Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in South Korea - 2022
Contents:
- Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in South Korea (FOB) - 2022
- Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in South Korea (CIF) - 2022
- Exports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in South Korea
- Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in South Korea
Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in South Korea (FOB) - 2022
The average export price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds stood at $9,160 per ton in 2022, remaining constant against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 12% against the previous year. The export price peaked at $9,243 per ton in 2021, and then reduced in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($12,493 per ton), while the average price for exports to Bangladesh ($7,287 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 Algeria (+8.6%), 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 South Korea (CIF) - 2022
The average import price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds stood at $5,813 per ton in 2022, increasing by 4.7% against the previous year. Overall, the import price, however, recorded a abrupt slump. The pace of growth was the most pronounced in 2013 when the average import price increased by 27% against the previous year. As a result, import price reached the peak level of $23,300 per ton. From 2014 to 2022, the average import prices remained at a somewhat 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 the United States ($25,859 per ton), while the price for China ($4,515 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in South Korea
After two years of decline, overseas shipments of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds increased by 6% to 2.2K tons in 2022. Over the period under review, exports, however, saw a slight setback.
In value terms, exports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds expanded remarkably to $21M in 2022. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 13.2 | 11.6 | 12.4 | 12.4 | -2.1% |
| United States | 0.6 | 0.7 | 0.9 | 2.9 | 69.1% |
| China | 2.4 | 2.2 | 2.3 | 2.2 | -2.9% |
| Indonesia | 1.3 | 0.9 | 1.1 | 0.9 | -11.5% |
| Philippines | 1.0 | 2.3 | 1.2 | 0.8 | -7.2% |
| Bangladesh | 0.5 | 0.6 | 0.7 | 0.6 | 6.3% |
| Thailand | 0.8 | 0.1 | N/A | N/A | -87.5% |
| Others | 0.8 | 1.1 | 0.9 | 0.8 | 0.0% |
| Total | 20.6 | 19.6 | 19.6 | 20.6 | 0.0% |
Top Export Markets for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted from South Korea in 2022:
- Vietnam (1297.4 tons)
- United States (357.2 tons)
- China (284.8 tons)
- Indonesia (96.2 tons)
- Bangladesh (82.5 tons)
- Philippines (63.1 tons)
- Thailand (0.7 tons)
Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in South Korea
In 2022, the amount of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds imported into South Korea totaled 903 tons, rising by 4.4% against 2021. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +24.3% 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 +91.9% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 59% against the previous year. Over the period under review, imports of hit record highs 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 expanded markedly to $5.2M in 2022. In general, imports showed significant growth. The growth pace was the most rapid in 2020 when imports increased by 41%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,096 | 2,977 | 3,239 | 3,311 | 16.5% |
| Taiwan (Chinese) | 1.2 | 0.8 | 778 | 936 | 820.5% |
| United States | 172 | 226 | 395 | 601 | 51.7% |
| Vietnam | 114 | 174 | 305 | 300 | 38.1% |
| Others | 46.9 | 54.8 | 83.4 | 98.0 | 27.8% |
| Total | 2,430 | 3,433 | 4,800 | 5,246 | 29.2% |
Top Suppliers of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted to South Korea in 2022:
- China (733.3 tons)
- Taiwan (Chinese) (111.0 tons)
- Vietnam (29.8 tons)
- United States (23.3 tons)
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