Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Hong Kong SAR - 2023
Contents:
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Hong Kong SAR (FOB) - 2023
- Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Hong Kong SAR (CIF) - 2022
- Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Hong Kong SAR
- Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Hong Kong SAR
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Hong Kong SAR (FOB) - 2023
In October 2023, the average export price for wadding; other articles thereof, of man-made fibreses amounted to $5,244 per ton, shrinking by -51.3% against the previous month. Over the period under review, the export price showed a noticeable shrinkage. The pace of growth was the most pronounced in January 2023 when the average export price increased by 43% m-o-m. Over the period under review, the average export prices hit record highs at $12,187 per ton in February 2023; however, from March 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was Vietnam ($14,829 per ton), while the average price for exports to China ($4,640 per ton) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (0.0%), while the prices for the other major destinations experienced a decline.
Price for Wadding; Other Articles Thereof, of Man-Made Fibres in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for wadding; other articles thereof, of man-made fibreses amounted to $10,597 per ton, surging by 51% against the previous year. Overall, the import price recorded buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Japan ($36,147 per ton), while the price for Taiwan (Chinese) ($1,740 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Wadding; Other Articles Thereof, of Man-Made Fibres in Hong Kong SAR
In 2022, approx. 1.1K tons of wadding; other articles thereof, of man-made fibreses were exported from Hong Kong SAR; falling by -31.9% on 2021. In general, exports saw a deep reduction. The growth pace was the most rapid in 2021 with an increase of 11% against the previous year.
In value terms, exports of wadding; other articles thereof, of man-made fibreses dropped dramatically to $10M in 2022. Overall, exports saw a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, the exports reached the peak of $15M, and then fell dramatically in the following year.
| Export of Wadding; Other Articles Thereof, of Man-Made Fibres in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.9 | 8.2 | 9.9 | 7.1 | -10.5% |
| Bangladesh | 0.9 | 1.1 | 0.8 | 1.0 | 3.6% |
| Vietnam | 1.1 | 1.1 | 1.6 | 1.0 | -3.1% |
| Taiwan (Chinese) | 0.2 | 0.2 | 0.3 | 0.3 | 14.5% |
| Others | 0.8 | 1.6 | 2.8 | 0.9 | 4.0% |
| Total | 12.8 | 12.1 | 15.3 | 10.3 | -7.0% |
Top Export Markets for Wadding; Other Articles Thereof, of Man-Made Fibres from Hong Kong SAR in 2022:
- China (885.7 tons)
- Bangladesh (79.8 tons)
- Vietnam (77.6 tons)
- Taiwan (Chinese) (25.5 tons)
Imports of Wadding; Other Articles Thereof, of Man-Made Fibres in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas purchases of wadding; other articles thereof, of man-made fibreses, which decreased by -29.6% to 944 tons in 2022. Over the period under review, imports showed a sharp reduction. The smallest decline of -18.4% was in 2021.
In value terms, imports of wadding; other articles thereof, of man-made fibreses rose significantly to $10M in 2022. In general, imports recorded a deep setback.
| Import of Wadding; Other Articles Thereof, of Man-Made Fibres in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.8 | 2.9 | 2.7 | 3.9 | -6.7% |
| South Korea | 2.3 | 1.2 | 1.3 | 2.6 | 4.2% |
| Vietnam | 0.4 | 0.8 | 1.4 | 1.0 | 35.7% |
| Thailand | 3.0 | 2.3 | 1.5 | 0.9 | -33.1% |
| Japan | 1.1 | 1.0 | 0.9 | 0.6 | -18.3% |
| Taiwan (Chinese) | 0.8 | 0.6 | 0.7 | 0.4 | -20.6% |
| Indonesia | 0.6 | 0.3 | N/A | 0.1 | -45.0% |
| Others | 0.8 | 1.4 | 0.8 | 0.7 | -4.4% |
| Total | 13.7 | 10.5 | 9.4 | 10.0 | -10.0% |
Top Suppliers of Wadding; Other Articles Thereof, of Man-Made Fibres to Hong Kong SAR in 2022:
- China (336.5 tons)
- Taiwan (Chinese) (219.6 tons)
- South Korea (159.9 tons)
- Thailand (98.7 tons)
- Vietnam (79.3 tons)
- Japan (15.9 tons)
- Indonesia (8.8 tons)
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