Hong Kong SAR, China: Spun Yarn Market 2021

Spun Yarn Market Size in Hong Kong SAR, China

The Hong Kong spun yarn market soared to $X in 2019, increasing by X% 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, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. As a result, consumption reached the peak level of $X. From 2012 to 2019, the growth of the market failed to regain the momentum.

Spun Yarn Exports

Exports from Hong Kong SAR, China

In 2019, the amount of yarn spun from silk waste exported from Hong Kong SAR dropped rapidly to X tons, with a decrease of -X% on 2018 figures. Over the period under review, exports recorded a precipitous shrinkage. The pace of growth appeared the most rapid in 2012 with an increase of X% against the previous year. Exports peaked at X tons in 2007; however, from 2008 to 2019, exports remained at a lower figure.

In value terms, spun yarn exports shrank dramatically to $X in 2019. In general, exports recorded a precipitous slump. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, exports hit record highs at $X in 2007; however, from 2008 to 2019, exports failed to regain the momentum.

Exports by Country

China (X tons) was the main destination for spun yarn exports from Hong Kong SAR, with a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to China stood at -X%.

In value terms, China ($X) also remains the key foreign market for spun yarn exports from Hong Kong SAR.

From 2007 to 2019, the average annual growth rate of value to China totaled -X%.

Export Prices by Country

In 2019, the average spun yarn export price amounted to $X per ton, surging by X% against the previous year. Over the period under review, the export price saw buoyant growth. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, export price attained the peak level of $X per ton. From 2014 to 2019, the growth in terms of the average 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 2007 to 2019, the rate of growth in terms of prices for China amounted to +X% per year.

Spun Yarn Imports

Imports into Hong Kong SAR, China

Spun yarn imports into Hong Kong SAR shrank to X tons in 2019, with a decrease of -X% compared with the year before. In general, imports showed a precipitous descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports reached the maximum at X tons in 2007; however, from 2008 to 2019, imports remained at a lower figure.

In value terms, spun yarn imports reduced to $X in 2019. Over the period under review, imports continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2014 when imports increased by X% y-o-y. Imports peaked at $X in 2007; however, from 2008 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, China (X tons) constituted the largest supplier of spun yarn to Hong Kong SAR, with a X% share of total imports. Moreover, spun yarn imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fivefold.

From 2007 to 2019, the average annual rate of growth in terms of volume from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Japan (-X% per year).

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

From 2007 to 2019, the average annual rate of growth in terms of value from China stood at -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-X% per year) and Japan (-X% per year).

Import Prices by Country

The average spun yarn import price stood at $X per ton in 2019, dropping by -X% against the previous year. Over the period under review, import price indicated notable growth from 2007 to 2019: its price increased at an average annual rate of +X% over the last twelve-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2019 figures, spun yarn import price decreased by -X% against 2016 indices. The most prominent rate of growth was recorded in 2011 an increase of X% year-to-year. Over the period under review, average import prices reached the maximum at $X per ton in 2016; however, from 2017 to 2019, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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