Hong Kong SAR, China: Hand-Woven Tapestry Market 2025

Hand-Woven Tapestry Market Size in Hong Kong SAR, China

In 2021, the Hong Kong hand-woven tapestry market increased by 2.4% to $X, rising for the second year in a row after seven years of decline. In general, consumption, however, saw a deep setback. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Hand-Woven Tapestry Production in Hong Kong SAR, China

In value terms, hand-woven tapestry production shrank to $X in 2021 estimated in export price. Overall, production saw a deep setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by 33%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2021, production stood at a somewhat lower figure.

Hand-Woven Tapestry Exports

Exports from Hong Kong SAR, China

In 2021, after three years of growth, there was significant decline in shipments abroad of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais, when their volume decreased by -52.3% to X tons. Over the period under review, exports, however, enjoyed prominent growth. The pace of growth appeared the most rapid in 2014 with an increase of 219% against the previous year. The exports peaked at X tons in 2020, and then dropped rapidly in the following year.

In value terms, hand-woven tapestry exports dropped sharply to $X in 2021. Overall, exports, however, enjoyed a buoyant expansion. The growth pace was the most rapid in 2013 with an increase of 2,147% against the previous year. The exports peaked at $X in 2020, and then contracted notably in the following year.

Exports by Country

The United States (X tons) was the main destination for hand-woven tapestry exports from Hong Kong SAR, accounting for a 77% share of total exports. Moreover, hand-woven tapestry exports to the United States exceeded the volume sent to the second major destination, Canada (X kg), eightfold. The UK (X kg) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +32.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+67.2% per year) and the UK (-12.5% per year).

In value terms, the United States ($X) remains the key foreign market for hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais exports from Hong Kong SAR, comprising 87% of total exports. The second position in the ranking was taken by the UK ($X), with a 5.2% share of total exports. It was followed by Canada, with a 4.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +30.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-42.9% per year) and Canada (+75.2% per year).

Export Prices by Country

The average hand-woven tapestry export price stood at $X per ton in 2021, which is down by -87% against the previous year. Over the period under review, the export price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2013 an increase of 1,137%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Myanmar (+138.2%), while the prices for the other major destinations experienced mixed trend patterns.

Hand-Woven Tapestry Imports

Imports into Hong Kong SAR, China

In 2020, overseas purchases of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais decreased by 0% to X kg, falling for the second consecutive year after two years of growth. Overall, imports showed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 23,550% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2020, imports failed to regain momentum.

In value terms, hand-woven tapestry imports totaled $X in 2020. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2018 when imports increased by 13,509% against the previous year. Over the period under review, imports hit record highs in 2020 and are expected to retain growth in the immediate term.

Imports by Country

In 2020, the United States (X kg) was the main hand-woven tapestry supplier to Hong Kong SAR, with a approx. 100% share of total imports.

From 2012 to 2020, the average annual growth rate of volume from the United States totaled +37.7%.

In value terms, the United States ($X) constituted the largest supplier of hand-woven tapestries of the type gobelins, flanders, aubusson, and beauvais to Hong Kong SAR.

From 2012 to 2020, the average annual rate of growth in terms of value from the United States stood at +58.4%.

Import Prices by Country

The average hand-woven tapestry import price stood at $X per ton in 2020, remaining relatively unchanged against the previous year. Overall, the import price continues to indicate a strong increase. The pace of growth was the most pronounced in 2015 when the average import price increased by 69% against the previous year. The import price peaked in 2020 and is likely to continue growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2020, the rate of growth in terms of prices for Canada amounted to +49.2% per year.

Source: IndexBox Platform

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