Hong Kong SAR, China - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSynthetic Yarn Price in Hong Kong SAR - 2023
Contents:
- Synthetic Yarn Price in Hong Kong SAR (FOB) - 2023
- Synthetic Yarn Price in Hong Kong SAR (CIF) - 2023
- Synthetic Yarn Exports in Hong Kong SAR
- Synthetic Yarn Imports in Hong Kong SAR
Synthetic Yarn Price in Hong Kong SAR (FOB) - 2023
The average synthetic yarn export price stood at $7,643 per ton in August 2023, approximately equating the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2022 an increase of 47% against the previous month. Over the period under review, the average export prices attained the peak figure at $12,480 per ton in February 2023; however, from March 2023 to August 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($10,535 per ton), while the average price for exports to Indonesia ($6,357 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+0.9%), while the prices for the other major destinations experienced a decline.
Synthetic Yarn Price in Hong Kong SAR (CIF) - 2023
The average synthetic yarn import price stood at $7,866 per ton in August 2023, with an increase of 15% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The import price peaked at $11,177 per ton in February 2023; however, from March 2023 to August 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($27,378 per ton), while the price for Taiwan (Chinese) ($6,263 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Indonesia (-0.0%), while the prices for the other major suppliers experienced a decline.
Synthetic Yarn Exports in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of yarn of synthetic or artificial staple fibers, which decreased by -66.4% to 4.9K tons in 2022. Overall, exports continue to indicate a sharp contraction. The smallest decline of -18.6% was in 2021.
In value terms, synthetic yarn exports declined markedly to $40M in 2022. Over the period under review, exports saw a significant decrease. The smallest decline of -10.8% was in 2021.
| Export of Synthetic Yarn in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 195 | 106 | 94.4 | 29.8 | -46.5% |
| Vietnam | 6.5 | 9.4 | 6.3 | 5.2 | -7.2% |
| Cambodia | 3.7 | 9.1 | 10.2 | 2.6 | -11.1% |
| Others | 9.5 | 5.0 | 4.3 | 2.8 | -33.5% |
| Total | 215 | 129 | 115 | 40.4 | -42.7% |
Top Export Markets for Synthetic Yarn from Hong Kong SAR in 2022:
- China (3.9K tons)
- Vietnam (0.5K tons)
- Cambodia (0.3K tons)
Synthetic Yarn Imports in Hong Kong SAR
In 2022, the amount of yarn of synthetic or artificial staple fibers imported into Hong Kong SAR plummeted to 4.7K tons, which is down by -67.8% compared with the previous year. Over the period under review, imports faced a precipitous contraction. The smallest decline of -17.5% was in 2021.
In value terms, synthetic yarn imports contracted sharply to $38M in 2022. Overall, imports continue to indicate a dramatic curtailment. The smallest decline of -10% was in 2021.
| Import of Synthetic Yarn in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 173 | 96.2 | 87.0 | 22.7 | -49.2% |
| Indonesia | 13.8 | 11.5 | 12.2 | 9.3 | -12.3% |
| Italy | 6.4 | 4.7 | 3.9 | 3.4 | -19.0% |
| Taiwan (Chinese) | 5.5 | 2.1 | 2.2 | 0.8 | -47.4% |
| Vietnam | 8.4 | 8.7 | 5.8 | 0.3 | -67.1% |
| Others | 5.9 | 2.1 | 1.8 | 1.5 | -36.7% |
| Total | 213 | 125 | 113 | 38.0 | -43.7% |
Top Suppliers of Synthetic Yarn to Hong Kong SAR in 2022:
- China (3021.7 tons)
- Indonesia (1393.9 tons)
- Italy (123.9 tons)
- Taiwan (Chinese) (53.2 tons)
- Vietnam (20.5 tons)
This report provides an in-depth analysis of the synthetic yarn market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13108210 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, n.p.r.s.
- Prodcom 13108250 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, p.r.s.
- Prodcom 13108320 - Yarn containing < .85 % by weight of polyester staple fibres (other than sewing thread), mixed with artificial fibres, n.p.r.s.
- Prodcom 13108340 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), mixed with cotton, n.p.r.s.
- Prodcom 13108380 - Other yarns, containing < .85 % by weight of synthetic staple fibres (other than sewing thread), n.p.r.s., n.e.c.
- Prodcom 13108390 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), p.r.s.
- Prodcom 131083Z0 - Yarn of synthetic staple fibres mixed with wool, n.p.r.s
- Prodcom 13108410 - Yarn (other than sewing thread) of artificial staple fibres, n .p.r.s.
- Prodcom 13108430 - Yarn (other than sewing thread) of artificial staple fibres, p.r.s.
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This report provides an in-depth analysis of the synthetic yarn market in Hong Kong SAR, China.
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This report provides an in-depth analysis of the global synthetic yarn market.
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This report provides an in-depth analysis of the synthetic yarn market in Hong Kong SAR, China.
1267
This report provides an in-depth analysis of the global synthetic yarn market.
72
Explore the top import markets for synthetic yarn based on data from IndexBox. Discover the key players and growth opportunities in the global synthetic yarn market.
689
In value terms, synthetic monofilament imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern remained consis...
1137
In value terms, synthetic monofilament exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern...
1413
In 2016, the amount of synthetic yarn imported worldwide amounted to X tons, falling by -X% against the previous year level. Overall, synthetic yarn imports continue to indicate a relatively fl...
834
In 2016, the amount of synthetic yarn imported worldwide amounted to X tons, falling by -X% against the previous year level. Overall, synthetic yarn imports continue to indicate a relatively fl...
72
Explore the top import markets for synthetic yarn based on data from IndexBox. Discover the key players and growth opportunities in the global synthetic yarn market.
689
In value terms, synthetic monofilament imports stood at $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; however, the trend pattern remained consis...
1137
In value terms, synthetic monofilament exports stood at $X in 2016. The total export value increased at an average annual rate of +X% over the period from 2007 to 2016; however, the trend pattern...
1413
In 2016, the amount of synthetic yarn imported worldwide amounted to X tons, falling by -X% against the previous year level. Overall, synthetic yarn imports continue to indicate a relatively fl...
834
In 2016, the amount of synthetic yarn imported worldwide amounted to X tons, falling by -X% against the previous year level. Overall, synthetic yarn imports continue to indicate a relatively fl...
