Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Hong Kong SAR - 2023
Contents:
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Hong Kong SAR (FOB) - 2022
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Hong Kong SAR (CIF) - 2023
- Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Hong Kong SAR
- Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Hong Kong SAR
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Hong Kong SAR (FOB) - 2022
The average export price for track suits; of synthetic fibres, knitted or crocheteds stood at $18 per unit in 2022, growing by 82% against the previous year. In general, the export price continues to indicate a perceptible increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($20 per unit), while the average price for exports to the UK ($6.4 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 the United States (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for track suits; of synthetic fibres, knitted or crocheteds amounted to $24.8 per unit, rising by 20% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 an increase of 496% month-to-month. The import price peaked at $102 per unit in February 2023; however, from March 2023 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($35.8 per unit), while the price for Indonesia ($15.1 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+11.4%), while the prices for the other major suppliers experienced a decline.
Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Hong Kong SAR
For the fourth year in a row, Hong Kong SAR recorded growth in shipments abroad of track suits; of synthetic fibres, knitted or crocheteds, which increased by 299% to 1.1M units in 2022. Over the period under review, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds soared to $19M in 2022. In general, exports saw significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 218 | 318 | 599 | 15,766 | 316.6% |
| China | 327 | 262 | 280 | 981 | 44.2% |
| Mexico | 16.6 | 32.6 | 762 | 518 | 214.8% |
| Germany | 95.2 | 113 | 37.6 | 213 | 30.8% |
| United Kingdom | 219 | 357 | 42.5 | 59.6 | -35.2% |
| Australia | 337 | 698 | 9.9 | 15.3 | -64.3% |
| Others | 566 | 862 | 878 | 1,408 | 35.5% |
| Total | 1,779 | 2,643 | 2,609 | 18,961 | 120.1% |
Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from Hong Kong SAR in 2022:
- United States (800.3K units)
- China (88.7K units)
- Mexico (47.0K units)
- Germany (13.7K units)
- United Kingdom (9.3K units)
- Australia (2.3K units)
Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of track suits; of synthetic fibres, knitted or crocheteds, when their volume decreased by -23.6% to 226K units. In general, total imports indicated a notable expansion from 2019 to 2022: its volume increased at an average annual rate of +4.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 40% against the previous year. Imports peaked at 296K units in 2021, and then dropped sharply in the following year.
In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds reached $3.8M in 2022. The total import value increased at an average annual rate of +9.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 35% against the previous year. As a result, imports attained the peak of $4M. From 2021 to 2022, the growth of imports of remained at a lower figure.
| Import of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 634 | 258 | 614 | 1,058 | 18.6% |
| China | 1,734 | 1,805 | 2,369 | 998 | -16.8% |
| Cambodia | 48.7 | 60.6 | 621 | 977 | 171.7% |
| Indonesia | 110 | 147 | 28.6 | 556 | 71.6% |
| Vietnam | 40.7 | 147 | 13.0 | 90.6 | 30.6% |
| United Arab Emirates | N/A | 1,433 | N/A | 0.2 | -98.8% |
| Others | 364 | 111 | 152 | 148 | -25.9% |
| Total | 2,932 | 3,961 | 3,797 | 3,829 | 9.3% |
Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to Hong Kong SAR in 2022:
- China (107.5K units)
- Cambodia (53.4K units)
- Indonesia (30.9K units)
- France (24.6K units)
- Vietnam (4.3K units)
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