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Hong Kong SAR, China - Knitted Or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Hong Kong SAR, China - Knitted Or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights

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Aug 8, 2023

Price of Knitted Fabric in Hong Kong Decreases to $12.8 per kg

Hong Kong Knitted Fabric Export Price in May 2023

In May 2023, the knitted fabric price stood at $12,772 per ton (FOB, Hong Kong), waning by -2.8% against the previous month. In general, the export price saw a mild decline. The most prominent rate of growth was recorded in January 2023 an increase of 7.5% month-to-month. Over the period under review, the average export prices attained the peak figure at $14,687 per ton in June 2022; however, from July 2022 to May 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In May 2023, the country with the highest price was Sri Lanka ($16,435 per ton), while the average price for exports to China ($10,892 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+0.7%), while the prices for the other major destinations experienced a decline.

COUNTRYExport Price of Knitted Fabric in Hong Kong (USD per ton)
May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023
Sri Lanka16,82317,67417,07117,11918,38817,23117,44016,82917,06815,54316,26015,95616,435
Jordan16,88214,50715,70417,29513,80115,78314,89117,43917,20618,29816,83713,84514,656
Vietnam13,29415,03015,35913,46416,41215,79314,61813,61412,70313,83113,03714,29714,517
Thailand17,83514,12216,37117,06815,60416,54415,29215,91415,37015,48015,96715,74514,377
Indonesia13,28913,09914,65013,62414,70314,14712,87912,33613,42313,86713,44211,92012,702
Bangladesh14,82113,21113,67914,12313,93414,74812,60113,57015,15313,75713,28014,10712,353
Cambodia12,56211,45812,82111,73312,63612,34012,28911,26613,10812,02112,50911,63812,319
China15,38615,90215,43013,32913,5889,40110,83512,30214,79814,72411,86312,30910,892
Average14,53414,68714,57913,61414,58712,69112,93413,22914,22414,04913,02013,13712,772

Hong Kong Knitted Fabric Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was knitted or crocheted fabrics, of a width <= 30 cm ($32,872 per ton), while the average price for exports of fabrics, knitted or crocheted, of a width of > 30 cm ($9,897 per ton) was amongst the lowest.

From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for the following types: warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm (+0.2%), while the prices for the other products experienced a decline.

Hong Kong Knitted Fabric Exports

In May 2023, the amount of knitted or crocheted fabrics exported from Hong Kong amounted to 3K tons, growing by 3.8% on the month before. Over the period under review, exports, however, recorded a pronounced slump. The pace of growth appeared the most rapid in March 2023 when exports increased by 38% against the previous month.

In value terms, knitted fabric exports totaled $38M (IndexBox estimates) in May 2023. In general, exports, however, saw a perceptible curtailment. The growth pace was the most rapid in March 2023 when exports increased by 28% month-to-month.

Hong Kong Knitted Fabric Exports by Type

Fabrics, knitted or crocheted, of a width of > 30 cm (1.5K tons), knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (919 tons) and knitted or crocheted fabrics, of a width <= 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (257 tons) were the main products of knitted fabric exports from Hong Kong, together comprising 89% of total exports.

From May 2022 to May 2023, the biggest increases were in fabrics, knitted or crocheted, of a width of > 30 cm (with a CAGR of -1.6%), while shipments for the other products experienced a decline.

In value terms, knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread ($15M), fabrics, knitted or crocheted, of a width of > 30 cm ($15M) and knitted or crocheted fabrics, of a width <= 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread ($3.8M) appeared to be the most exported types of knitted or crocheted fabrics from Hong Kong worldwide, with a combined 87% share of total exports.

Fabrics, knitted or crocheted, of a width of > 30 cm, with a CAGR of -2.3%, recorded the highest growth rate of the value of exports, among the main product categories over the period under review, while shipments for the other products experienced a decline.

Hong Kong Knitted Fabric Exports by Country

China (991 tons), Vietnam (547 tons) and Indonesia (299 tons) were the main destinations of knitted fabric exports from Hong Kong, with a combined 62% share of total exports. These countries were followed by Cambodia, Bangladesh, Sri Lanka, Thailand and Jordan, which together accounted for a further 28%.

From May 2022 to May 2023, the biggest increases were in Thailand (with a CAGR of +0.2%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for knitted fabric exported from Hong Kong were China ($11M), Vietnam ($7.9M) and Indonesia ($3.8M), together accounting for 60% of total exports.

Indonesia, with a CAGR of -0.8%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the knitted fabric 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 13911100 - Pile fabrics, terry fabrics, knitted or crocheted
  • Prodcom 13911910 - Knitted or crocheted fabrics (excluding pile fabrics)

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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