Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea - 2022
Contents:
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea (FOB) - 2022
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea (CIF) - 2022
- Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea
- Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea (FOB) - 2022
The average export price for fabrics; "long pile" fabrics, knitted or crocheteds stood at $11,270 per ton in December 2022, reducing by -4.1% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 an increase of 17% against the previous month. As a result, the export price attained the peak level of $11,900 per ton. From July 2022 to December 2022, the the average export prices remained at a 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 Cambodia ($27,044 per ton), while the average price for exports to Vietnam ($10,188 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 Cambodia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea (CIF) - 2022
In December 2022, the average import price for fabrics; "long pile" fabrics, knitted or crocheteds amounted to $4,522 per ton, surging by 1.8% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in February 2022 when the average import price increased by 47% month-to-month. As a result, import price reached the peak level of $6,131 per ton. From March 2022 to December 2022, the average import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2022, the country with the highest price was Taiwan (Chinese) ($10,823 per ton), while the price for China amounted to $4,121 per ton.
From December 2021 to December 2022, the most notable rate of growth in terms of prices was attained by China (+0.4%).
Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea
Exports of fabrics; "long pile" fabrics, knitted or crocheteds from South Korea reduced sharply to 1.8K tons in 2022, declining by -15.8% on the previous year's figure. Overall, exports saw a abrupt setback. The growth pace was the most rapid in 2021 with an increase of 36%.
In value terms, exports of fabrics; "long pile" fabrics, knitted or crocheteds fell slightly to $16M in 2022. In general, exports saw a mild contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 28%.
Export of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Vietnam | 1.3 | 3.0 | 4.5 | 4.1 | 46.6% |
China | 4.0 | 3.7 | 4.3 | 3.9 | -0.8% |
United States | 3.3 | 1.5 | 2.1 | 2.8 | -5.3% |
Indonesia | 1.5 | 1.0 | 1.9 | 1.9 | 8.2% |
Italy | 2.2 | 1.6 | 1.0 | 1.7 | -8.2% |
Spain | 0.7 | 0.4 | 0.5 | 0.6 | -5.0% |
Turkey | 1.0 | 0.6 | 0.6 | 0.4 | -26.3% |
Others | 3.3 | 1.3 | 2.0 | 1.0 | -32.8% |
Total | 17.4 | 13.2 | 16.9 | 16.4 | -2.0% |
Top Export Markets for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted from South Korea in 2022:
- China (560.6 tons)
- Vietnam (497.0 tons)
- United States (278.4 tons)
- Indonesia (177.3 tons)
- Italy (109.7 tons)
- Spain (49.5 tons)
- Turkey (38.7 tons)
Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea
For the fourth consecutive year, South Korea recorded growth in purchases abroad of fabrics; "long pile" fabrics, knitted or crocheteds, which increased by 5.8% to 1.6K tons in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 54% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of fabrics; "long pile" fabrics, knitted or crocheteds stood at $7.4M in 2022. Over the period under review, imports recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 60%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
Import of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 2.6 | 3.5 | 5.7 | 5.9 | 31.4% |
Taiwan (Chinese) | 0.6 | 0.5 | 0.8 | 0.9 | 14.5% |
Others | 0.4 | 0.4 | 0.4 | 0.6 | 14.5% |
Total | 3.6 | 4.3 | 7.0 | 7.4 | 27.1% |
Top Suppliers of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted to South Korea in 2022:
- China (1500.8 tons)
- Taiwan (Chinese) (90.0 tons)
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This report provides an in-depth analysis of the market for pile fabrics and terry fabrics in Republic of Korea.
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