Hong Kong SAR, China - Aramids Staple - Market Analysis, Forecast, Size, Trends And Insights
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View PricingAramids Staple Price in Hong Kong SAR - 2023
Contents:
- Aramids Staple Price in Hong Kong SAR (FOB) - 2023
- Aramids Staple Price in Hong Kong SAR (CIF) - 2022
- Aramids Staple Exports in Hong Kong SAR
- Aramids Staple Imports in Hong Kong SAR
Aramids Staple Price in Hong Kong SAR (FOB) - 2023
The average aramids staple export price stood at $29,682 per ton in June 2023, picking up by 2.9% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 4.9% m-o-m. Over the period under review, the average export prices attained the maximum at $32,369 per ton in August 2022; however, from September 2022 to June 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major foreign markets. In June 2023, the country with the highest price was Taiwan (Chinese) ($33,181 per ton), while the average price for exports to South Korea ($23,328 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+0.6%), while the prices for the other major destinations experienced mixed trend patterns.
Aramids Staple Price in Hong Kong SAR (CIF) - 2022
In 2022, the average aramids staple import price amounted to $21,012 per ton, which is down by -2.9% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by 14%. Over the period under review, average import prices hit record highs at $21,647 per ton in 2021, and then fell slightly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($22,483 per ton), while the price for China totaled $18,150 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Aramids Staple Exports in Hong Kong SAR
In 2022, overseas shipments of aramids staple were finally on the rise to reach 727 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, faced a deep contraction.
In value terms, aramids staple exports stood at $12M in 2022. Overall, exports, however, showed a deep reduction.
Export of Aramids Staple in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 10.9 | 7.2 | 5.8 | 5.9 | -18.5% |
Taiwan (Chinese) | 2.9 | 2.2 | 2.6 | 2.4 | -6.1% |
Thailand | 4.3 | 1.5 | 2.4 | 2.2 | -20.0% |
Indonesia | 1.0 | 0.4 | 0.6 | 0.6 | -15.7% |
India | 0.6 | 1.9 | N/A | 0.6 | 0.0% |
South Korea | 1.5 | 0.5 | 0.6 | 0.6 | -26.3% |
Others | 0.4 | 0.5 | 0.2 | 0.2 | -20.6% |
Total | 21.6 | 14.1 | 12.1 | 12.4 | -16.9% |
Top Export Markets for Aramids Staple from Hong Kong SAR in 2022:
- China (349.8 tons)
- Thailand (131.4 tons)
- Taiwan (Chinese) (110.4 tons)
- India (50.4 tons)
- Indonesia (43.8 tons)
- South Korea (32.4 tons)
Aramids Staple Imports in Hong Kong SAR
In 2022, supplies from abroad of aramids staple was finally on the rise to reach 545 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, continue to indicate a deep contraction.
In value terms, aramids staple imports rose markedly to $11M in 2022. In general, imports, however, continue to indicate a abrupt curtailment.
Import of Aramids Staple in Hong Kong SAR (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 15.4 | 7.2 | 5.5 | 8.1 | -19.3% |
China | 4.2 | 3.6 | 3.9 | 3.4 | -6.8% |
Japan | N/A | N/A | 1.0 | N/A | 0% |
Others | N/A | 0.1 | N/A | N/A | 0% |
Total | 19.6 | 10.9 | 10.3 | 11.5 | -16.3% |
Top Suppliers of Aramids Staple to Hong Kong SAR in 2022:
- United States (360.0 tons)
- China (185.0 tons)
This report provides an in-depth analysis of the aramids staple 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 20601110 - Aramids staple, not carded, combed or otherwise processed for spinning
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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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