Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Hong Kong SAR - 2023
Contents:
- Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Hong Kong SAR (CIF) - 2023
- Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Hong Kong SAR (FOB) - 2023
- Imports of Yarn of Carded Wool, Not Put Up for Retail Sale in Hong Kong SAR
- Exports of Yarn of Carded Wool, Not Put Up for Retail Sale in Hong Kong SAR
Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for yarn of carded wool, not put up for retail sale amounted to $33,554 per ton, reducing by -18.8% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in October 2023 an increase of 48% m-o-m. The import price peaked at $46,498 per ton in January 2023; however, from February 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($106K per ton), while the price for Italy ($32,722 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by South Korea (+9.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Yarn of Carded Wool, Not Put Up for Retail Sale in Hong Kong SAR (FOB) - 2023
In November 2023, the average export price for yarn of carded wool, not put up for retail sale amounted to $20,008 per ton, growing by 9.1% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 89% against the previous month. Over the period under review, the average export prices reached the maximum at $46,051 per ton in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Macao SAR ($46,958 per ton), while the average price for exports to Vietnam ($16,690 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+0.9%), while the prices for the other major destinations experienced a decline.
Imports of Yarn of Carded Wool, Not Put Up for Retail Sale in Hong Kong SAR
In 2022, approx. 1.2K tons of yarn of carded wool, not put up for retail sale were imported into Hong Kong SAR; waning by -39.1% on the year before. Overall, imports recorded a sharp shrinkage. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year.
In value terms, imports of yarn of carded wool, not put up for retail sale shrank sharply to $37M in 2022. In general, imports saw a sharp descent. The growth pace was the most rapid in 2021 with an increase of 26%.
| Import of Yarn of Carded Wool, Not Put Up for Retail Sale in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 23.7 | 11.4 | 15.7 | 19.3 | -6.6% |
| China | 49.5 | 29.3 | 35.6 | 15.2 | -32.5% |
| United Kingdom | 0.7 | 0.5 | 0.6 | 0.8 | 4.6% |
| Others | 1.9 | 0.9 | 0.9 | 2.0 | 1.7% |
| Total | 75.8 | 42.1 | 52.9 | 37.3 | -21.1% |
Top Suppliers of Yarn of Carded Wool, Not Put Up for Retail Sale to Hong Kong SAR in 2022:
- China (663.5 tons)
- Italy (436.2 tons)
- United Kingdom (22.0 tons)
Exports of Yarn of Carded Wool, Not Put Up for Retail Sale in Hong Kong SAR
Exports of yarn of carded wool, not put up for retail sale from Hong Kong SAR fell rapidly to 783 tons in 2022, with a decrease of -38.9% compared with the previous year's figure. Over the period under review, exports continue to indicate a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 2.4%.
In value terms, exports of yarn of carded wool, not put up for retail sale declined rapidly to $21M in 2022. Overall, exports continue to indicate a significant decline. The pace of growth appeared the most rapid in 2021 when exports increased by 6.8%.
| Export of Yarn of Carded Wool, Not Put Up for Retail Sale in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.1 | 17.6 | 19.0 | 12.1 | -26.2% |
| Macao SAR | N/A | N/A | 0.5 | 3.6 | 620.0% |
| Vietnam | 7.4 | 5.1 | 4.9 | 3.4 | -22.8% |
| Bangladesh | 6.2 | 1.0 | 0.9 | 1.6 | -36.3% |
| Others | 1.4 | 0.5 | 0.6 | 0.7 | -20.6% |
| Total | 45.2 | 24.3 | 25.9 | 21.4 | -22.1% |
Top Export Markets for Yarn of Carded Wool, Not Put Up for Retail Sale from Hong Kong SAR in 2022:
- China (409.9 tons)
- Vietnam (180.6 tons)
- Bangladesh (79.1 tons)
- Macao SAR (76.3 tons)
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This report provides an in-depth analysis of the woolen yarn market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the woolen yarn market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global woolen yarn market.
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