Hong Kong SAR, China: Table Linen Market 2024

Table Linen Market Size in Hong Kong SAR, China

The Hong Kong table linen market expanded remarkably to $X in 2022, surging by 6.8% against the previous year. Overall, consumption recorded a abrupt decline. Table linen consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Table Linen Production in Hong Kong SAR, China

In value terms, table linen production surged to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable decrease. The pace of growth was the most pronounced in 2019 when the production volume increased by 1,017% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Table Linen Exports

Exports from Hong Kong SAR, China

In 2022, the amount of table linen, knitted or crocheted exported from Hong Kong SAR fell to X tons, which is down by -7% compared with the previous year's figure. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 30%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, table linen exports reduced modestly to $X in 2022. In general, exports faced a abrupt contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 22%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for table linen exports from Hong Kong SAR, with a 48% share of total exports. Moreover, table linen exports to the United States exceeded the volume sent to the second major destination, China (X tons), fourfold. The third position in this ranking was held by Macao SAR (X tons), with a 7.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at -18.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-4.7% per year) and Macao SAR (-0.2% per year).

In value terms, the United States ($X) remains the key foreign market for table linen, knitted or crocheted exports from Hong Kong SAR, comprising 36% of total exports. The second position in the ranking was taken by China ($X), with a 13% share of total exports. It was followed by Macao SAR, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled -21.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+1.9% per year) and Macao SAR (-5.3% per year).

Export Prices by Country

The average table linen export price stood at $X per ton in 2022, rising by 6.1% against the previous year. Over the period under review, the export price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in 2020 when the average export price increased by 14%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.9%), while the prices for the other major destinations experienced more modest paces of growth.

Table Linen Imports

Imports into Hong Kong SAR, China

In 2022, the amount of table linen, knitted or crocheted imported into Hong Kong SAR contracted significantly to X tons, dropping by -20.2% compared with the previous year's figure. Over the period under review, imports continue to indicate a deep downturn. The pace of growth was the most pronounced in 2021 with an increase of 38%. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, table linen imports fell slightly to $X in 2022. Overall, imports faced a deep setback. The pace of growth appeared the most rapid in 2021 when imports increased by 37% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest table linen supplier to Hong Kong SAR, accounting for a 85% share of total imports. Moreover, table linen imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), ninefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -10.2%.

In value terms, China ($X) constituted the largest supplier of table linen, knitted or crocheted to Hong Kong SAR, comprising 75% of total imports. The second position in the ranking was held by Japan ($X), with a 7.8% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to -11.5%.

Import Prices by Country

In 2022, the average table linen import price amounted to $X per ton, surging by 20% against the previous year. Overall, the import price, however, saw a mild contraction. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for Japan amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-1.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :