Hong Kong SAR, China - Yarn Of Synthetic Or Artificial Staple Fibers - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSynthetic Yarn Export in Hong Kong Sees a Modest Rise to $42M in 2023
Hong Kong Synthetic Yarn Exports
For the tenth year in a row, Hong Kong recorded decline in shipments abroad of yarn of synthetic or artificial staple fibers, which decreased by -3.1% to 4.7K tons in 2023. Overall, exports saw a precipitous descent. The smallest decline of -2.7% was in 2018. Over the period under review, the exports reached the peak figure at 59K tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.
In value terms, synthetic yarn exports rose modestly to $42M (IndexBox estimates) in 2023. In general, exports faced a precipitous decrease. Over the period under review, the exports reached the peak figure at $442M in 2013; however, from 2014 to 2023, the exports failed to regain momentum.
| COUNTRY | Export Value of Synthetic Yarn in Hong Kong (million USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| China | 420 | 358 | 333 | 288 | 234 | 220 | 194 | 105 | 94.4 | 29.8 | 31.8 |
| Vietnam | 1.9 | 0.9 | 5.8 | 8.9 | 7.2 | 4.6 | 6.5 | 9.4 | 6.3 | 5.2 | 5.2 |
| Cambodia | 10.1 | 9.0 | 6.8 | 6.2 | 3.4 | 3.3 | 3.6 | 9.0 | 10.2 | 2.6 | 1.7 |
| Sri Lanka | N/A | N/A | N/A | 0.1 | 0.2 | 0.1 | 0.1 | 0.1 | 0.2 | 0.6 | 0.8 |
| Thailand | 2.3 | 3.8 | 4.1 | 2.7 | 1.8 | 2.7 | 3.2 | 1.1 | 0.9 | 0.2 | 0.7 |
| Others | 7.3 | 7.3 | 7.2 | 4.5 | 7.7 | 7.9 | 7.3 | 4.3 | 3.3 | 1.9 | 1.7 |
| Total | 442 | 379 | 357 | 310 | 254 | 239 | 215 | 129 | 115 | 40.4 | 41.9 |
Exports by Country
China (3.7K tons) was the main destination for synthetic yarn exports from Hong Kong, with a 79% share of total exports. Moreover, synthetic yarn exports to China exceeded the volume sent to the second major destination, Vietnam (467 tons), eightfold. The third position in this ranking was taken by Cambodia (266 tons), with a 5.7% share.
From 2013 to 2023, the average annual rate of growth in terms of volume to China amounted to -23.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+1.8% per year) and Cambodia (-17.9% per year).
In value terms, China ($32M) remains the key foreign market for yarn of synthetic or artificial staple fibers exports from Hong Kong, comprising 76% of total exports. The second position in the ranking was held by Vietnam ($5.2M), with a 12% share of total exports. It was followed by Cambodia, with a 3.9% share.
From 2013 to 2023, the average annual rate of growth in terms of value to China amounted to -22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+10.6% per year) and Cambodia (-16.6% per year).
Exports by Type
Yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale (2.8K tons), yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (1.9K tons) and yarn (not sewing thread), of man-made staple fibres, put up for retail sale (2.4 tons) were the main products of synthetic 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 yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale (with a CAGR of -19.2%), while the other products experienced a decline.
In value terms, yarn (other than sewing thread) of synthetic staple fibres, not put up for retail sale ($25M), yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale ($17M) and yarn (not sewing thread), of man-made staple fibres, put up for retail sale ($15K) were the most exported types of yarn of synthetic or artificial staple fibers from Hong Kong worldwide.
In terms of the main product categories, yarn (other than sewing thread) of artificial staple fibres, not put up for retail sale, with a CAGR of -16.4%, saw 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 synthetic yarn price amounted to $8,912 per ton (FOB, Hong Kong), rising by 7.1% against the previous year. Over the period from 2013 to 2023, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 9.6%. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($11,079 per ton), while the average price for exports to Cambodia ($6,209 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 (+8.6%), while the prices for the other major destinations experienced more modest paces of growth.
This report provides an in-depth analysis of the synthetic 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 13108210 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, n.p.r.s.
- Prodcom 13108250 - Yarn (other than sewing thread) containing . .85 % by weight of synthetic staple fibres, p.r.s.
- Prodcom 13108320 - Yarn containing < .85 % by weight of polyester staple fibres (other than sewing thread), mixed with artificial fibres, n.p.r.s.
- Prodcom 13108340 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), mixed with cotton, n.p.r.s.
- Prodcom 13108380 - Other yarns, containing < .85 % by weight of synthetic staple fibres (other than sewing thread), n.p.r.s., n.e.c.
- Prodcom 13108390 - Yarn containing < .85 % by weight of synthetic staple fibres (other than sewing thread), p.r.s.
- Prodcom 131083Z0 - Yarn of synthetic staple fibres mixed with wool, n.p.r.s
- Prodcom 13108410 - Yarn (other than sewing thread) of artificial staple fibres, n .p.r.s.
- Prodcom 13108430 - Yarn (other than sewing thread) of artificial staple fibres, p.r.s.
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
