Hong Kong SAR, China: Textile Tubing Market 2022

Textile Tubing Market Size in Hong Kong SAR, China

In 2021, the Hong Kong textile tubing market decreased by -X% to $X, falling for the second year in a row after two years of growth. Over the period under review, consumption faced a drastic downturn. Textile tubing consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Textile Tubing Production in Hong Kong SAR, China

In value terms, textile tubing production soared to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt descent. Textile tubing production peaked at $X in 2016; however, from 2017 to 2021, production stood at a somewhat lower figure.

Textile Tubing Exports

Exports from Hong Kong SAR, China

In 2021, the amount of textile hosepiping and similar textile tubing exported from Hong Kong SAR declined markedly to X tons, with a decrease of -X% on the previous year. Over the period under review, exports continue to indicate a deep setback. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, textile tubing exports contracted rapidly to $X in 2021. Overall, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for textile tubing exports from Hong Kong SAR, with a X% share of total exports. Moreover, textile tubing exports to the United States exceeded the volume sent to the second major destination, China (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-X% per year) and Malaysia (+X% per year).

In value terms, China ($X), the United States ($X) and Malaysia ($X) appeared to be the largest markets for textile tubing exported from Hong Kong SAR worldwide.

Among the main countries of destination, Malaysia, 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 mixed trend patterns.

Export Prices by Country

In 2021, the average textile tubing export price amounted to $X per ton, dropping by -X% against the previous year. In general, the export price, however, showed notable growth. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was China ($X per ton), while the average price for exports to the United States ($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 China (+X%), while the prices for the other major destinations experienced a decline.

Textile Tubing Imports

Imports into Hong Kong SAR, China

After four years of growth, supplies from abroad of textile hosepiping and similar textile tubing decreased by -X% to X tons in 2021. Over the period under review, imports showed a significant contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2020, and then shrank markedly in the following year.

In value terms, textile tubing imports reduced markedly to $X in 2021. Overall, imports saw a significant curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United States (X tons) constituted the largest textile tubing supplier to Hong Kong SAR, with a X% share of total imports. Moreover, textile tubing imports from the United States exceeded the figures recorded by the second-largest supplier, China (X tons), twofold.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and the UK (-X% per year).

In value terms, the United States ($X) constituted the largest supplier of textile tubing to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2012 to 2021, the average annual growth rate of value from the United States stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-X% per year) and the UK (-X% per year).

Import Prices by Country

In 2021, the average textile tubing import price amounted to $X per ton, with a decrease of -X% against the previous year. In general, the import price continues to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform