Price for Woven Fabrics of Artificial Staple Fibres in Hong Kong SAR - 2023
Contents:
- Price for Woven Fabrics of Artificial Staple Fibres in Hong Kong SAR (CIF) - 2023
- Price for Woven Fabrics of Artificial Staple Fibres in Hong Kong SAR (FOB) - 2023
- Imports of Woven Fabrics of Artificial Staple Fibres in Hong Kong SAR
- Exports of Woven Fabrics of Artificial Staple Fibres in Hong Kong SAR
Price for Woven Fabrics of Artificial Staple Fibres in Hong Kong SAR (CIF) - 2023
In October 2023, the average import price for woven fabrics of artificial staple fibres amounted to $4.1 per square meter, surging by 49% against the previous month. Overall, the import price, however, continues to indicate a slight contraction. The import price peaked at $5.8 per square meter in December 2022; however, from January 2023 to October 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Italy ($11.6 per square meter), while the price for South Korea ($1.7 per square meter) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Singapore (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Woven Fabrics of Artificial Staple Fibres in Hong Kong SAR (FOB) - 2023
The average export price for woven fabrics of artificial staple fibres stood at $3.4 per square meter in October 2023, surging by 25% against the previous month. Over the period under review, the export price, however, recorded a slight downturn. The pace of growth appeared the most rapid in February 2023 an increase of 49% month-to-month. The export price peaked at $6.9 per square meter in December 2022; however, from January 2023 to October 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In October 2023, the country with the highest price was China ($6.0 per square meter), while the average price for exports to Bangladesh ($1.5 per square meter) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+3.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Woven Fabrics of Artificial Staple Fibres in Hong Kong SAR
In 2022, imports of woven fabrics of artificial staple fibres into Hong Kong SAR contracted notably to 372K square meters, shrinking by -62% compared with 2021. Overall, imports showed a precipitous contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 0.3%. Imports peaked at 2.8M square meters in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of woven fabrics of artificial staple fibres declined significantly to $8.7M in 2022. In general, imports showed a precipitous descent. The pace of growth appeared the most rapid in 2021 with an increase of 1.5%. Imports peaked at $31M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Woven Fabrics of Artificial Staple Fibres in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.5 | 7.0 | 6.8 | 2.4 | -49.4% |
| Italy | 4.3 | 2.3 | 2.8 | 2.0 | -22.5% |
| Japan | 2.3 | 2.5 | 2.1 | 1.6 | -11.4% |
| South Korea | 1.1 | 0.7 | 0.9 | 1.0 | -3.1% |
| Turkey | 2.4 | 1.1 | 1.0 | 0.8 | -30.7% |
| Taiwan (Chinese) | 0.5 | 0.2 | 0.2 | 0.2 | -26.3% |
| Spain | 0.4 | 0.3 | 0.3 | 0.1 | -37.0% |
| Others | 2.0 | 0.6 | 0.8 | 0.7 | -29.5% |
| Total | 31.4 | 14.7 | 14.9 | 8.7 | -34.8% |
Top Suppliers of Woven Fabrics of Artificial Staple Fibres to Hong Kong SAR in 2022:
- China (170.3K square meters)
- Japan (48.3K square meters)
- South Korea (43.2K square meters)
- Turkey (41.9K square meters)
- Italy (32.7K square meters)
- Taiwan (Chinese) (9.9K square meters)
- Spain (7.7K square meters)
Exports of Woven Fabrics of Artificial Staple Fibres in Hong Kong SAR
In 2022, approx. 305K square meters of woven fabrics of artificial staple fibres were exported from Hong Kong SAR; falling by -64.2% on the year before. In general, exports continue to indicate a significant decrease. The growth pace was the most rapid in 2021 when exports increased by 3%. Over the period under review, the exports of attained the maximum at 2.7M square meters in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of woven fabrics of artificial staple fibres declined rapidly to $6.5M in 2022. Over the period under review, exports saw a dramatic setback. The smallest decline of -2.9% was in 2021. The exports peaked at $30M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Woven Fabrics of Artificial Staple Fibres in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 14.4 | 8.8 | 8.3 | 4.9 | -30.2% |
| Bangladesh | 3.0 | 0.7 | 1.3 | 0.8 | -35.6% |
| Sri Lanka | 1.0 | 0.9 | 0.5 | 0.3 | -33.1% |
| Indonesia | 6.9 | 0.7 | 1.2 | 0.1 | -75.6% |
| Cambodia | 0.7 | 1.5 | 0.7 | 0.1 | -47.7% |
| Vietnam | 2.5 | 0.6 | 1.0 | 0.1 | -65.8% |
| Others | 1.0 | 0.5 | 0.4 | 0.1 | -53.6% |
| Total | 29.6 | 13.7 | 13.3 | 6.5 | -39.7% |
Top Export Markets for Woven Fabrics of Artificial Staple Fibres from Hong Kong SAR in 2022:
- China (190.7K square meters)
- Bangladesh (54.9K square meters)
- Sri Lanka (28.8K square meters)
- Indonesia (9.7K square meters)
- Cambodia (6.8K square meters)
- Vietnam (6.5K square meters)
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