Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Bangladesh - 2022
Contents:
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Bangladesh (CIF) - 2022
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Bangladesh (FOB) - 2022
- Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Bangladesh
- Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Bangladesh
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Bangladesh (CIF) - 2022
The average import price for fabrics; "long pile" fabrics, knitted or crocheteds stood at $5,215 per ton in 2022, increasing by 6.5% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable contraction. The growth pace was the most rapid in 2014 an increase of 14%. As a result, import price attained the peak level of $8,622 per ton. From 2015 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($10,313 per ton), while the price for China ($4,787 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+2.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Bangladesh (FOB) - 2022
The average export price for fabrics; "long pile" fabrics, knitted or crocheteds stood at $18,203 per ton in 2022, dropping by -48.9% against the previous year. In general, the export price, however, posted a strong increase. The growth pace was the most rapid in 2019 when the average export price increased by 503% against the previous year. The export price peaked at $35,589 per ton in 2021, and then reduced rapidly in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Norway ($38,231 per ton), while the average price for exports to Singapore ($4,114 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 the UK (+32.8%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Bangladesh
In 2022, approx. 5.5K tons of fabrics; "long pile" fabrics, knitted or crocheteds were imported into Bangladesh; with a decrease of -16.1% against 2021. Over the period under review, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 105% against the previous year. As a result, imports attained the peak of 6.5K tons, and then shrank notably in the following year.
In value terms, imports of fabrics; "long pile" fabrics, knitted or crocheteds shrank to $28M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.6% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 98%. As a result, imports reached the peak of $32M, and then reduced in the following year.
| Import of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.8 | 12.6 | 19.3 | 19.3 | 2.7% |
| India | 1.4 | 0.4 | 7.3 | 4.5 | 47.6% |
| South Korea | 1.4 | 0.7 | 1.5 | 2.8 | 26.0% |
| Indonesia | 0.6 | 0.4 | 0.5 | 1.0 | 18.6% |
| Hong Kong SAR | 1.0 | 1.2 | 1.9 | 0.4 | -26.3% |
| Others | 1.0 | 0.7 | 1.3 | 0.4 | -26.3% |
| Total | 23.2 | 16.1 | 31.8 | 28.4 | 7.0% |
Top Suppliers of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted to Bangladesh in 2022:
- China (4028.2 tons)
- India (915.7 tons)
- South Korea (273.8 tons)
- Indonesia (151.2 tons)
- Hong Kong SAR (41.9 tons)
Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Bangladesh
In 2022, the amount of fabrics; "long pile" fabrics, knitted or crocheteds exported from Bangladesh reached 1.5 tons, picking up by 8.1% on 2021. Overall, exports, however, faced a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 153% against the previous year. As a result, the exports attained the peak of 14 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of fabrics; "long pile" fabrics, knitted or crocheteds shrank dramatically to $28K in 2022. In general, exports, however, recorded a precipitous decrease. The growth pace was the most rapid in 2020 with an increase of 62%. As a result, the exports attained the peak of $122K. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Iceland | N/A | 0.1 | 13.5 | 9.0 | 848.7% |
| Ireland | 39.0 | 0.4 | N/A | 3.5 | -55.2% |
| Norway | N/A | N/A | 0.6 | 3.5 | 483.3% |
| South Korea | N/A | N/A | 2.6 | 2.1 | -19.2% |
| Singapore | N/A | N/A | 0.9 | 2.0 | 122.2% |
| Spain | 36.1 | N/A | 0.8 | 0.8 | -71.9% |
| Portugal | N/A | N/A | N/A | 0.4 | 0% |
| Sweden | N/A | 0.3 | 2.4 | 0.4 | 15.5% |
| Vietnam | N/A | 111 | N/A | N/A | 0% |
| Others | N/A | 10.3 | 29.9 | 6.3 | -21.8% |
| Total | 75.1 | 122 | 50.7 | 28.0 | -28.0% |
Top Export Markets for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted from Bangladesh in 2022:
- Singapore (492.0 kg)
- Ireland (341.0 kg)
- Iceland (254.0 kg)
- Norway (91.0 kg)
- South Korea (71.0 kg)
- Portugal (65.0 kg)
- Sweden (58.0 kg)
- Spain (18.0 kg)
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