Hong Kong SAR, China - Tulles And Other Net Fabrics - Market Analysis, Forecast, Size, Trends And Insights
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View PricingHong Kongs Net Fabric Exports Drop Drastically to $9.7M in 2023
Hong Kong Net Fabric Exports
In 2023, net fabric exports from Hong Kong fell rapidly to 638 tons, reducing by -58.4% on the year before. Overall, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2014 with an increase of 7.8%. The exports peaked at 5.4K tons in 2015; however, from 2016 to 2023, the exports remained at a lower figure.
In value terms, net fabric exports shrank significantly to $9.7M (IndexBox estimates) in 2023. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. Over the period under review, the exports reached the peak figure at $66M in 2015; however, from 2016 to 2023, the exports failed to regain momentum.
| COUNTRY | Export Value of Net Fabric in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 44.5 | 49.4 | 46.7 | 33.7 | 38.7 | 25.8 | 25.2 | 26.5 | 34.3 | 10.6 | 4.5 |
| Vietnam | 7.0 | 7.4 | 7.3 | 6.4 | 6.2 | 8.4 | 10.8 | 8.1 | 7.0 | 4.7 | 1.2 |
| Cambodia | 1.4 | 2.8 | 2.8 | 2.2 | 0.8 | 0.6 | 1.7 | 2.5 | 3.7 | 2.3 | 0.9 |
| Bangladesh | 1.0 | 1.0 | 2.6 | 5.5 | 6.6 | 6.5 | 7.7 | 0.6 | 1.1 | 0.3 | 0.5 |
| India | 0.3 | 0.4 | 0.6 | 0.9 | 1.0 | 1.6 | 1.6 | 1.4 | 1.6 | 1.1 | 0.5 |
| Brazil | N/A | N/A | 0.1 | N/A | 0.2 | 0.1 | N/A | N/A | N/A | 0.1 | 0.3 |
| Myanmar | N/A | 0.1 | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.6 | 0.3 |
| Indonesia | 1.8 | 1.3 | 3.1 | 3.2 | 3.5 | 2.2 | 1.7 | 1.0 | 1.4 | 0.7 | 0.3 |
| Sri Lanka | N/A | 0.2 | 0.2 | 0.8 | 2.7 | 1.8 | 1.2 | 0.8 | 1.6 | 0.9 | 0.3 |
| Others | 2.2 | 2.0 | 2.2 | 2.3 | 2.8 | 2.2 | 2.2 | 1.5 | 1.4 | 1.3 | 0.9 |
| Total | 58.2 | 64.5 | 65.5 | 55.1 | 62.6 | 49.2 | 52.2 | 42.4 | 52.1 | 22.6 | 9.7 |
Exports by Country
China (262 tons) was the main destination for net fabric exports from Hong Kong, with a 41% share of total exports. Moreover, net fabric exports to China exceeded the volume sent to the second major destination, Vietnam (104 tons), threefold. Cambodia (76 tons) ranked third in terms of total exports with a 12% share.
From 2013 to 2023, the average annual growth rate of volume to China stood at -23.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-17.8% per year) and Cambodia (-3.4% per year).
In value terms, China ($4.5M) remains the key foreign market for tulles and other net fabrics exports from Hong Kong, comprising 47% of total exports. The second position in the ranking was held by Vietnam ($1.2M), with a 12% share of total exports. It was followed by Cambodia, with an 8.9% share.
From 2013 to 2023, the average annual rate of growth in terms of value to China stood at -20.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-16.1% per year) and Cambodia (-4.7% per year).
Export Prices by Country
In 2023, the net fabric price amounted to $15,263 per ton (FOB, Hong Kong), picking up by 3.6% against the previous year. Over the period under review, export price indicated a notable expansion from 2013 to 2023: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, net fabric export price decreased by -21.2% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the average export price increased by 22%. The export price peaked at $19,369 per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($20,234 per ton), while the average price for exports to India ($7,897 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 Bangladesh (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the net 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 13991130 - Tulles and other net fabrics (excluding woven, 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
