Price for Track Suits; of Cotton, Knitted or Crocheted in Hong Kong SAR - 2023
Contents:
- Price for Track Suits; of Cotton, Knitted or Crocheted in Hong Kong SAR (FOB) - 2022
- Price for Track Suits; of Cotton, Knitted or Crocheted in Hong Kong SAR (CIF) - 2023
- Exports of Track Suits; of Cotton, Knitted or Crocheted in Hong Kong SAR
- Imports of Track Suits; of Cotton, Knitted or Crocheted in Hong Kong SAR
Price for Track Suits; of Cotton, Knitted or Crocheted in Hong Kong SAR (FOB) - 2022
The average export price for track suits; of cotton, knitted or crocheted stood at $14 per unit in 2022, picking up by 17% against the previous year. In general, the export price, however, recorded a mild contraction. The pace of growth was the most pronounced in 2016 an increase of 33% against the previous year. Over the period under review, the average export prices attained the maximum at $28 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Macao SAR ($42 per unit), while the average price for exports to the United States ($2.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Track Suits; of Cotton, Knitted or Crocheted in Hong Kong SAR (CIF) - 2023
The average import price for track suits; of cotton, knitted or crocheted stood at $9.7 per unit in October 2023, shrinking by -36% against the previous month. Over the period under review, the import price showed a deep setback. The pace of growth appeared the most rapid in September 2023 when the average import price increased by 84% month-to-month. Over the period under review, average import prices reached the peak figure at $30.7 per unit in January 2023; however, from February 2023 to October 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Cambodia ($22.0 per unit), while the price for China totaled $8.1 per unit.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Cambodia (+2.2%).
Exports of Track Suits; of Cotton, Knitted or Crocheted in Hong Kong SAR
After three years of growth, shipments abroad of track suits; of cotton, knitted or crocheted decreased by -51.5% to 434K units in 2022. Overall, exports, however, posted a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 85% against the previous year. As a result, the exports reached the peak of 895K units, and then reduced markedly in the following year.
In value terms, exports of track suits; of cotton, knitted or crocheted shrank rapidly to $5.9M in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 112%. As a result, the exports attained the peak of $10M, and then declined remarkably in the following year.
| Export of Track Suits; of Cotton, Knitted or Crocheted in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | 511 | 1,281 | 2,853 | 1,885 | 54.5% |
| France | 9.6 | 1,667 | 2,215 | 828 | 341.8% |
| Spain | 3.0 | 44.2 | 503 | 827 | 550.8% |
| Netherlands | N/A | 60.4 | 2,543 | 372 | 148.2% |
| China | 637 | 146 | 270 | 367 | -16.8% |
| Canada | 13.0 | 88.3 | 618 | 331 | 194.2% |
| United States | 657 | 924 | 472 | 262 | -26.4% |
| Switzerland | 0.4 | N/A | 60.1 | 261 | 767.3% |
| Others | 869 | 682 | 862 | 753 | -4.7% |
| Total | 2,700 | 4,892 | 10,396 | 5,885 | 29.7% |
Top Export Markets for Track Suits; of Cotton, Knitted or Crocheted from Hong Kong SAR in 2022:
- United States (93.0K units)
- France (86.2K units)
- Spain (50.1K units)
- Macao SAR (44.9K units)
- Netherlands (41.1K units)
- Canada (33.3K units)
- Switzerland (28.9K units)
- China (20.8K units)
Imports of Track Suits; of Cotton, Knitted or Crocheted in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in supplies from abroad of track suits; of cotton, knitted or crocheted, which decreased by -81.9% to 71K units in 2022. Overall, imports showed a dramatic contraction. The smallest decline of -7.1% was in 2021. Over the period under review, imports of hit record highs at 603K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of track suits; of cotton, knitted or crocheted shrank rapidly to $1.5M in 2022. Over the period under review, imports showed a sharp slump. The smallest decline of -17.8% was in 2021. Over the period under review, imports of hit record highs at $4.9M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Track Suits; of Cotton, Knitted or Crocheted in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3,128 | 2,668 | 2,131 | 487 | -46.2% |
| Cambodia | 466 | 212 | 279 | 449 | -1.2% |
| Italy | 333 | 106 | 115 | 387 | 5.1% |
| India | 61.9 | 64.8 | N/A | 2.0 | -68.1% |
| Bangladesh | 336 | 131 | 29.5 | 1.2 | -84.7% |
| Others | 549 | 219 | 240 | 182 | -30.8% |
| Total | 4,873 | 3,400 | 2,794 | 1,509 | -32.3% |
Top Suppliers of Track Suits; of Cotton, Knitted or Crocheted to Hong Kong SAR in 2022:
- China (43.6K units)
- Cambodia (20.7K units)
- Italy (4.6K units)
- Bangladesh (0.2K units)
- India (0.1K units)
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