Hong Kong SAR, China - Narrow Woven Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingIn November 2023, Hong Kong Witnessed a 5% Increase in Its Export Value of $43M for Woven Fabrics.
Hong Kong Narrow Woven Fabric Exports
Narrow woven fabric exports from Hong Kong rose markedly to 1.4K tons in November 2023, with an increase of 11% compared with October 2023 figures. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 with an increase of 56% against the previous month. As a result, the exports reached the peak of 1.5K tons. From April 2023 to November 2023, the growth of the exports remained at a lower figure.
In value terms, narrow woven fabric exports expanded markedly to $43M (IndexBox estimates) in November 2023. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in March 2023 with an increase of 40% m-o-m. As a result, the exports attained the peak of $52M. From April 2023 to November 2023, the growth of the exports remained at a somewhat lower figure.
| COUNTRY | Export Value of Narrow Woven Fabric in Hong Kong (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| Vietnam | 9.6 | 8.3 | 8.1 | 8.6 | 11.8 | 8.4 | 7.0 | 7.4 | 7.7 | 10.5 | 10.9 | 8.2 | 10.2 |
| Indonesia | 4.2 | 5.2 | 4.4 | 3.2 | 4.5 | 2.4 | 3.1 | 2.7 | 3.2 | 4.2 | 4.8 | 3.5 | 4.6 |
| Bangladesh | 4.9 | 4.5 | 5.4 | 3.7 | 5.1 | 3.9 | 3.8 | 3.1 | 3.6 | 4.5 | 5.2 | 4.5 | 4.1 |
| China | 3.5 | 3.6 | 2.5 | 4.5 | 4.9 | 3.5 | 3.6 | 4.2 | 3.8 | 5.0 | 4.0 | 4.8 | 3.7 |
| Cambodia | 2.5 | 2.9 | 3.4 | 3.3 | 5.7 | 4.2 | 3.0 | 2.5 | 2.8 | 3.6 | 3.6 | 2.9 | 3.2 |
| India | 2.5 | 2.2 | 2.0 | 1.5 | 1.9 | 1.5 | 1.5 | 1.1 | 1.4 | 1.6 | 2.1 | 2.2 | 2.3 |
| Sri Lanka | 2.0 | 1.8 | 2.3 | 1.0 | 2.2 | 2.4 | 2.2 | 1.7 | 1.5 | 2.1 | 2.7 | 2.4 | 2.2 |
| Others | 12.7 | 11.9 | 13.8 | 11.1 | 15.4 | 11.9 | 10.4 | 8.6 | 10.4 | 11.9 | 12.8 | 12.6 | 13.1 |
| Total | 42.0 | 40.5 | 41.9 | 36.8 | 51.6 | 38.2 | 34.6 | 31.4 | 34.3 | 43.5 | 46.1 | 41.1 | 43.4 |
Exports by Country
Vietnam (298 tons), Bangladesh (191 tons) and Indonesia (142 tons) were the main destinations of narrow woven fabric exports from Hong Kong, with a combined 47% share of total exports. These countries were followed by Cambodia, China, Sri Lanka and India, which together accounted for a further 27%.
From November 2022 to November 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cambodia (with a CAGR of +3.2%), while the other leaders experienced more modest paces of growth.
In value terms, Vietnam ($10M) remains the key foreign market for narrow woven fabric exports from Hong Kong, comprising 24% of total exports. The second position in the ranking was held by Indonesia ($4.6M), with an 11% share of total exports. It was followed by Bangladesh, with a 9.4% share.
From November 2022 to November 2023, the average monthly rate of growth in terms of value to Vietnam was relatively modest. Exports to the other major destinations recorded the following average monthly rates of exports growth: Indonesia (+0.8% per month) and Bangladesh (-1.5% per month).
Exports by Type
Fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) (999 tons) was the largest type of narrow woven fabric exported from Hong Kong, accounting for a 74% share of total exports. Moreover, fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) exceeded the volume of the second product type, labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered (343 tons), threefold.
From November 2022 to November 2023, the average monthly rate of growth in terms of the volume of export of fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) was relatively modest. With regard to the other exported products, the following average monthly rates of growth were recorded: labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered (+0.2% per month) and braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles (-0.1% per month).
In value terms, labels, badges and similar articles; of textile materials, in the piece, in strips or cut to shape or size, not embroidered ($22M), fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs) ($21M) and braids in the piece; ornamental trimmings in the piece, without embroidery, other than knitted or crocheted; tassels, pompons and similar articles ($378K) were the most exported types of narrow woven fabrics from Hong Kong worldwide.
Among the main product categories, fabrics; narrow woven, other than goods of heading no. 5807; narrow fabrics consisting of warp without weft assembled by means of an adhesive (bolducs), with a CAGR of +0.9%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other products experienced mixed trend patterns.
Export Prices by Country
In November 2023, the narrow woven fabric price amounted to $32,032 per ton (FOB, Hong Kong), waning by -4.8% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 16% month-to-month. As a result, the export price attained the peak level of $39,051 per ton. From March 2023 to November 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Thailand ($57,298 per ton), while the average price for exports to Jordan ($19,707 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+4.4%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the narrow woven 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 13961730 - Narrow woven fabrics other than labels, badges and other similar articles
- Prodcom 13961750 - Labels, badges and similar articles in textile materials (excluding embroidered)
- Prodcom 13961770 - Braids in the piece, tassels and pompons, ornamental trimmings (excluding knitted or crocheted)
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
