Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in China - 2024
Contents:
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in China (FOB) - 2024
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in China (CIF) - 2022
- Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in China
- Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in China
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in China (FOB) - 2024
In April 2024, the average export price for fabrics; "long pile" fabrics, knitted or crocheteds amounted to $4,882 per ton, with a decrease of -16.9% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in March 2024 an increase of 25% month-to-month. As a result, the export price reached the peak level of $5,874 per ton, and then reduced dramatically in the following month.
There were significant differences in the average prices for the major external markets. In April 2024, the country with the highest price was Vietnam ($8,308 per ton), while the average price for exports to Mexico ($2,615 per ton) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in China (CIF) - 2022
The average import price for fabrics; "long pile" fabrics, knitted or crocheteds stood at $7,134 per ton in 2022, picking up by 5.3% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 22%. As a result, import price reached the peak level of $10,315 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($40,075 per ton), while the price for Vietnam ($4,575 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in China
In 2022, approx. 58K tons of fabrics; "long pile" fabrics, knitted or crocheteds were exported from China; with a decrease of -3% compared with 2021 figures. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 9.8%. As a result, the exports reached the peak of 60K tons, and then declined modestly in the following year.
In value terms, exports of fabrics; "long pile" fabrics, knitted or crocheteds shrank slightly to $305M in 2022. The total export value increased at an average annual rate of +3.0% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 20%. As a result, the exports reached the peak of $318M, and then reduced modestly in the following year.
| Export of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 63.0 | 66.6 | 92.1 | 78.6 | 7.7% |
| Bangladesh | 17.8 | 12.6 | 19.3 | 19.3 | 2.7% |
| Myanmar | 26.2 | 27.5 | 21.3 | 17.9 | -11.9% |
| Indonesia | 14.9 | 10.7 | 17.3 | 17.1 | 4.7% |
| Uzbekistan | 7.6 | 10.8 | 12.3 | 15.3 | 26.3% |
| India | 8.9 | 6.7 | 11.5 | 14.0 | 16.3% |
| Jordan | 2.3 | 2.2 | 4.5 | 13.8 | 81.7% |
| Cambodia | 20.5 | 19.9 | 25.9 | 13.3 | -13.4% |
| Mexico | 9.5 | 7.8 | 9.4 | 12.7 | 10.2% |
| Turkey | 8.9 | 6.7 | 13.5 | 11.4 | 8.6% |
| South Africa | 4.5 | 5.0 | 7.7 | 7.6 | 19.1% |
| Pakistan | 9.2 | 11.7 | 4.7 | 4.8 | -19.5% |
| Brazil | 2.1 | 5.4 | 5.0 | 4.2 | 26.0% |
| Others | 83.7 | 71.8 | 73.4 | 74.9 | -3.6% |
| Total | 279 | 265 | 318 | 305 | 3.0% |
Top Export Markets for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted from China in 2022:
- Vietnam (8.1K tons)
- Mexico (4.4K tons)
- India (4.3K tons)
- Bangladesh (4.0K tons)
- Myanmar (3.6K tons)
- Indonesia (3.6K tons)
- Uzbekistan (3.3K tons)
- Jordan (2.9K tons)
- Turkey (2.7K tons)
- Cambodia (2.7K tons)
- South Africa (2.4K tons)
- Pakistan (1.7K tons)
- Brazil (1.2K tons)
Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in China
In 2022, the amount of fabrics; "long pile" fabrics, knitted or crocheteds imported into China shrank to 1.2K tons, reducing by -14.9% compared with the previous year's figure. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +5.3% 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 +38.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63%. As a result, imports attained the peak of 1.4K tons, and then declined in the following year.
In value terms, imports of fabrics; "long pile" fabrics, knitted or crocheteds reduced to $8.6M in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 47%. As a result, imports attained the peak of $9.6M, and then declined in the following year.
| Import of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 4.0 | 3.7 | 4.3 | 3.9 | -0.8% |
| Vietnam | 0.3 | 0.6 | 1.5 | 1.7 | 78.3% |
| Indonesia | 2.2 | 0.9 | 0.8 | 1.2 | -18.3% |
| Italy | 0.8 | 0.3 | 0.6 | 0.7 | -4.4% |
| Japan | 0.7 | 0.2 | 0.4 | 0.3 | -24.6% |
| Thailand | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Taiwan (Chinese) | 0.1 | 0.1 | 0.2 | 0.1 | 0.0% |
| Others | 0.2 | 0.6 | 1.7 | 0.4 | 26.0% |
| Total | 8.4 | 6.5 | 9.6 | 8.6 | 0.8% |
Top Suppliers of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted to China in 2022:
- South Korea (560.6 tons)
- Vietnam (379.4 tons)
- Indonesia (133.2 tons)
- Thailand (43.9 tons)
- Japan (24.1 tons)
- Italy (17.3 tons)
- Taiwan (Chinese) (15.8 tons)
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