Price for Knitted or Crocheted Pile Fabrics in Thailand - 2023

Contents:

  1. Price for Knitted or Crocheted Pile Fabrics in Thailand (FOB) - 2022
  2. Price for Knitted or Crocheted Pile Fabrics in Thailand (CIF) - 2022
  3. Exports of Knitted or Crocheted Pile Fabrics in Thailand
  4. Imports of Knitted or Crocheted Pile Fabrics in Thailand

Price for Knitted or Crocheted Pile Fabrics in Thailand (FOB) - 2022

The average export price for knitted or crocheted pile fabricses stood at $5,502 per ton in 2022, rising by 5.7% against the previous year. Overall, the export price, however, continues to indicate a mild downturn. The pace of growth appeared the most rapid in 2019 an increase of 31%. As a result, the export price reached the peak level of $7,688 per ton. From 2020 to 2022, the average export prices failed to regain momentum.

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 Cambodia ($7,594 per ton), while the average price for exports to Poland ($3,429 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ethiopia (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Knitted or Crocheted Pile Fabrics in Thailand (CIF) - 2022

In 2022, the average import price for knitted or crocheted pile fabricses amounted to $7,500 per ton, picking up by 2.1% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the peak figure at $7,530 per ton in 2012; afterwards, it flattened through to 2022.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Taiwan (Chinese) ($12,529 per ton), while the price for Japan ($4,965 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Knitted or Crocheted Pile Fabrics in Thailand

After three years of growth, shipments abroad of knitted or crocheted pile fabricses decreased by -31.5% to 5.2K tons in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +9.1% 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 +29.7% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 50%. As a result, the exports reached the peak of 7.6K tons, and then contracted markedly in the following year.

In value terms, knitted or crocheted pile fabrics exports dropped significantly to $29M in 2022. Over the period under review, exports recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 with an increase of 43%. As a result, the exports reached the peak of $39M, and then dropped dramatically in the following year.

Export of Knitted or Crocheted Pile Fabrics in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam14.715.319.514.3-0.9%
Myanmar1.70.92.31.6-2.0%
South Africa0.80.91.11.523.3%
Cambodia4.23.04.81.5-29.1%
United States0.40.40.61.140.1%
India1.30.81.11.1-5.4%
Bangladesh0.10.10.21.0115.4%
Sri Lanka1.41.11.00.8-17.0%
Argentina0.10.20.80.8100.0%
Italy0.40.30.30.57.7%
Ethiopia0.1N/A0.50.571.0%
Poland0.30.40.50.30.0%
United Kingdom0.60.70.60.3-20.6%
Others4.53.46.13.3-9.8%
Total30.727.539.428.5-2.4%

Top Export Markets for Knitted or Crocheted Pile Fabrics from Thailand in 2022:

  1. Vietnam (2465.1 tons)
  2. South Africa (344.1 tons)
  3. Myanmar (283.5 tons)
  4. India (250.6 tons)
  5. Argentina (224.2 tons)
  6. Bangladesh (222.1 tons)
  7. Cambodia (198.2 tons)
  8. United States (163.2 tons)
  9. Sri Lanka (141.4 tons)
  10. Poland (96.9 tons)
  11. Italy (95.2 tons)
  12. Ethiopia (80.7 tons)
  13. United Kingdom (79.4 tons)

Imports of Knitted or Crocheted Pile Fabrics in Thailand

In 2022, approx. 5.6K tons of knitted or crocheted pile fabricses were imported into Thailand; surging by 7.8% compared with the previous year's figure. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 18%.

In value terms, knitted or crocheted pile fabrics imports totaled $42M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

Import of Knitted or Crocheted Pile Fabrics in Thailand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China13.612.714.920.514.7%
Taiwan (Chinese)11.24.37.67.4-12.9%
Vietnam2.01.78.03.115.7%
Hong Kong SAR4.26.72.02.0-21.9%
Cambodia0.20.4N/A1.8108.0%
Indonesia0.80.90.91.317.6%
South Korea1.30.30.60.7-18.6%
Japan1.00.40.50.5-20.6%
Others3.52.73.95.012.6%
Total37.930.038.542.33.7%

Top Suppliers of Knitted or Crocheted Pile Fabrics to Thailand in 2022:

  1. China (3733.3 tons)
  2. Taiwan (Chinese) (592.0 tons)
  3. Vietnam (323.8 tons)
  4. Hong Kong SAR (213.4 tons)
  5. Cambodia (178.7 tons)
  6. Indonesia (163.4 tons)
  7. Japan (105.7 tons)
  8. South Korea (70.4 tons)

Source: IndexBox Market Intelligence Platform

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