Hong Kong SAR, China - Coconut, Abaca, Ramie and other Vegetable Textile Fibres - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

Hong Kong SAR, China - Coconut, Abaca, Ramie and other Vegetable Textile Fibres - Market Analysis, Forecast, Size, Trends And Insights

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Price for Coconut, Abaca, Ramie and Other Vegetable Textile Fibre in Hong Kong SAR - 2023

Contents:

  1. Price for Coconut, Abaca, Ramie and Other Vegetable Textile Fibre in Hong Kong SAR (CIF) - 2022
  2. Price for Coconut, Abaca, Ramie and Other Vegetable Textile Fibre in Hong Kong SAR (FOB) - 2022
  3. Imports of Coconut, Abaca, Ramie and Other Vegetable Textile Fibre in Hong Kong SAR
  4. Exports of Coconut, Abaca, Ramie and Other Vegetable Textile Fibre in Hong Kong SAR

Price for Coconut, Abaca, Ramie and Other Vegetable Textile Fibre in Hong Kong SAR (CIF) - 2022

The average import price for coconut, abaca, ramie and other vegetable textile fibres stood at $67,625 per ton in 2022, jumping by 5,739% against the previous year. In general, the import price recorded a significant increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for France.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to +390.0% per year.

Price for Coconut, Abaca, Ramie and Other Vegetable Textile Fibre in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for coconut, abaca, ramie and other vegetable textile fibres amounted to $1,441 per ton, declining by -24.2% against the previous year. Overall, the export price saw a slight downturn. The most prominent rate of growth was recorded in 2020 when the average export price increased by 280% against the previous year. Over the period under review, the average export prices hit record highs at $3,379 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($1,441 per ton), while the average price for exports to Panama totaled $1,439 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+222.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Coconut, Abaca, Ramie and Other Vegetable Textile Fibre in Hong Kong SAR

In 2022, imports of coconut, abaca, ramie and other vegetable textile fibres into Hong Kong SAR declined dramatically to 136 kg, falling by -99.7% compared with the previous year. Overall, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 5%.

In value terms, imports of coconut, abaca, ramie and other vegetable textile fibres contracted notably to $9.2K in 2022. Over the period under review, imports showed a dramatic decrease. The smallest decline of -8.7% was in 2021.

Import of Coconut, Abaca, Ramie and Other Vegetable Textile Fibre in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
FranceN/A11.26.29.2-9.4%
Thailand20.820.620.9N/A0.2%
Sri Lanka24.5N/A19.9N/A-9.9%
IndiaN/A8.1N/AN/A0%
IndonesiaN/A11.5N/AN/A0%
Philippines50.6N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total95.951.447.09.2-54.2%

Top Suppliers of Coconut, Abaca, Ramie and Other Vegetable Textile Fibre to Hong Kong SAR in 2022:

  1. France (136.0 kg)

Exports of Coconut, Abaca, Ramie and Other Vegetable Textile Fibre in Hong Kong SAR

In 2022, approx. 25 tons of coconut, abaca, ramie and other vegetable textile fibres were exported from Hong Kong SAR; with an increase of 226% against 2021 figures. In general, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 22,256%.

In value terms, exports of coconut, abaca, ramie and other vegetable textile fibres skyrocketed to $36K in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 29,392% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Coconut, Abaca, Ramie and Other Vegetable Textile Fibre in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
PanamaN/AN/AN/A31.40%
United KingdomN/AN/AN/A4.10%
Lao People's Democratic Republic4.7N/AN/AN/A0%
Netherlands1.9N/A9.4N/A122.4%
Others9.2N/A5.00.1-77.8%
Total15.8N/A14.535.731.2%

Top Export Markets for Coconut, Abaca, Ramie and Other Vegetable Textile Fibre from Hong Kong SAR in 2022:

  1. Panama (21.9 tons)
  2. United Kingdom (2.9 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the market for coconut, abaca, ramie and other vegetable textile fibre 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:

  • FCL 809 - Abaca manila hemp
  • FCL 800 - Agave fibres nes
  • FCL 310 -
  • FCL 821 - Fibre crops nes
  • FCL 788 - Ramie
  • FCL 789 - Sisal

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. COUNTRIES WITH TOP YIELDS
    4. TOP EXPORTING COUNTRIES
    5. 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, HARVESTED AREA AND YIELD
  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. Yield And Growth
    16. Exports And Growth
    17. Export Prices And Growth
    18. Market Size And Growth
    19. Per Capita Consumption
    20. Imports And Growth
    21. Import Prices
    22. Production, In Physical Terms, 2012–2023
    23. Production, In Value Terms, 2012–2023
    24. Area Harvested, 2012–2023
    25. Yield, 2012–2023
    26. Imports, In Physical Terms, 2012–2023
    27. Imports, In Value Terms, 2012–2023
    28. Imports, In Physical Terms, By Country, 2023
    29. Imports, In Physical Terms, By Country, 2012–2023
    30. Imports, In Value Terms, By Country, 2012–2023
    31. Import Prices, By Country Of Origin, 2012–2023
    32. Exports, In Physical Terms, 2012–2023
    33. Exports, In Value Terms, 2012–2023
    34. Exports, In Physical Terms, By Country, 2023
    35. Exports, In Physical Terms, By Country, 2012–2023
    36. Exports, In Value Terms, By Country, 2012–2023
    37. Export Prices, By Country Of Destination, 2012–2023
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