Hong Kong SAR, China - Sewing Thread Of Man-Made Filaments Or Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHong Kong Sees Impressive Growth in Sewing Thread Exports, Reaching $4.2M in October 2023
Hong Kong Sewing Thread Exports
In October 2023, overseas shipments of sewing thread of man-made filaments or staple fibers increased by 2.5% to 276 tons, rising for the fourth consecutive month after four months of decline. In general, total exports indicated a perceptible expansion from October 2022 to October 2023: its volume increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, exports increased by +45.8% against June 2023 indices. The most prominent rate of growth was recorded in November 2022 when exports increased by 37% month-to-month.
In value terms, sewing thread exports rose notably to $4.2M (IndexBox estimates) in October 2023. Over the period under review, total exports indicated a mild expansion from October 2022 to October 2023: its value increased at an average monthly rate of +1.7% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, exports increased by +57.3% against June 2023 indices. The growth pace was the most rapid in November 2022 with an increase of 33% month-to-month.
| COUNTRY | Export Value of Sewing Thread in Hong Kong (thousand USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | |
| Vietnam | 1,070 | 1,170 | 1,473 | 915 | 1,475 | 1,051 | 960 | 816 | 673 | 950 | 1,282 | 1,290 | 1,351 |
| Cambodia | 755 | 958 | 1,508 | 1,224 | 1,094 | 1,229 | 890 | 750 | 837 | 844 | 1,017 | 931 | 1,244 |
| China | 286 | 275 | 263 | 205 | 339 | 239 | 158 | 281 | 210 | 202 | 267 | 184 | 254 |
| Jordan | 109 | 592 | 516 | 396 | 320 | 229 | 103 | 212 | 85.9 | 339 | 331 | 234 | 177 |
| Bangladesh | 207 | 211 | 296 | 293 | 300 | 218 | 222 | 146 | 142 | 170 | 202 | 240 | 159 |
| Philippines | 346 | 481 | 524 | 412 | 217 | 288 | 213 | 108 | 164 | 206 | 185 | 193 | 135 |
| Lesotho | 2.3 | 35.1 | 96.0 | 60.5 | 85.9 | 31.7 | 31.4 | 78.9 | 19.4 | 68.7 | 24.5 | 24.1 | 88.4 |
| Others | 664 | 854 | 961 | 609 | 708 | 509 | 636 | 555 | 550 | 480 | 673 | 705 | 809 |
| Total | 3,440 | 4,575 | 5,637 | 4,114 | 4,539 | 3,794 | 3,215 | 2,946 | 2,681 | 3,260 | 3,981 | 3,801 | 4,216 |
Exports by Country
Vietnam (102 tons), Cambodia (72 tons) and Lesotho (16 tons) were the main destinations of sewing thread exports from Hong Kong, together accounting for 69% of total exports.
From October 2022 to October 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Lesotho (with a CAGR of +35.1%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for sewing thread exported from Hong Kong were Vietnam ($1.4M), Cambodia ($1.2M) and China ($254K), together comprising 68% of total exports. Jordan, Bangladesh, the Philippines and Lesotho lagged somewhat behind, together accounting for a further 13%.
Among the main countries of destination, Lesotho, with a CAGR of +35.5%, recorded the highest growth rate of the value of exports, 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 (163 tons) and sewing thread of man-made filaments, whether or not put up for retail sale (113 tons) were the main products of sewing thread exports from Hong Kong.
From October 2022 to October 2023, the biggest increases were in sewing thread of man-made staple fibres, whether or not put up for retail sale (with a CAGR of +2.7%).
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 ($2.4M) and sewing thread of man-made staple fibres, whether or not put up for retail sale ($1.9M).
Among the main product categories, sewing thread of man-made staple fibres, whether or not put up for retail sale, with a CAGR of +3.4%, recorded the highest growth rate of the value of exports, over the period under review.
Export Prices by Country
In October 2023, the sewing thread price stood at $15,270 per ton (FOB, Hong Kong), with an increase of 8.2% against the previous month. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded 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 October 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Jordan ($21,923 per ton), while the average price for exports to Lesotho ($5,501 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
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:
- 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
