Price for Silk; Woven Fabrics of Noil Silk in Hong Kong SAR - 2023
Contents:
- Price for Silk; Woven Fabrics of Noil Silk in Hong Kong SAR (CIF) - 2022
- Price for Silk; Woven Fabrics of Noil Silk in Hong Kong SAR (FOB) - 2022
- Imports of Silk; Woven Fabrics of Noil Silk in Hong Kong SAR
- Exports of Silk; Woven Fabrics of Noil Silk in Hong Kong SAR
Price for Silk; Woven Fabrics of Noil Silk in Hong Kong SAR (CIF) - 2022
The average import price for silk; woven fabrics of noil silks stood at $51,777 per ton in 2022, which is down by -15.7% against the previous year. Overall, the import price continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2018 an increase of 122%. Over the period under review, average import prices attained the maximum at $68,752 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($183,140 per ton), while the price for Japan ($11,403 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) (+17.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Silk; Woven Fabrics of Noil Silk in Hong Kong SAR (FOB) - 2022
In 2022, the average export price for silk; woven fabrics of noil silks amounted to $34,307 per ton, surging by 7.6% against the previous year. Over the period under review, the export price, however, continues to indicate a perceptible setback. The most prominent rate of growth was recorded in 2013 an increase of 76% against the previous year. As a result, the export price reached the peak level of $94,954 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($47,585 per ton), while the average price for exports to Colombia ($4,788 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 India (+6.8%), while the prices for the other major destinations experienced a decline.
Imports of Silk; Woven Fabrics of Noil Silk in Hong Kong SAR
In 2022, approx. 3.3 tons of silk; woven fabrics of noil silks were imported into Hong Kong SAR; growing by 9.7% on the previous year's figure. Overall, imports, however, recorded a precipitous curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 10% against the previous year. As a result, imports attained the peak of 11 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of silk; woven fabrics of noil silks fell to $172K in 2022. Over the period under review, imports, however, faced a dramatic decline. The most prominent rate of growth was recorded in 2020 with an increase of 0.9%. As a result, imports reached the peak of $598K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Silk; Woven Fabrics of Noil Silk in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 168 | 156 | 73.1 | 98.3 | -16.4% |
| Italy | 86.0 | 353 | 86.5 | 48.5 | -17.4% |
| United States | 22.1 | 25.5 | 5.6 | 11.4 | -19.8% |
| South Korea | 172 | 46.5 | 12.6 | 9.7 | -61.7% |
| Taiwan (Chinese) | 14.2 | N/A | N/A | 3.6 | -36.7% |
| Japan | 2.2 | 0.2 | N/A | 0.8 | -28.6% |
| France | 59.8 | N/A | 8.5 | N/A | -62.3% |
| Cambodia | 29.7 | N/A | N/A | N/A | 0% |
| Others | 38.8 | 17.2 | N/A | N/A | -55.7% |
| Total | 592 | 598 | 186 | 172 | -33.8% |
Top Suppliers of Silk; Woven Fabrics of Noil Silk to Hong Kong SAR in 2022:
- China (2232.0 kg)
- South Korea (296.0 kg)
- Italy (265.0 kg)
- Taiwan (Chinese) (237.0 kg)
- United States (225.0 kg)
- Japan (72.0 kg)
Exports of Silk; Woven Fabrics of Noil Silk in Hong Kong SAR
For the third year in a row, Hong Kong SAR recorded decline in overseas shipments of silk; woven fabrics of noil silks, which decreased by -36.2% to 1.8 tons in 2022. Over the period under review, exports faced a dramatic decline.
In value terms, exports of silk; woven fabrics of noil silks shrank sharply to $62K in 2022. In general, exports showed a dramatic decline.
| Export of Silk; Woven Fabrics of Noil Silk in Hong Kong SAR (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 237 | 115 | 71.9 | 48.9 | -40.9% |
| United States | 13.8 | 19.9 | 9.4 | 11.7 | -5.4% |
| India | 110 | 14.3 | 6.7 | 1.5 | -76.1% |
| Colombia | N/A | N/A | N/A | 0.2 | 0% |
| United Kingdom | 2.2 | 3.4 | 0.9 | 0.1 | -64.3% |
| Vietnam | N/A | 12.2 | N/A | N/A | 0% |
| Others | 25.0 | 11.2 | 2.0 | N/A | -71.7% |
| Total | 388 | 176 | 90.9 | 62.4 | -45.6% |
Top Export Markets for Silk; Woven Fabrics of Noil Silk from Hong Kong SAR in 2022:
- China (1027.0 kg)
- United States (640.0 kg)
- India (111.0 kg)
- Colombia (33.0 kg)
- United Kingdom (7.0 kg)
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