Hong Kong SAR, China: Textile Tubing Market 2023

Textile Tubing Market Size in Hong Kong SAR, China

The Hong Kong textile tubing market declined slightly to $X in 2022, waning by -4.1% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Textile Tubing Production in Hong Kong SAR, China

In value terms, textile tubing production fell to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 21%. Textile tubing production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Textile Tubing Exports

Exports from Hong Kong SAR, China

For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of textile hosepiping and similar textile tubing, which decreased by -6.6% to X tons in 2022. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 when exports increased by 1,107%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, textile tubing exports expanded sharply to $X in 2022. In general, exports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 359% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X kg), the United Arab Emirates (X kg) and China (X kg) were the main destinations of textile tubing exports from Hong Kong SAR, with a combined 95% share of total exports. These countries were followed by Germany, which accounted for a further 4.2%.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +21.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for textile hosepiping and similar textile tubing exports from Hong Kong SAR, comprising 52% of total exports. The second position in the ranking was taken by the United States ($X), with an 18% share of total exports. It was followed by the United Arab Emirates, with a 16% share.

From 2012 to 2022, the average annual growth rate of value to China totaled -18.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.4% per year) and the United Arab Emirates (-9.5% per year).

Export Prices by Country

The average textile tubing export price stood at $X per ton in 2022, growing by 13% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 87% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.2%), while the prices for the other major destinations experienced mixed trend patterns.

Textile Tubing Imports

Imports into Hong Kong SAR, China

In 2022, textile tubing imports into Hong Kong SAR shrank markedly to X tons, which is down by -45.4% on 2021 figures. In general, imports showed a precipitous descent. The growth pace was the most rapid in 2013 with an increase of 137% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, textile tubing imports skyrocketed to $X in 2022. Over the period under review, imports showed a slight decline. The pace of growth appeared the most rapid in 2013 when imports increased by 228%. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X tons), the United States (X kg) and China (X kg) were the main suppliers of textile tubing imports to Hong Kong SAR, together accounting for 94% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +3.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest textile tubing suppliers to Hong Kong SAR were the United States ($X), the UK ($X) and France ($X), with a combined 98% share of total imports.

France, with a CAGR of +35.8%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average textile tubing import price amounted to $X per ton, picking up by 120% against the previous year. In general, the import price continues to indicate significant growth. The pace of growth was the most pronounced in 2018 when the average import price increased by 211%. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 France ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+32.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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