Price for Fibres; Synthetic Filament Tow, of Polyesters in Hong Kong SAR - 2023

Contents:

1. Price for Fibres; Synthetic Filament Tow, of Polyesters in Hong Kong SAR (CIF) - 2022
2. Price for Fibres; Synthetic Filament Tow, of Polyesters in Hong Kong SAR (FOB) - 2022
3. Imports of Fibres; Synthetic Filament Tow, of Polyesters in Hong Kong SAR
4. Exports of Fibres; Synthetic Filament Tow, of Polyesters in Hong Kong SAR

Price for Fibres; Synthetic Filament Tow, of Polyesters in Hong Kong SAR (CIF) - 2022

The average import price for fibres; synthetic filament tow, of polyesterses stood at $7,212 per ton in 2022, reducing by -93.5% against the previous year. In general, the import price recorded a pronounced reduction. The growth pace was the most rapid in 2021 an increase of 1,171%. As a result, import price reached the peak level of $110,589 per ton, and then contracted dramatically in the following year.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +5.5% per year.

Price for Fibres; Synthetic Filament Tow, of Polyesters in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for fibres; synthetic filament tow, of polyesterses amounted to $95,000 per ton, picking up by 36% against the previous year. In general, the export price enjoyed significant growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 133% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +26.6% per year.

Imports of Fibres; Synthetic Filament Tow, of Polyesters in Hong Kong SAR

Imports of fibres; synthetic filament tow, of polyesterses into Hong Kong SAR surged to 737 kg in 2022, picking up by 85% against the previous year's figure. Overall, imports, however, showed a significant contraction.

In value terms, imports of fibres; synthetic filament tow, of polyesterses shrank remarkably to $5.3K in 2022. In general, imports, however, continue to indicate a precipitous decrease. The smallest decline of -8.1% was in 2021.

Top Suppliers of Fibres; Synthetic Filament Tow, of Polyesters to Hong Kong SAR in 2022:

1. China (737.0 kg)

Exports of Fibres; Synthetic Filament Tow, of Polyesters in Hong Kong SAR

In 2022, after three years of growth, there was significant decline in overseas shipments of fibres; synthetic filament tow, of polyesterses, when their volume decreased by -99% to 1 kg. Over the period under review, exports continue to indicate a precipitous descent. The pace of growth was the most pronounced in 2021 when exports increased by 21% against the previous year. As a result, the exports reached the peak of 98 kg, and then dropped markedly in the following year.

In value terms, exports of fibres; synthetic filament tow, of polyesterses shrank markedly to $95 in 2022. Overall, exports continue to indicate a dramatic downturn. The pace of growth was the most pronounced in 2020 when exports increased by 88% against the previous year.

Top Export Markets for Fibres; Synthetic Filament Tow, of Polyesters from Hong Kong SAR in 2022:

1. China (1.0 kg)

Source: IndexBox Market Intelligence Platform