Price for Wigs; Complete, of Synthetic Textile Materials in China - 2024

Contents:

1. Price for Wigs; Complete, of Synthetic Textile Materials in China (FOB) - 2024
2. Price for Wigs; Complete, of Synthetic Textile Materials in China (CIF) - 2022
3. Exports of Wigs; Complete, of Synthetic Textile Materials in China
4. Imports of Wigs; Complete, of Synthetic Textile Materials in China

Price for Wigs; Complete, of Synthetic Textile Materials in China (FOB) - 2024

In April 2024, the average export price for wigs; complete, of synthetic textile materialses amounted to $4.8 per unit, reducing by -31.8% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2024 an increase of 37% against the previous month. As a result, the export price attained the peak level of $7.0 per unit, and then shrank markedly in the following month.

There were significant differences in the average prices for the major overseas markets. In April 2024, the country with the highest price was Cameroon ($14.5 per unit), while the average price for exports to India ($1.9 per unit) was amongst the lowest.

From May 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Cameroon (+21.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Wigs; Complete, of Synthetic Textile Materials in China (CIF) - 2022

The average import price for wigs; complete, of synthetic textile materialses stood at $7.2 per unit in 2022, picking up by 3.1% against the previous year. In general, the import price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when the average import price increased by 93% against the previous year. Over the period under review, average import prices attained the maximum at $56 per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Thailand ($160 per unit), while the price for South Korea ($3.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+18.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Wigs; Complete, of Synthetic Textile Materials in China

For the fourth year in a row, China recorded growth in shipments abroad of wigs; complete, of synthetic textile materialses, which increased by 43% to 46M units in 2022. Over the period under review, exports showed significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 98% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of wigs; complete, of synthetic textile materialses rose rapidly to $247M in 2022. Overall, exports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2021 when exports increased by 75% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Wigs; Complete, of Synthetic Textile Materials from China in 2022:

1. United States (13.4M units)
2. India (2.3M units)
3. Mexico (1.9M units)
4. Brazil (1.8M units)
5. United Kingdom (1.7M units)
6. Japan (1.2M units)
7. Pakistan (1.0M units)
8. Singapore (1.0M units)
9. Thailand (1.0M units)
10. United Arab Emirates (0.9M units)
11. Australia (0.8M units)
12. South Africa (0.8M units)
13. Russia (0.8M units)

Imports of Wigs; Complete, of Synthetic Textile Materials in China

For the fourth year in a row, China recorded growth in overseas purchases of wigs; complete, of synthetic textile materialses, which increased by 127% to 433K units in 2022. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 when imports increased by 612% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, imports of wigs; complete, of synthetic textile materialses skyrocketed to $3.1M in 2022. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Wigs; Complete, of Synthetic Textile Materials to China in 2022:

1. United States (99.1K units)
2. Democratic People's Republic of Korea (10.1K units)
3. Bangladesh (8.5K units)
4. Thailand (0.8K units)
5. South Korea (0.2K units)

Source: IndexBox Market Intelligence Platform