Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in India - 2023

Contents:

1. Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in India (FOB) - 2023
2. Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in India (CIF) - 2023
3. Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in India
4. Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in India

Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in India (FOB) - 2023

The average export price for fabrics, knitted or crocheted, of a width of > 30 cms stood at $4,870 per ton in November 2023, stabilizing at the previous month. In general, the export price, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in August 2023 an increase of 3.7% month-to-month. The export price peaked at $6,346 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($10,644 per ton), while the average price for exports to Nepal ($3,351 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Kenya (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in India (CIF) - 2023

In November 2023, the average import price for fabrics, knitted or crocheted, of a width of > 30 cms amounted to $1,733 per ton, almost unchanged from the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 an increase of 9.6% m-o-m. Over the period under review, average import prices reached the maximum at $1,901 per ton in March 2023; however, from April 2023 to November 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Taiwan (Chinese) ($5,102 per ton), while the price for China ($1,481 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in India

After three years of growth, shipments abroad of fabrics, knitted or crocheted, of a width of > 30 cms decreased by -23.3% to 85K tons in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.6% 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 +28.1% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 38% against the previous year. As a result, the exports reached the peak of 111K tons, and then declined remarkably in the following year.

In value terms, exports of fabrics, knitted or crocheted, of a width of > 30 cms shrank to $499M in 2022. In general, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 70% against the previous year. As a result, the exports reached the peak of $541M, and then fell in the following year.

Top Export Markets for Fabrics, Knitted or Crocheted, of A Width of > 30 Cm from India in 2022:

1. United States (26.9K tons)
2. Sri Lanka (25.5K tons)
3. South Korea (7.9K tons)
4. Bangladesh (7.7K tons)
5. El Salvador (3.2K tons)
6. Nepal (2.4K tons)
7. Ethiopia (1.8K tons)

Imports of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm in India

In 2022, purchases abroad of fabrics, knitted or crocheted, of a width of > 30 cms increased by 103% to 238K tons for the first time since 2019, thus ending a two-year declining trend. In general, imports continue to indicate a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of fabrics, knitted or crocheted, of a width of > 30 cms rose notably to $455M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +8.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +72.1% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 58%. Imports peaked in 2022 and are expected to retain growth in the near future.

Top Suppliers of Fabrics, Knitted or Crocheted, of A Width of > 30 Cm to India in 2022:

1. China (194.2K tons)
2. Bangladesh (20.5K tons)
3. Vietnam (7.2K tons)
4. Taiwan (Chinese) (5.1K tons)

Source: IndexBox Market Intelligence Platform