Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea - 2022

Contents:

  1. Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea (FOB) - 2022
  2. Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea (CIF) - 2022
  3. Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in South Korea
  4. 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)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam1.33.04.54.146.6%
China4.03.74.33.9-0.8%
United States3.31.52.12.8-5.3%
Indonesia1.51.01.91.98.2%
Italy2.21.61.01.7-8.2%
Spain0.70.40.50.6-5.0%
Turkey1.00.60.60.4-26.3%
Others3.31.32.01.0-32.8%
Total17.413.216.916.4-2.0%

Top Export Markets for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted from South Korea in 2022:

  1. China (560.6 tons)
  2. Vietnam (497.0 tons)
  3. United States (278.4 tons)
  4. Indonesia (177.3 tons)
  5. Italy (109.7 tons)
  6. Spain (49.5 tons)
  7. 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)
COUNTRY2019202020212022CAGR,
2019-2022
China2.63.55.75.931.4%
Taiwan (Chinese)0.60.50.80.914.5%
Others0.40.40.40.614.5%
Total3.64.37.07.427.1%

Top Suppliers of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted to South Korea in 2022:

  1. China (1500.8 tons)
  2. Taiwan (Chinese) (90.0 tons)

Source: IndexBox Market Intelligence Platform

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