Price for Knitted or Crocheted Pile Fabrics in Bangladesh - 2022
Contents:
- Price for Knitted or Crocheted Pile Fabrics in Bangladesh (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in Bangladesh (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in Bangladesh
- Exports of Knitted or Crocheted Pile Fabrics in Bangladesh
Price for Knitted or Crocheted Pile Fabrics in Bangladesh (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $5,388 per ton in 2022, with an increase of 25% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 61%. The import price peaked at $9,627 per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was India ($6,362 per ton), while the price for China stood at $5,295 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.7%).
Price for Knitted or Crocheted Pile Fabrics in Bangladesh (FOB) - 2022
In 2022, the average export price for knitted or crocheted pile fabricses amounted to $5,953 per ton, reducing by -3.7% against the previous year. Overall, the export price showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2018 when the average export price increased by 43%. Over the period under review, the average export prices reached the maximum at $7,403 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($12,578 per ton), while the average price for exports to India ($4,635 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 India (+9.8%), while the prices for the other major destinations experienced a decline.
Imports of Knitted or Crocheted Pile Fabrics in Bangladesh
In 2022, knitted or crocheted pile fabrics imports into Bangladesh soared to 103K tons, increasing by 65% compared with the previous year. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +20.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.3% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, knitted or crocheted pile fabrics imports skyrocketed to $554M in 2022. In general, imports posted a significant expansion. 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 Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 257 | 264 | 248 | 518 | 26.3% |
| India | 8.4 | 4.9 | 9.5 | 16.0 | 24.0% |
| Malaysia | 7.7 | 4.6 | 4.1 | 6.7 | -4.5% |
| Others | 12.8 | 14.1 | 8.2 | 13.1 | 0.8% |
| Total | 286 | 287 | 269 | 554 | 24.7% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to Bangladesh in 2022:
- China (97.9K tons)
- India (2.5K tons)
- Malaysia (1.1K tons)
Exports of Knitted or Crocheted Pile Fabrics in Bangladesh
In 2022, approx. 744 tons of knitted or crocheted pile fabricses were exported from Bangladesh; shrinking by -3.3% against 2021 figures. Overall, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2021 when exports increased by 7% against the previous year.
In value terms, knitted or crocheted pile fabrics exports reduced to $4.4M in 2022. Over the period under review, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2021 when exports increased by 16%.
| Export of Knitted or Crocheted Pile Fabrics in Bangladesh (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.8 | 0.9 | 1.9 | 2.5 | 11.6% |
| Italy | 0.1 | N/A | N/A | 1.3 | 135.1% |
| Sri Lanka | 3.5 | 2.9 | 2.8 | 0.4 | -51.5% |
| Nepal | 0.4 | 0.1 | N/A | N/A | -75.0% |
| Others | 0.3 | 0.2 | 0.1 | 0.3 | 0.0% |
| Total | 6.0 | 4.1 | 4.8 | 4.4 | -9.8% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from Bangladesh in 2022:
- India (532.3 tons)
- Italy (99.9 tons)
- Sri Lanka (75.5 tons)
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