Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the United States - 2024
Contents:
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the United States (CIF) - 2024
- Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the United States (FOB) - 2024
- Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the United States
- Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the United States
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the United States (CIF) - 2024
In March 2024, the average import price for fabrics; "long pile" fabrics, knitted or crocheteds amounted to $5,737 per ton, dropping by -15.3% against the previous month. Over the period under review, the import price showed a pronounced shrinkage. The growth pace was the most rapid in February 2024 when the average import price increased by 31% m-o-m. Over the period under review, average import prices hit record highs at $8,688 per ton in August 2023; however, from September 2023 to March 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($11,605 per ton), while the price for China ($3,975 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+1.8%), while the prices for the other major suppliers experienced a decline.
Price for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the United States (FOB) - 2024
The average export price for fabrics; "long pile" fabrics, knitted or crocheteds stood at $10,429 per ton in March 2024, surging by 14% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average export price increased by 45% against the previous month. The export price peaked at $11,382 per ton in December 2023; however, from January 2024 to March 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($37,277 per ton), while the average price for exports to Canada ($7,111 per ton) was amongst the lowest.
From March 2023 to March 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+16.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the United States
In 2022, the amount of fabrics; "long pile" fabrics, knitted or crocheteds imported into the United States contracted modestly to 2.3K tons, which is down by -4.3% on the year before. The total import volume increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 32%. As a result, imports attained the peak of 2.4K tons, and then dropped slightly in the following year.
In value terms, imports of fabrics; "long pile" fabrics, knitted or crocheteds expanded significantly to $17M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +53.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 40%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.2 | 9.4 | 12.9 | 13.0 | 12.2% |
| South Korea | 3.3 | 1.4 | 2.0 | 2.6 | -7.6% |
| Brazil | N/A | N/A | 0.1 | 0.2 | 100.0% |
| Others | 1.2 | 0.6 | 0.9 | 1.5 | 7.7% |
| Total | 13.7 | 11.4 | 15.9 | 17.4 | 8.3% |
Top Suppliers of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted to the United States in 2022:
- China (1597.7 tons)
- South Korea (508.1 tons)
- Brazil (45.1 tons)
Exports of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the United States
In 2022, exports of fabrics; "long pile" fabrics, knitted or crocheteds from the United States expanded modestly to 663 tons, with an increase of 1.6% compared with 2021. Over the period under review, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 when exports increased by 23% against the previous year.
In value terms, exports of fabrics; "long pile" fabrics, knitted or crocheteds reached $6.3M in 2022. In general, exports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 41%.
| Export of Fabrics; "Long Pile" Fabrics, Knitted or Crocheted in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 1,251 | 826 | 1,921 | 1,472 | 5.6% |
| Japan | 878 | 850 | 679 | 1,048 | 6.1% |
| Canada | 1,106 | 1,055 | 902 | 816 | -9.6% |
| Guatemala | 31.6 | 13.2 | 185 | 804 | 194.1% |
| China | 623 | 328 | 576 | 593 | -1.6% |
| Honduras | 526 | 368 | 356 | 392 | -9.3% |
| Peru | 236 | 234 | 345 | 238 | 0.3% |
| Indonesia | 64.5 | 141 | 393 | 217 | 49.8% |
| Panama | 190 | 112 | 197 | 185 | -0.9% |
| Nicaragua | 1,006 | 229 | 378 | 154 | -46.5% |
| El Salvador | 958 | 7.2 | 23.8 | 69.7 | -58.3% |
| Others | 408 | 308 | 340 | 317 | -8.1% |
| Total | 7,278 | 4,470 | 6,295 | 6,306 | -4.7% |
Top Export Markets for Fabrics; "Long Pile" Fabrics, Knitted or Crocheted from the United States in 2022:
- Mexico (160.9 tons)
- Canada (129.7 tons)
- Japan (95.0 tons)
- Guatemala (74.7 tons)
- China (49.7 tons)
- Honduras (31.2 tons)
- Peru (20.4 tons)
- Indonesia (19.2 tons)
- Panama (17.1 tons)
- Nicaragua (15.3 tons)
- El Salvador (8.0 tons)
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