Price for Knitted or Crocheted Pile Fabrics in China - 2023
Contents:
- Price for Knitted or Crocheted Pile Fabrics in China (FOB) - 2022
- Price for Knitted or Crocheted Pile Fabrics in China (CIF) - 2022
- Exports of Knitted or Crocheted Pile Fabrics in China
- Imports of Knitted or Crocheted Pile Fabrics in China
Price for Knitted or Crocheted Pile Fabrics in China (FOB) - 2022
The average export price for knitted or crocheted pile fabricses stood at $4,604 per ton in 2022, remaining stable against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 20%. As a result, the export price reached the peak level of $5,245 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($8,162 per ton), while the average price for exports to Uzbekistan ($824 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 Egypt (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Knitted or Crocheted Pile Fabrics in China (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $8,760 per ton in 2022, approximately mirroring the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 14%. As a result, import price reached the peak level of $9,175 per ton. From 2015 to 2022, the average import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($14,778 per ton), while the price for Vietnam ($5,906 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+6.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Knitted or Crocheted Pile Fabrics in China
In 2022, the amount of knitted or crocheted pile fabricses exported from China reached 502K tons, with an increase of 2.2% against 2021. The total export volume increased at an average annual rate of +3.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 8%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, knitted or crocheted pile fabrics exports expanded to $2.3B in 2022. The total export value increased at an average annual rate of +3.6% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 17% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Knitted or Crocheted Pile Fabrics in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 245 | 269 | 278 | 303 | 7.3% |
| Brazil | 120 | 123 | 143 | 127 | 1.9% |
| Morocco | 186 | 184 | 147 | 113 | -15.3% |
| Mexico | 167 | 111 | 115 | 111 | -12.7% |
| Indonesia | 79.6 | 82.4 | 85.1 | 92.5 | 5.1% |
| Egypt | 49.0 | 49.5 | 34.0 | 88.7 | 21.9% |
| Turkey | 52.6 | 56.6 | 69.4 | 77.9 | 14.0% |
| Pakistan | 57.2 | 73.6 | 76.3 | 55.6 | -0.9% |
| Colombia | 35.1 | 38.0 | 44.1 | 54.9 | 16.1% |
| India | 36.9 | 26.7 | 34.1 | 40.9 | 3.5% |
| Argentina | 11.5 | 13.3 | 18.4 | 39.3 | 50.6% |
| Uzbekistan | 20.6 | 29.3 | 25.5 | 36.1 | 20.6% |
| Paraguay | 44.7 | 33.1 | 13.9 | 33.3 | -9.3% |
| Others | 978 | 856 | 1,189 | 1,140 | 5.2% |
| Total | 2,083 | 1,946 | 2,273 | 2,313 | 3.6% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from China in 2022:
- Uzbekistan (43.8K tons)
- Brazil (38.9K tons)
- Vietnam (37.1K tons)
- Mexico (33.1K tons)
- Morocco (25.9K tons)
- Turkey (18.5K tons)
- Colombia (14.6K tons)
- Pakistan (14.2K tons)
- Indonesia (13.5K tons)
- India (13.3K tons)
- Egypt (11.3K tons)
- Paraguay (10.7K tons)
- Argentina (10.5K tons)
Imports of Knitted or Crocheted Pile Fabrics in China
Knitted or crocheted pile fabrics imports into China reduced notably to 13K tons in 2022, with a decrease of -33.7% against 2021 figures. In general, imports showed a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 22%. As a result, imports reached the peak of 19K tons, and then dropped dramatically in the following year.
In value terms, knitted or crocheted pile fabrics imports dropped sharply to $111M in 2022. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 22%. As a result, imports attained the peak of $166M, and then reduced sharply in the following year.
| Import of Knitted or Crocheted Pile Fabrics in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 35.1 | 34.6 | 51.7 | 45.2 | 8.8% |
| Vietnam | 61.9 | 62.9 | 68.5 | 31.5 | -20.2% |
| South Korea | 17.9 | 13.2 | 15.3 | 14.7 | -6.4% |
| Japan | 19.4 | 11.9 | 10.3 | 6.6 | -30.2% |
| Indonesia | 2.2 | 0.9 | 1.7 | 2.9 | 9.6% |
| Hong Kong SAR | 5.7 | 2.9 | 6.8 | 0.4 | -58.8% |
| Others | 9.3 | 9.1 | 11.7 | 10.1 | 2.8% |
| Total | 152 | 136 | 166 | 111 | -9.9% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to China in 2022:
- Hong Kong SAR (undefinedK tons)
- Vietnam (5.3K tons)
- Taiwan (Chinese) (4.0K tons)
- South Korea (1.9K tons)
- Indonesia (0.4K tons)
- Japan (0.4K tons)
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