Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Venezuela - 2022

Contents:

  1. Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Venezuela (CIF) - 2022
  2. Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Venezuela

Price for Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Venezuela (CIF) - 2022

In 2022, the average import price for fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds amounted to $2,942 per ton, growing by 15% against the previous year. Overall, the import price, however, saw a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by 27%. Over the period under review, average import prices hit record highs at $10,273 per ton in 2014; however, from 2015 to 2022, import prices stood 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 Spain ($6,673 per ton), while the price for China ($1,305 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (-2.8%), while the prices for the other major suppliers experienced a decline.

Imports of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Venezuela

In 2022, overseas purchases of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds decreased by -84.8% to 11 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 169% against the previous year. As a result, imports attained the peak of 71 tons, and then shrank sharply in the following year.

In value terms, imports of fabrics; looped pile fabrics, of man-made fibres, knitted or crocheteds dropped dramatically to $32K in 2022. Overall, imports showed a sharp decrease. The pace of growth appeared the most rapid in 2021 with an increase of 241%. As a result, imports attained the peak of $183K, and then contracted notably in the following year.

Import of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted in Venezuela (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Germany36.027.251.722.1-15.0%
China14.018.21207.1-20.3%
Spain11.26.18.31.8-45.6%
Others6.52.23.00.8-50.3%
Total67.753.718331.8-22.3%

Top Suppliers of Fabrics; Looped Pile Fabrics, of Man-Made Fibres, Knitted or Crocheted to Venezuela in 2022:

  1. China (5.4 tons)
  2. Germany (4.9 tons)
  3. Spain (0.3 tons)

Source: IndexBox Market Intelligence Platform

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