Hong Kong SAR, China: Jersey Market 2024

Jersey Market Size in Hong Kong SAR, China

In 2022, the Hong Kong jersey market increased by X% to $X, rising for the fourth consecutive year after two years of decline. In general, consumption showed a buoyant increase. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Jersey Exports

Exports from Hong Kong SAR, China

Jersey exports from Hong Kong SAR declined rapidly to X units in 2022, with a decrease of X% on 2021 figures. Overall, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, jersey exports fell significantly to $X in 2022. Over the period under review, exports recorded a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for jersey exports from Hong Kong SAR, with a X% share of total exports. Moreover, jersey exports to the United States exceeded the volume sent to the second major destination, Japan (X units), twofold. The third position in this ranking was taken by China (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and China (X% per year).

In value terms, the largest markets for jersey exported from Hong Kong SAR were the United States ($X), China ($X) and Japan ($X), with a combined X% share of total exports. South Korea, Macao SAR, Australia, the UK, Germany, Taiwan (Chinese), Canada, the Netherlands, France and Mexico lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Macao SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average jersey export price amounted to $X per unit, surging by X% against the previous year. Over the period under review, the export price saw a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($X per unit), while the average price for exports to Mexico ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Jersey Imports

Imports into Hong Kong SAR, China

Jersey imports into Hong Kong SAR declined notably to X units in 2022, shrinking by X% against the previous year. Over the period under review, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, jersey imports fell notably to $X in 2022. In general, imports faced a deep slump. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of jersey to Hong Kong SAR, with a X% share of total imports. Moreover, jersey imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), more than tenfold. Bangladesh (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Bangladesh (X% per year).

In value terms, China ($X) constituted the largest supplier of jerseys, pullovers, cardigans and similar articles to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by Vietnam, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and Vietnam (X% per year).

Import Prices by Country

The average jersey import price stood at $X per unit in 2022, with an increase of X% against the previous year. Overall, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, jersey import price increased by X% against 2012 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :