Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR - 2024
Contents:
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR (FOB) - 2024
- Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR (CIF) - 2022
- Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR
- Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR (FOB) - 2024
The average export price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings stood at $3,390 per ton in February 2024, reducing by -19.7% against the previous month. Over the period under review, the export price continues to indicate a abrupt descent. The pace of growth appeared the most rapid in April 2023 an increase of 176% month-to-month. Over the period under review, the average export prices attained the maximum at $28,480 per ton in July 2023; however, from August 2023 to February 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($29,815 per ton), while the average price for exports to Bangladesh ($1,188 per ton) was amongst the lowest.
From March 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+16.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for synthetic staple fibres, not carded, combed or otherwise processed for spinnings amounted to $10,751 per ton, growing by 49% against the previous year. Overall, the import price enjoyed a prominent increase. The pace of growth was the most pronounced in 2018 an increase of 76%. Over the period under review, average import prices reached the peak figure 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 the United States ($25,120 per ton), while the price for Mexico ($1,096 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in shipments abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings, which decreased by -10.5% to 3.2K tons in 2022. Over the period under review, exports recorded a significant decline.
In value terms, exports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings rose to $29M in 2022. Overall, exports saw a drastic downturn.
| Export of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3.1 | 2.2 | 3.5 | 7.6 | 34.8% |
| China | 15.9 | 9.8 | 10.1 | 5.8 | -28.5% |
| South Korea | 1.5 | 0.5 | 0.8 | 1.0 | -12.6% |
| Thailand | 4.3 | 1.5 | N/A | N/A | -65.1% |
| India | 0.6 | 1.9 | N/A | N/A | 216.7% |
| Others | 28.2 | 17.6 | 14.4 | 14.8 | -19.3% |
| Total | 53.6 | 33.3 | 28.7 | 29.2 | -18.3% |
Top Export Markets for Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning from Hong Kong SAR in 2022:
- China (1300.1 tons)
- Taiwan (Chinese) (245.4 tons)
- South Korea (39.5 tons)
- India (0.6 tons)
Imports of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in supplies from abroad of synthetic staple fibres, not carded, combed or otherwise processed for spinnings, which decreased by -36.4% to 2.2K tons in 2022. Over the period under review, imports recorded a dramatic shrinkage. The smallest decline of -7.5% was in 2021.
In value terms, imports of synthetic staple fibres, not carded, combed or otherwise processed for spinnings declined to $24M in 2022. In general, imports continue to indicate a dramatic downturn. The smallest decline of -3.2% was in 2021.
| Import of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.7 | 7.3 | 5.5 | 10.0 | -14.0% |
| Japan | 1.3 | 0.5 | 1.3 | 0.9 | -11.5% |
| China | 4.4 | 4.2 | 4.5 | 0.7 | -45.8% |
| Thailand | N/A | N/A | N/A | 0.2 | 0% |
| Taiwan (Chinese) | 0.3 | 0.4 | 0.6 | 0.1 | -30.7% |
| South Korea | 1.5 | 0.6 | 0.6 | 0.1 | -59.5% |
| Mexico | N/A | N/A | N/A | N/A | 0% |
| Others | 23.6 | 13.0 | 12.5 | 11.9 | -20.4% |
| Total | 46.8 | 25.9 | 25.1 | 23.8 | -20.2% |
Top Suppliers of Synthetic Staple Fibres, Not Carded, Combed or Otherwise Processed for Spinning to Hong Kong SAR in 2022:
- United States (397.1 tons)
- Thailand (147.0 tons)
- China (99.0 tons)
- Japan (82.3 tons)
- Taiwan (Chinese) (68.1 tons)
- South Korea (44.6 tons)
- Mexico (21.7 tons)
266
This report provides an in-depth analysis of the aramids staple market in Hong Kong SAR, China.
375
This report provides an in-depth analysis of the synthetic filament tow market in Hong Kong SAR, China.
181
This report provides an in-depth analysis of the market for polyester tow and staple, not carded, combed or otherwise processed for spinning in Hong Kong SAR, China.
132
This report provides an in-depth analysis of the market for polypropylene synthetic tow and staple not carded, combed or otherwise processed for spinning in Hong Kong SAR, China.
108
This report provides an in-depth analysis of the market for other synthetic tow and staple not carded, combed or otherwise processed for spinning in Hong Kong SAR, China.
540
This report provides an in-depth analysis of the global aramids staple market.
1264
This report provides an in-depth analysis of the global synthetic filament tow market.
472
Global Acrylic Staple Market Report 2018. This report provides an in-depth analysis of the global acrylic staple market.
631
Global Polyester Staple Market Report 2018. This report provides an in-depth analysis of the global polyester staple market.
575
Global Polypropylene Synthetic Staple Market Report 2018. This report provides an in-depth analysis of the global polypropylene synthetic staple market.
214
Discover the top 10 import markets for synthetic filament tow based on import value data from IndexBox platform. Learn about the key countries driving the demand for this essential material.
1270
In 2016, approx. X tons of synthetic filament tow were imported worldwide- descending by -X% against the previous year level. In general, synthetic filament tow imports continue to indicate a m...
1276
In 2016, approx. X tons of synthetic filament tow were imported worldwide- descending by -X% against the previous year level. In general, synthetic filament tow imports continue to indicate a m...
