Report Update: May 1, 2024

Hong Kong SAR, China - Artificial Fur - Market Analysis, Forecast, Size, Trends And Insights

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Artificial Fur Price in Hong Kong SAR - 2023

Artificial Fur Price in Hong Kong SAR (FOB) - 2022

In 2022, the average artificial fur export price amounted to $15,220 per ton, dropping by -28% against the previous year. Over the period under review, the export price, however, continues to indicate a prominent increase. The pace of growth appeared the most rapid in 2013 an increase of 105%. Over the period under review, the average export prices attained the peak figure at $23,210 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($64,675 per ton), while the average price for exports to India ($6,625 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 China (+22.5%), while the prices for the other major destinations experienced mixed trend patterns.

Artificial Fur Price in Hong Kong SAR (CIF) - 2022

In 2022, the average artificial fur import price amounted to $66,477 per ton, jumping by 253% against the previous year. Over the period under review, the import price enjoyed a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Italy ($205,330 per ton), while the price for China ($18,413 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+23.0%), while the prices for the other major suppliers experienced a decline.

Artificial Fur Exports in Hong Kong SAR

In 2022, shipments abroad of artificial fur increased by 33% to 30 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a deep reduction.

In value terms, artificial fur exports contracted modestly to $457K in 2022. Overall, exports, however, continue to indicate a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 16% against the previous year.

Export of Artificial Fur in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	131	245	184	166	8.2%
China	75.1	60.6	159	159	28.4%
Vietnam	267	52.6	19.2	31.5	-51.0%
India	19.5	9.0	0.2	24.8	8.3%
Macao SAR	N/A	N/A	58.1	21.1	-63.7%
Japan	23.9	5.9	10.4	17.3	-10.2%
France	3.8	7.8	2.2	7.2	23.7%
Others	33.5	29.1	44.2	29.7	-3.9%
Total	554	410	477	457	-6.2%

Top Export Markets for Artificial Fur from Hong Kong SAR in 2022:

United States (18.7 tons)
India (3.7 tons)
China (2.5 tons)
Vietnam (1.8 tons)
Macao SAR (1.0 tons)
Japan (0.9 tons)
France (0.7 tons)

Artificial Fur Imports in Hong Kong SAR

In 2022, supplies from abroad of artificial fur decreased by -77.8% to 3.2 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports saw a abrupt curtailment. The pace of growth was the most pronounced in 2020 with an increase of 128%.

In value terms, artificial fur imports contracted markedly to $210K in 2022. Overall, imports continue to indicate a perceptible decrease. The pace of growth was the most pronounced in 2020 with an increase of 17%. As a result, imports reached the peak of $271K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Import of Artificial Fur in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Italy	68.9	21.2	24.7	149	29.3%
China	93.4	208	231	42.5	-23.1%
Germany	22.0	5.7	0.7	15.1	-11.8%
Others	46.8	36.5	11.1	3.7	-57.1%
Total	231	271	268	210	-3.1%

Top Suppliers of Artificial Fur to Hong Kong SAR in 2022:

China (2310.0 kg)
Italy (724.0 kg)
Germany (103.0 kg)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the artificial fur 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 13911920 - Artificial fur and articles thereof

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.

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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
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
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