We use cookies to improve your experience and for marketing. Read our cookie policy or manage cookies.

Accept essential cookies
Accept all cookies
Hong Kong SAR, China - Sewing Thread Of Man-Made Filaments Or Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Apr 1, 2024

Hong Kong SAR, China - Sewing Thread Of Man-Made Filaments Or Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights

Single report
Sent by email within 24h (Mon-Fri)
What's the difference?
Subscription
Online access and download
from $350/month

Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.

View Pricing
Article Publishing Date: Mar 19, 2024

Export of Sewing Thread in Hong Kong Sees a Sharp Decline to $3.6M in November 2023

Hong Kong Sewing Thread Exports

In November 2023, shipments abroad of sewing thread of man-made filaments or staple fibers decreased by -14.9% to 235 tons for the first time since June 2023, thus ending a four-month rising trend. In general, exports continue to indicate a mild curtailment. The growth pace was the most rapid in August 2023 with an increase of 18% against the previous month.

In value terms, sewing thread exports declined notably to $3.6M (IndexBox estimates) in November 2023. Overall, exports saw a pronounced reduction. The most prominent rate of growth was recorded in December 2022 with an increase of 23% month-to-month. As a result, the exports reached the peak of $5.6M. From January 2023 to November 2023, the growth of the exports failed to regain momentum.Hong Kong Sewing Thread Exports By Country (Thousand USD)

COUNTRYExport Value of Sewing Thread in Hong Kong (thousand USD)
Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023Aug 2023Sep 2023Oct 2023Nov 2023
Vietnam1,1701,4739151,4751,0519608166739501,2821,2901,3511,018
Cambodia9581,5081,2241,0941,2298907508378441,0179311,244892
China275263205339239158281210202267184254526
Bangladesh211296293300218222146142170202240159222
Philippines481524412217288213108164206185193135165
Jordan59251639632022910321285.9339331234177120
Lesotho35.196.060.585.931.731.478.919.468.724.524.188.445.3
Others854961609708509636555550480673705809580
Total4,5755,6374,1144,5393,7943,2152,9462,6813,2603,9813,8014,2163,569

Exports by Country

Vietnam (62 tons), Cambodia (56 tons) and China (42 tons) were the main destinations of sewing thread exports from Hong Kong, together accounting for 68% of total exports.

From November 2022 to November 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +8.1%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($1M), Cambodia ($892K) and China ($526K) were the largest markets for sewing thread exported from Hong Kong worldwide, with a combined 68% share of total exports.

China, with a CAGR of +5.6%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Exports by Type

Sewing thread of man-made staple fibres, whether or not put up for retail sale (129 tons) and sewing thread of man-made filaments, whether or not put up for retail sale (106 tons) were the main products of sewing thread exports from Hong Kong.

From November 2022 to November 2023, the biggest increases were in sewing thread of man-made filaments, whether or not put up for retail sale (with a CAGR of -0.7%).

In value terms, the most traded types of sewing thread of man-made filaments or staple fibers in Hong Kong were sewing thread of man-made filaments, whether or not put up for retail sale ($2.3M) and sewing thread of man-made staple fibres, whether or not put up for retail sale ($1.2M).

Among the main product categories, sewing thread of man-made filaments, whether or not put up for retail sale, with a CAGR of -0.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In November 2023, the sewing thread price amounted to $15,195 per ton (FOB, Hong Kong), stabilizing at the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 9.1% month-to-month. As a result, the export price reached the peak level of $16,798 per ton. From January 2023 to November 2023, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In November 2023, the country with the highest price was the Philippines ($17,745 per ton), while the average price for exports to Lesotho ($5,511 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the sewing thread 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 13108510 - Sewing thread of man-made filaments
  • Prodcom 13108550 - Sewing thread of man-made staple fibres

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

Recommended posts

Hong Kong Sees Impressive Growth in Sewing Thread Exports, Reaching $4.2M in October 2023
Feb 17, 2024
Eye 139
Decline in Canada's Sewing Thread Imports to $1.1M in September 2023
Jan 14, 2024
Eye 174
Turkey's July 2023 Imports of Sewing Thread Surge by 28% to Reach $5.7M
Nov 16, 2023
Eye 211
Thailand's Sewing Thread Price Drops to $8,677/Ton
Aug 28, 2023
Eye 250
Free Data: Sewing Thread Of Man-Made Filaments Or Staple Fibers - Hong Kong SAR
Table
Sewing Thread Of Man-Made Filaments Or Staple Fibers - Hong Kong SAR - Table
Dashboard
Sewing Thread Of Man-Made Filaments Or Staple Fibers - Hong Kong SAR - Dashboard
Report
Sewing Thread Of Man-Made Filaments Or Staple Fibers - Hong Kong SAR - Report