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Hong Kong SAR, China - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Cotton Yarn - Market Analysis, Forecast, Size, Trends And Insights

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Jul 13, 2023

Cotton Yarn Price in Hong Kong Grows to $5,572 per Ton

Hong Kong Cotton Yarn Import Price in March 2023

In March 2023, the cotton yarn price amounted to $5,572 per ton (CIF, Hong Kong), rising by 9.2% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2022 when the average import price increased by 28% against the previous month. As a result, import price reached the peak level of $9,472 per ton. From November 2022 to March 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was China ($7,483 per ton), while the price for Vietnam ($3,042 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Indonesia (+3.4%), while the prices for the other major suppliers experienced mixed trend patterns.

COUNTRYImport Price of Cotton Yarn in Hong Kong (USD per ton)
Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023
China5,6265,7245,9775,8896,7116,2006,6168,5746,8047,4016,9076,3757,483
South Korea52,29168,35135,450N/A10,55646,911N/AN/A63,40116,3193,3553,3893,360
Vietnam5,2573,6214,8034,0962,537N/A8,6104,4494,4474,2959,4272,7783,042
PakistanN/A3,868N/A3,585N/A3,936N/AN/A3,135N/A2,7843,824N/A
Indonesia4,3177,1306,0824,7203,731N/A7,6517,5517,470N/A6,6076,232N/A
Average5,5296,0716,0815,7806,8296,8127,4289,4729,0747,7337,0065,1025,572

Hong Kong Cotton Yarn Import Prices by Type

Average prices varied somewhat amongst the major supplied products. In March 2023, the product with the highest price was cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale ($6,642 per ton), while the price for cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale ($4,713 per ton) was amongst the lowest.

From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale (+2.3%), while the prices for the other products experienced a decline.

Hong Kong Cotton Yarn Imports

Cotton yarn imports into Hong Kong skyrocketed to 1.6K tons in March 2023, rising by 21% on February 2023. Overall, imports enjoyed a temperate expansion. The pace of growth was the most pronounced in February 2023 with an increase of 138% m-o-m. Over the period under review, imports hit record highs in March 2023.

In value terms, cotton yarn imports skyrocketed to $8.7M (IndexBox estimates) in March 2023. Over the period under review, imports posted a notable increase. The pace of growth appeared the most rapid in December 2022 with an increase of 86% against the previous month. Imports peaked in March 2023.

Hong Kong Cotton Yarn Imports by Type

Cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale (864 tons), cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale (695 tons) and cotton yarn (other than sewing thread), put up for retail sale (2.7 tons) were the main products of cotton yarn imports to Hong Kong.

From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the major product types, was attained by cotton yarn (other than sewing thread), put up for retail sale (with a CAGR of +11.6%), while imports for the other products experienced mixed trend patterns.

In value terms, the most traded types of cotton yarn in Hong Kong were cotton yarn (other than sewing thread), containing 85% or more by weight of cotton, not put up for retail sale ($4.6M), cotton yarn (other than sewing thread), containing less than 85% by weight of cotton, not put up for retail sale ($4.1M) and cotton yarn (other than sewing thread), put up for retail sale ($13K).

Hong Kong Cotton Yarn Imports by Country

China (735 tons), Vietnam (717 tons) and South Korea (92 tons) were the main suppliers of cotton yarn imports to Hong Kong, with a combined 99% share of total imports.

From March 2022 to March 2023, the biggest increases were in South Korea (with a CAGR of +71.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($5.5M) constituted the largest supplier of cotton yarn to Hong Kong, comprising 63% of total imports. The second position in the ranking was held by Vietnam ($2.2M), with a 25% share of total imports.

From March 2022 to March 2023, the average monthly growth rate of value from China amounted to +4.1%. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (+8.6% per month) and South Korea (+36.6% per month).

Source: IndexBox Market Intelligence Platform

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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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