Report Update Nov 1, 2024

Hong Kong SAR, China - Tufted Textile Fabrics - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Tufted Textile Fabric Market 2024

Tufted Textile Fabric Market Size in Hong Kong SAR, China

The Hong Kong tufted textile fabric market shrank markedly to $X in 2022, waning by -72.7% against the previous year. In general, consumption, however, recorded a significant contraction. Over the period under review, the market hit record highs at $X in 2021, and then dropped rapidly in the following year.

Tufted Textile Fabric Production in Hong Kong SAR, China

In value terms, tufted textile fabric production soared to $X in 2022 estimated in export price. Overall, production, however, showed a abrupt curtailment. Tufted textile fabric production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Tufted Textile Fabric Exports

Exports from Hong Kong SAR, China

For the eleventh year in a row, Hong Kong SAR recorded growth in overseas shipments of tufted textile fabrics, which increased by 348% to X square meters in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, tufted textile fabric exports soared to $X in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of 11,896% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

China (X square meters) was the main destination for tufted textile fabric exports from Hong Kong SAR, with a approx. 100% share of total exports.

From 2021 to 2022, the average annual rate of growth in terms of volume to China totaled +420.7%.

In value terms, China ($X) also remains the key foreign market for tufted textile fabrics exports from Hong Kong SAR.

From 2021 to 2022, the average annual growth rate of value to China stood at +41.4%.

Export Prices by Country

The average tufted textile fabric export price stood at $X per square meter in 2022, reducing by -72.8% against the previous year. Over the period under review, the export price saw a precipitous shrinkage. The export price peaked at $X per square meter in 2021, and then shrank rapidly in the following year.

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

From 2021 to 2022, the rate of growth in terms of prices for China amounted to -72.8% per year.

Tufted Textile Fabric Imports

Imports into Hong Kong SAR, China

In value terms, tufted textile fabric imports fell sharply to $X in 2022. Over the period under review, imports recorded a remarkable increase. The growth pace was the most rapid in 2018 with an increase of 12,252%. Imports peaked at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In value terms, China ($X) constituted the largest supplier of tufted textile fabrics to Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +68.6%.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for tufted textile fabrics in the world?

The country with the largest volume of tufted textile fabric consumption was Japan, comprising approx. 46% of total volume. Moreover, tufted textile fabric consumption in Japan exceeded the figures recorded by the second-largest consumer, China, fivefold. The third position in this ranking was occupied by the United States, with a 3.9% share.

What are the largest producers of tufted textile fabrics in the world?

The country with the largest volume of tufted textile fabric production was China, comprising approx. 32% of total volume. Moreover, tufted textile fabric production in China exceeded the figures recorded by the second-largest producer, the United States, fourfold. India ranked third in terms of total production with a 6.2% share.

What are the leading suppliers of tufted textile fabrics to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of tufted textile fabric to Hong Kong SAR.

What are the leading importers of tufted textile fabrics from Hong Kong SAR, China?

In value terms, the Philippines, Thailand and Vietnam appeared to be the largest markets for tufted textile fabric exported from Hong Kong SAR worldwide, together comprising 70% of total exports.

What is the average export price for tufted textile fabrics in Hong Kong SAR, China?

In 2020, the average tufted textile fabric export price amounted to $9 per square meter, picking up by 42% against the previous year.

What is the average import price for tufted textile fabrics in Hong Kong SAR, China?

The average tufted textile fabric import price stood at $11 per square meter in 2020, increasing by 2.9% against the previous year.

This report provides an in-depth analysis of the tufted textile fabric market in Hong Kong SAR, China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 13204500 - Tufted textile fabrics (excluding tufted carpets and other textile floor coverings)

Country coverage:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, China
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023