Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hong Kong SAR - 2022
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hong Kong SAR (CIF) - 2022
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hong Kong SAR (FOB) - 2022
- Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hong Kong SAR
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hong Kong SAR
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hong Kong SAR (CIF) - 2022
The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses stood at $7,547 per ton in 2022, increasing by 71% against the previous year. Over the period under review, the import price saw a significant expansion. The most prominent rate of growth was recorded in 2020 when the average import price increased by 79%. The import price peaked in 2022 and is expected to retain growth in the immediate term.
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 Bangladesh ($35,570 per ton), while the price for the United States ($2,700 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+42.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses amounted to $2,584 per ton, with an increase of 2.5% against the previous year. In general, the export price, however, continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2013 an increase of 80% against the previous year. The export price peaked at $15,731 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Bangladesh.
From 2012 to 2022, the rate of growth in terms of prices for Bangladesh amounted to -10.9% per year.
Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hong Kong SAR
In 2022, approx. 3.1 tons of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses were imported into Hong Kong SAR; waning by -48.6% compared with the previous year's figure. In general, imports showed a significant decline. The smallest decline of -44.6% was in 2021.
In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses contracted to $23K in 2022. Overall, imports showed a abrupt setback. The smallest decline of -6.2% was in 2020.
| Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 18.3 | 17.1 | 15.9 | 12.2 | -12.6% |
| Philippines | 5.8 | 5.7 | 5.5 | 4.4 | -8.8% |
| United States | 5.3 | 4.9 | 4.6 | 3.5 | -12.9% |
| Italy | 0.3 | 0.3 | 0.3 | 2.7 | 108.0% |
| Others | 0.3 | 0.2 | 0.2 | 0.5 | 18.6% |
| Total | 30.1 | 28.2 | 26.5 | 23.3 | -8.2% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres to Hong Kong SAR in 2022:
- United States (1293.0 kg)
- Philippines (1168.0 kg)
- Bangladesh (342.0 kg)
- Italy (277.0 kg)
Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hong Kong SAR
In 2022, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses from Hong Kong SAR contracted dramatically to 1.2 tons, which is down by -60.7% compared with the year before. Over the period under review, exports saw a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 103% against the previous year. As a result, the exports reached the peak of 3 tons, and then reduced dramatically in the following year.
In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of artificial fibreses dropped notably to $3K in 2022. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. As a result, the exports reached the peak of $7.4K, and then fell dramatically in the following year.
| Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 5.4 | 6.2 | 7.4 | 3.0 | -17.8% |
| Italy | 0.1 | N/A | N/A | N/A | 0% |
| Vietnam | 0.1 | N/A | N/A | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 5.6 | 6.2 | 7.4 | 3.0 | -18.8% |
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Artificial Fibres from Hong Kong SAR in 2022:
- Bangladesh (1156.0 kg)
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