Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Hong Kong SAR - 2024
Contents:
- Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Hong Kong SAR (CIF) - 2024
- Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Hong Kong SAR (FOB) - 2024
- Imports of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Hong Kong SAR
- Exports of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Hong Kong SAR
Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Hong Kong SAR (CIF) - 2024
The average import price for fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses stood at $17.6 per square meter in March 2024, with a decrease of -14.9% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 an increase of 31% m-o-m. As a result, import price attained the peak level of $21.2 per square meter. From December 2023 to March 2024, the average import prices remained at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In March 2024, the country with the highest price was Indonesia ($30.7 per square meter), while the price for the United States ($4.5 per square meter) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Indonesia (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Hong Kong SAR (FOB) - 2024
In March 2024, the average export price for fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses amounted to $13.7 per square meter, waning by -34.7% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 an increase of 15% month-to-month. The export price peaked at $20.9 per square meter in February 2024, and then declined remarkably in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Romania ($49.0 per square meter), while the average price for exports to the United Arab Emirates ($3.8 per square meter) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to Romania (+19.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Hong Kong SAR
Imports of fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses into Hong Kong SAR declined markedly to 15M square meters in 2022, with a decrease of -34.2% compared with the previous year. Over the period under review, imports showed a sharp shrinkage. The smallest decline of -20% was in 2021. Imports peaked at 41M square meters in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses reduced remarkably to $44M in 2022. In general, imports continue to indicate a dramatic slump. The smallest decline of -1.2% was in 2021. Over the period under review, imports of hit record highs at $86M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 20.1 | 17.3 | 17.2 | 9.1 | -23.2% |
| South Korea | 23.4 | 11.6 | 8.0 | 8.6 | -28.4% |
| Japan | 7.7 | 4.4 | 5.5 | 7.8 | 0.4% |
| China | 18.7 | 12.3 | 10.5 | 6.3 | -30.4% |
| Vietnam | 4.7 | 4.5 | 4.4 | 3.1 | -13.0% |
| Indonesia | 2.4 | 1.0 | 2.1 | 1.7 | -10.9% |
| Thailand | 1.0 | 0.3 | 0.6 | 1.2 | 6.3% |
| Others | 7.8 | 5.0 | 7.4 | 5.8 | -9.4% |
| Total | 85.9 | 56.4 | 55.7 | 43.7 | -20.2% |
Top Suppliers of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments to Hong Kong SAR in 2022:
- Taiwan (Chinese) (3.5M square meters)
- China (2.8M square meters)
- South Korea (2.4M square meters)
- Japan (1.7M square meters)
- Vietnam (1.4M square meters)
- Indonesia (0.9M square meters)
- Thailand (0.8M square meters)
Exports of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Hong Kong SAR
In 2022, exports of fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses from Hong Kong SAR fell notably to 16M square meters, reducing by -38.4% against 2021 figures. Overall, exports showed a sharp decrease. The smallest decline of -18.6% was in 2021. Over the period under review, the exports of reached the peak figure at 41M square meters in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of fabrics, woven; containing 85% or more by weight of non-textured polyester filamentses fell sharply to $43M in 2022. Over the period under review, exports recorded a dramatic contraction. The smallest decline of -2.7% was in 2021. Over the period under review, the exports of hit record highs at $85M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 74.5 | 52.6 | 50.0 | 33.8 | -23.2% |
| Vietnam | 1.9 | 1.2 | 2.0 | 2.1 | 3.4% |
| Bangladesh | 1.0 | 0.2 | 0.6 | 0.9 | -3.5% |
| Cambodia | 0.7 | 0.9 | 2.0 | 0.7 | 0.0% |
| Myanmar | 1.4 | 1.9 | 0.7 | N/A | -29.3% |
| Others | 5.7 | 4.0 | 3.8 | 5.0 | -4.3% |
| Total | 85.2 | 60.8 | 59.1 | 42.6 | -20.6% |
Top Export Markets for Fabrics, Woven; Containing 85% or More by Weight of Non-Textured Polyester Filaments from Hong Kong SAR in 2022:
- China (11.6M square meters)
- Bangladesh (1.0M square meters)
- Vietnam (0.8M square meters)
- Cambodia (0.3M square meters)
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This report provides an in-depth analysis of the man-made filament fabric market in Hong Kong SAR, China.
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