Hong Kong SAR, China: Market for Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres 2023

Market Size for Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres in Hong Kong SAR, China

The Hong Kong market for bed linen of other woven textiles and non-woven man-made fibres declined to $X in 2021, which is down by -13% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a moderate increase. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market failed to regain momentum.

Exports of Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres

Exports from Hong Kong SAR, China

In 2021, exports of bed linen of other woven textiles and non-woven man-made fibres from Hong Kong SAR totaled X tons, growing by 3.1% compared with 2020 figures. Over the period under review, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2019 with an increase of 41% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, exports of bed linen of other woven textiles and non-woven man-made fibres totaled $X in 2021. Overall, exports, however, recorded a noticeable slump. The growth pace was the most rapid in 2019 with an increase of 94% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for exports of bed linen of other woven textiles and non-woven man-made fibres from Hong Kong SAR, accounting for a 49% share of total exports. Moreover, exports of bed linen of other woven textiles and non-woven man-made fibres to the United States exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was held by Macao SAR (X tons), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+4.8% per year) and Macao SAR (-4.4% per year).

In value terms, the United States ($X) remains the key foreign market for bed linen of other woven textiles and non-woven man-made fibres exports from Hong Kong SAR, comprising 44% of total exports. The second position in the ranking was held by China ($X), with an 11% share of total exports. It was followed by Macao SAR, with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+13.8% per year) and Macao SAR (-3.7% per year).

Export Prices by Country

The average export price for bed linen of other woven textiles and non-woven man-made fibres stood at $X per ton in 2021, reducing by -2.3% against the previous year. In general, the export price, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2020 an increase of 51%. As a result, the export price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably country of destination: the country with the highest price was Singapore ($X per ton), while the average price for exports to Guam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Bed Linen Of Other Woven Textiles And Non-Woven Man-Made Fibres

Imports into Hong Kong SAR, China

In 2021, the amount of bed linen of other woven textiles and non-woven man-made fibres imported into Hong Kong SAR reduced to X tons, with a decrease of -6.1% on the year before. Over the period under review, imports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 32% against the previous year. Over the period under review, imports of reached the peak figure at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, imports of bed linen of other woven textiles and non-woven man-made fibres fell to $X in 2021. Overall, imports recorded a slight reduction. The most prominent rate of growth was recorded in 2016 with an increase of 33%. Over the period under review, imports of reached the peak figure at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of bed linen of other woven textiles and non-woven man-made fibres to Hong Kong SAR, with a 90% share of total imports. Moreover, imports of bed linen of other woven textiles and non-woven man-made fibres from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -4.6%.

In value terms, China ($X) constituted the largest supplier of bed linen of other woven textiles and non-woven man-made fibres to Hong Kong SAR, comprising 86% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 5.4% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China was relatively modest.

Import Prices by Country

The average import price for bed linen of other woven textiles and non-woven man-made fibres stood at $X per ton in 2021, waning by -5.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2014 an increase of 35%. The import price peaked at $X per ton in 2020, and then reduced in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for the Netherlands totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+13.6%).

Source: IndexBox Market Intelligence Platform

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