Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hong Kong SAR - 2024
Contents:
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hong Kong SAR (CIF) - 2022
- Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hong Kong SAR (FOB) - 2022
- Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hong Kong SAR
- Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hong Kong SAR
Price for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hong Kong SAR (CIF) - 2022
The average import price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses stood at $965 per ton in 2022, with an increase of 27% against the previous year. Over the last decade, it increased at an average annual rate of +1.6%. As a result, import price reached the peak level and is likely to continue 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 Japan ($2,318 per ton), while the price for Malaysia ($144 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.9%), 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 Synthetic Fibres in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses amounted to $1,185 per ton, growing by 8.8% against the previous year. Overall, the export price showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 an increase of 66%. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($3,026 per ton), while the average price for exports to China ($623 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 Brazil (+31.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in purchases abroad of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses, which decreased by -29.6% to 234 tons in 2022. Overall, imports continue to indicate a dramatic contraction.
In value terms, imports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses shrank to $226K in 2022. In general, imports faced a dramatic descent.
| Import of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 632 | 252 | 20.6 | 65.7 | -53.0% |
| Uruguay | 85.8 | 49.3 | 31.6 | 27.6 | -31.5% |
| Israel | 86.3 | 62.7 | 40.4 | 26.5 | -32.5% |
| United States | 183 | 9.2 | 9.1 | 13.4 | -58.2% |
| Spain | 38.2 | 27.8 | 17.9 | 11.7 | -32.6% |
| Taiwan (Chinese) | 62.1 | 37.1 | 19.7 | 10.6 | -44.5% |
| Malaysia | 47.4 | 28.7 | 15.5 | 8.4 | -43.8% |
| Japan | 87.5 | 23.4 | 8.0 | 7.5 | -55.9% |
| Germany | 80.6 | 17.1 | 3.7 | 7.1 | -55.5% |
| Philippines | 27.5 | 14.2 | 6.5 | 3.0 | -52.2% |
| Others | 230 | 145 | 79.3 | 44.5 | -42.2% |
| Total | 1,560 | 666 | 252 | 226 | -47.5% |
Top Suppliers of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres to Hong Kong SAR in 2022:
- Malaysia (58.5 tons)
- Mexico (57.3 tons)
- Taiwan (Chinese) (26.9 tons)
- United States (17.9 tons)
- Spain (14.9 tons)
- Uruguay (13.9 tons)
- Israel (13.1 tons)
- Philippines (5.6 tons)
- Germany (5.6 tons)
- Japan (3.2 tons)
Exports of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hong Kong SAR
In 2022, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses from Hong Kong SAR surged to 160 tons, jumping by 69% compared with the previous year. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 276%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, exports of fibres; waste (including noils, yarn waste and garnetted stock), of synthetic fibreses soared to $190K in 2022. In general, exports posted a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 523%. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the immediate term.
| Export of Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Brazil | 13.2 | 4.2 | 35.8 | 95.6 | 93.5% |
| China | 38.3 | 8.0 | 43.3 | 59.6 | 15.9% |
| Indonesia | 8.1 | 1.8 | 10.3 | 15.1 | 23.1% |
| Cambodia | 4.1 | 0.9 | 5.2 | 7.6 | 22.8% |
| Taiwan (Chinese) | 2.0 | 0.6 | 3.5 | 5.2 | 37.5% |
| Others | 5.8 | 1.1 | 5.2 | 7.1 | 7.0% |
| Total | 71.5 | 16.6 | 103 | 190 | 38.5% |
Top Export Markets for Fibres; Waste (Including Noils, Yarn Waste and Garnetted Stock), of Synthetic Fibres from Hong Kong SAR in 2022:
- China (95.6 tons)
- Brazil (31.6 tons)
- Indonesia (24.1 tons)
- Taiwan (Chinese) (4.8 tons)
- Cambodia (2.8 tons)
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