Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hong Kong SAR - 2023
Contents:
- Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hong Kong SAR (CIF) - 2022
- Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hong Kong SAR (FOB) - 2022
- Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hong Kong SAR
- Exports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hong Kong SAR
Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds amounted to $14,131 per ton, growing by 12% against the previous year. Over the last decade, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2017 an increase of 37%. As a result, import price reached the peak level of $16,790 per ton. From 2018 to 2022, the average import prices remained at a somewhat lower figure.
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 ($38,489 per ton), while the price for China ($12,054 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hong Kong SAR (FOB) - 2022
The average export price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds stood at $16,247 per ton in 2022, which is down by -6.6% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds increased by +54.9% against 2016 indices. The pace of growth was the most pronounced in 2021 an increase of 27%. As a result, the export price reached the peak level of $17,402 per ton, and then dropped in the following year.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to India ($20,939 per ton) and Germany ($20,853 per ton), while the average price for exports to China ($14,213 per ton) and Vietnam ($18,289 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+16.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hong Kong SAR
In 2022, the amount of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds imported into Hong Kong SAR fell significantly to 64 tons, waning by -46.8% compared with 2021. Overall, imports faced a significant decrease. The pace of growth was the most pronounced in 2021 with an increase of 114% against the previous year.
In value terms, imports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds dropped dramatically to $903K in 2022. Over the period under review, imports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 154%.
| Import of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,302 | 426 | 1,220 | 386 | -33.3% |
| Taiwan (Chinese) | 43.3 | 31.6 | 47.5 | 257 | 81.1% |
| Japan | 32.1 | 68.1 | 87.6 | 86.1 | 38.9% |
| Italy | 12.1 | 41.7 | 32.4 | 73.8 | 82.7% |
| United States | 61.2 | 14.1 | 79.5 | 59.3 | -1.0% |
| South Korea | 42.8 | 11.4 | 31.5 | 40.7 | -1.7% |
| Others | 182 | 2.1 | 12.6 | N/A | -73.7% |
| Total | 1,675 | 595 | 1,511 | 903 | -18.6% |
Top Suppliers of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted to Hong Kong SAR in 2022:
- China (32.0 tons)
- Taiwan (Chinese) (19.7 tons)
- Japan (4.9 tons)
- United States (2.9 tons)
- South Korea (2.4 tons)
- Italy (1.9 tons)
Exports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hong Kong SAR
After two years of decline, overseas shipments of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds increased by 2.1% to 35 tons in 2022. Over the period under review, exports, however, recorded a abrupt shrinkage.
In value terms, exports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds shrank to $575K in 2022. Overall, exports, however, continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 0.5% against the previous year.
| Export of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 166 | 253 | 281 | 290 | 20.4% |
| Vietnam | 300 | 199 | 180 | 117 | -26.9% |
| Sri Lanka | 45.1 | 31.6 | 43.9 | 70.5 | 16.1% |
| India | 104 | 69.4 | 64.8 | 41.5 | -26.4% |
| Indonesia | 50.8 | 36.4 | 28.6 | 32.1 | -14.2% |
| Germany | N/A | 0.2 | N/A | 18.7 | 867.0% |
| Myanmar | 173 | 1.4 | N/A | N/A | -99.2% |
| Others | 23.6 | 9.3 | 5.3 | 4.6 | -42.0% |
| Total | 862 | 600 | 603 | 575 | -12.6% |
Top Export Markets for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted from Hong Kong SAR in 2022:
- China (20.4 tons)
- Vietnam (6.4 tons)
- Sri Lanka (3.8 tons)
- India (2.0 tons)
- Indonesia (1.6 tons)
- Germany (0.9 tons)
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