Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Bangladesh - 2022
Contents:
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Bangladesh (CIF) - 2022
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Bangladesh (FOB) - 2022
- Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Bangladesh
- Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Bangladesh
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Bangladesh (CIF) - 2022
In 2022, the average import price for fabrics; looped pile fabrics, of cotton, knitted or crocheted amounted to $6,593 per ton, increasing by 11% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 13% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($7,902 per ton), while the price for China ($6,308 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 (+5.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Bangladesh (FOB) - 2022
The average export price for fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $5,640 per ton in 2022, surging by 104% against the previous year. Overall, the export price, however, recorded a drastic downturn. Over the period under review, the average export prices attained the peak figure at $10,030 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($16,749 per ton), while the average price for exports to the United Arab Emirates ($677 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+64.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Bangladesh
In 2022, supplies from abroad of fabrics; looped pile fabrics, of cotton, knitted or crocheted decreased by -7.4% to 6.2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 139% against the previous year. As a result, imports attained the peak of 6.7K tons, and then declined in the following year.
In value terms, imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $41M in 2022. Over the period under review, imports, however, saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 171% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
| Import of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 9.5 | 9.2 | 27.0 | 31.7 | 49.4% |
| India | 5.4 | 3.3 | 10.7 | 8.2 | 14.9% |
| Hong Kong SAR | N/A | 0.5 | 1.8 | 0.9 | 34.2% |
| El Salvador | N/A | 1.5 | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 15.1 | 14.6 | 39.6 | 40.9 | 39.4% |
Top Suppliers of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted to Bangladesh in 2022:
- China (5.0K tons)
- India (1.0K tons)
- Hong Kong SAR (0.1K tons)
Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Bangladesh
For the third year in a row, Bangladesh recorded decline in overseas shipments of fabrics; looped pile fabrics, of cotton, knitted or crocheted, which decreased by -73.1% to 4.2 tons in 2022. In general, exports saw a precipitous shrinkage. The smallest decline of -42.3% was in 2021.
In value terms, exports of fabrics; looped pile fabrics, of cotton, knitted or crocheted shrank markedly to $24K in 2022. Over the period under review, exports faced a significant decrease. The smallest decline of -31.1% was in 2021.
| Export of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Bangladesh (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nepal | 403 | 44.4 | 32.1 | 15.6 | -66.2% |
| Kuwait | N/A | N/A | N/A | 3.7 | 0% |
| Hong Kong SAR | 3.7 | 3.1 | 2.2 | 1.1 | -33.3% |
| Canada | 7.0 | 4.2 | 2.2 | 0.8 | -51.5% |
| United Arab Emirates | 2.3 | 1.4 | 0.8 | 0.2 | -55.7% |
| Others | 41.5 | 9.8 | 6.1 | 2.4 | -61.3% |
| Total | 457 | 62.9 | 43.4 | 23.8 | -62.7% |
Top Export Markets for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted from Bangladesh in 2022:
- Nepal (3459.0 kg)
- United Arab Emirates (334.0 kg)
- Kuwait (223.0 kg)
- Hong Kong SAR (81.0 kg)
- Canada (71.0 kg)
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