Price for Braids; in the Piece in China - 2023
Contents:
- Price for Braids; in the Piece in China (FOB) - 2023
- Price for Braids; in the Piece in China (CIF) - 2022
- Exports of Braids; in the Piece in China
- Imports of Braids; in the Piece in China
Price for Braids; in the Piece in China (FOB) - 2023
The average braids; in the piece export price stood at $8,303 per ton in June 2023, picking up by 35% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.9%. The export price peaked at $10,037 per ton in December 2022; however, from January 2023 to June 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In June 2023, the country with the highest price was Vietnam ($23,091 per ton), while the average price for exports to Chile ($3,239 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Braids; in the Piece in China (CIF) - 2022
The average braids; in the piece import price stood at $14,713 per ton in 2022, with a decrease of -4.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 an increase of 16% against the previous year. The import price peaked at $18,752 per ton in 2017; however, from 2018 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 Japan ($42,232 per ton), while the price for the Philippines ($8,147 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+26.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Braids; in the Piece in China
In 2022, the amount of braids; in the pieces exported from China fell modestly to 15K tons, which is down by -4.5% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. As a result, the exports reached the peak of 15K tons, and then shrank slightly in the following year.
In value terms, braids; in the piece exports reached $106M in 2022. In general, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +9.2% 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 +55.4% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Braids; in the Piece in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 12.8 | 11.4 | 18.5 | 16.4 | 8.6% |
| Cambodia | 7.4 | 6.8 | 7.8 | 15.2 | 27.1% |
| Bangladesh | 7.7 | 7.1 | 11.1 | 10.8 | 11.9% |
| Indonesia | 4.8 | 3.9 | 8.1 | 6.0 | 7.7% |
| Thailand | 7.6 | 5.0 | 4.9 | 4.6 | -15.4% |
| United States | 2.9 | 2.6 | 4.6 | 4.0 | 11.3% |
| Brazil | 1.8 | 1.0 | 2.4 | 3.6 | 26.0% |
| India | 1.7 | 1.4 | 2.7 | 2.9 | 19.5% |
| Myanmar | 4.1 | 2.1 | 1.7 | 2.7 | -13.0% |
| Turkey | 1.9 | 2.0 | 2.4 | 2.5 | 9.6% |
| Netherlands | 2.1 | 2.4 | 2.7 | 2.1 | 0.0% |
| Saudi Arabia | 2.8 | 2.5 | 2.1 | 1.9 | -12.1% |
| Chile | 0.4 | 0.4 | 1.0 | 1.0 | 35.7% |
| Others | 23.6 | 19.9 | 29.4 | 32.6 | 11.4% |
| Total | 81.8 | 68.5 | 99.5 | 106 | 9.0% |
Top Export Markets for Braids; in the Piece from China in 2022:
- Bangladesh (2.3K tons)
- Vietnam (1.3K tons)
- Thailand (1.2K tons)
- Cambodia (1.0K tons)
- Brazil (0.9K tons)
- Indonesia (0.8K tons)
- Netherlands (0.5K tons)
- United States (0.5K tons)
- Turkey (0.4K tons)
- Saudi Arabia (0.4K tons)
- India (0.4K tons)
- Myanmar (0.3K tons)
- Chile (0.3K tons)
Imports of Braids; in the Piece in China
In 2022, approx. 316 tons of braids; in the pieces were imported into China; growing by 14% against 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 45%.
In value terms, braids; in the piece imports rose markedly to $4.7M in 2022. In general, imports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2021 when imports increased by 22%.
| Import of Braids; in the Piece in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 267 | 196 | 299 | 1,028 | 56.7% |
| South Korea | 889 | 515 | 811 | 899 | 0.4% |
| Japan | 1,919 | 1,172 | 1,199 | 884 | -22.8% |
| Germany | 541 | 248 | 614 | 394 | -10.0% |
| United States | 102 | 97.3 | 82.4 | 125 | 7.0% |
| United Kingdom | 14.4 | 66.8 | 43.8 | 124 | 105.0% |
| Indonesia | 57.0 | 45.1 | 31.7 | 70.6 | 7.4% |
| Others | 1,226 | 1,151 | 1,188 | 1,127 | -2.8% |
| Total | 5,016 | 3,491 | 4,268 | 4,652 | -2.5% |
Top Suppliers of Braids; in the Piece to China in 2022:
- Philippines (126.2 tons)
- South Korea (87.3 tons)
- Germany (30.1 tons)
- Japan (20.9 tons)
- United Kingdom (12.2 tons)
- United States (9.8 tons)
- Indonesia (7.5 tons)
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