Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in China - 2024
Contents:
- Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in China (FOB) - 2022
- Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in China (CIF) - 2024
- Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in China
- Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in China
Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in China (FOB) - 2022
The average export price for fabrics, woven; from strip or the like, of synthetic textile materialses stood at $0.3 per square meter in 2022, almost unchanged from the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 30% against the previous year. As a result, the export price reached the peak level of $0.4 per square meter. From 2015 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($0.3 per square meter), while the average price for exports to Chile ($0.2 per square meter) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in China (CIF) - 2024
In May 2024, the average import price for fabrics, woven; from strip or the like, of synthetic textile materialses amounted to $393 per thousand square meters, picking up by 4.2% against the previous month. Over the period under review, import price indicated a moderate increase from May 2023 to May 2024: its price increased at an average monthly rate of +2.0% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on May 2024 figures, import price for fabrics, woven; from strip or the like, of synthetic textile materialses decreased by -7.1% against March 2024 indices. The most prominent rate of growth was recorded in March 2024 when the average import price increased by 41% against the previous month. The import price peaked at $459 per thousand square meters in September 2023; however, from October 2023 to May 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Portugal ($667 per thousand square meters), while the price for Vietnam ($172 per thousand square meters) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by South Korea (+5.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in China
In 2022, after three years of growth, there was significant decline in overseas shipments of fabrics, woven; from strip or the like, of synthetic textile materialses, when their volume decreased by -9.4% to 925M square meters. The total export volume increased at an average annual rate of +7.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 29%. As a result, the exports attained the peak of 1B square meters, and then declined in the following year.
In value terms, exports of fabrics, woven; from strip or the like, of synthetic textile materialses shrank to $243M in 2022. The total export value increased at an average annual rate of +7.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of $269M, and then shrank in the following year.
| Export of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 42.7 | 40.4 | 45.5 | 39.7 | -2.4% |
| Vietnam | 12.7 | 23.0 | 39.0 | 31.2 | 34.9% |
| Japan | 22.3 | 26.2 | 28.2 | 26.9 | 6.5% |
| Canada | 6.1 | 8.8 | 14.8 | 15.3 | 35.9% |
| South Korea | 7.5 | 8.4 | 8.0 | 11.7 | 16.0% |
| Philippines | 14.7 | 11.4 | 11.8 | 10.8 | -9.8% |
| Mexico | 2.1 | 0.7 | 2.5 | 8.0 | 56.2% |
| Australia | 5.5 | 6.1 | 5.9 | 6.6 | 6.3% |
| Malaysia | 6.1 | 5.2 | 8.1 | 5.3 | -4.6% |
| United Kingdom | 7.5 | 7.7 | 13.5 | 5.2 | -11.5% |
| Chile | 3.2 | 3.3 | 4.2 | 4.4 | 11.2% |
| Mongolia | 3.9 | 3.4 | 4.2 | 4.1 | 1.7% |
| Spain | 2.4 | 2.3 | 3.2 | 4.1 | 19.5% |
| Others | 57.9 | 49.7 | 79.6 | 69.8 | 6.4% |
| Total | 195 | 196 | 269 | 243 | 7.6% |
Top Export Markets for Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials from China in 2022:
- United States (136.0M square meters)
- Vietnam (128.8M square meters)
- Japan (77.0M square meters)
- Canada (60.0M square meters)
- Philippines (49.2M square meters)
- South Korea (34.8M square meters)
- Mexico (28.3M square meters)
- United Kingdom (23.9M square meters)
- Australia (23.4M square meters)
- Malaysia (21.1M square meters)
- Chile (20.6M square meters)
- Mongolia (18.3M square meters)
- Spain (15.8M square meters)
Imports of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in China
For the third year in a row, China recorded decline in overseas purchases of fabrics, woven; from strip or the like, of synthetic textile materialses, which decreased by -18% to 36M square meters in 2022. Overall, imports showed a abrupt descent. The smallest decline of -11.1% was in 2020. Imports peaked at 55M square meters in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of fabrics, woven; from strip or the like, of synthetic textile materialses fell significantly to $12M in 2022. Over the period under review, imports recorded a abrupt contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 2.9%. Over the period under review, imports of fabrics, woven; from strip or like, of synthetic textile materialses attained the peak figure at $15M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 5.2 | 2.4 | 3.5 | 3.4 | -13.2% |
| South Korea | 4.2 | 4.2 | 2.8 | 2.5 | -15.9% |
| Mexico | 0.1 | 0.3 | 1.8 | 0.9 | 108.0% |
| Indonesia | N/A | 0.7 | 0.7 | 0.3 | -34.5% |
| Saudi Arabia | 0.3 | 0.2 | 0.3 | 0.2 | -12.6% |
| Taiwan (Chinese) | 0.4 | 0.3 | 0.3 | 0.2 | -20.6% |
| Belgium | 0.6 | 0.5 | N/A | N/A | -16.7% |
| Others | 4.8 | 5.6 | 5.2 | 4.2 | -4.4% |
| Total | 15.5 | 14.2 | 14.6 | 11.7 | -8.9% |
Top Suppliers of Fabrics, Woven; from Strip or the Like, of Synthetic Textile Materials to China in 2022:
- Vietnam (16.8M square meters)
- South Korea (13.0M square meters)
- Indonesia (1.5M square meters)
- Mexico (1.0M square meters)
- Saudi Arabia (0.5M square meters)
- Taiwan (Chinese) (0.4M square meters)
- Belgium (0.1M square meters)
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