Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the UK - 2023
Contents:
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the UK (CIF) - 2022
- Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the UK (FOB) - 2022
- Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the UK
- Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the UK
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the UK (CIF) - 2022
In 2022, the average import price for fabrics; looped pile fabrics, of cotton, knitted or crocheted amounted to $16,704 per ton, waning by -44.5% against the previous year. Overall, the import price, however, recorded a moderate expansion. The most prominent rate of growth was recorded in 2018 when the average import price increased by 144%. Over the period under review, average import prices reached the maximum at $35,792 per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.
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 Austria ($39,793 per ton), while the price for India ($3,504 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the UK (FOB) - 2022
The average export price for fabrics; looped pile fabrics, of cotton, knitted or crocheted stood at $32,080 per ton in 2022, with a decrease of -42.8% against the previous year. Overall, the export price, however, saw a measured expansion. The growth pace was the most rapid in 2020 when the average export price increased by 108%. Over the period under review, the average export prices reached the maximum at $56,131 per ton in 2021, and then declined sharply in the following year.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Greece ($265,000 per ton), while the average price for exports to Turkey ($8,767 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 China (+320.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the UK
In 2022, approx. 16 tons of fabrics; looped pile fabrics, of cotton, knitted or crocheted were imported into the UK; picking up by 163% against the year before. In general, imports enjoyed significant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of fabrics; looped pile fabrics, of cotton, knitted or crocheted skyrocketed to $259K in 2022. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +95.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | 1.7 | 1.3 | 130 | 774.5% |
| Austria | 169 | 95.1 | 143 | 99.1 | -16.3% |
| Taiwan (Chinese) | N/A | N/A | N/A | 6.6 | 0% |
| Netherlands | N/A | N/A | N/A | 5.4 | 0% |
| India | N/A | N/A | N/A | 5.2 | 0% |
| France | 14.7 | 7.1 | 18.8 | 1.8 | -50.3% |
| Others | 6.6 | 29.0 | 14.6 | 11.9 | 21.7% |
| Total | 190 | 133 | 178 | 259 | 10.9% |
Top Suppliers of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted to the UK in 2022:
- Turkey (10.5 tons)
- Austria (2.5 tons)
- India (1.5 tons)
- Netherlands (0.4 tons)
- Taiwan (Chinese) (0.3 tons)
- France (0.2 tons)
Exports of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the UK
In 2022, the amount of fabrics; looped pile fabrics, of cotton, knitted or crocheted exported from the UK declined sharply to 461 kg, with a decrease of -65.6% compared with the previous year's figure. In general, exports saw a significant decline. The smallest decline of -29.6% was in 2020.
In value terms, exports of fabrics; looped pile fabrics, of cotton, knitted or crocheted declined remarkably to $15K in 2022. Over the period under review, exports recorded a precipitous slump. The pace of growth appeared the most rapid in 2020 when exports increased by 46% against the previous year.
| Export of Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | 30.4 | 14.0 | 31.4 | 9.2 | -32.9% |
| Greece | N/A | N/A | N/A | 1.9 | 0% |
| Turkey | N/A | N/A | N/A | 1.3 | 0% |
| United States | 1.3 | 15.4 | N/A | 1.1 | -5.4% |
| Japan | N/A | 5.8 | N/A | N/A | 0% |
| Austria | 2.0 | 2.4 | 38.4 | N/A | 338.2% |
| Tunisia | N/A | 13.8 | N/A | N/A | 0% |
| Canada | 6.8 | 3.8 | N/A | N/A | -44.1% |
| Others | 5.7 | 12.2 | 5.4 | 1.3 | -38.9% |
| Total | 46.1 | 67.4 | 75.2 | 14.8 | -31.5% |
Top Export Markets for Fabrics; Looped Pile Fabrics, of Cotton, Knitted or Crocheted from the UK in 2022:
- Ireland (273.0 kg)
- Turkey (150.0 kg)
- United States (25.0 kg)
- Greece (7.0 kg)
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