Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in India - 2023
Contents:
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in India (CIF) - 2023
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in India (FOB) - 2023
- Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in India
- Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in India
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in India (CIF) - 2023
The average import price for fabrics; "long pile" fabrics, knitted or crocheteds stood at $1,299 per ton in November 2023, approximately reflecting the previous month. Over the period under review, the import price continues to indicate a slight descent. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 95% against the previous month. As a result, import price reached the peak level of $3,098 per ton. From March 2023 to November 2023, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to November 2023, the rate of growth in terms of prices for China amounted to -1.2% per month.
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in India (FOB) - 2023
The average export price for fabrics; "long pile" fabrics, knitted or crocheteds stood at $2,824 per ton in November 2023, dropping by -19.4% against the previous month. In general, the export price recorded a pronounced reduction. The most prominent rate of growth was recorded in October 2023 an increase of 57% against the previous month. Over the period under review, the average export prices attained the peak figure at $6,698 per ton in December 2022; however, from January 2023 to November 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Kenya ($4,152 per ton), while the average price for exports to Nepal ($1,460 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+19.2%), while the prices for the other major destinations experienced a decline.
Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in India
In 2022, approx. 7K tons of fabrics; "long pile" fabrics, knitted or crocheteds were imported into India; picking up by 98% compared with 2021 figures. Overall, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 115% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of fabrics; "long pile" fabrics, knitted or crocheteds skyrocketed to $14M in 2022. Over the period under review, imports recorded a resilient expansion. The pace of growth was the most pronounced in 2021 with an increase of 84%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.4 | 4.6 | 8.6 | 12.3 | 5.8% |
| Others | 0.7 | 0.2 | 0.2 | 1.4 | 26.0% |
| Total | 11.2 | 4.8 | 8.8 | 13.7 | 6.9% |
Top Suppliers of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted to India in 2022:
- China (7.0K tons)
Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in India
In 2022, the amount of fabrics; "long pile" fabrics, knitted or crocheteds exported from India declined significantly to 1.1K tons, with a decrease of -40.8% against the year before. Over the period under review, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2021 when exports increased by 727% against the previous year. As a result, the exports reached the peak of 1.8K tons, and then dropped rapidly in the following year.
In value terms, exports of fabrics; "long pile" fabrics, knitted or crocheteds contracted markedly to $5.1M in 2022. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 867% against the previous year. As a result, the exports reached the peak of $7.8M, and then declined notably in the following year.
| Export of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 1,424 | 447 | 7,335 | 4,458 | 46.3% |
| Nepal | 50.6 | 87.7 | 386 | 302 | 81.4% |
| Sri Lanka | 19.4 | N/A | 15.2 | 63.1 | 48.2% |
| Mexico | 239 | N/A | N/A | 29.5 | -50.2% |
| Vietnam | 701 | 173 | N/A | N/A | -75.3% |
| Brazil | 376 | N/A | N/A | N/A | 0% |
| Others | 152 | 103 | 102 | 248 | 17.7% |
| Total | 2,962 | 810 | 7,838 | 5,100 | 19.9% |
Top Export Markets for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted from India in 2022:
- Bangladesh (909.2 tons)
- Nepal (90.9 tons)
- Sri Lanka (18.3 tons)
- Mexico (10.1 tons)
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