Price for Knitted or Crocheted Pile Fabrics in Australia - 2023
Contents:
- Price for Knitted or Crocheted Pile Fabrics in Australia (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in Australia (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in Australia
- Exports of Knitted or Crocheted Pile Fabrics in Australia
Price for Knitted or Crocheted Pile Fabrics in Australia (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $7,883 per ton in 2022, picking up by 2.9% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2016 when the average import price increased by 22% against the previous year. Over the period under review, average import prices hit record highs at $10,279 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($70,067 per ton), while the price for China ($6,594 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+16.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Knitted or Crocheted Pile Fabrics in Australia (FOB) - 2022
The average export price for knitted or crocheted pile fabricses stood at $11,367 per ton in 2022, increasing by 10% against the previous year. Over the period under review, the export price enjoyed moderate growth. The most prominent rate of growth was recorded in 2015 when the average export price increased by 99%. As a result, the export price attained the peak level of $23,474 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Fiji ($25,898 per ton), while the average price for exports to India ($6,438 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 Vietnam (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knitted or Crocheted Pile Fabrics in Australia
In 2022, knitted or crocheted pile fabrics imports into Australia rose markedly to 629 tons, increasing by 8.9% against the previous year's figure. The total import volume increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 12%. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, knitted or crocheted pile fabrics imports expanded significantly to $5M in 2022. The total import value increased at an average annual rate of +6.4% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Knitted or Crocheted Pile Fabrics in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,488 | 2,714 | 3,049 | 3,031 | 6.8% |
| Vietnam | 4.4 | 4.1 | N/A | 542 | 397.6% |
| United Kingdom | 186 | 278 | 301 | 531 | 41.9% |
| South Korea | 373 | 182 | 149 | 193 | -19.7% |
| Taiwan (Chinese) | 313 | 328 | 427 | 174 | -17.8% |
| India | 1.3 | 4.2 | 2.2 | 99.0 | 323.9% |
| Others | 752 | 453 | 499 | 393 | -19.5% |
| Total | 4,117 | 3,964 | 4,427 | 4,962 | 6.4% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to Australia in 2022:
- China (459.6 tons)
- Vietnam (66.3 tons)
- United Kingdom (55.4 tons)
- South Korea (16.5 tons)
- India (11.0 tons)
- Taiwan (Chinese) (6.0 tons)
Exports of Knitted or Crocheted Pile Fabrics in Australia
In 2022, approx. 56 tons of knitted or crocheted pile fabricses were exported from Australia; with an increase of 21% against the previous year's figure. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +19.0% 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 decreased by -12.5% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 93% against the previous year. As a result, the exports attained the peak of 64 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.
In value terms, knitted or crocheted pile fabrics exports soared to $633K in 2022. Over the period under review, exports posted a resilient increase. The pace of growth was the most pronounced in 2020 with an increase of 110%. As a result, the exports reached the peak of $927K. From 2021 to 2022, the growth of the exports remained at a lower figure.
| Export of Knitted or Crocheted Pile Fabrics in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 134 | 95.3 | 189 | 198 | 13.9% |
| New Zealand | 106 | 148 | 171 | 185 | 20.4% |
| United States | 14.5 | 563 | 3.5 | 82.3 | 78.4% |
| Fiji | N/A | N/A | N/A | 28.2 | 0% |
| China | 54.4 | 14.5 | 14.9 | 22.8 | -25.2% |
| Vietnam | 35.1 | 47.5 | 0.1 | 15.5 | -23.8% |
| Others | 97.6 | 58.9 | 95.2 | 101 | 1.1% |
| Total | 442 | 927 | 474 | 633 | 12.7% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from Australia in 2022:
- India (30.8 tons)
- New Zealand (12.3 tons)
- United States (5.1 tons)
- China (1.3 tons)
- Fiji (1.1 tons)
- Vietnam (1.0 tons)
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