Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Myanmar - 2022

Contents:

1. Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Myanmar (CIF) - 2022
2. Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Myanmar (FOB) - 2022
3. Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Myanmar
4. Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Myanmar

Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Myanmar (CIF) - 2022

The average import price for fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $1,112 per ton in 2022, waning by -81.3% against the previous year. In general, the import price saw a abrupt descent. The most prominent rate of growth was recorded in 2015 when the average import price increased by 13%. As a result, import price attained the peak level of $9,464 per ton. From 2016 to 2022, 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 Thailand.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to -3.5% per year.

Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Myanmar (FOB) - 2022

The average export price for fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $8,232 per ton in 2020, growing by 47% against the previous year. Over the period under review, export price indicated a significant increase from 2019 to 2020: its price increased at an average annual rate of +47.4% over the last one years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2019 to 2020, the rate of growth in terms of prices for China amounted to 0.0% per year.

Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Myanmar

In 2022, purchases abroad of fabrics; looped pile fabrics, of cotton, knitted or crocheted decreased by 99.9% to 917 kg, falling for the second consecutive year after two years of growth. Overall, imports showed a sharp setback. The most prominent rate of growth was recorded in 2020 when imports increased by 9.3%. As a result, imports attained the peak of 2.4K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted reduced sharply to $1K in 2022. Over the period under review, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 6.6% against the previous year. As a result, imports attained the peak of $14M. From 2021 to 2022, the growth of imports of remained at a lower figure.

Top Suppliers of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted to Myanmar in 2022:

1. Thailand (917.0 kg)

Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in Myanmar

Exports of fabrics; looped pile fabrics, of cotton, knitted or crocheted from Myanmar dropped dramatically to 1 tons in 2020, declining by -92.5% compared with 2019. Overall, exports recorded a dramatic setback.

In value terms, exports of fabrics; looped pile fabrics, of cotton, knitted or crocheted fell notably to $8.2K in 2020. In general, exports saw a sharp shrinkage.

Top Export Markets for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted from Myanmar in 2022:

1. China (1.0 tons)

Source: IndexBox Market Intelligence Platform