% per year) and Japan (-9.6% per year).

In value terms, Germany ($X), Japan ($X) and China ($X) appeared to be the largest solid vulcanised rubber sheet suppliers to Hong Kong SAR, with a combined 72% share of total imports.

Among the main suppliers, Germany, with a CAGR of -1.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average solid vulcanised rubber sheet import price amounted to $X per ton, which is down by -5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.9%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 36%. Over the period under review, average import prices attained the peak figure at $X per ton in 2021, and then dropped in the following year.

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 Germany ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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