Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Hong Kong SAR - 2023
Contents:
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Hong Kong SAR (CIF) - 2022
- Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Hong Kong SAR (FOB) - 2022
- Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Hong Kong SAR
- Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Hong Kong SAR
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Hong Kong SAR (CIF) - 2022
The average import price for fibres; synthetic filament tow, acrylic or modacrylics stood at $1,443 per ton in 2022, with an increase of 122% against the previous year. In general, the import price, however, showed a abrupt slump. Over the period under review, average import prices attained the peak figure at $12,503 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
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 the United States ($9,551 per ton), while the price for Taiwan (Chinese) ($985 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Hong Kong SAR (FOB) - 2022
The average export price for fibres; synthetic filament tow, acrylic or modacrylics stood at $1,589 per ton in 2022, with an increase of 136% against the previous year. Overall, the export price, however, showed a deep downturn. Over the period under review, the average export prices hit record highs at $12,482 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.
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 Kenya ($2,358 per ton), while the average price for exports to Thailand ($152 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 Kenya (-8.9%), while the prices for the other major destinations experienced a decline.
Imports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded growth in overseas purchases of fibres; synthetic filament tow, acrylic or modacrylics, which increased by 731% to 115 tons in 2022. Over the period under review, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of fibres; synthetic filament tow, acrylic or modacrylics skyrocketed to $244K in 2022. Overall, imports saw significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Hong Kong SAR (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| China | 3.7 | 15.2 | 98.0 | 414.7% |
| Japan | 11.9 | 34.9 | 72.9 | 147.5% |
| Taiwan (Chinese) | 0.6 | 2.2 | 66.3 | 951.2% |
| Others | 0.5 | 0.9 | 7.2 | 279.5% |
| Total | 16.6 | 53.1 | 244 | 283.4% |
Top Suppliers of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic to Hong Kong SAR in 2022:
- Taiwan (Chinese) (67.3 tons)
- China (35.2 tons)
- Japan (11.4 tons)
Exports of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Hong Kong SAR
After two years of growth, overseas shipments of fibres; synthetic filament tow, acrylic or modacrylics decreased by -27.9% to 23 tons in 2022. Over the period under review, exports, however, posted a significant expansion. The growth pace was the most rapid in 2021 with an increase of 124% against the previous year. As a result, the exports attained the peak of 32 tons, and then dropped dramatically in the following year.
In value terms, exports of fibres; synthetic filament tow, acrylic or modacrylics shrank rapidly to $37K in 2022. In general, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 132% against the previous year. As a result, the exports attained the peak of $55K, and then declined markedly in the following year.
| Export of Fibres; Synthetic Filament Tow, Acrylic or Modacrylic in Hong Kong SAR (Thousand USD) | ||||
|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 |
| Kenya | 18.9 | 40.9 | 28.8 | 23.4% |
| Indonesia | 4.4 | 13.4 | 7.9 | 34.0% |
| India | 0.1 | N/A | 0.3 | 73.2% |
| Madagascar | 0.1 | 0.2 | 0.1 | 0.0% |
| China | 0.2 | 0.7 | 0.1 | -29.3% |
| Thailand | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | N/A | N/A | N/A | 0% |
| Total | 23.8 | 55.3 | 37.2 | 25.0% |
Top Export Markets for Fibres; Synthetic Filament Tow, Acrylic or Modacrylic from Hong Kong SAR in 2022:
- Kenya (12.2 tons)
- Indonesia (9.0 tons)
- Madagascar (0.6 tons)
- Thailand (0.6 tons)
- India (0.3 tons)
- China (0.1 tons)
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