Price for Track Suits; of Cotton, Knitted or Crocheted in the UK - 2023
Contents:
- Price for Track Suits; of Cotton, Knitted or Crocheted in the UK (CIF) - 2023
- Price for Track Suits; of Cotton, Knitted or Crocheted in the UK (FOB) - 2022
- Imports of Track Suits; of Cotton, Knitted or Crocheted in the UK
- Exports of Track Suits; of Cotton, Knitted or Crocheted in the UK
Price for Track Suits; of Cotton, Knitted or Crocheted in the UK (CIF) - 2023
In November 2023, the average import price for track suits; of cotton, knitted or crocheted amounted to $12.4 per unit, with an increase of 33% against the previous month. Over the period under review, the import price, however, saw a perceptible downturn. The pace of growth appeared the most rapid in September 2023 an increase of 106% m-o-m. The import price peaked at $18.7 per unit in November 2022; however, from December 2022 to November 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Cambodia ($21.2 per unit), while the price for Bangladesh ($2.7 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the United States (+10.1%), while the prices for the other major suppliers experienced a decline.
Price for Track Suits; of Cotton, Knitted or Crocheted in the UK (FOB) - 2022
In 2022, the average export price for track suits; of cotton, knitted or crocheted amounted to $24 per unit, almost unchanged from the previous year. Overall, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average export price increased by 43% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($32 per unit), while the average price for exports to Belgium ($15 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Track Suits; of Cotton, Knitted or Crocheted in the UK
After three years of growth, supplies from abroad of track suits; of cotton, knitted or crocheted decreased by -21.8% to 5.9M units in 2022. The total import volume increased at an average annual rate of +4.9% 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 2020 with an increase of 26% against the previous year. Over the period under review, imports of attained the maximum at 7.6M units in 2021, and then contracted markedly in the following year.
In value terms, imports of track suits; of cotton, knitted or crocheted reduced to $94M in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +18.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 41% against the previous year. As a result, imports attained the peak of $100M, and then reduced in the following year.
| Import of Track Suits; of Cotton, Knitted or Crocheted in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 4.7 | 7.5 | 12.3 | 22.3 | 68.0% |
| Turkey | 5.5 | 19.2 | 27.0 | 20.4 | 54.8% |
| China | 3.1 | 2.1 | 5.9 | 11.1 | 53.0% |
| Pakistan | 10.0 | 15.7 | 15.1 | 10.4 | 1.3% |
| Vietnam | 0.5 | 0.4 | 1.4 | 8.5 | 157.1% |
| France | 5.3 | 4.6 | 9.0 | 4.3 | -6.7% |
| Germany | 2.6 | 4.9 | 5.7 | 2.8 | 2.5% |
| Bangladesh | 2.1 | 1.5 | 2.8 | 2.5 | 6.0% |
| Netherlands | 6.1 | 4.9 | 4.3 | 1.8 | -33.4% |
| Thailand | 0.9 | 0.6 | 2.4 | 1.6 | 21.1% |
| Italy | 10.1 | 4.7 | 8.7 | 1.0 | -53.7% |
| Others | 5.8 | 4.7 | 5.0 | 7.5 | 8.9% |
| Total | 56.8 | 70.8 | 99.5 | 94.2 | 18.4% |
Top Suppliers of Track Suits; of Cotton, Knitted or Crocheted to the UK in 2022:
- Turkey (1357.0K units)
- Cambodia (1118.0K units)
- Pakistan (977.3K units)
- China (791.5K units)
- Vietnam (436.1K units)
- Bangladesh (286.7K units)
- France (190.4K units)
- Thailand (108.1K units)
- Germany (99.3K units)
- Netherlands (87.9K units)
- Italy (19.2K units)
Exports of Track Suits; of Cotton, Knitted or Crocheted in the UK
In 2022, approx. 1M units of track suits; of cotton, knitted or crocheted were exported from the UK; picking up by 8% compared with the previous year. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +14.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +75.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 62%. The exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, exports of track suits; of cotton, knitted or crocheted expanded notably to $25M in 2022. In general, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 101%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Track Suits; of Cotton, Knitted or Crocheted in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | 16.9 | 12.7 | -24.9% |
| Ireland | 2.2 | 2.5 | 0.4 | 10.1 | 66.2% |
| France | 0.9 | 1.9 | 0.4 | 0.6 | -12.6% |
| Germany | 1.9 | 2.2 | 1.0 | 0.2 | -52.8% |
| Poland | 0.4 | 0.2 | 0.1 | 0.1 | -37.0% |
| Belgium | 1.4 | 0.9 | 1.1 | 0.1 | -58.5% |
| Others | 4.6 | 3.9 | 3.3 | 1.6 | -29.7% |
| Total | 11.3 | 11.6 | 23.4 | 25.5 | 31.2% |
Top Export Markets for Track Suits; of Cotton, Knitted or Crocheted from the UK in 2022:
- South Korea (506.3K units)
- Ireland (430.1K units)
- France (33.4K units)
- Germany (11.9K units)
- Belgium (9.2K units)
- Poland (5.2K units)
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