Hong Kong SAR, China - Yarn Of Wool - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWoolen Yarn Price in Hong Kong SAR - 2023
Contents:
- Woolen Yarn Price in Hong Kong SAR (CIF) - 2023
- Woolen Yarn Price in Hong Kong SAR (FOB) - 2023
- Woolen Yarn Imports in Hong Kong SAR
- Woolen Yarn Exports in Hong Kong SAR
Woolen Yarn Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average woolen yarn import price amounted to $60,157 per ton, increasing by 35% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +3.0%. The growth pace was the most rapid in January 2023 an increase of 39% m-o-m. Over the period under review, average import prices reached the maximum in June 2023.
Prices varied noticeably by the country of origin: the country with the highest price was China ($80,380 per ton), while the price for South Korea ($32,837 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by China (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Woolen Yarn Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average woolen yarn export price amounted to $35,251 per ton, increasing by 3.4% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 20% against the previous month. Over the period under review, the average export prices attained the peak figure at $45,640 per ton in January 2023; however, from February 2023 to June 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Macao SAR ($51,130 per ton), while the average price for exports to Vietnam ($25,337 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Macao SAR (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Woolen Yarn Imports in Hong Kong SAR
In 2022, woolen yarn imports into Hong Kong SAR shrank dramatically to 3.3K tons, declining by -51.6% on the previous year. Over the period under review, imports recorded a precipitous setback. The pace of growth was the most pronounced in 2021 when imports increased by 2.2% against the previous year.
In value terms, woolen yarn imports shrank sharply to $149M in 2022. In general, imports showed a dramatic setback. The pace of growth was the most pronounced in 2021 with an increase of 8.6%.
Import of Woolen Yarn in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 244 | 185 | 191 | 72.3 | -33.3% |
Italy | 76.2 | 50.0 | 64.3 | 64.9 | -5.2% |
Taiwan (Chinese) | 1.9 | 1.8 | 1.7 | 4.2 | 30.3% |
Others | 12.0 | 7.9 | 9.1 | 8.1 | -12.3% |
Total | 334 | 245 | 266 | 149 | -23.6% |
Top Suppliers of Woolen Yarn to Hong Kong SAR in 2022:
- China (1655.4 tons)
- Italy (1341.3 tons)
- Taiwan (Chinese) (124.7 tons)
Woolen Yarn Exports in Hong Kong SAR
In 2022, approx. 3K tons of yarn of wool were exported from Hong Kong SAR; shrinking by -52.7% compared with the previous year. In general, exports saw a sharp descent. The pace of growth was the most pronounced in 2021 when exports increased by 1.3% against the previous year.
In value terms, woolen yarn exports dropped significantly to $97M in 2022. Over the period under review, exports showed a dramatic decrease. The smallest decline of -6.9% was in 2021.
Export of Woolen Yarn in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 190 | 142 | 156 | 73.8 | -27.0% |
Vietnam | 48.1 | 36.5 | 12.4 | 12.7 | -35.8% |
Macao SAR | N/A | N/A | 0.5 | 3.7 | 640.0% |
Bangladesh | 7.2 | 3.2 | 2.0 | 2.3 | -31.6% |
Cambodia | 2.1 | 3.0 | 2.0 | 2.0 | -1.6% |
Others | 6.7 | 3.2 | 2.5 | 1.9 | -34.3% |
Total | 254 | 188 | 175 | 96.6 | -27.5% |
Top Export Markets for Woolen Yarn from Hong Kong SAR in 2022:
- China (2159.4 tons)
- Vietnam (454.5 tons)
- Bangladesh (104.3 tons)
- Cambodia (100.2 tons)
- Macao SAR (77.1 tons)
This report provides an in-depth analysis of the woolen yarn market 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:
- Prodcom 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
- Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
- Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.
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
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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 woolen yarn market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global woolen yarn market.
This report provides an in-depth analysis of the woolen yarn market in Hong Kong SAR, China.
This report provides an in-depth analysis of the global woolen yarn market.
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