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U.S. - Knitted Or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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Article Publishing Date: Oct 25, 2022
U.S. Knitted Fabric Price Picks up Slightly to $6.3K per Ton
U.S. Knitted Fabric Import Price per Ton August 2022
In August 2022, the knitted fabric price per ton stood at $6.3K, picking up by 4.3% against the previous month. Over the last seven months, it increased at an average monthly rate of +2.6%. The pace of growth appeared the most rapid in March 2022 when the average import price increased by 13% m-o-m. Over the period under review, average import prices reached the maximum in August 2022.
Prices varied noticeably by the country of origin: the country with the highest price was Taiwan (Chinese) ($12.9K per ton), while the price for China ($4.8K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by China (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
U.S. Knitted Fabric Import Prices by Type
There were significant differences in the average prices amongst the major supplied products. In August 2022, the product with the highest price was fabrics; knitted or crocheted fabrics, other than those of heading 60.01 and 60.02, of a width not exceeding 30 cm, ($12.5K per ton), while the price for fabrics; knitted or crocheted fabrics, other than those of headings 60.01 to 60.04 ($5.3K per ton) was amongst the lowest.
From January 2022 to August 2022, the most notable rate of growth in terms of prices was attained by fabrics; knitted or crocheted fabrics of a width exceeding 30 cm, other than those of heading 60.01, containing by weight 5% or more of elastomeric yarn or rubber thread (+4.1%), while the prices for the other products experienced more modest paces of growth.
U.S. Knitted Fabric Imports
For the third month in a row, the United States recorded decline in overseas purchases of knitted or crocheted fabrics, which decreased by -7% to 15K tons in August 2022. Overall, imports saw a perceptible downturn. The pace of growth appeared the most rapid in May 2022 with an increase of 23% month-to-month. As a result, imports attained the peak of 22K tons. From June 2022 to August 2022, the growth of imports remained at a somewhat lower figure.
In value terms, knitted fabric imports declined to $97M (IndexBox estimates) in August 2022. Over the period under review, imports recorded a slight decrease. The pace of growth appeared the most rapid in March 2022 with an increase of 20% m-o-m. Over the period under review, imports reached the peak figure at $130M in May 2022; however, from June 2022 to August 2022, imports failed to regain momentum.
U.S. Knitted Fabric Imports by Type
Fabrics; knitted or crocheted fabrics, other than those of headings 60.01 to 60.04 (7.8K tons), fabrics; warp knit (including those made on galloon knitting machines), other than those of headings 60.01 to 60.04 (4.8K tons) and fabrics; pile fabrics, including "long pile" fabrics and terry fabrics, knitted or crocheted (1.5K tons) were the main products of knitted fabric imports to the United States, together accounting for 91% of total imports. These products were followed by fabrics; knitted or crocheted fabrics of a width exceeding 30 cm, other than those of heading 60.01, containing by weight 5% or more of elastomeric yarn or rubber thread, fabrics; knitted or crocheted fabrics, other than those of heading 60.01 and 60.02, of a width not exceeding 30 cm, and fabrics; knitted or crocheted, other than those of heading no. 6001, which together accounted for a further 9.1%.
From January 2022 to August 2022, the biggest increases were in fabrics; knitted or crocheted fabrics, other than those of heading 60.01 and 60.02, of a width not exceeding 30 cm, (with a CAGR of +8.9%), while purchases for the other products experienced more modest paces of growth.
In value terms, fabrics; knitted or crocheted fabrics, other than those of headings 60.01 to 60.04 ($42M), fabrics; warp knit (including those made on galloon knitting machines), other than those of headings 60.01 to 60.04 ($26M) and fabrics; pile fabrics, including "long pile" fabrics and terry fabrics, knitted or crocheted ($16M) constituted the most imported types of knitted or crocheted fabrics in the United States, with a combined 86% share of total imports.
U.S. Knitted Fabric Imports by Country
China (5.1K tons), India (3.8K tons) and South Korea (2.5K tons) were the main suppliers of knitted fabric imports to the United States, together accounting for 74% of total imports. Israel, Taiwan (Chinese), Canada and Mexico lagged somewhat behind, together accounting for a further 18%.
From January 2022 to August 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Taiwan (Chinese) (with a CAGR of +3.2%), while imports for the other leaders experienced mixed trend patterns.
In value terms, the largest knitted fabric suppliers to the United States were China ($24M), India ($22M) and South Korea ($15M), together comprising 63% of total imports. Israel, Taiwan (Chinese), Canada and Mexico lagged somewhat behind, together accounting for a further 24%.
Taiwan (Chinese), with a CAGR of +4.2%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the knitted fabric market in the U.S.. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
• Prodcom 13911100 - Pile fabrics, terry fabrics, knitted or crocheted
• Prodcom 13911910 - Knitted or crocheted fabrics (excluding pile fabrics)
Country coverage:
• United States
Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in the U.S.
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles
Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
2.1
KEY FINDINGS
2.2
MARKET TRENDS
This Chapter is Available Only for the Professional Edition
PRO
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
8.1
IMPORTS FROM 2012–2022
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
9.1
EXPORTS FROM 2012–2022
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
LIST OF TABLES
Table 1:
Key Findings In 2022
Table 2:
Market Volume, In Physical Terms, 2012–2022
Table 3:
Market Value, 2012–2022
Table 4:
Per Capita Consumption In 2007-2022
Table 5:
Imports, In Physical Terms, By Country, 2012–2022
Table 6:
Imports, In Value Terms, By Country, 2012–2022
Table 7:
Import Prices, By Country Of Origin, 2012–2022
Table 8:
Exports, In Physical Terms, By Country, 2012–2022
Table 9:
Exports, In Value Terms, By Country, 2012–2022
Table 10:
Export Prices, By Country Of Destination, 2012–2022
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2012–2022
Figure 2:
Market Value, 2012–2022
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007-2022
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007-2022
Figure 5:
Trade Balance, In Physical Terms, 2007-2022
Figure 6:
Trade Balance, In Value Terms, 2007-2022
Figure 7:
Per Capita Consumption, 2007-2022
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2012–2022
Figure 21:
Production, In Value Terms, 2012–2022
Figure 22:
Imports, In Physical Terms, 2012–2022
Figure 23:
Imports, In Value Terms, 2012–2022
Figure 24:
Imports, In Physical Terms, By Country, 2022
Figure 25:
Imports, In Physical Terms, By Country, 2012–2022
Figure 26:
Imports, In Value Terms, By Country, 2012–2022
Figure 27:
Import Prices, By Country Of Origin, 2012–2022
Figure 28:
Exports, In Physical Terms, 2012–2022
Figure 29:
Exports, In Value Terms, 2012–2022
Figure 30:
Exports, In Physical Terms, By Country, 2022
Figure 31:
Exports, In Physical Terms, By Country, 2012–2022
Figure 32:
Exports, In Value Terms, By Country, 2012–2022
Figure 33:
Export Prices, By Country Of Destination, 2012–2022
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