Hong Kong SAR, China: Cotton Table Linen Market 2024

Cotton Table Linen Market Size in Hong Kong SAR, China

After seven years of decline, the Hong Kong cotton table linen market increased by 10% to $X in 2022. Overall, consumption, however, recorded a perceptible curtailment. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Cotton Table Linen Production in Hong Kong SAR, China

In value terms, cotton table linen production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a modest expansion. The growth pace was the most rapid in 2019 with an increase of 287%. Cotton table linen production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Cotton Table Linen Exports

Exports from Hong Kong SAR, China

In 2022, the amount of table linen of cotton exported from Hong Kong SAR declined to X tons, with a decrease of -5.7% against 2021. Overall, exports faced a abrupt slump. The growth pace was the most rapid in 2021 with an increase of 31%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, cotton table linen exports fell to $X in 2022. In general, exports saw a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 37%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for cotton table linen exports from Hong Kong SAR, accounting for a 49% share of total exports. Moreover, cotton table linen exports to the United States exceeded the volume sent to the second major destination, China (X tons), threefold. Macao SAR (X tons) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -18.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+0.6% per year) and Macao SAR (-0.5% per year).

In value terms, the United States ($X), China ($X) and Macao SAR ($X) were the largest markets for cotton table linen exported from Hong Kong SAR worldwide, together accounting for 66% of total exports.

Among the main countries of destination, China, with a CAGR of +10.3%, recorded the highest rates of growth with regard to 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

In 2022, the average cotton table linen export price amounted to $X per ton, dropping by -8.5% against the previous year. Overall, the export price showed a mild shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 13% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to the UK ($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 (+9.6%), while the prices for the other major destinations experienced mixed trend patterns.

Cotton Table Linen Imports

Imports into Hong Kong SAR, China

Cotton table linen imports into Hong Kong SAR shrank to X tons in 2022, which is down by -11.8% compared with 2021 figures. In general, imports saw a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by 13% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, cotton table linen imports shrank to $X in 2022. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 13%. 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 cotton table linen to Hong Kong SAR, with a 84% share of total imports. Moreover, cotton table linen imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), more than tenfold. Malaysia (X tons) ranked third in terms of total imports with a 3.3% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to -13.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+18.3% per year) and Malaysia (+53.5% per year).

In value terms, China ($X) constituted the largest supplier of table linen of cotton to Hong Kong SAR, comprising 69% of total imports. The second position in the ranking was taken by Malaysia ($X), with a 7% share of total imports. It was followed by Italy, with a 6.8% share.

From 2012 to 2022, the average annual growth rate of value from China stood at -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+59.3% per year) and Italy (-2.5% per year).

Import Prices by Country

In 2022, the average cotton table linen import price amounted to $X per ton, picking up by 6.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.4%. The pace of growth was the most pronounced in 2013 an increase of 14%. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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