Hong Kong SAR, China: Narrow Woven Fabric Market 2025

Narrow Woven Fabric Market Size in Hong Kong SAR, China

In 2021, the Hong Kong narrow woven fabric market was finally on the rise to reach $X after two years of decline. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Narrow Woven Fabric Production in Hong Kong SAR, China

In value terms, narrow woven fabric production skyrocketed to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 37% against the previous year. Narrow woven fabric production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Narrow Woven Fabric Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of narrow woven fabrics were finally on the rise to reach X tons after two years of decline. Overall, exports, however, showed a slight curtailment. Over the period under review, the exports reached the maximum at X tons in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, narrow woven fabric exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Vietnam (X tons), Bangladesh (X tons) and China (X tons) were the main destinations of narrow woven fabric exports from Hong Kong SAR, with a combined 47% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +6.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for narrow woven fabric exported from Hong Kong SAR were Vietnam ($X), Bangladesh ($X) and China ($X), with a combined 46% share of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +8.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average narrow woven fabric export price stood at $X per ton in 2021, rising by 9.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.3%. The pace of growth appeared the most rapid in 2013 an increase of 12%. The export price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Pakistan ($X per ton), while the average price for exports to Bangladesh ($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 Pakistan (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Narrow Woven Fabric Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of narrow woven fabrics was finally on the rise to reach X tons after two years of decline. In general, imports, however, recorded a slight descent. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, narrow woven fabric imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.4% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main narrow woven fabric supplier to Hong Kong SAR, accounting for a 95% share of total imports. It was followed by Taiwan (Chinese) (X tons), with a 1.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -1.2%.

In value terms, China ($X) constituted the largest supplier of narrow woven fabrics to Hong Kong SAR, comprising 90% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 1.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +4.2%.

Import Prices by Country

In 2021, the average narrow woven fabric import price amounted to $X per ton, rising by 7.8% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2018 an increase of 9.1%. The import price peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.4%).

Source: IndexBox Platform

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