Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in China - 2023

Contents:

1. Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in China (FOB) - 2022
2. Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in China (CIF) - 2022
3. Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in China
4. Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in China

Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in China (FOB) - 2022

The average export price for fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $7,026 per ton in 2022, rising by 7% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by 17%. As a result, the export price reached the peak level of $8,043 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Hong Kong SAR ($7,882 per ton) and Vietnam ($7,592 per ton), while the average price for exports to Jordan ($6,267 per ton) and Bangladesh ($6,318 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+1.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in China (CIF) - 2022

The average import price for fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $6,514 per ton in 2022, falling by -17.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2013 an increase of 31% against the previous year. The import price peaked at $8,702 per ton in 2014; however, from 2015 to 2022, import prices remained at a 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 Japan ($18,090 per ton), while the price for South Korea ($6,075 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+13.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in China

In 2022, approx. 30K tons of fabrics; looped pile fabrics, of cotton, knitted or crocheted were exported from China; which is down by -17.9% against the previous year's figure. In general, total exports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +4.7% 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 +22.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 49%. As a result, the exports reached the peak of 37K tons, and then declined significantly in the following year.

In value terms, exports of fabrics; looped pile fabrics, of cotton, knitted or crocheted shrank to $211M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +42.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 62% against the previous year. As a result, the exports attained the peak of $240M, and then fell in the following year.

Top Export Markets for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted from China in 2022:

1. Cambodia (7.7K tons)
2. Vietnam (6.5K tons)
3. Bangladesh (5.1K tons)
4. Myanmar (3.0K tons)
5. Indonesia (2.1K tons)
6. Guatemala (1.9K tons)
7. Hong Kong SAR (1.0K tons)

Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in China

In 2022, overseas purchases of fabrics; looped pile fabrics, of cotton, knitted or crocheted decreased by -72.5% to 1.2K tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 17% against the previous year. As a result, imports attained the peak of 4.5K tons, and then fell significantly in the following year.

In value terms, imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted contracted remarkably to $8.1M in 2022. In general, imports saw a dramatic decline. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. As a result, imports reached the peak of $36M, and then dropped rapidly in the following year.

Top Suppliers of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted to China in 2022:

1. Vietnam (1167.4 tons)
2. Japan (35.8 tons)
3. South Korea (19.1 tons)

Source: IndexBox Market Intelligence Platform