Price for Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Hong Kong SAR - 2023
Contents:
- Price for Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Hong Kong SAR (CIF) - 2023
- Price for Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Hong Kong SAR (FOB) - 2023
- Imports of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Hong Kong SAR
- Exports of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Hong Kong SAR
Price for Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for yarn; of fine animal hair, combed, not put up for retail sale amounted to $84,943 per ton, rising by 102% against the previous month. Over the period under review, the import price posted a temperate increase. The most prominent rate of growth was recorded in January 2023 an increase of 118% month-to-month. As a result, import price attained the peak level of $134K per ton. From February 2023 to November 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($125K per ton), while the price for the UK ($46,994 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+3.7%), while the prices for the other major suppliers experienced a decline.
Price for Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Hong Kong SAR (FOB) - 2023
The average export price for yarn; of fine animal hair, combed, not put up for retail sale stood at $56,765 per ton in November 2023, falling by -53.6% against the previous month. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 when the average export price increased by 73% m-o-m. As a result, the export price attained the peak level of $128K per ton. From October 2023 to November 2023, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to +0.5% per month.
Imports of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Hong Kong SAR
Imports of yarn; of fine animal hair, combed, not put up for retail sale into Hong Kong SAR reduced sharply to 471 tons in 2022, which is down by -31.7% compared with the year before. Over the period under review, imports faced a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of 7% against the previous year. As a result, imports attained the peak of 690 tons, and then shrank sharply in the following year.
In value terms, imports of yarn; of fine animal hair, combed, not put up for retail sale contracted sharply to $45M in 2022. Overall, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 11% against the previous year.
| Import of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 59.5 | 52.2 | 54.9 | 31.9 | -18.8% |
| Italy | 5.7 | 4.9 | 7.6 | 10.5 | 22.6% |
| Taiwan (Chinese) | 0.6 | 0.1 | 1.1 | 1.9 | 46.8% |
| Peru | 0.9 | 0.8 | 0.5 | 0.5 | -17.8% |
| Others | 1.0 | 1.1 | 1.5 | 0.6 | -15.7% |
| Total | 67.6 | 59.1 | 65.7 | 45.4 | -12.4% |
Top Suppliers of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale to Hong Kong SAR in 2022:
- China (260.6 tons)
- Italy (133.4 tons)
- Taiwan (Chinese) (56.0 tons)
- Peru (12.1 tons)
Exports of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Hong Kong SAR
In 2022, approx. 315 tons of yarn; of fine animal hair, combed, not put up for retail sale were exported from Hong Kong SAR; reducing by -43.6% against the previous year's figure. Over the period under review, exports faced a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 2.1%.
In value terms, exports of yarn; of fine animal hair, combed, not put up for retail sale contracted rapidly to $21M in 2022. In general, exports continue to indicate a dramatic shrinkage. The smallest decline of -13.1% was in 2021.
| Export of Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 28.9 | 22.3 | 34.5 | 19.0 | -13.0% |
| Vietnam | 24.5 | 20.0 | 2.3 | 1.4 | -61.5% |
| Bangladesh | 0.5 | 0.7 | 0.9 | 0.4 | -7.2% |
| Cambodia | 1.3 | N/A | 0.2 | N/A | -60.8% |
| Others | 1.1 | 0.9 | 0.2 | 0.3 | -35.2% |
| Total | 56.3 | 43.9 | 38.2 | 21.1 | -27.9% |
Top Export Markets for Yarn; of Fine Animal Hair, Combed, Not Put Up for Retail Sale from Hong Kong SAR in 2022:
- China (297.1 tons)
- Vietnam (10.4 tons)
- Bangladesh (4.9 tons)
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