Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in China - 2023
Contents:
- Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in China (FOB) - 2022
- Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in China (CIF) - 2022
- Exports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in China
- Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in China
Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in China (FOB) - 2022
The average export price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds stood at $4,808 per ton in 2022, approximately mirroring the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 27% against the previous year. As a result, the export price reached the peak level of $6,895 per ton. From 2015 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($6,546 per ton), while the average price for exports to Mexico ($2,888 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 Cambodia (+1.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in China (CIF) - 2022
The average import price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds stood at $6,291 per ton in 2022, falling by -8% against the previous year. Overall, the import price showed a mild curtailment. The pace of growth appeared the most rapid in 2013 an increase of 28% against the previous year. The import price peaked at $10,441 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 the United States ($52,175 per ton), while the price for Vietnam ($3,955 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+13.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in China
In 2022, shipments abroad of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds decreased by -13.9% to 46K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.8% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 54%. As a result, the exports attained the peak of 53K tons, and then declined in the following year.
In value terms, exports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds contracted to $221M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 63% against the previous year. As a result, the exports attained the peak of $259M, and then contracted in the following year.
| Export of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 48.9 | 51.8 | 66.7 | 48.2 | -0.5% |
| Cambodia | 14.2 | 14.5 | 29.6 | 35.0 | 35.1% |
| Bangladesh | 9.1 | 9.8 | 18.6 | 19.8 | 29.6% |
| Turkey | 6.2 | 6.0 | 9.1 | 11.6 | 23.2% |
| Mexico | 3.2 | 2.9 | 11.8 | 11.3 | 52.3% |
| United States | 10.8 | 9.5 | 10.5 | 10.1 | -2.2% |
| Myanmar | N/A | 7.2 | 6.3 | 8.7 | 9.9% |
| Russia | 3.9 | 2.9 | 3.9 | 4.9 | 7.9% |
| Iran | N/A | 0.3 | 1.4 | 4.7 | 295.8% |
| India | 2.9 | 1.1 | 3.0 | 4.6 | 16.6% |
| Netherlands | 2.9 | 2.4 | 3.9 | 4.2 | 13.1% |
| Canada | 1.2 | 3.3 | 3.7 | 4.1 | 50.6% |
| South Africa | 5.6 | 3.2 | 5.6 | 3.4 | -15.3% |
| Others | 57.1 | 43.9 | 84.7 | 50.1 | -4.3% |
| Total | 166 | 159 | 259 | 221 | 10.0% |
Top Export Markets for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted from China in 2022:
- Vietnam (7.4K tons)
- Cambodia (6.3K tons)
- Bangladesh (3.9K tons)
- Mexico (3.9K tons)
- Turkey (3.4K tons)
- United States (1.8K tons)
- Myanmar (1.5K tons)
- Russia (1.4K tons)
- Iran (1.3K tons)
- South Africa (1.0K tons)
- India (1.0K tons)
- Canada (0.9K tons)
- Netherlands (0.9K tons)
Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in China
In 2022, imports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds into China rose markedly to 1.3K tons, growing by 13% against the year before. Overall, imports posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 52% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds stood at $8.1M in 2022. The total import value increased at an average annual rate of +11.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.
| Import of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,137 | 1,793 | 2,459 | 3,375 | 43.7% |
| Taiwan (Chinese) | 988 | 740 | 1,755 | 1,433 | 13.2% |
| South Korea | 988 | 954 | 1,397 | 1,040 | 1.7% |
| Italy | 196 | 155 | 554 | 1,025 | 73.6% |
| Germany | 245 | 418 | 571 | 528 | 29.2% |
| Japan | 602 | 646 | 417 | 440 | -9.9% |
| United States | 1,352 | 520 | 658 | 216 | -45.7% |
| Malaysia | 133 | 592 | N/A | 42.8 | -31.5% |
| Others | 262 | 269 | 17.3 | 49.5 | -42.6% |
| Total | 5,903 | 6,086 | 7,830 | 8,148 | 11.3% |
Top Suppliers of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted to China in 2022:
- Vietnam (853.3 tons)
- South Korea (159.9 tons)
- Taiwan (Chinese) (144.3 tons)
- Germany (42.3 tons)
- Italy (39.2 tons)
- Japan (37.7 tons)
- United States (4.1 tons)
- Malaysia (4.0 tons)
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