Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Hong Kong SAR - 2022

Contents:

1. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Hong Kong SAR (FOB) - 2022
2. Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Hong Kong SAR (CIF) - 2022
3. Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Hong Kong SAR
4. Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Hong Kong SAR

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses amounted to $2,986 per ton, remaining constant against the previous year. In general, the export price recorded a noticeable reduction. The growth pace was the most rapid in 2013 an increase of 45% against the previous year. As a result, the export price attained the peak level of $5,851 per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($11,047 per ton), while the average price for exports to Malaysia ($1,225 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 Vietnam (-6.6%), while the prices for the other major destinations experienced a decline.

Price for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Hong Kong SAR (CIF) - 2022

The average import price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses stood at $5,751 per ton in 2022, with an increase of 32% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses increased by +75.5% against 2019 indices. 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 the Netherlands ($23,934 per ton), while the price for Belgium ($3,423 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+19.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Hong Kong SAR

In 2022, exports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses from Hong Kong SAR rose markedly to 672 tons, growing by 6.8% compared with 2021. The total export volume increased at an average annual rate of +8.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 11%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses expanded remarkably to $2M in 2022. The total export value increased at an average annual rate of +5.7% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 5.7% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Top Export Markets for Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides from Hong Kong SAR in 2022:

1. China (225.6 tons)
2. Bangladesh (94.5 tons)
3. Vietnam (68.9 tons)
4. Papua New Guinea (24.6 tons)
5. Malaysia (15.0 tons)
6. India (10.9 tons)

Imports of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in purchases abroad of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses, which decreased by -75.8% to 31 tons in 2022. Over the period under review, imports recorded a sharp reduction. The smallest decline of -51.1% was in 2021.

In value terms, imports of textile fabrics; tyrecord of high tenacity yarn of nylon or other polyamideses reduced markedly to $176K in 2022. In general, imports recorded a dramatic setback. The smallest decline of -43.6% was in 2021.

Top Suppliers of Textile Fabrics; Tyrecord of High Tenacity Yarn of Nylon or Other Polyamides to Hong Kong SAR in 2022:

1. China (5.4 tons)
2. Czech Republic (1.5 tons)
3. United States (1.1 tons)
4. Taiwan (Chinese) (0.8 tons)
5. United Kingdom (0.4 tons)
6. Belgium (0.3 tons)
7. Netherlands (0.2 tons)

Source: IndexBox Market Intelligence Platform