Price for Handkerchiefs (Not Knitted or Crocheted) in Hong Kong SAR - 2023
Contents:
- Price for Handkerchiefs (Not Knitted or Crocheted) in Hong Kong SAR (CIF) - 2022
- Price for Handkerchiefs (Not Knitted or Crocheted) in Hong Kong SAR (FOB) - 2022
- Imports of Handkerchiefs (Not Knitted or Crocheted) in Hong Kong SAR
- Exports of Handkerchiefs (Not Knitted or Crocheted) in Hong Kong SAR
Price for Handkerchiefs (Not Knitted or Crocheted) in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for handkerchiefs (not knitted or crocheted)s amounted to $1.7 per unit, picking up by 31% against the previous year. Over the period under review, the import price recorded a resilient expansion. The pace of growth appeared the most rapid in 2021 an increase of 41% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($11 per unit), while the price for Pakistan ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Handkerchiefs (Not Knitted or Crocheted) in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for handkerchiefs (not knitted or crocheted)s amounted to $1.2 per unit, increasing by 3.7% against the previous year. Overall, export price indicated a tangible increase from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, handkerchiefs (not knitted or crocheted) export price increased by +33.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 64% against the previous year. As a result, the export price reached the peak level of $1.5 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($4.3 per unit), while the average price for exports to the UK ($0.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Handkerchiefs (Not Knitted or Crocheted) in Hong Kong SAR
In 2022, overseas purchases of handkerchiefs (not knitted or crocheted)s decreased by -29.1% to 484K units, falling for the second year in a row after two years of growth. In general, imports showed a sharp decrease. The pace of growth appeared the most rapid in 2020 when imports increased by 1.3% against the previous year. As a result, imports attained the peak of 1.2M units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, handkerchiefs (not knitted or crocheted) imports contracted to $847K in 2022. Overall, imports recorded a abrupt shrinkage. The smallest decline of -4.2% was in 2020. Over the period under review, imports reached the maximum at $1.2M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Handkerchiefs (Not Knitted or Crocheted) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 83.3 | 145 | 155 | 362 | 63.2% |
| China | 298 | 404 | 329 | 156 | -19.4% |
| Japan | 178 | 134 | 135 | 110 | -14.8% |
| Switzerland | 110 | 42.5 | 35.4 | 67.1 | -15.2% |
| Pakistan | 165 | 119 | 49.0 | 50.6 | -32.6% |
| Italy | 102 | 77.1 | 50.9 | 37.4 | -28.4% |
| Taiwan (Chinese) | 53.6 | 48.7 | 5.8 | 23.3 | -24.2% |
| Others | 168 | 139 | 150 | 41.0 | -37.5% |
| Total | 1,158 | 1,109 | 910 | 847 | -9.9% |
Top Suppliers of Handkerchiefs (Not Knitted or Crocheted) to Hong Kong SAR in 2022:
- Pakistan (232.1K units)
- China (98.2K units)
- Japan (73.2K units)
- France (32.7K units)
- Switzerland (11.5K units)
- Taiwan (Chinese) (9.9K units)
- Italy (9.2K units)
Exports of Handkerchiefs (Not Knitted or Crocheted) in Hong Kong SAR
In 2022, shipments abroad of handkerchiefs (not knitted or crocheted)s decreased by -14.9% to 472K units, falling for the second consecutive year after two years of growth. Over the period under review, total exports indicated pronounced growth from 2019 to 2022: its volume increased at an average annual rate of +2.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -35.3% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 65%. As a result, the exports attained the peak of 729K units. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, handkerchiefs (not knitted or crocheted) exports declined to $563K in 2022. Overall, exports showed a perceptible downturn. The growth pace was the most rapid in 2020 with an increase of 5%. As a result, the exports reached the peak of $654K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Handkerchiefs (Not Knitted or Crocheted) in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 138 | 27.1 | 170 | 113 | -6.4% |
| China | 35.0 | 16.7 | 95.2 | 101 | 42.4% |
| United States | 188 | 349 | 130 | 97.8 | -19.6% |
| South Korea | 15.9 | 9.6 | 67.1 | 59.0 | 54.8% |
| France | 1.7 | 4.0 | 3.3 | 17.0 | 115.4% |
| United Kingdom | 9.7 | 50.8 | 13.8 | 9.0 | -2.5% |
| Spain | N/A | N/A | N/A | 8.4 | 0% |
| Cameroon | 4.2 | 6.2 | N/A | 7.6 | 21.9% |
| Sierra Leone | N/A | N/A | N/A | 4.5 | 0% |
| Others | 231 | 191 | 159 | 146 | -14.2% |
| Total | 623 | 654 | 639 | 563 | -3.3% |
Top Export Markets for Handkerchiefs (Not Knitted or Crocheted) from Hong Kong SAR in 2022:
- United States (160.9K units)
- Japan (111.6K units)
- China (37.8K units)
- United Kingdom (32.4K units)
- Cameroon (20.9K units)
- Spain (15.1K units)
- Sierra Leone (14.4K units)
- South Korea (13.7K units)
- France (7.2K units)
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