Hong Kong SAR, China - Woven Fabrics Of Cotton - Market Analysis, Forecast, Size, Trends and Insights
Report Update: May 1, 2024

Hong Kong SAR, China - Woven Fabrics Of Cotton - Market Analysis, Forecast, Size, Trends and Insights

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Cotton Fabric Price in Hong Kong SAR - 2023

Contents:

  1. Cotton Fabric Price in Hong Kong SAR (FOB) - 2023
  2. Cotton Fabric Price in Hong Kong SAR (CIF) - 2022
  3. Cotton Fabric Exports in Hong Kong SAR
  4. Cotton Fabric Imports in Hong Kong SAR

Cotton Fabric Price in Hong Kong SAR (FOB) - 2023

In June 2023, the average cotton fabric export price amounted to $1.9 per square meter, dropping by -9.3% against the previous month. Over the period under review, the export price recorded a mild slump. The pace of growth was the most pronounced in May 2023 an increase of 10% against the previous month. The export price peaked at $2.3 per square meter 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 external markets. In June 2023, the country with the highest price was Indonesia ($9.9 per square meter), while the average price for exports to China ($2.9 per square meter) was amongst the lowest.

From September 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Cotton Fabric Price in Hong Kong SAR (CIF) - 2022

The average cotton fabric import price stood at $1.8 per square meter in 2022, with an increase of 11% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $1.8 per square meter in 2014; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($6.4 per square meter), while the price for China ($1.5 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Cotton Fabric Exports in Hong Kong SAR

Cotton fabric exports from Hong Kong SAR fell markedly to 127M square meters in 2022, dropping by -45.5% on the previous year's figure. Overall, exports showed a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. The exports peaked at 348M square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, cotton fabric exports shrank dramatically to $263M in 2022. In general, exports recorded a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 13% against the previous year. Over the period under review, the exports hit record highs at $645M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Export of Cotton Fabric in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China28816518097.7-30.3%
Vietnam10271.173.345.7-23.5%
Bangladesh91.063.682.044.0-21.5%
Indonesia48.228.338.125.4-19.2%
Cambodia29.920.621.113.8-22.7%
Sri Lanka15.19.59.38.3-18.1%
Others70.931.135.128.3-26.4%
Total645389439263-25.8%

Top Export Markets for Cotton Fabric from Hong Kong SAR in 2022:

  1. China (47.2M square meters)
  2. Bangladesh (22.5M square meters)
  3. Vietnam (20.4M square meters)
  4. Indonesia (11.2M square meters)
  5. Cambodia (9.3M square meters)
  6. Sri Lanka (4.6M square meters)

Cotton Fabric Imports in Hong Kong SAR

In 2022, approx. 128M square meters of woven fabrics of cotton were imported into Hong Kong SAR; with a decrease of -48.8% compared with 2021. In general, imports showed a dramatic shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 14%. Imports peaked at 401M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, cotton fabric imports reduced notably to $231M in 2022. Over the period under review, imports showed a dramatic setback. The growth pace was the most rapid in 2021 with an increase of 14% against the previous year. Imports peaked at $589M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Cotton Fabric in Hong Kong SAR (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China433248282142-31.0%
Italy26.818.022.517.9-12.6%
Taiwan (Chinese)18.413.520.817.7-1.3%
Japan33.125.419.913.5-25.8%
Turkey31.621.219.510.4-31.0%
Vietnam11.06.79.35.3-21.6%
Pakistan5.04.46.84.9-0.7%
Others30.119.724.618.9-14.4%
Total589357406231-26.8%

Top Suppliers of Cotton Fabric to Hong Kong SAR in 2022:

  1. China (94.3M square meters)
  2. Taiwan (Chinese) (11.3M square meters)
  3. Turkey (3.8M square meters)
  4. Japan (3.7M square meters)
  5. Vietnam (3.4M square meters)
  6. Italy (2.8M square meters)
  7. Pakistan (2.5M square meters)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the cotton fabric 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 13202020 - Woven fabrics of cotton weighing . .100 g/m., for medical gauzes, bandages and dressings
  • Prodcom 13202060 - Woven fabrics of denim cotton weighing > .200 g/m. (including denim other than blue)
  • Prodcom 132020Z1 - Cotton fabrics, . .200 g/m. (excluding gauze and coloured yarns)
  • Prodcom 132020Z2 - Cotton fabrics, > .200 g/m. (excluding coloured yarns)
  • Prodcom 132020Z3 - Woven fabrics of cotton of yarns of different colours (excluding denim)

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
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Free Data: Woven Fabrics Of Cotton - Hong Kong SAR