Hong Kong SAR, China - Woven Woolen Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWoolen Fabric Price in Hong Kong SAR - 2023
Contents:
- Woolen Fabric Price in Hong Kong SAR (CIF) - 2023
- Woolen Fabric Price in Hong Kong SAR (FOB) - 2023
- Woolen Fabric Imports in Hong Kong SAR
- Woolen Fabric Exports in Hong Kong SAR
Woolen Fabric Price in Hong Kong SAR (CIF) - 2023
In June 2023, the average woolen fabric import price amounted to $20.5 per square meter, increasing by 37% against the previous month. Over the period under review, the import price recorded a mild increase. As a result, import price attained 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 June 2023, the country with the highest price was the UK ($56.7 per square meter), while the price for China ($21.3 per square meter) was amongst the lowest.
From September 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Ireland (+15.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Woolen Fabric Price in Hong Kong SAR (FOB) - 2023
In June 2023, the average woolen fabric export price amounted to $10.7 per square meter, which is down by -1.5% against the previous month. Over the period under review, the export price saw a slight decrease. The pace of growth appeared the most rapid in October 2022 an increase of 22% m-o-m. The export price peaked at $16.4 per square meter in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From September 2022 to June 2023, the rate of growth in terms of prices for China amounted to -0.0% per month.
Woolen Fabric Imports in Hong Kong SAR
Woolen fabric imports into Hong Kong SAR expanded notably to 3.4M square meters in 2022, rising by 6.6% on the previous year's figure. Overall, imports, however, showed a abrupt decrease. The pace of growth appeared the most rapid in 2021 with an increase of 14%. Imports peaked at 5.7M square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, woolen fabric imports rose sharply to $58M in 2022. In general, imports, however, continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. Over the period under review, imports reached the peak figure at $83M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Woolen Fabric in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 52.5 | 24.3 | 35.8 | 44.0 | -5.7% |
| China | 13.6 | 10.7 | 9.8 | 5.0 | -28.4% |
| United Kingdom | 5.8 | 4.0 | 3.4 | 4.2 | -10.2% |
| Germany | 0.7 | 0.4 | 0.7 | 1.2 | 19.7% |
| Japan | 3.4 | 1.5 | 2.1 | 1.0 | -33.5% |
| Others | 6.9 | 3.5 | 3.1 | 2.4 | -29.7% |
| Total | 82.9 | 44.4 | 54.8 | 57.7 | -11.4% |
Top Suppliers of Woolen Fabric to Hong Kong SAR in 2022:
- Italy (2519.6K square meters)
- China (390.0K square meters)
- United Kingdom (215.0K square meters)
- Japan (124.7K square meters)
- Germany (57.2K square meters)
Woolen Fabric Exports in Hong Kong SAR
Woolen fabric exports from Hong Kong SAR reduced to 2M square meters in 2022, which is down by -9.6% against the previous year's figure. In general, exports saw a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 17% against the previous year. The exports peaked at 4.1M square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, woolen fabric exports dropped slightly to $28M in 2022. Overall, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 12%. The exports peaked at $47M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Woolen Fabric in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 42.2 | 23.9 | 27.0 | 26.6 | -14.3% |
| Pakistan | N/A | 0.2 | 0.1 | 0.1 | -29.3% |
| Vietnam | 2.4 | 0.4 | 0.4 | N/A | -59.2% |
| Others | 2.2 | 1.1 | 1.2 | 1.6 | -10.1% |
| Total | 46.8 | 25.6 | 28.6 | 28.3 | -15.4% |
Top Export Markets for Woolen Fabric from Hong Kong SAR in 2022:
- Vietnam (undefinedK square meters)
- China (1827.5K square meters)
- Pakistan (31.1K square meters)
This report provides an in-depth analysis of the woolen fabric 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 13201230 - Woven fabrics of carded wool or carded fine animal hair
- Prodcom 13201260 - Woven fabrics of combed wool or combed fine animal hair, w oven fabrics of coarse animal hair
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
-
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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