Hong Kong SAR, China - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights
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View PricingCotton Yarn Export Experiences a 12% Increase, Reaching $82 Million in Hong Kong for 2023
Hong Kong Cotton Yarn Exports
In 2023, overseas shipments of cotton yarn were finally on the rise to reach 14K tons for the first time since 2013, thus ending a nine-year declining trend. Overall, exports, however, showed a sharp shrinkage. Over the period under review, the exports attained the maximum at 354K tons in 2013; however, from 2014 to 2023, the exports remained at a lower figure.
In value terms, cotton yarn exports expanded sharply to $82M (IndexBox estimates) in 2023. Over the period under review, exports, however, saw a precipitous curtailment. The exports peaked at $1.6B in 2013; however, from 2014 to 2023, the exports stood at a somewhat lower figure.
| COUNTRY | Export Value of Cotton Yarn in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 1,448 | 1,152 | 963 | 742 | 635 | 550 | 389 | 245 | 195 | 50.7 | 62.0 |
| Cambodia | 26.4 | 27.9 | 30.7 | 18.0 | 22.2 | 20.7 | 17.5 | 11.3 | 17.1 | 10.0 | 8.8 |
| Vietnam | 20.0 | 17.8 | 11.7 | 12.4 | 13.0 | 20.4 | 22.4 | 18.6 | 13.8 | 8.2 | 6.9 |
| Bangladesh | 33.3 | 32.6 | 28.8 | 17.4 | 17.0 | 11.2 | 10.5 | 6.4 | 2.1 | 1.8 | 1.8 |
| Others | 23.0 | 23.7 | 17.5 | 17.6 | 10.6 | 15.8 | 18.8 | 12.6 | 8.0 | 2.3 | 2.0 |
| Total | 1,551 | 1,254 | 1,052 | 807 | 698 | 618 | 458 | 294 | 236 | 73.0 | 81.5 |
Exports by Country
China (12K tons) was the main destination for cotton yarn exports from Hong Kong, accounting for a 83% share of total exports. Moreover, cotton yarn exports to China exceeded the volume sent to the second major destination, Cambodia (931 tons), more than tenfold. The third position in this ranking was taken by Vietnam (831 tons), with a 5.9% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to China totaled -28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (-14.0% per year) and Vietnam (-14.9% per year).
In value terms, China ($62M) remains the key foreign market for cotton yarn exports from Hong Kong, comprising 76% of total exports. The second position in the ranking was taken by Cambodia ($8.8M), with an 11% share of total exports. It was followed by Vietnam, with an 8.5% share.
From 2013 to 2023, the average annual rate of growth in terms of value to China amounted to -27.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cambodia (-10.4% per year) and Vietnam (-10.1% per year).
Exports by Type
Cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale (7.5K tons), cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale (6.5K tons) and cotton yarn (other than sewing thread), put up for retail sale (24 tons) were the main products of cotton yarn exports from Hong Kong.
From 2013 to 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by cotton yarn (other than sewing thread), put up for retail sale (with a CAGR of -7.4%), while the other products experienced a decline.
In value terms, cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale ($47M), cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale ($35M) and cotton yarn (other than sewing thread), put up for retail sale ($252K) appeared to be the most exported types of cotton yarn from Hong Kong worldwide.
In terms of the main product categories, cotton yarn (other than sewing thread), put up for retail sale, with a CAGR of -11.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other products experienced a decline.
Export Prices by Country
In 2023, the cotton yarn price amounted to $5,810 per ton (FOB, Hong Kong), dropping by -8% against the previous year. Over the period under review, export price indicated a measured increase from 2013 to 2023: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, cotton yarn export price increased by +47.1% against 2020 indices. The pace of growth was the most pronounced in 2021 an increase of 28%. Over the period under review, the average export prices reached the peak figure at $6,313 per ton in 2022, and then reduced in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cambodia ($9,441 per ton), while the average price for exports to Bangladesh ($4,480 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the cotton yarn market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13106160 - Cotton yarn, p.r.s. (excluding sewing thread)
- Prodcom 131061Z1 - Cotton yarn of uncombed fibres, n.p.r.s.
- Prodcom 131061Z2 - Cotton yarn of combed fibres, n.p.r.s.
- Prodcom 13106132 - Yarn of uncombed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)
- Prodcom 13106133 - Yarn of uncombed cotton, n.p.r.s., for knitted fabrics and hosiery
- Prodcom 13106135 - Yarn of uncombed cotton, n.p.r.s., for other uses (including carpets and floor coverings)
- Prodcom 13106152 - Yarn of combed cotton, n.p.r.s., for woven fabrics (excluding for carpets and floor coverings)
- Prodcom 13106153 - Yarn of combed cotton, n.p.r.s., for knitted fabrics and hosiery
- Prodcom 13106155 - Yarn of combed cotton, n.p.r.s., for other uses (including carpets and floor coverings)
Country coverage:
- Hong Kong SAR
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hong Kong SAR, China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
