Price for Knitted or Crocheted Pile Fabrics in Hong Kong SAR - 2023
Contents:
- Price for Knitted or Crocheted Pile Fabrics in Hong Kong SAR (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in Hong Kong SAR (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in Hong Kong SAR
- Exports of Knitted or Crocheted Pile Fabrics in Hong Kong SAR
Price for Knitted or Crocheted Pile Fabrics in Hong Kong SAR (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $10,814 per ton in 2022, falling by -2.2% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2014 when the average import price increased by 19%. The import price peaked at $11,056 per ton in 2021, and then dropped in the following year.
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 Taiwan (Chinese) ($13,242 per ton), while the price for Indonesia ($6,735 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+5.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Knitted or Crocheted Pile Fabrics in Hong Kong SAR (FOB) - 2022
The average export price for knitted or crocheted pile fabricses stood at $9,707 per ton in 2022, dropping by -3.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The growth pace was the most rapid in 2013 an increase of 36% against the previous year. As a result, the export price attained the peak level of $10,123 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sri Lanka ($15,614 per ton), while the average price for exports to Cambodia ($7,141 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knitted or Crocheted Pile Fabrics in Hong Kong SAR
In 2022, imports of knitted or crocheted pile fabricses into Hong Kong SAR fell to 6.4K tons, dropping by -10.5% against 2021 figures. Overall, imports continue to indicate a mild slump. The pace of growth was the most pronounced in 2021 with an increase of 27% against the previous year. As a result, imports reached the peak of 7.2K tons, and then dropped in the following year.
In value terms, knitted or crocheted pile fabrics imports fell to $70M in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 33% against the previous year. As a result, imports reached the peak of $79M, and then dropped in the following year.
| Import of Knitted or Crocheted Pile Fabrics in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 58.7 | 53.2 | 72.0 | 28.0 | -21.9% |
| South Korea | 2.6 | 1.9 | 2.7 | 1.0 | -27.3% |
| Taiwan (Chinese) | 1.5 | 1.4 | 2.4 | 0.9 | -15.7% |
| Indonesia | 2.3 | 0.9 | 0.3 | 0.5 | -39.9% |
| Others | 2.9 | 2.1 | 2.1 | 39.1 | 138.0% |
| Total | 68.0 | 59.6 | 79.4 | 69.5 | 0.7% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to Hong Kong SAR in 2022:
- China (2.7K tons)
- South Korea (0.1K tons)
- Indonesia (0.1K tons)
- Taiwan (Chinese) (0.1K tons)
Exports of Knitted or Crocheted Pile Fabrics in Hong Kong SAR
In 2022, shipments abroad of knitted or crocheted pile fabricses decreased by -10.3% to 4.7K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +6.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 26%. As a result, the exports attained the peak of 5.2K tons, and then declined in the following year.
In value terms, knitted or crocheted pile fabrics exports declined to $46M in 2022. The total export value increased at an average annual rate of +5.8% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of $53M, and then reduced in the following year.
| Export of Knitted or Crocheted Pile Fabrics in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 10.0 | 14.1 | 17.7 | 9.7 | -1.0% |
| China | 16.0 | 9.3 | 9.3 | 6.2 | -27.1% |
| Bangladesh | 1.7 | 3.4 | 6.7 | 3.6 | 28.4% |
| Indonesia | 1.9 | 3.9 | 5.4 | 3.0 | 16.4% |
| Sri Lanka | 2.9 | 3.1 | 4.0 | 2.2 | -8.8% |
| India | 1.5 | 0.9 | 1.3 | 0.7 | -22.4% |
| Cambodia | 0.9 | 1.0 | 0.8 | 0.5 | -17.8% |
| Others | 3.5 | 2.6 | 7.4 | 19.7 | 77.9% |
| Total | 38.5 | 38.3 | 52.7 | 45.5 | 5.7% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from Hong Kong SAR in 2022:
- Vietnam (855.4 tons)
- China (718.1 tons)
- Bangladesh (381.1 tons)
- Indonesia (310.3 tons)
- Sri Lanka (139.7 tons)
- Cambodia (67.2 tons)
- India (59.5 tons)
258
This report provides an in-depth analysis of the knitted fabric market in Hong Kong SAR, China.
2645
This report provides an in-depth analysis of the global knitted fabric market.
537
Global Pile and Terry Fabric Market Report 2018. This report provides an in-depth analysis of the global market for pile and terry fabric.
258
This report provides an in-depth analysis of the knitted fabric market in Hong Kong SAR, China.
2645
This report provides an in-depth analysis of the global knitted fabric market.
537
Global Pile and Terry Fabric Market Report 2018. This report provides an in-depth analysis of the global market for pile and terry fabric.
316
In May 2023, the price of Knitted Fabric was $12,772 per ton (FOB, Hong Kong), experiencing a decline of -2.8% from the previous month.
131
Explore the top import markets for knitted fabric in 2023, including Vietnam, Cambodia, Indonesia, and more. Learn about the major players in the global textile industry.
2180
In value terms, sewing and knitting needles, bodkins, crochet hooks imports amounted to $X in 2016. Overall, sewing and knitting needles, bodkins, crochet hooks imports continue to indicate a relat...
706
In value terms, knitting machines, stitch-bonding machines imports amounted to $X in 2016. Overall, knitting machines, stitch-bonding machines imports continue to indicate a significant decline. Gl...
1000
In value terms, sewing and knitting needles, bodkins, crochet hooks exports stood at $X in 2016. In general, sewing and knitting needles, bodkins, crochet hooks exports continue to indicate a relat...
828
In value terms, knitting machines, stitch-bonding machines exports totaled $X in 2016. In general, knitting machines, stitch-bonding machines exports continue to indicate a abrupt setback. Over the...
2094
Global knitted fabric imports amounted to X tons in 2016, growing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- t...
1294
Global knitted fabric imports amounted to X tons in 2016, growing by X% against the previous year figure. The total import volume increased at an average annual rate of +X% from 2007 to 2016- t...
1282
In value terms, hoopwood imports totaled $X in 2016. Overall, hoopwood imports continue to indicate a relatively flat trend pattern. In that year, global hoopwood imports attained its maximum level...
1313
In value terms, hoopwood exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern remained r...
