Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hong Kong SAR - 2024

Contents:

1. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hong Kong SAR (CIF) - 2022
2. Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hong Kong SAR (FOB) - 2022
3. Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hong Kong SAR
4. Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hong Kong SAR

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hong Kong SAR (CIF) - 2022

The average import price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $1.4 per square meter in 2022, rising by 9% against the previous year. Overall, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 106% against the previous year. The import price peaked in 2022 and is likely to see steady 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 Japan ($11 per square meter), while the price for China ($0.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+15.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hong Kong SAR (FOB) - 2022

The average export price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $8.6 per square meter in 2022, with an increase of 42% against the previous year. In general, the export price recorded a significant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 94%. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was China ($9.1 per square meter), while the average price for exports to Macao SAR ($0.3 per square meter) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+27.1%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hong Kong SAR

In 2022, after two years of decline, there was significant growth in overseas purchases of fabrics, woven; from strip or the like, of synthetic textile materialses, when their volume increased by 55% to 4.8M square meters. Over the period under review, imports, however, saw a abrupt contraction. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses attained the maximum at 6M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses skyrocketed to $6.8M in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +20.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +74.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to Hong Kong SAR in 2022:

1. Taiwan (Chinese) (2146.8K square meters)
2. China (1838.7K square meters)
3. South Korea (426.0K square meters)
4. Belgium (185.3K square meters)
5. Japan (83.5K square meters)

Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in Hong Kong SAR

Exports of fabrics, woven; from strip or the like, of synthetic textile materialses from Hong Kong SAR expanded slightly to 554K square meters in 2022, with an increase of 2.1% compared with the previous year's figure. Overall, exports, however, recorded a significant decrease. The most prominent rate of growth was recorded in 2020 when exports increased by 14% against the previous year. As a result, the exports attained the peak of 1.3M square meters. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses skyrocketed to $4.8M in 2022. Over the period under review, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 121%. The exports peaked in 2022 and are likely to see steady growth in the near future.

Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from Hong Kong SAR in 2022:

1. China (520.0K square meters)
2. United States (19.0K square meters)
3. Macao SAR (5.3K square meters)

Source: IndexBox Market Intelligence Platform