Wood; Clothes Hangers Price in Hong Kong SAR - 2023

Contents:

1. Wood; Clothes Hangers Price in Hong Kong SAR (FOB) - 2023
2. Wood; Clothes Hangers Price in Hong Kong SAR (CIF) - 2022
3. Wood; Clothes Hangers Exports in Hong Kong SAR
4. Wood; Clothes Hangers Imports in Hong Kong SAR

Wood; Clothes Hangers Price in Hong Kong SAR (FOB) - 2023

In September 2023, the average wood; clothes hangers export price amounted to $13,832 per ton, surging by 48% against the previous month. In general, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in August 2023 an increase of 64% against the previous month. The export price peaked at $20,880 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was India ($64,163 per ton), while the average price for exports to Japan ($4,170 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+16.0%), while the prices for the other major destinations experienced more modest paces of growth.

Wood; Clothes Hangers Price in Hong Kong SAR (CIF) - 2022

In 2022, the average wood; clothes hangers import price amounted to $4,450 per ton, growing by 2.3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($4,125 per ton), while the price for Malaysia ($3,013 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.8%), while the prices for the other major suppliers experienced a decline.

Wood; Clothes Hangers Exports in Hong Kong SAR

Wood; clothes hangers exports from Hong Kong SAR plummeted to 304 tons in 2022, with a decrease of -29.7% against the year before. In general, exports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 when exports increased by 8.9%.

In value terms, wood; clothes hangers exports fell to $3.2M in 2022. Over the period under review, exports saw a precipitous descent. The most prominent rate of growth was recorded in 2021 when exports increased by 43% against the previous year.

Top Export Markets for Wood; Clothes Hangers from Hong Kong SAR in 2022:

1. United States (70.0 tons)
2. United Kingdom (29.6 tons)
3. China (25.3 tons)
4. Italy (22.1 tons)
5. Netherlands (22.1 tons)
6. Belgium (21.9 tons)
7. Australia (14.5 tons)
8. France (13.6 tons)
9. United Arab Emirates (7.3 tons)
10. Bangladesh (6.8 tons)
11. Vietnam (6.3 tons)
12. Japan (6.1 tons)
13. Germany (6.1 tons)

Wood; Clothes Hangers Imports in Hong Kong SAR

Wood; clothes hangers imports into Hong Kong SAR contracted significantly to 442 tons in 2022, with a decrease of -34.7% on the previous year. Overall, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 36% against the previous year.

In value terms, wood; clothes hangers imports reduced notably to $2M in 2022. Over the period under review, imports faced a significant decline. The most prominent rate of growth was recorded in 2021 when imports increased by 50% against the previous year.

Top Suppliers of Wood; Clothes Hangers to Hong Kong SAR in 2022:

1. China (313.2 tons)
2. Malaysia (66.4 tons)
3. Japan (39.7 tons)

Source: IndexBox Market Intelligence Platform