Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Hong Kong SAR - 2023

Contents:

1. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Hong Kong SAR (FOB) - 2022
2. Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Hong Kong SAR (CIF) - 2022
3. Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Hong Kong SAR
4. Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Hong Kong SAR

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Hong Kong SAR (FOB) - 2022

The average export price for felt; whether or not impregnated, coated, covered or laminateds stood at $10,818 per ton in 2022, which is down by -17.7% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 an increase of 33% against the previous year. The export price peaked at $13,146 per ton in 2021, and then fell remarkably in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($217,150 per ton), while the average price for exports to Cambodia ($7,542 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 Thailand (+38.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for felt; whether or not impregnated, coated, covered or laminateds amounted to $12,139 per ton, with a decrease of -3.1% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 68%. The import price peaked at $16,109 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($88,870 per ton), while the price for Indonesia ($4,399 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+18.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Hong Kong SAR

Exports of felt; whether or not impregnated, coated, covered or laminateds from Hong Kong SAR skyrocketed to 498 tons in 2022, with an increase of 95% against the previous year. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of felt; whether or not impregnated, coated, covered or laminateds surged to $5.4M in 2022. In general, exports saw a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Felt; Whether or Not Impregnated, Coated, Covered or Laminated from Hong Kong SAR in 2022:

1. China (400.6 tons)
2. Vietnam (48.8 tons)
3. Cambodia (20.3 tons)
4. Bangladesh (16.7 tons)

Imports of Felt; Whether or Not Impregnated, Coated, Covered or Laminated in Hong Kong SAR

For the fourth year in a row, Hong Kong SAR recorded growth in overseas purchases of felt; whether or not impregnated, coated, covered or laminateds, which increased by 34% to 390 tons in 2022. Over the period under review, imports showed a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 48% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of felt; whether or not impregnated, coated, covered or laminateds skyrocketed to $4.7M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +15.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 35%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Top Suppliers of Felt; Whether or Not Impregnated, Coated, Covered or Laminated to Hong Kong SAR in 2022:

1. Thailand (248.7 tons)
2. United Kingdom (43.6 tons)
3. China (38.1 tons)
4. Indonesia (32.4 tons)
5. Japan (13.6 tons)
6. Germany (11.6 tons)

Source: IndexBox Market Intelligence Platform