Report Update Apr 1, 2024

Hong Kong SAR, China - Silk Yarn - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Silk Yarn Market 2021

Silk Yarn Market Size in Hong Kong SAR, China

In 2019, after four years of decline, there was decline in the Hong Kong silk yarn market, when its value decreased by X% to $X. Overall, consumption faced a abrupt decrease. The pace of growth was the most pronounced in 2013 when the market value increased by X% y-o-y. Silk yarn consumption peaked at $X in 2014; however, from 2015 to 2019, consumption remained at a lower figure.

Silk Yarn Exports

Exports from Hong Kong SAR, China

In 2019, after six years of decline, there was growth in overseas shipments of silk yarn, when their volume increased by X% to X tons. Overall, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2012 with an increase of X% year-to-year. Exports peaked at X tons in 2008; however, from 2009 to 2019, exports stood at a somewhat lower figure.

In value terms, silk yarn exports skyrocketed to $X in 2019. In general, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2012 when exports increased by X% against the previous year. Exports peaked at $X in 2013; however, from 2014 to 2019, exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for silk yarn exports from Hong Kong SAR, with a X% share of total exports. Moreover, silk yarn exports to China exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold. The third position in this ranking was occupied by the U.S. (X kg), with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume to China totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and the U.S. (+X% per year).

In value terms, China ($X) remains the key foreign market for silk yarn exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was occupied by Vietnam ($X), with a X% share of total exports. It was followed by the U.S., with a X% share.

From 2007 to 2019, the average annual growth rate of value to China totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+X% per year) and the U.S. (+X% per year).

Export Prices by Country

The average silk yarn export price stood at $X per ton in 2019, picking up by X% against the previous year. In general, the export price enjoyed perceptible growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% year-to-year. As a result, export price attained the peak level of $X per ton. From 2014 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major external markets. In 2019, the country with the highest price was China ($X per ton), while the average price for exports to Vietnam ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Nepal, while the prices for the other major destinations experienced mixed trend patterns.

Silk Yarn Imports

Imports into Hong Kong SAR, China

In 2019, after four years of decline, there was significant growth in purchases abroad of silk yarn, when their volume increased by X% to X tons. Over the period under review, imports, however, recorded a relatively flat trend pattern. Imports peaked at X tons in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

In value terms, silk yarn imports soared to $X in 2019. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2019, imports failed to regain the momentum.

Imports by Country

In 2019, China (X tons) constituted the largest supplier of silk yarn to Hong Kong SAR, accounting for a X% share of total imports. Moreover, silk yarn imports from China exceeded the figures recorded by the second-largest supplier, Italy (X tons), fourfold.

From 2007 to 2019, the average annual rate of growth in terms of volume from China totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (+X% per year) and Japan (-X% per year).

In value terms, the largest silk yarn suppliers to Hong Kong SAR were China ($X), Italy ($X) and Japan ($X), with a combined X% share of total imports.

Among the main suppliers, Italy saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average silk yarn import price stood at $X per ton in 2019, which is down by -X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2018, and then reduced remarkably in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Japan, while the prices for the other major suppliers experienced a decline.

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Frequently Asked Questions (FAQ) :

What are the largest markets for silk yarn in the world?

The countries with the highest volumes of silk yarn consumption in 2019 were China, the U.S. and India, together comprising 32% of global consumption. Japan, Russia, Germany, Pakistan, Brazil, Bangladesh, the UK, Indonesia, Nigeria and Mexico lagged somewhat behind, together accounting for a further 26%.

What are the largest producers of silk yarn in the world?

The countries with the highest volumes of silk yarn production in 2019 were China, the U.S. and India, with a combined 32% share of global production. Japan, Russia, Germany, Brazil, Pakistan, Bangladesh, Nigeria, Indonesia, the UK and Mexico lagged somewhat behind, together comprising a further 25%.

What are the leading suppliers of silk yarn to Hong Kong SAR, China?

In value terms, China, Italy and Japan constituted the largest silk yarn suppliers to Hong Kong SAR, together comprising 97% of total imports.

What are the leading importers of silk yarn from Hong Kong SAR, China?

In value terms, China remains the key foreign market for silk yarn exports from Hong Kong SAR, comprising 93% of total exports. The second position in the ranking was occupied by Vietnam, with a 2.3% share of total exports. It was followed by the U.S., with a 1.9% share.

What is the average export price for silk yarn in Hong Kong SAR, China?

In 2019, the average silk yarn export price amounted to $53,749 per ton, with an increase of 54% against the previous year.

What is the average import price for silk yarn in Hong Kong SAR, China?

In 2019, the average silk yarn import price amounted to $48,181 per ton, declining by -27.9% against the previous year.

This report provides an in-depth analysis of the silk yarn 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 2025.

Product coverage:

Prodcom 13104010 - Silk yarn, n.p.r.s. (excluding spun from silk waste)

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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023