Price for Knitted or Crocheted Pile Fabrics in Nepal - 2022
Contents:
- Price for Knitted or Crocheted Pile Fabrics in Nepal (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in Nepal (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in Nepal
- Exports of Knitted or Crocheted Pile Fabrics in Nepal
Price for Knitted or Crocheted Pile Fabrics in Nepal (CIF) - 2022
In 2022, the average import price for knitted or crocheted pile fabricses amounted to $9,623 per ton, growing by 207% against the previous year. Overall, the import price recorded prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($14,586 per ton), while the price for South Korea ($1,194 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+22.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knitted or Crocheted Pile Fabrics in Nepal (FOB) - 2022
In 2022, the average export price for knitted or crocheted pile fabricses amounted to $13,313 per ton, which is down by -2.7% against the previous year. Overall, export price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, knitted or crocheted pile fabrics export price increased by +72.6% against 2012 indices. The pace of growth was the most pronounced in 2013 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $13,679 per ton in 2021, and then declined in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($160,195 per ton), while the average price for exports to China ($1,804 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 Italy (+45.9%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Knitted or Crocheted Pile Fabrics in Nepal
In 2022, knitted or crocheted pile fabrics imports into Nepal declined rapidly to 261 tons, falling by -95.8% on 2021 figures. Overall, imports showed a sharp contraction. The growth pace was the most rapid in 2021 when imports increased by 40%. As a result, imports attained the peak of 6.2K tons, and then dropped significantly in the following year.
In value terms, knitted or crocheted pile fabrics imports declined rapidly to $2.5M in 2022. Over the period under review, imports showed a precipitous decrease. The most prominent rate of growth was recorded in 2021 with an increase of 81%. As a result, imports reached the peak of $20M, and then contracted remarkably in the following year.
| Import of Knitted or Crocheted Pile Fabrics in Nepal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.1 | 9.6 | 14.6 | 1.8 | -43.7% |
| India | 0.4 | 0.6 | 3.7 | 0.5 | 7.7% |
| Bangladesh | 0.4 | 0.1 | 0.4 | 0.1 | -37.0% |
| Taiwan (Chinese) | 0.2 | N/A | 0.1 | 0.1 | -20.6% |
| Singapore | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| South Korea | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Thailand | 0.2 | 0.2 | 0.5 | N/A | 58.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.5 | 10.8 | 19.6 | 2.5 | -39.9% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to Nepal in 2022:
- China (180.1 tons)
- India (32.3 tons)
- Bangladesh (22.9 tons)
- South Korea (9.9 tons)
- Taiwan (Chinese) (6.4 tons)
- Singapore (6.4 tons)
- Thailand (2.7 tons)
Exports of Knitted or Crocheted Pile Fabrics in Nepal
After two years of decline, overseas shipments of knitted or crocheted pile fabricses increased by 8% to 1.3 tons in 2022. Overall, exports, however, recorded a deep slump.
In value terms, knitted or crocheted pile fabrics exports expanded rapidly to $17K in 2022. In general, exports, however, continue to indicate a noticeable setback.
| Export of Knitted or Crocheted Pile Fabrics in Nepal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 13.6 | 10.7 | 9.2 | 9.1 | -12.5% |
| Italy | 2.9 | 3.0 | 4.1 | 4.5 | 15.8% |
| United Kingdom | 2.6 | 2.4 | 2.4 | 2.8 | 2.5% |
| China | 0.1 | 0.1 | N/A | N/A | 0.0% |
| Others | 0.2 | 1.4 | 0.2 | 0.4 | 26.0% |
| Total | 19.4 | 17.6 | 16.0 | 16.8 | -4.7% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from Nepal in 2022:
- India (1181.0 kg)
- Italy (28.0 kg)
- United Kingdom (26.0 kg)
- China (22.0 kg)
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