Price for Woven Fabrics of Coarse Animal Hair or of Horsehair in Hong Kong SAR - 2023

Contents:

1. Price for Woven Fabrics of Coarse Animal Hair or of Horsehair in Hong Kong SAR (FOB) - 2022
2. Price for Woven Fabrics of Coarse Animal Hair or of Horsehair in Hong Kong SAR (CIF) - 2022
3. Exports of Woven Fabrics of Coarse Animal Hair or of Horsehair in Hong Kong SAR
4. Imports of Woven Fabrics of Coarse Animal Hair or of Horsehair in Hong Kong SAR

Price for Woven Fabrics of Coarse Animal Hair or of Horsehair in Hong Kong SAR (FOB) - 2022

The average export price for woven fabrics of coarse animal hair or of horsehair stood at $7,376 per ton in 2022, waning by -25.1% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average export price increased by 98%. Over the period under review, the average export prices reached the maximum at $13,457 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($8,689 per ton), while the average price for exports to China totaled $5,653 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Woven Fabrics of Coarse Animal Hair or of Horsehair in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for woven fabrics of coarse animal hair or of horsehair amounted to $193,500 per ton, falling by -34.4% against the previous year. Overall, the import price, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when the average import price increased by 3,201%. As a result, import price attained the peak level of $294,848 per ton, and then shrank significantly in the following year.

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 UK ($386,000 per ton), while the price for China totaled $1,000 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-3.2%).

Exports of Woven Fabrics of Coarse Animal Hair or of Horsehair in Hong Kong SAR

For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of woven fabrics of coarse animal hair or of horsehair, which decreased by -44.4% to 386 kg in 2022. Over the period under review, exports recorded a dramatic curtailment. The smallest decline of -32.2% was in 2021.

In value terms, exports of woven fabrics of coarse animal hair or of horsehair dropped dramatically to $2.8K in 2022. In general, exports recorded a sharp curtailment. The smallest decline of -50.4% was in 2021.

Top Export Markets for Woven Fabrics of Coarse Animal Hair or of Horsehair from Hong Kong SAR in 2022:

1. Vietnam (219.0 kg)
2. China (167.0 kg)

Imports of Woven Fabrics of Coarse Animal Hair or of Horsehair in Hong Kong SAR

In 2022, overseas purchases of woven fabrics of coarse animal hair or of horsehair decreased by -99.7% to 2 kg, falling for the second consecutive year after two years of growth. Overall, imports faced a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of 93% against the previous year. As a result, imports attained the peak of 1.8 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of woven fabrics of coarse animal hair or of horsehair contracted significantly to $387 in 2022. In general, imports faced a precipitous setback. The growth pace was the most rapid in 2021 with an increase of 990% against the previous year. As a result, imports reached the peak of $170K, and then contracted sharply in the following year.

Top Suppliers of Woven Fabrics of Coarse Animal Hair or of Horsehair to Hong Kong SAR in 2022:

1. United Kingdom (1.0 kg)
2. China (1.0 kg)

Source: IndexBox Market Intelligence Platform