Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Hong Kong SAR - 2023
Contents:
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Hong Kong SAR (CIF) - 2022
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Hong Kong SAR (FOB) - 2022
- Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Hong Kong SAR
- Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Hong Kong SAR
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Hong Kong SAR (CIF) - 2022
The average import price for fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $9,823 per ton in 2022, picking up by 31% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 61% against the previous year. The import price peaked at $11,148 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($21,169 per ton), while the price for China stood at $7,559 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%).
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for fabrics; looped pile fabrics, of cotton, knitted or crocheted amounted to $8,461 per ton, picking up by 3.9% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 27% against the previous year. The export price peaked at $9,641 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($18,142 per ton), while the average price for exports to China ($4,822 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 the United States (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Hong Kong SAR
In 2022, imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted into Hong Kong SAR shrank dramatically to 86 tons, dropping by -71.6% against the previous year's figure. Overall, imports saw a significant contraction. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year.
In value terms, imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted declined significantly to $849K in 2022. Over the period under review, imports continue to indicate a precipitous descent. The growth pace was the most rapid in 2021 with an increase of 10% against the previous year.
| Import of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.4 | 1.9 | 2.1 | 0.6 | -51.9% |
| Japan | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 0.3 | N/A | 0.1 | 0.1 | -30.7% |
| Total | 5.7 | 2.1 | 2.3 | 0.8 | -48.0% |
Top Suppliers of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted to Hong Kong SAR in 2022:
- China (75.8 tons)
- Japan (9.4 tons)
Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Hong Kong SAR
Exports of fabrics; looped pile fabrics, of cotton, knitted or crocheted from Hong Kong SAR fell rapidly to 53 tons in 2022, which is down by -86.4% compared with 2021 figures. Over the period under review, exports recorded a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 121% against the previous year. As a result, the exports reached the peak of 389 tons, and then dropped markedly in the following year.
In value terms, exports of fabrics; looped pile fabrics, of cotton, knitted or crocheted fell sharply to $447K in 2022. In general, exports continue to indicate a significant decrease. The growth pace was the most rapid in 2021 with an increase of 86%. As a result, the exports attained the peak of $3.2M, and then fell dramatically in the following year.
| Export of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,506 | 188 | 159 | 176 | -51.1% |
| Vietnam | 497 | 773 | 831 | 168 | -30.3% |
| United States | 70.9 | 199 | 246 | 94.4 | 10.0% |
| Bangladesh | 41.0 | 480 | 1,753 | N/A | 553.9% |
| Others | 38.9 | 61.1 | 182 | 8.7 | -39.3% |
| Total | 2,154 | 1,700 | 3,170 | 447 | -40.8% |
Top Export Markets for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted from Hong Kong SAR in 2022:
- China (36.4 tons)
- Vietnam (10.6 tons)
- United States (5.2 tons)
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