Price for Braids; in the Piece in Hong Kong SAR - 2023
Contents:
- Price for Braids; in the Piece in Hong Kong SAR (FOB) - 2023
- Price for Braids; in the Piece in Hong Kong SAR (CIF) - 2022
- Exports of Braids; in the Piece in Hong Kong SAR
- Imports of Braids; in the Piece in Hong Kong SAR
Price for Braids; in the Piece in Hong Kong SAR (FOB) - 2023
In June 2023, the average braids; in the piece export price amounted to $26,909 per ton, with an increase of 8.6% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in July 2022 when the average export price increased by 20% against the previous month. Over the period under review, the average export prices hit record highs at $36,631 per ton in December 2022; however, from January 2023 to June 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the Philippines ($36,504 per ton), while the average price for exports to the United States ($7,249 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+2.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Braids; in the Piece in Hong Kong SAR (CIF) - 2022
In 2022, the average braids; in the piece import price amounted to $18,420 per ton, surging by 28% against the previous year. Over the period under review, the import price recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 87%. The import price peaked in 2022 and is likely to continue growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($38,495 per ton), while the price for China amounted to $17,610 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Braids; in the Piece in Hong Kong SAR
In 2022, overseas shipments of braids; in the pieces were finally on the rise to reach 145 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +8.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, braids; in the piece exports skyrocketed to $4.3M in 2022. Overall, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Braids; in the Piece in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,284 | 1,293 | 1,108 | 1,992 | 15.8% |
| Indonesia | 233 | 150 | 146 | 548 | 33.0% |
| China | 382 | 303 | 292 | 403 | 1.8% |
| Philippines | 332 | 230 | 332 | 392 | 5.7% |
| Cambodia | 163 | 124 | 182 | 260 | 16.8% |
| Myanmar | 6.8 | N/A | 2.2 | 77.1 | 124.7% |
| United States | 47.7 | 44.5 | 75.6 | 71.6 | 14.5% |
| Malaysia | 115 | 108 | 16.1 | 24.7 | -40.1% |
| Jordan | 163 | 55.8 | 36.3 | 18.3 | -51.8% |
| United Kingdom | 38.7 | 28.3 | 24.3 | 12.8 | -30.8% |
| Others | 400 | 438 | 522 | 481 | 6.3% |
| Total | 3,165 | 2,774 | 2,736 | 4,281 | 10.6% |
Top Export Markets for Braids; in the Piece from Hong Kong SAR in 2022:
- Vietnam (54.5 tons)
- China (22.3 tons)
- Indonesia (15.8 tons)
- Philippines (11.5 tons)
- United States (9.8 tons)
- Cambodia (7.6 tons)
- Myanmar (7.0 tons)
- United Kingdom (1.4 tons)
- Malaysia (0.6 tons)
- Jordan (0.5 tons)
Imports of Braids; in the Piece in Hong Kong SAR
Braids; in the piece imports into Hong Kong SAR rose slightly to 120 tons in 2022, surging by 3.9% against the previous year. In general, imports, however, saw a pronounced shrinkage. The growth pace was the most rapid in 2021 when imports increased by 29%.
In value terms, braids; in the piece imports soared to $2.2M in 2022. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Over the period under review, braids; in piece imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.
| Import of Braids; in the Piece in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,077 | 1,017 | 1,287 | 2,016 | 23.2% |
| United States | 21.6 | 138 | 315 | 160 | 94.9% |
| Taiwan (Chinese) | 27.5 | 21.0 | 12.1 | N/A | -33.7% |
| Others | 74.4 | 11.7 | 39.4 | 26.4 | -29.2% |
| Total | 1,200 | 1,188 | 1,653 | 2,203 | 22.4% |
Top Suppliers of Braids; in the Piece to Hong Kong SAR in 2022:
- China (114.5 tons)
- United States (4.1 tons)
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