Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in the UK - 2023
Contents:
- Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in the UK (CIF) - 2022
- Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in the UK (FOB) - 2022
- Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in the UK
- Exports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in the UK
Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in the UK (CIF) - 2022
The average import price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds stood at $7,604 per ton in 2022, with an increase of 18% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 42%. Over the period under review, average import prices attained the peak figure in 2022 and is expected to retain growth in the near future.
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 Taiwan (Chinese) ($40,946 per ton), while the price for Germany ($3,790 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in the UK (FOB) - 2022
The average export price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds stood at $27,299 per ton in 2022, growing by 118% against the previous year. Overall, the export price continues to indicate a remarkable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Romania ($44,527 per ton), while the average price for exports to Latvia ($9,108 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 South Africa (+325.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in the UK
After three years of growth, overseas purchases of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds decreased by -15.8% to 387 tons in 2022. The total import volume increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 20%. As a result, imports reached the peak of 460 tons, and then contracted sharply in the following year.
In value terms, imports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds fell to $2.9M in 2022. In general, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +56.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. As a result, imports reached the peak of $3M, leveling off in the following year.
| Import of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 559 | 451 | 759 | 819 | 13.6% |
| Spain | 575 | 471 | 375 | 479 | -5.9% |
| United States | 76.7 | 291 | 578 | 368 | 68.7% |
| Thailand | 82.1 | 513 | 943 | 327 | 58.5% |
| Germany | 218 | 87.1 | 12.4 | 253 | 5.1% |
| Italy | 24.6 | 41.1 | 48.7 | 178 | 93.4% |
| India | N/A | N/A | N/A | 55.5 | 0% |
| Others | 345 | 136 | 251 | 465 | 10.5% |
| Total | 1,880 | 1,991 | 2,967 | 2,946 | 16.2% |
Top Suppliers of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted to the UK in 2022:
- China (170.8 tons)
- Thailand (68.2 tons)
- Germany (66.7 tons)
- Spain (25.6 tons)
- United States (14.8 tons)
- India (14.4 tons)
- Italy (10.7 tons)
Exports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in the UK
In 2022, shipments abroad of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds increased by 26% to 38 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a precipitous slump.
In value terms, exports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds skyrocketed to $1M in 2022. In general, exports recorded a buoyant increase. As a result, the exports attained 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 the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Romania | N/A | N/A | 3.5 | 586 | 16642.9% |
| South Africa | N/A | N/A | 56.2 | 173 | 207.8% |
| Ireland | 333 | 427 | 39.3 | 97.6 | -33.6% |
| Germany | 3.2 | 19.5 | 76.4 | 38.8 | 129.7% |
| Lithuania | 179 | 29.8 | 3.1 | 29.4 | -45.2% |
| Latvia | N/A | N/A | 6.3 | 7.6 | 20.6% |
| Poland | 24.0 | 137 | 19.1 | 5.3 | -39.6% |
| Sweden | 19.8 | 6.9 | 60.2 | 3.6 | -43.3% |
| Finland | 18.7 | 9.3 | 1.5 | N/A | -71.7% |
| Estonia | 33.4 | 13.2 | 8.1 | N/A | -50.8% |
| Others | 134 | 42.8 | 109 | 107 | -7.2% |
| Total | 746 | 685 | 382 | 1,049 | 12.0% |
Top Export Markets for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted from the UK in 2022:
- Romania (13.2 tons)
- Ireland (9.7 tons)
- South Africa (6.8 tons)
- Lithuania (2.4 tons)
- Germany (1.0 tons)
- Latvia (0.8 tons)
- Sweden (0.4 tons)
- Poland (0.2 tons)
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