Hong Kong SAR, China: Market for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning 2024

Market Size for Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Hong Kong SAR, China

The Hong Kong market for polyester tow and staple, not carded, combed or otherwise processed for spinning rose remarkably to $X in 2022, growing by 8.2% against the previous year. In general, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -7.9% against 2020 indices. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Production of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning in Hong Kong SAR, China

In value terms, production of polyester tow and staple, not carded, combed or otherwise processed for spinning rose sharply to $X in 2022 estimated in export price. Overall, production posted strong growth. The pace of growth was the most pronounced in 2015 when the production volume increased by 60%. Over the period under review, production of attained the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Exports from Hong Kong SAR, China

In 2022, overseas shipments of polyester tow and staple, not carded, combed or otherwise processed for spinning decreased by -30.1% to X tons, falling for the fifth year in a row after two years of growth. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 39%. Over the period under review, the exports of attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polyester tow and staple, not carded, combed or otherwise processed for spinning contracted significantly to $X in 2022. In general, exports recorded a significant decrease. The growth pace was the most rapid in 2017 with an increase of 34%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for exports of polyester tow and staple, not carded, combed or otherwise processed for spinning from Hong Kong SAR, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to -17.9%.

In value terms, China ($X) also remains the key foreign market for polyester tow and staple, not carded, combed or otherwise processed for spinning exports from Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to -21.2%.

Export Prices by Country

The average export price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, approximately equating the previous year. Overall, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of 19%. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.0% per year.

Imports of Polyester Tow And Staple, Not Carded, Combed Or Otherwise Processed For Spinning

Imports into Hong Kong SAR, China

In 2022, approx. X tons of polyester tow and staple, not carded, combed or otherwise processed for spinning were imported into Hong Kong SAR; waning by -49% on the year before. Overall, imports saw a sharp shrinkage. The pace of growth was the most pronounced in 2017 with an increase of 49% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning shrank markedly to $X in 2022. In general, imports faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 42%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Hong Kong SAR, with a 53% share of total imports. Moreover, imports of polyester tow and staple, not carded, combed or otherwise processed for spinning from China exceeded the figures recorded by the second-largest supplier, Thailand (X tons), twofold. The third position in this ranking was held by Taiwan (Chinese) (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -13.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-4.0% per year) and Taiwan (Chinese) (-31.1% per year).

In value terms, China ($X) constituted the largest supplier of polyester tow and staple, not carded, combed or otherwise processed for spinning to Hong Kong SAR, comprising 55% of total imports. The second position in the ranking was held by Thailand ($X), with a 20% share of total imports. It was followed by Japan, with a 9.4% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -12.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (-7.0% per year) and Japan (-23.4% per year).

Import Prices by Country

The average import price for polyester tow and staple, not carded, combed or otherwise processed for spinning stood at $X per ton in 2022, with an increase of 36% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+1.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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