Price for Wadding; Other Articles Thereof, of Cotton in Hong Kong SAR - 2024
Contents:
- Price for Wadding; Other Articles Thereof, of Cotton in Hong Kong SAR (CIF) - 2022
- Price for Wadding; Other Articles Thereof, of Cotton in Hong Kong SAR (FOB) - 2024
- Imports of Wadding; Other Articles Thereof, of Cotton in Hong Kong SAR
- Exports of Wadding; Other Articles Thereof, of Cotton in Hong Kong SAR
Price for Wadding; Other Articles Thereof, of Cotton in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for wadding; other articles thereof, of cotta amounted to $7,129 per ton, falling by -23.8% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 21%. The import price peaked at $10,290 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($46,042 per ton), while the price for China ($5,014 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Wadding; Other Articles Thereof, of Cotton in Hong Kong SAR (FOB) - 2024
In February 2024, the average export price for wadding; other articles thereof, of cotta amounted to $10,403 per ton, jumping by 19% against the previous month. Overall, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 146% against the previous month. Over the period under review, the average export prices hit record highs at $20,648 per ton in July 2023; however, from August 2023 to February 2024, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In February 2024, the country with the highest price was Taiwan (Chinese) ($50,384 per ton), while the average price for exports to Bangladesh ($7,913 per ton) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Wadding; Other Articles Thereof, of Cotton in Hong Kong SAR
In 2022, after three years of growth, there was significant decline in purchases abroad of wadding; other articles thereof, of cotta, when their volume decreased by -38.1% to 1.5K tons. In general, imports saw a mild decline. The growth pace was the most rapid in 2021 when imports increased by 27% against the previous year. As a result, imports attained the peak of 2.4K tons, and then reduced sharply in the following year.
In value terms, imports of wadding; other articles thereof, of cotta dropped rapidly to $11M in 2022. Overall, imports recorded a deep reduction. The most prominent rate of growth was recorded in 2020 when imports increased by 43%.
| Import of Wadding; Other Articles Thereof, of Cotton in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 5.9 | 5.9 | 7.8 | 5.0 | -5.4% |
| Vietnam | 2.4 | 6.6 | 8.3 | 2.2 | -2.9% |
| Japan | 2.8 | 2.2 | 1.8 | 1.3 | -22.6% |
| Thailand | 0.9 | 1.0 | 1.1 | 1.0 | 3.6% |
| United States | 0.1 | 2.6 | 2.7 | 0.5 | 71.0% |
| Indonesia | 0.3 | N/A | N/A | N/A | 0% |
| Others | 1.2 | 1.0 | 0.7 | 0.5 | -25.3% |
| Total | 13.6 | 19.4 | 22.4 | 10.6 | -8.0% |
Top Suppliers of Wadding; Other Articles Thereof, of Cotton to Hong Kong SAR in 2022:
- China (1003.7 tons)
- Thailand (197.1 tons)
- Japan (96.3 tons)
- United States (81.8 tons)
- Vietnam (48.0 tons)
- Indonesia (3.3 tons)
Exports of Wadding; Other Articles Thereof, of Cotton in Hong Kong SAR
In 2022, overseas shipments of wadding; other articles thereof, of cotta decreased by -56% to 231 tons, falling for the second consecutive year after two years of growth. In general, exports saw a dramatic setback. The pace of growth appeared the most rapid in 2020 when exports increased by 9.6%. As a result, the exports attained the peak of 598 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of wadding; other articles thereof, of cotta dropped dramatically to $4.1M in 2022. Overall, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 48% against the previous year.
| Export of Wadding; Other Articles Thereof, of Cotton in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 6.9 | 10.5 | 11.3 | 3.1 | -23.4% |
| Macao SAR | 0.6 | 0.5 | 1.0 | 0.5 | -5.9% |
| Philippines | 0.2 | 0.2 | N/A | 0.1 | -20.6% |
| Cameroon | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Russia | 0.2 | 0.1 | N/A | 0.1 | -20.6% |
| United States | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
| Pakistan | N/A | N/A | 0.1 | N/A | 0% |
| Canada | N/A | 1.1 | 0.4 | N/A | -63.6% |
| Others | 1.0 | 0.7 | 0.5 | 0.2 | -41.5% |
| Total | 9.0 | 13.4 | 13.6 | 4.1 | -23.1% |
Top Export Markets for Wadding; Other Articles Thereof, of Cotton from Hong Kong SAR in 2022:
- China (109.4 tons)
- Macao SAR (70.7 tons)
- Cameroon (14.5 tons)
- Philippines (9.3 tons)
- Russia (5.2 tons)
- United States (2.8 tons)
- Pakistan (1.4 tons)
- Canada (0.1 tons)
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