Hong Kong SAR, China - Machines For Preparing, Weaving And Knitting Textiles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice for Textile Weaving and Knitting Machinery in Hong Kong SAR - 2023
Contents:
- Price for Textile Weaving and Knitting Machinery in Hong Kong SAR (CIF) - 2022
- Price for Textile Weaving and Knitting Machinery in Hong Kong SAR (FOB) - 2022
- Imports of Textile Weaving and Knitting Machinery in Hong Kong SAR
- Exports of Textile Weaving and Knitting Machinery in Hong Kong SAR
Price for Textile Weaving and Knitting Machinery in Hong Kong SAR (CIF) - 2022
The average import price for machines for preparing, weaving and knitting textiles stood at $7,855 per unit in 2022, growing by 5.7% against the previous year. Over the period under review, the import price, however, saw a pronounced contraction. The pace of growth was the most pronounced in 2016 an increase of 128%. The import price peaked at $22,349 per unit in 2018; however, from 2019 to 2022, import prices remained at a 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 Germany ($55,060 per unit), while the price for China ($3,402 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+28.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textile Weaving and Knitting Machinery in Hong Kong SAR (FOB) - 2022
The average export price for machines for preparing, weaving and knitting textiles stood at $11,860 per unit in 2022, rising by 56% against the previous year. Over the period under review, the export price, however, saw a pronounced reduction. Over the period under review, the average export prices attained the peak figure at $25,266 per unit in 2013; however, from 2014 to 2022, the 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 Italy ($37,041 per unit), while the average price for exports to Cambodia ($1,660 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textile Weaving and Knitting Machinery in Hong Kong SAR
In 2022, imports of machines for preparing, weaving and knitting textiles into Hong Kong SAR reduced remarkably to 931 units, with a decrease of -42.8% compared with 2021. Overall, imports faced a dramatic setback. The growth pace was the most rapid in 2021 when imports increased by 8.2%. Over the period under review, imports attained the maximum at 2K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, textile weaving and knitting machinery imports shrank significantly to $7.3M in 2022. In general, imports saw a dramatic descent. The smallest decline of -13.9% was in 2021. Over the period under review, imports reached the maximum at $25M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Textile Weaving and Knitting Machinery in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 15.2 | 6.5 | 1.2 | 2.0 | -49.1% |
| Japan | 2.6 | 2.5 | 0.7 | 1.8 | -11.5% |
| Italy | 1.0 | N/A | 1.2 | 0.8 | -7.2% |
| India | N/A | N/A | 4.1 | 0.5 | -87.8% |
| Sri Lanka | 1.1 | 0.8 | 0.5 | 0.4 | -28.6% |
| Switzerland | 1.1 | N/A | 2.9 | 0.4 | -28.6% |
| Vietnam | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
| Others | 3.9 | 4.1 | 1.5 | 1.2 | -32.5% |
| Total | 25.0 | 14.1 | 12.1 | 7.3 | -33.7% |
Top Suppliers of Textile Weaving and Knitting Machinery to Hong Kong SAR in 2022:
- China (580.0 units)
- India (82.0 units)
- Japan (77.0 units)
- Vietnam (47.0 units)
- Sri Lanka (39.0 units)
- Italy (33.0 units)
- Switzerland (25.0 units)
Exports of Textile Weaving and Knitting Machinery in Hong Kong SAR
In 2022, exports of machines for preparing, weaving and knitting textiles from Hong Kong SAR fell rapidly to 619 units, shrinking by -67.5% on the year before. In general, exports continue to indicate a sharp decline. The smallest decline of -4.4% was in 2021. The exports peaked at 3.2K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, textile weaving and knitting machinery exports contracted sharply to $7.3M in 2022. Over the period under review, exports faced a precipitous descent. The smallest decline of -32.6% was in 2021. The exports peaked at $32M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Textile Weaving and Knitting Machinery in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.0 | 7.3 | 4.2 | 3.7 | -25.6% |
| India | 2.2 | 1.1 | 2.5 | 0.9 | -25.8% |
| South Korea | N/A | 0.3 | 0.2 | 0.6 | 41.4% |
| Italy | 1.0 | 2.3 | 0.5 | 0.4 | -26.3% |
| Bangladesh | 2.2 | 2.8 | N/A | 0.4 | -43.3% |
| Vietnam | 3.2 | 1.6 | 2.9 | 0.3 | -54.6% |
| Sri Lanka | 0.3 | 0.6 | 0.1 | 0.3 | 0.0% |
| Indonesia | 5.1 | N/A | 0.6 | 0.2 | -66.0% |
| Thailand | 2.6 | 0.3 | N/A | N/A | -88.5% |
| Uzbekistan | 4.3 | 0.6 | N/A | N/A | -86.0% |
| Cambodia | 0.5 | 0.1 | 0.6 | N/A | 9.5% |
| Brazil | 0.4 | 2.5 | 0.2 | N/A | -29.3% |
| Others | 1.6 | 1.9 | 2.6 | 0.5 | -32.1% |
| Total | 32.3 | 21.5 | 14.5 | 7.3 | -39.1% |
Top Export Markets for Textile Weaving and Knitting Machinery from Hong Kong SAR in 2022:
- China (377.0 units)
- India (52.0 units)
- Bangladesh (48.0 units)
- South Korea (34.0 units)
- Sri Lanka (27.0 units)
- Vietnam (15.0 units)
- Italy (12.0 units)
- Brazil (8.0 units)
- Cambodia (3.0 units)
- Indonesia (2.0 units)
This report provides an in-depth analysis of the market for textile weaving and knitting machinery 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:
- Prodcom 28941100 - Machines for extruding, drawing, texturing or cutting manmade textile materials, machines for preparing textile fibres
- Prodcom 28941200 - Textile spinning machines, textile doubling, twisting, winding or reeling machines
- Prodcom 28941300 - Weaving machines
- Prodcom 28941430 - Circular knitting machines
- Prodcom 28941450 - Flat knitting machines, stitch-bonding machines and warp knitting machines
- Prodcom 28941470 - Machines for making gimped yarn, tulle, lace, embroidery, t rimmings, braid or net, and machines for tufting
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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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