Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Hong Kong SAR - 2023
Contents:
- Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Hong Kong SAR (CIF) - 2023
- Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Hong Kong SAR (FOB) - 2023
- Imports of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Hong Kong SAR
- Exports of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Hong Kong SAR
Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Hong Kong SAR (CIF) - 2023
The average import price for woven fabrics of carded wool or of carded fine animal hair stood at $16.7 per square meter in November 2023, dropping by -35.9% against the previous month. In general, the import price saw a noticeable downturn. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 50% m-o-m. As a result, import price reached the peak level of $34.7 per square meter. From September 2023 to November 2023, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the UK ($177 per square meter), while the price for Japan ($4.0 per square meter) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the UK (+18.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Hong Kong SAR (FOB) - 2023
The average export price for woven fabrics of carded wool or of carded fine animal hair stood at $9.3 per square meter in November 2023, increasing by 18% against the previous month. Overall, the export price, however, recorded a abrupt descent. The pace of growth appeared the most rapid in August 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 $35.4 per square meter in November 2022; however, from December 2022 to November 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -11.3% per month.
Imports of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Hong Kong SAR
Imports of woven fabrics of carded wool or of carded fine animal hair into Hong Kong SAR fell sharply to 561K square meters in 2022, declining by -27.6% on the previous year. In general, imports showed a dramatic curtailment. The pace of growth was the most pronounced in 2021 with an increase of 13% against the previous year. Over the period under review, imports of hit record highs at 1.4M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of woven fabrics of carded wool or of carded fine animal hair dropped to $13M in 2022. Overall, imports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Imports peaked at $21M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 15.3 | 6.1 | 8.4 | 8.9 | -16.5% |
| United Kingdom | 1.4 | 1.3 | 1.5 | 1.7 | 6.7% |
| China | 1.8 | 1.3 | 2.4 | 0.8 | -23.7% |
| Japan | 1.2 | 0.7 | 1.4 | 0.4 | -30.7% |
| Germany | 0.2 | 0.2 | N/A | 0.4 | 26.0% |
| Others | 1.0 | 0.5 | 0.8 | 0.5 | -20.6% |
| Total | 20.8 | 10.1 | 14.5 | 12.6 | -15.4% |
Top Suppliers of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair to Hong Kong SAR in 2022:
- Italy (345.2K square meters)
- United Kingdom (82.2K square meters)
- Japan (50.0K square meters)
- China (45.1K square meters)
- Germany (19.0K square meters)
Exports of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Hong Kong SAR
In 2022, approx. 269K square meters of woven fabrics of carded wool or of carded fine animal hair were exported from Hong Kong SAR; waning by -40.4% against the previous year's figure. In general, exports continue to indicate a sharp curtailment. The pace of growth was the most pronounced in 2021 with an increase of 15%. The exports peaked at 936K square meters in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of woven fabrics of carded wool or of carded fine animal hair declined dramatically to $5M in 2022. Over the period under review, exports faced a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 24% against the previous year. The exports peaked at $13M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Woven Fabrics of Carded Wool or of Carded Fine Animal Hair in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 12.6 | 5.3 | 6.5 | 4.7 | -28.0% |
| Pakistan | N/A | N/A | N/A | 0.1 | 0% |
| France | N/A | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.4 | 0.1 | 0.1 | 0.1 | -37.0% |
| Total | 13.0 | 5.4 | 6.7 | 5.0 | -27.3% |
Top Export Markets for Woven Fabrics of Carded Wool or of Carded Fine Animal Hair from Hong Kong SAR in 2022:
- China (213.5K square meters)
- Pakistan (28.5K square meters)
- France (13.6K square meters)
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