Price for Embroidery; in the Piece, in Strips or in Motifs in Hong Kong SAR - 2023
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in Hong Kong SAR (FOB) - 2023
- Price for Embroidery; in the Piece, in Strips or in Motifs in Hong Kong SAR (CIF) - 2023
- Exports of Embroidery; in the Piece, in Strips or in Motifs in Hong Kong SAR
- Imports of Embroidery; in the Piece, in Strips or in Motifs in Hong Kong SAR
Price for Embroidery; in the Piece, in Strips or in Motifs in Hong Kong SAR (FOB) - 2023
In September 2023, the average export price for embroidery; in the piece, in strips or in motifses amounted to $92,724 per ton, which is down by -15.7% against the previous month. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in January 2023 when the average export price increased by 39% m-o-m. As a result, the export price reached the peak level of $114K per ton. From February 2023 to September 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Thailand ($192K per ton), while the average price for exports to India ($52,262 per ton) was amongst the lowest.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Embroidery; in the Piece, in Strips or in Motifs in Hong Kong SAR (CIF) - 2023
In September 2023, the average import price for embroidery; in the piece, in strips or in motifses amounted to $102K per ton, rising by 10% against the previous month. In general, import price indicated a remarkable increase from November 2022 to September 2023: its price increased at an average monthly rate of +7.8% over the last ten months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, import price for embroidery; in the piece, in strips or in motifses decreased by -10.7% against July 2023 indices. The pace of growth appeared the most rapid in March 2023 an increase of 56% m-o-m. The import price peaked at $114K per ton in July 2023; however, from August 2023 to September 2023, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was China ($99,946 per ton), while the price for Taiwan (Chinese) amounted to $74,495 per ton.
From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+9.4%).
Exports of Embroidery; in the Piece, in Strips or in Motifs in Hong Kong SAR
Exports of embroidery; in the piece, in strips or in motifses from Hong Kong SAR contracted dramatically to 595 tons in 2022, waning by -23.6% on 2021. Over the period under review, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year.
In value terms, exports of embroidery; in the piece, in strips or in motifses declined rapidly to $52M in 2022. In general, exports saw a deep setback. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year.
| Export of Embroidery; in the Piece, in Strips or in Motifs in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 21.4 | 11.6 | 18.1 | 12.6 | -16.2% |
| China | 10.3 | 9.0 | 10.6 | 11.1 | 2.5% |
| Vietnam | 11.1 | 8.8 | 11.1 | 8.7 | -7.8% |
| Thailand | 8.5 | 6.7 | 8.5 | 3.5 | -25.6% |
| Bangladesh | 2.7 | 1.2 | 1.6 | 1.7 | -14.3% |
| Indonesia | 4.0 | 2.1 | 5.0 | 1.7 | -24.8% |
| France | 0.8 | 0.4 | 0.6 | 1.4 | 20.5% |
| Myanmar | N/A | N/A | N/A | 1.0 | 0% |
| India | 0.8 | 0.5 | 0.9 | 0.7 | -4.4% |
| United Kingdom | 0.3 | 0.3 | 0.5 | 0.6 | 26.0% |
| Guatemala | 5.9 | 4.3 | 3.4 | 0.3 | -63.0% |
| Ireland | N/A | N/A | N/A | 0.3 | 0% |
| Honduras | 7.0 | 2.9 | 1.3 | 0.1 | -75.7% |
| Others | 10.0 | 5.1 | 5.7 | 8.5 | -5.3% |
| Total | 82.8 | 52.9 | 67.3 | 52.2 | -14.3% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Hong Kong SAR in 2022:
- United States (192.5 tons)
- China (87.2 tons)
- Vietnam (55.4 tons)
- Myanmar (46.3 tons)
- Bangladesh (25.0 tons)
- Thailand (24.1 tons)
- United Kingdom (20.2 tons)
- France (16.8 tons)
- Indonesia (16.6 tons)
- India (12.6 tons)
- Ireland (11.4 tons)
- Guatemala (4.0 tons)
- Honduras (0.9 tons)
Imports of Embroidery; in the Piece, in Strips or in Motifs in Hong Kong SAR
In 2022, approx. 403 tons of embroidery; in the piece, in strips or in motifses were imported into Hong Kong SAR; reducing by -32.2% against the previous year's figure. Overall, imports saw a sharp curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 19%.
In value terms, imports of embroidery; in the piece, in strips or in motifses declined notably to $30M in 2022. In general, imports faced a deep contraction. The pace of growth was the most pronounced in 2021 with an increase of 25%. As a result, imports attained the peak of $54M, and then declined dramatically in the following year.
| Import of Embroidery; in the Piece, in Strips or in Motifs in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 43.9 | 34.4 | 46.1 | 20.8 | -22.0% |
| Belgium | 1.5 | 2.7 | 3.9 | 4.6 | 45.3% |
| Taiwan (Chinese) | 4.0 | 3.6 | 2.0 | 2.2 | -18.1% |
| Others | 3.9 | 2.5 | 2.0 | 2.5 | -13.8% |
| Total | 53.2 | 43.2 | 54.0 | 30.2 | -17.2% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Hong Kong SAR in 2022:
- China (333.3 tons)
- Taiwan (Chinese) (28.1 tons)
- Belgium (23.9 tons)
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