Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR - 2023
Contents:
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR (FOB) - 2022
- Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR (CIF) - 2022
- Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR
- Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR (FOB) - 2022
The average export price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $3,174 per ton in 2022, waning by -15.4% against the previous year. In general, the export price showed a pronounced descent. The most prominent rate of growth was recorded in 2020 an increase of 32%. The export price peaked at $5,543 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($10,266 per ton), while the average price for exports to China totaled $3,049 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+25.1%).
Price for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR (CIF) - 2022
The average import price for synthetic staple fibres, carded, combed or otherwise processed for spinnings stood at $10,519 per ton in 2022, rising by 77% against the previous year. In general, the import price recorded prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($10,676 per ton), while the price for China amounted to $9,024 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR
In 2022, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings from Hong Kong SAR contracted remarkably to 336 tons, reducing by -20.5% on 2021 figures. Overall, total exports indicated a modest increase from 2019 to 2022: its volume increased at an average annual rate of +1.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 69% against the previous year. As a result, the exports reached the peak of 422 tons, and then fell rapidly in the following year.
In value terms, exports of synthetic staple fibres, carded, combed or otherwise processed for spinnings contracted sharply to $1.1M in 2022. Over the period under review, exports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 16%. As a result, the exports attained the peak of $1.6M, and then dropped dramatically in the following year.
| Export of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.3 | 1.3 | 1.5 | 1.0 | -8.4% |
| Others | 0.1 | 0.1 | N/A | 0.1 | 0.0% |
| Total | 1.3 | 1.4 | 1.6 | 1.1 | -5.4% |
Top Export Markets for Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning from Hong Kong SAR in 2022:
- China (329.1 tons)
Imports of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR
In 2022, the amount of synthetic staple fibres, carded, combed or otherwise processed for spinnings imported into Hong Kong SAR dropped remarkably to 31 tons, declining by -77.4% compared with the previous year's figure. Overall, imports saw a precipitous setback. The smallest decline of -17.7% was in 2020.
In value terms, imports of synthetic staple fibres, carded, combed or otherwise processed for spinnings shrank markedly to $329K in 2022. Over the period under review, imports saw a sharp contraction. The smallest decline of -4.8% was in 2020.
| Import of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,041 | 926 | 679 | 302 | -33.8% |
| China | 176 | 230 | 139 | 26.7 | -46.7% |
| Others | N/A | 3.8 | 0.4 | N/A | -89.5% |
| Total | 1,217 | 1,159 | 818 | 329 | -35.3% |
Top Suppliers of Synthetic Staple Fibres, Carded, Combed or Otherwise Processed for Spinning to Hong Kong SAR in 2022:
- Japan (28.3 tons)
- China (3.0 tons)
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In value terms, carded and combed synthetic staple fibers imports stood at $X in 2016. Overall, carded and combed synthetic staple fibers imports continue to indicate a mild shrinkage. Global carde...
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