Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in South Korea - 2022
Contents:
- Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in South Korea (FOB) - 2022
- Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in South Korea (CIF) - 2022
- Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in South Korea
- Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in South Korea
Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in South Korea (FOB) - 2022
In December 2022, the average export price for fabrics, knitted or crocheted, of a width of > 30 cms amounted to $8,846 per ton, remaining relatively unchanged against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average export price increased by 14% m-o-m. As a result, the export price reached the peak level of $8,933 per ton. From October 2022 to December 2022, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In December 2022, the country with the highest price was Vietnam ($10,711 per ton), while the average price for exports to the United Arab Emirates ($1,523 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in South Korea (CIF) - 2022
The average import price for fabrics, knitted or crocheted, of a width of > 30 cms stood at $8,536 per ton in December 2022, with an increase of 15% against the previous month. In general, import price indicated a temperate expansion from December 2021 to December 2022: its price increased at an average monthly rate of +4.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2022 figures, import price for fabrics, knitted or crocheted, of a width of > 30 cms increased by +50.6% against September 2022 indices. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 15% against the previous month. Over the period under review, average import prices reached the maximum in December 2022.
Prices varied noticeably by the country of origin: the country with the highest price was India ($72,727 per ton), while the price for Vietnam ($3,299 per ton) was amongst the lowest.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by India (+26.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in South Korea
Exports of fabrics, knitted or crocheted, of a width of > 30 cms from South Korea dropped significantly to 112K tons in 2022, waning by -17.4% compared with the previous year's figure. Over the period under review, exports saw a deep slump. The pace of growth was the most pronounced in 2021 when exports increased by 15%.
In value terms, exports of fabrics, knitted or crocheted, of a width of > 30 cms shrank to $960M in 2022. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 14%.
| Export of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 524 | 469 | 524 | 419 | -7.2% |
| Indonesia | 210 | 177 | 217 | 178 | -5.4% |
| United States | 39.6 | 42.1 | 53.1 | 83.1 | 28.0% |
| China | 62.9 | 42.6 | 46.2 | 38.1 | -15.4% |
| Turkey | 20.9 | 11.4 | 22.1 | 34.4 | 18.1% |
| Haiti | 31.6 | 30.3 | 44.5 | 32.1 | 0.5% |
| Cambodia | 33.6 | 25.3 | 31.4 | 26.4 | -7.7% |
| Philippines | 37.5 | 26.4 | 37.1 | 23.5 | -14.4% |
| Myanmar | 27.4 | 23.5 | 15.1 | 15.0 | -18.2% |
| Nicaragua | 16.3 | 23.6 | 10.3 | 7.8 | -21.8% |
| United Arab Emirates | 5.0 | 2.9 | 3.8 | 3.8 | -8.7% |
| Others | 156 | 95.1 | 102 | 99.0 | -14.1% |
| Total | 1,164 | 969 | 1,106 | 960 | -6.2% |
Top Export Markets for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm from South Korea in 2022:
- Vietnam (40.3K tons)
- Indonesia (17.7K tons)
- United States (11.2K tons)
- Turkey (8.0K tons)
- Haiti (4.8K tons)
- China (4.2K tons)
- United Arab Emirates (3.2K tons)
- Cambodia (3.1K tons)
- Philippines (3.0K tons)
- Myanmar (1.5K tons)
- Nicaragua (1.0K tons)
Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in South Korea
In 2022, the amount of fabrics, knitted or crocheted, of a width of > 30 cms imported into South Korea soared to 16K tons, increasing by 44% against the previous year. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 71% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to see steady growth in years to come.
In value terms, imports of fabrics, knitted or crocheted, of a width of > 30 cms surged to $90M in 2022. In general, imports showed significant growth. The pace of growth was the most pronounced in 2021 when imports increased by 76% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 3.7 | 3.5 | 15.6 | 40.0 | 121.1% |
| Vietnam | 5.2 | 3.8 | 12.5 | 15.6 | 44.2% |
| China | 12.1 | 10.4 | 13.5 | 13.4 | 3.5% |
| Japan | 9.8 | 7.3 | 10.5 | 10.5 | 2.3% |
| Indonesia | 2.2 | 2.4 | 2.0 | 1.5 | -12.0% |
| Turkey | 0.4 | 1.1 | 3.1 | 1.2 | 44.2% |
| Others | 9.7 | 9.0 | 9.1 | 7.9 | -6.6% |
| Total | 43.1 | 37.6 | 66.3 | 90.2 | 27.9% |
Top Suppliers of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm to South Korea in 2022:
- India (8.5K tons)
- Vietnam (4.6K tons)
- China (2.0K tons)
- Japan (0.3K tons)
- Turkey (0.2K tons)
- Indonesia (0.2K tons)
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