Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Hong Kong SAR - 2023
Contents:
- Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Hong Kong SAR (FOB) - 2023
- Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Hong Kong SAR (CIF) - 2023
- Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Hong Kong SAR
- Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Hong Kong SAR
Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Hong Kong SAR (FOB) - 2023
The average export price for fabrics, knitted or crocheted, of a width of > 30 cms stood at $10,399 per ton in November 2023, approximately reflecting the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 an increase of 18% month-to-month. Over the period under review, the average export prices attained the peak figure at $11,642 per ton in February 2023; however, from March 2023 to November 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In November 2023, the country with the highest price was the Philippines ($13,267 per ton), while the average price for exports to Cambodia ($7,870 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for fabrics, knitted or crocheted, of a width of > 30 cms amounted to $8,283 per ton, therefore, remained relatively stable against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 8.1% month-to-month. Over the period under review, average import prices hit record highs at $8,895 per ton in June 2023; however, from July 2023 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($12,874 per ton), while the price for China ($7,222 per ton) was amongst the lowest.
From December 2022 to November 2023, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.
Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Hong Kong SAR
In 2022, the amount of fabrics, knitted or crocheted, of a width of > 30 cms exported from Hong Kong SAR declined notably to 29K tons, with a decrease of -72.6% compared with 2021 figures. Overall, exports continue to indicate a significant curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 0.6%.
In value terms, exports of fabrics, knitted or crocheted, of a width of > 30 cms shrank notably to $274M in 2022. Over the period under review, exports showed a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year.
| Export of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 347 | 275 | 344 | 86.8 | -37.0% |
| China | 212 | 112 | 118 | 70.4 | -30.8% |
| Cambodia | 204 | 132 | 115 | 40.3 | -41.8% |
| Indonesia | 68.3 | 46.7 | 64.6 | 17.3 | -36.7% |
| Philippines | 16.0 | 12.5 | 20.1 | 13.0 | -6.7% |
| Bangladesh | 45.8 | 44.6 | 39.0 | 12.9 | -34.4% |
| Jordan | 8.2 | 3.7 | 5.1 | 7.6 | -2.5% |
| Myanmar | 10.2 | 16.9 | 12.8 | 0.9 | -55.5% |
| Nicaragua | 3.9 | 9.4 | 24.2 | 0.8 | -41.0% |
| Others | 79.2 | 56.8 | 79.8 | 23.6 | -33.2% |
| Total | 994 | 709 | 823 | 274 | -34.9% |
Top Export Markets for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm from Hong Kong SAR in 2022:
- Vietnam (9.6K tons)
- China (6.6K tons)
- Cambodia (4.5K tons)
- Indonesia (2.0K tons)
- Bangladesh (1.4K tons)
- Philippines (1.1K tons)
- Jordan (0.7K tons)
- Myanmar (0.1K tons)
- Nicaragua (0.1K tons)
Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Hong Kong SAR
Imports of fabrics, knitted or crocheted, of a width of > 30 cms into Hong Kong SAR dropped rapidly to 28K tons in 2022, waning by -74.4% against 2021. Over the period under review, imports saw a precipitous decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 1.3% against the previous year.
In value terms, imports of fabrics, knitted or crocheted, of a width of > 30 cms shrank markedly to $225M in 2022. In general, imports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2021 with an increase of 17%.
| Import of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 751 | 582 | 681 | 173 | -38.7% |
| Taiwan (Chinese) | 36.6 | 23.3 | 28.9 | 21.1 | -16.8% |
| South Korea | 19.1 | 16.0 | 14.3 | 13.1 | -11.8% |
| Others | 27.3 | 18.5 | 23.7 | 18.0 | -13.0% |
| Total | 834 | 640 | 748 | 225 | -35.4% |
Top Suppliers of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm to Hong Kong SAR in 2022:
- China (24.6K tons)
- Taiwan (Chinese) (1.7K tons)
- South Korea (1.0K tons)
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