Price for Knitted or Crocheted Pile Fabrics in the United States - 2023
Contents:
- Price for Knitted or Crocheted Pile Fabrics in the United States (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in the United States (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in the United States
- Exports of Knitted or Crocheted Pile Fabrics in the United States
Price for Knitted or Crocheted Pile Fabrics in the United States (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $5,419 per ton in 2022, which is down by -30% against the previous year. Overall, the import price, however, posted a noticeable expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 55%. The import price peaked at $8,963 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Korea ($6,671 per ton) and Taiwan (Chinese) ($5,260 per ton), while the price for India ($4,791 per ton) and China ($5,221 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.7%), while the prices for the other major suppliers experienced a decline.
Price for Knitted or Crocheted Pile Fabrics in the United States (FOB) - 2022
The average export price for knitted or crocheted pile fabricses stood at $21,053 per ton in 2022, rising by 78% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 +92.8% against 2020 indices. 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 Taiwan (Chinese) ($66,303 per ton), while the average price for exports to Honduras ($7,792 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 the Dominican Republic (+26.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knitted or Crocheted Pile Fabrics in the United States
In 2022, imports of knitted or crocheted pile fabricses into the United States surged to 26K tons, picking up by 51% on 2021 figures. Overall, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, knitted or crocheted pile fabrics imports expanded significantly to $141M in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 25%. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of Knitted or Crocheted Pile Fabrics in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 78.0 | 63.7 | 73.8 | 64.5 | -6.1% |
| India | 3.4 | 10.2 | 21.2 | 42.3 | 131.7% |
| South Korea | 22.8 | 20.0 | 25.2 | 20.1 | -4.1% |
| Taiwan (Chinese) | 9.0 | 6.6 | 5.5 | 5.1 | -17.2% |
| Others | 8.0 | 6.5 | 7.6 | 8.8 | 3.2% |
| Total | 121 | 107 | 133 | 141 | 5.2% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to the United States in 2022:
- China (12.4K tons)
- India (8.8K tons)
- South Korea (3.0K tons)
- Taiwan (Chinese) (1.0K tons)
Exports of Knitted or Crocheted Pile Fabrics in the United States
Knitted or crocheted pile fabrics exports from the United States shrank notably to 4.1K tons in 2022, reducing by -30.8% against 2021 figures. In general, exports continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.
In value terms, knitted or crocheted pile fabrics exports surged to $87M in 2022. Over the period under review, exports, however, showed 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 Knitted or Crocheted Pile Fabrics in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 44.5 | 31.3 | 27.3 | 21.4 | -21.7% |
| Dominican Republic | 1.3 | 0.6 | 10.1 | 15.4 | 128.0% |
| El Salvador | 5.7 | 4.2 | 5.5 | 9.3 | 17.7% |
| China | 3.5 | 1.7 | 2.6 | 4.9 | 11.9% |
| Taiwan (Chinese) | 0.1 | 0.1 | 2.4 | 4.8 | 263.4% |
| Nicaragua | 1.2 | 0.4 | 1.4 | 4.5 | 55.4% |
| Vietnam | 3.1 | 2.6 | 2.8 | 4.4 | 12.4% |
| Canada | 5.9 | 5.2 | 4.8 | 4.0 | -12.2% |
| Guatemala | 0.2 | 0.6 | 1.2 | 1.8 | 108.0% |
| Japan | 1.1 | 1.0 | 1.0 | 1.5 | 10.9% |
| Italy | 0.5 | 0.5 | 1.2 | 1.4 | 40.9% |
| Honduras | 3.2 | 0.6 | 0.5 | 1.0 | -32.1% |
| Australia | 2.7 | 2.0 | 0.1 | N/A | -80.8% |
| Others | 11.9 | 8.1 | 9.9 | 12.8 | 2.5% |
| Total | 85.0 | 58.8 | 70.6 | 87.1 | 0.8% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from the United States in 2022:
- Mexico (1407.8 tons)
- Nicaragua (395.7 tons)
- Dominican Republic (365.2 tons)
- Canada (300.4 tons)
- China (255.0 tons)
- El Salvador (201.2 tons)
- Honduras (125.0 tons)
- Japan (116.5 tons)
- Vietnam (109.6 tons)
- Guatemala (81.0 tons)
- Italy (72.1 tons)
- Taiwan (Chinese) (71.9 tons)
- Australia (1.8 tons)
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