Report Update Feb 1, 2025

Hong Kong SAR, China - Yarn of Wool - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Woolen Yarn Market 2025

Woolen Yarn Market Size in Hong Kong SAR, China

In 2021, the Hong Kong woolen yarn market was finally on the rise to reach $X after four years of decline. Overall, consumption, however, faced a deep slump. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Woolen Yarn Production in Hong Kong SAR, China

In value terms, woolen yarn production amounted to $X in 2021 estimated in export price. Overall, production recorded a deep contraction. The growth pace was the most rapid in 2014 when the production volume increased by 174% against the previous year. Woolen yarn production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Woolen Yarn Exports

Exports from Hong Kong SAR, China

In 2021, after two years of decline, there was growth in shipments abroad of yarn of wool, when their volume increased by 1.3% to X tons. In general, exports, however, continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of 2.3%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, woolen yarn exports fell to $X in 2021. Overall, exports, however, showed a deep contraction. The pace of growth was the most pronounced in 2014 with an increase of 16%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for woolen yarn exports from Hong Kong SAR, accounting for a 87% share of total exports. Moreover, woolen yarn exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), tenfold. Cambodia (X tons) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at -11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+14.5% per year) and Cambodia (+23.1% per year).

In value terms, China ($X) remains the key foreign market for yarn of wool exports from Hong Kong SAR, comprising 89% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 7.1% share of total exports. It was followed by Bangladesh, with a 1.2% share.

From 2012 to 2021, the average annual growth rate of value to China totaled -8.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+18.3% per year) and Bangladesh (-16.8% per year).

Export Prices by Country

In 2021, the average woolen yarn export price amounted to $X per ton, reducing by -8.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2019 an increase of 16%. As a result, the export price attained the peak level of $X per ton. From 2020 to 2021, the average 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 Singapore ($X per ton), while the average price for exports to Cambodia ($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 Singapore (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Woolen Yarn Imports

Imports into Hong Kong SAR, China

In 2021, purchases abroad of yarn of wool was finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, showed a deep slump. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, woolen yarn imports rose significantly to $X in 2021. Overall, imports, however, recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 10% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X tons) constituted the largest woolen yarn supplier to Hong Kong SAR, accounting for a 73% share of total imports. Moreover, woolen yarn imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from China stood at -11.5%.

In value terms, China ($X) constituted the largest supplier of yarn of wool to Hong Kong SAR, comprising 72% of total imports. The second position in the ranking was held by Italy ($X), with a 24% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at -7.4%.

Import Prices by Country

In 2021, the average woolen yarn import price amounted to $X per ton, surging by 6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2019 an increase of 15% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Italy ($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 (+4.6%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for yarn of wool in the world?

The countries with the highest volumes of woolen yarn consumption in 2020 were China, India and Italy, together accounting for 42% of global consumption.

What are the largest producers of yarn of wool in the world?

China constituted the country with the largest volume of woolen yarn production, accounting for 26% of total volume. Moreover, woolen yarn production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Italy, with an 8.9% share.

What are the leading suppliers of yarn of wool to Hong Kong SAR, China?

In value terms, China constituted the largest supplier of woolen yarn to Hong Kong SAR, comprising 76% of total imports. The second position in the ranking was occupied by Italy, with a 20% share of total imports.

What are the leading importers of yarn of wool from Hong Kong SAR, China?

In value terms, China remains the key foreign market for woolen yarn exports from Hong Kong SAR, comprising 76% of total exports. The second position in the ranking was occupied by Vietnam, with a 19% share of total exports. It was followed by Bangladesh, with a 1.7% share.

What is the average export price for yarn of wool in Hong Kong SAR, China?

In 2020, the average woolen yarn export price amounted to $30,495 per ton, falling by -1.8% against the previous year.

What is the average import price for yarn of wool in Hong Kong SAR, China?

The average woolen yarn import price stood at $36,619 per ton in 2020, waning by -6.2% against the previous year.

This report provides an in-depth analysis of the woolen yarn 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 13105010 - Yarn of carded wool or fine animal hair, n.p.r.s.
Prodcom 13105030 - Yarn of combed wool or fine animal hair, n.p.r.s.
Prodcom 13105050 - Yarn of wool or fine animal hair, p.r.s.

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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024