Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in South Korea - 2022
Contents:
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in South Korea (CIF) - 2022
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in South Korea (FOB) - 2022
- Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in South Korea
- Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in South Korea
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in South Korea (CIF) - 2022
The average import price for track suits; of synthetic fibres, knitted or crocheteds stood at $12 per unit in 2022, remaining stable against the previous year. In general, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for track suits; of synthetic fibres, knitted or crocheteds increased by +10.5% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 51% against the previous year. Over the period under review, average import prices hit record highs at $14 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($13 per unit), while the price for Myanmar ($8.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in South Korea (FOB) - 2022
The average export price for track suits; of synthetic fibres, knitted or crocheteds stood at $21 per unit in 2022, increasing by 42% against the previous year. Overall, export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 an increase of 44% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($22 per unit) and China ($21 per unit), while the average price for exports to Vietnam ($17 per unit) and Saudi Arabia ($21 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 Saudi Arabia (+21.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in South Korea
In 2022, the amount of track suits; of synthetic fibres, knitted or crocheteds imported into South Korea contracted to 2.3M units, with a decrease of -6.4% against 2021 figures. Overall, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. Imports peaked at 2.8M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds declined to $28M in 2022. In general, imports recorded a drastic downturn. The pace of growth was the most pronounced in 2021 with an increase of 49% against the previous year. Imports peaked at $33M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Track Suits; of Synthetic Fibres, Knitted or Crocheted in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.2 | 7.1 | 9.5 | 11.4 | -4.8% |
| Vietnam | 10.1 | 5.5 | 10.7 | 11.3 | 3.8% |
| Cambodia | 1.3 | 0.9 | 1.8 | 1.8 | 11.5% |
| Thailand | 0.8 | 2.4 | 3.4 | 1.1 | 11.2% |
| Myanmar | 0.4 | 1.0 | 1.3 | 0.9 | 31.0% |
| Indonesia | 4.3 | 1.6 | 1.8 | 0.7 | -45.4% |
| Others | 3.3 | 1.1 | 1.0 | 0.7 | -40.4% |
| Total | 33.4 | 19.7 | 29.5 | 28.0 | -5.7% |
Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to South Korea in 2022:
- China (981.2K units)
- Vietnam (865.6K units)
- Cambodia (180.4K units)
- Myanmar (112.1K units)
- Thailand (84.3K units)
- Indonesia (56.3K units)
Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in South Korea
For the fourth year in a row, South Korea recorded growth in overseas shipments of track suits; of synthetic fibres, knitted or crocheteds, which increased by 1.4% to 37K units in 2022. The total export volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds skyrocketed to $777K in 2022. The total export value increased at an average annual rate of +8.5% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Track Suits; of Synthetic Fibres, Knitted or Crocheted in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 497 | 546 | 456 | 356 | -10.5% |
| Thailand | N/A | N/A | 1.5 | 192 | 12700.0% |
| Saudi Arabia | N/A | N/A | N/A | 56.7 | 0% |
| Philippines | N/A | N/A | N/A | 49.3 | 0% |
| Vietnam | 90.1 | 5.7 | 1.2 | 34.1 | -27.7% |
| Australia | N/A | N/A | 6.3 | 19.1 | 203.2% |
| Netherlands | N/A | N/A | N/A | 18.1 | 0% |
| Others | 20.8 | 22.7 | 76.4 | 51.9 | 35.6% |
| Total | 608 | 575 | 541 | 777 | 8.5% |
Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from South Korea in 2022:
- United States (16.7K units)
- Thailand (9.0K units)
- Saudi Arabia (2.7K units)
- Philippines (2.3K units)
- Vietnam (2.0K units)
- Australia (0.9K units)
- Netherlands (0.8K units)
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