Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in South Korea - 2022
Contents:
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in South Korea (FOB) - 2022
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in South Korea (CIF) - 2022
- Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in South Korea
- Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in South Korea
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in South Korea (FOB) - 2022
The average export price for fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $7,987 per ton in 2022, increasing by 6.4% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 12%. The export price peaked at $8,391 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($12,065 per ton), while the average price for exports to Malaysia ($876 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 the Philippines (+6.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in South Korea (CIF) - 2022
In 2022, the average import price for fabrics; looped pile fabrics, of cotton, knitted or crocheted amounted to $5,308 per ton, shrinking by -24% against the previous year. In general, the import price showed a drastic downturn. The most prominent rate of growth was recorded in 2014 an increase of 45% against the previous year. Over the period under review, average import prices hit record highs at $14,913 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Indonesia ($17,260 per ton), while the price for India ($5,071 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in South Korea
After three years of growth, shipments abroad of fabrics; looped pile fabrics, of cotton, knitted or crocheted decreased by -42.5% to 4.5K tons in 2022. In general, exports, however, showed perceptible growth. The growth pace was the most rapid in 2020 with an increase of 53%.
In value terms, exports of fabrics; looped pile fabrics, of cotton, knitted or crocheted reduced markedly to $36M in 2022. Overall, exports, however, showed a prominent increase. The pace of growth was the most pronounced in 2020 when exports increased by 45%.
| Export of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 16.9 | 23.2 | 34.5 | 20.4 | 6.5% |
| Indonesia | 9.7 | 12.8 | 14.6 | 8.1 | -5.8% |
| Cambodia | 1.7 | 3.1 | 1.4 | 3.2 | 23.5% |
| Nicaragua | N/A | N/A | 2.4 | 2.0 | -16.7% |
| Philippines | 0.2 | 0.6 | 2.2 | 1.1 | 76.5% |
| Guatemala | 0.2 | N/A | 0.8 | 1.1 | 76.5% |
| Malaysia | N/A | N/A | N/A | 0.2 | 0% |
| Haiti | N/A | 1.6 | 2.3 | N/A | 43.7% |
| Others | 1.0 | 1.5 | 1.1 | 0.3 | -33.1% |
| Total | 29.6 | 42.8 | 59.3 | 36.3 | 7.0% |
Top Export Markets for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted from South Korea in 2022:
- Vietnam (2493.8 tons)
- Indonesia (977.3 tons)
- Cambodia (415.0 tons)
- Nicaragua (215.0 tons)
- Malaysia (175.1 tons)
- Guatemala (115.9 tons)
- Philippines (89.7 tons)
Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in South Korea
For the fourth year in a row, South Korea recorded growth in supplies from abroad of fabrics; looped pile fabrics, of cotton, knitted or crocheted, which increased by 610% to 668 tons in 2022. In general, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted soared to $3.5M in 2022. Overall, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 45.6 | 259 | 38.3 | 3,192 | 312.1% |
| China | 15.1 | 56.7 | 376 | 259 | 157.9% |
| Vietnam | 6.7 | 24.0 | 237 | 31.7 | 67.9% |
| Indonesia | 91.5 | 29.8 | 1.6 | 2.3 | -70.7% |
| Others | 6.0 | 9.5 | 5.1 | 62.6 | 118.5% |
| Total | 165 | 379 | 658 | 3,547 | 178.1% |
Top Suppliers of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted to South Korea in 2022:
- India (629.4 tons)
- China (33.0 tons)
- Vietnam (2.4 tons)
- Indonesia (0.1 tons)
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