Price for Tents of Synthetic Fibres in Hong Kong SAR - 2023

Price for Tents of Synthetic Fibres in Hong Kong SAR (FOB) - 2022

The average tents of synthetic fibres export price stood at $19,717 per ton in 2022, surging by 16% against the previous year. Overall, the export price, however, recorded a pronounced reduction. The growth pace was the most rapid in 2021 an increase of 23% against the previous year. The export price peaked at $41,185 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 Taiwan (Chinese) ($58,040 per ton), while the average price for exports to Papua New Guinea ($2,544 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 Taiwan (Chinese) (+28.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Tents of Synthetic Fibres in Hong Kong SAR (CIF) - 2022

In 2022, the average tents of synthetic fibres import price amounted to $11,637 per ton, shrinking by -4.6% against the previous year. Over the period under review, the import price saw a pronounced decline. The growth pace was the most rapid in 2014 an increase of 19% against the previous year. The import price peaked at $25,249 per ton in 2016; however, from 2017 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 Malaysia ($28,886 per ton), while the price for China amounted to $10,259 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+21.2%).

Exports of Tents of Synthetic Fibres in Hong Kong SAR

In 2022, exports of tents of synthetic fibreses from Hong Kong SAR contracted remarkably to 214 tons, with a decrease of -39.6% on the previous year's figure. Over the period under review, exports faced a precipitous descent. The pace of growth was the most pronounced in 2021 when exports increased by 50% against the previous year.

In value terms, tents of synthetic fibres exports contracted significantly to $4.2M in 2022. In general, exports continue to indicate a dramatic contraction. The most prominent rate of growth was recorded in 2021 with an increase of 84% against the previous year.

Export of Tents of Synthetic Fibres in Hong Kong SAR (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	10,809	1,120	2,788	784	-58.3%
South Korea	44.2	26.5	200	599	138.4%
Taiwan (Chinese)	1.1	42.5	143	556	696.6%
Switzerland	662	172	237	294	-23.7%
Japan	592	328	404	267	-23.3%
Germany	1,559	94.7	401	234	-46.9%
France	109	94.1	204	227	27.7%
Finland	22.9	216	136	193	103.5%
China	672	79.3	113	128	-42.5%
Austria	148	73.5	94.9	119	-7.0%
Netherlands	277	89.8	5.7	104	-27.9%
Papua New Guinea	1.0	2.7	298	91.8	351.1%
Belgium	17.2	78.6	4.8	48.7	41.5%
Others	2,785	861	1,005	579	-40.8%
Total	17,699	3,278	6,033	4,223	-38.0%

Top Export Markets for Tents of Synthetic Fibres from Hong Kong SAR in 2022:

Papua New Guinea (36.1 tons)
United States (30.2 tons)
China (19.7 tons)
South Korea (18.5 tons)
Japan (16.7 tons)
Germany (12.7 tons)
Taiwan (Chinese) (9.6 tons)
Finland (9.2 tons)
Switzerland (9.1 tons)
France (8.2 tons)
Austria (7.0 tons)
Netherlands (6.1 tons)
Belgium (5.2 tons)

Imports of Tents of Synthetic Fibres in Hong Kong SAR

In 2022, after two years of decline, there was significant growth in purchases abroad of tents of synthetic fibreses, when their volume increased by 26% to 414 tons. Overall, imports, however, showed a significant decline.

In value terms, tents of synthetic fibres imports skyrocketed to $4.8M in 2022. Over the period under review, imports, however, recorded a abrupt slump.