Price for Track Suits; of Cotton, Knitted or Crocheted in South Korea - 2022
Contents:
- Price for Track Suits; of Cotton, Knitted or Crocheted in South Korea (CIF) - 2022
- Price for Track Suits; of Cotton, Knitted or Crocheted in South Korea (FOB) - 2022
- Imports of Track Suits; of Cotton, Knitted or Crocheted in South Korea
- Exports of Track Suits; of Cotton, Knitted or Crocheted in South Korea
Price for Track Suits; of Cotton, Knitted or Crocheted in South Korea (CIF) - 2022
In 2022, the average import price for track suits; of cotton, knitted or crocheted amounted to $15 per unit, shrinking by -3.8% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2020 an increase of 10% against the previous year. The import price peaked at $15 per unit in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($16 per unit), while the price for Myanmar ($3.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Track Suits; of Cotton, Knitted or Crocheted in South Korea (FOB) - 2022
In 2022, the average export price for track suits; of cotton, knitted or crocheted amounted to $20 per unit, with an increase of 40% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for track suits; of cotton, knitted or crocheted increased by +105.8% against 2017 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($21 per unit) and Singapore ($20 per unit), while the average price for exports to the United Arab Emirates ($19 per unit) and Kazakhstan ($20 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Track Suits; of Cotton, Knitted or Crocheted in South Korea
In 2022, the amount of track suits; of cotton, knitted or crocheted imported into South Korea skyrocketed to 794K units, with an increase of 20% against 2021 figures. Overall, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 59%. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of track suits; of cotton, knitted or crocheted soared to $12M in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 75%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Import of Track Suits; of Cotton, Knitted or Crocheted in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.0 | 1.3 | 4.9 | 6.3 | 84.7% |
| Cambodia | 1.2 | 1.0 | 0.9 | 1.5 | 7.7% |
| Vietnam | 0.7 | 1.8 | 1.9 | 1.5 | 28.9% |
| Indonesia | 0.7 | 0.3 | 1.0 | 0.9 | 8.7% |
| Philippines | 0.2 | 0.2 | 0.2 | 0.4 | 26.0% |
| Myanmar | N/A | 0.3 | N/A | 0.3 | 0.0% |
| Pakistan | 0.8 | 0.4 | 0.3 | 0.2 | -37.0% |
| Others | 0.4 | 0.4 | 0.7 | 0.5 | 7.7% |
| Total | 5.1 | 5.8 | 10.1 | 11.7 | 31.9% |
Top Suppliers of Track Suits; of Cotton, Knitted or Crocheted to South Korea in 2022:
- China (394.2K units)
- Vietnam (97.4K units)
- Cambodia (92.3K units)
- Myanmar (78.0K units)
- Indonesia (58.0K units)
- Philippines (28.4K units)
- Pakistan (12.6K units)
Exports of Track Suits; of Cotton, Knitted or Crocheted in South Korea
In 2022, overseas shipments of track suits; of cotton, knitted or crocheted decreased by -21.4% to 1.9K units for the first time since 2018, thus ending a three-year rising trend. In general, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +17.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 70%. The exports peaked at 2.4K units in 2021, and then shrank remarkably in the following year.
In value terms, exports of track suits; of cotton, knitted or crocheted rose significantly to $38K in 2022. Overall, exports, however, posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 89% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Track Suits; of Cotton, Knitted or Crocheted in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 1.0 | 1.5 | 3.2 | 12.7 | 133.3% |
| Hong Kong SAR | 2.3 | 8.1 | 11.0 | 10.0 | 63.2% |
| Canada | N/A | N/A | 1.5 | 6.4 | 326.7% |
| United States | N/A | 0.1 | 0.2 | 2.6 | 409.9% |
| Australia | N/A | N/A | 6.3 | 1.7 | -73.0% |
| Singapore | N/A | N/A | N/A | 1.5 | 0% |
| Japan | 2.9 | 4.5 | 5.0 | 0.6 | -40.9% |
| China | 0.6 | 8.7 | N/A | 0.4 | -12.6% |
| France | 0.4 | N/A | 4.8 | 0.2 | -20.6% |
| Malaysia | 1.9 | 0.5 | 0.4 | 0.2 | -52.8% |
| Vietnam | 1.7 | 1.1 | 0.4 | N/A | -51.5% |
| Taiwan (Chinese) | 3.5 | 1.0 | 0.4 | N/A | -66.2% |
| Others | 0.8 | 3.1 | 2.1 | 2.3 | 42.2% |
| Total | 15.2 | 28.7 | 35.1 | 38.5 | 36.3% |
Top Export Markets for Track Suits; of Cotton, Knitted or Crocheted from South Korea in 2022:
- Thailand (627.0 units)
- Hong Kong SAR (489.0 units)
- Canada (314.0 units)
- United States (128.0 units)
- Australia (84.0 units)
- Singapore (75.0 units)
- Japan (27.0 units)
- China (19.0 units)
- France (11.0 units)
- Malaysia (8.0 units)
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