Price for Knitted or Crocheted Pile Fabrics in Guatemala - 2024

Contents:

1. Price for Knitted or Crocheted Pile Fabrics in Guatemala (CIF) - 2022
2. Price for Knitted or Crocheted Pile Fabrics in Guatemala (FOB) - 2022
3. Imports of Knitted or Crocheted Pile Fabrics in Guatemala
4. Exports of Knitted or Crocheted Pile Fabrics in Guatemala

Price for Knitted or Crocheted Pile Fabrics in Guatemala (CIF) - 2022

In 2022, the average import price for knitted or crocheted pile fabricses amounted to $8,129 per ton, increasing by 78% against the previous year. Over the period under review, import price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, knitted or crocheted pile fabrics import price increased by +117.4% against 2020 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 the United States ($33,563 per ton), while the price for Honduras ($1,735 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Knitted or Crocheted Pile Fabrics in Guatemala (FOB) - 2022

In 2022, the average export price for knitted or crocheted pile fabricses amounted to $9,546 per ton, rising by 16% against the previous year. Overall, the export price showed a moderate increase. The most prominent rate of growth was recorded in 2014 an increase of 108% against the previous year. The export price peaked at $16,000 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

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 the United States ($11,312 per ton), while the average price for exports to El Salvador ($6,966 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 the Dominican Republic (+41.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Knitted or Crocheted Pile Fabrics in Guatemala

In 2022, supplies from abroad of knitted or crocheted pile fabricses decreased by -17.1% to 2.4K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 102% against the previous year. As a result, imports attained the peak of 2.9K tons, and then declined dramatically in the following year.

In value terms, knitted or crocheted pile fabrics imports soared to $20M in 2022. Overall, imports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 148%. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Knitted or Crocheted Pile Fabrics to Guatemala in 2022:

1. China (1896.9 tons)
2. El Salvador (173.9 tons)
3. South Korea (171.9 tons)
4. United States (170.7 tons)
5. Hong Kong SAR (0.1 tons)

Exports of Knitted or Crocheted Pile Fabrics in Guatemala

Knitted or crocheted pile fabrics exports from Guatemala surged to 242 tons in 2022, picking up by 81% compared with 2021 figures. In general, exports posted a significant increase. The growth pace was the most rapid in 2021 when exports increased by 553% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, knitted or crocheted pile fabrics exports skyrocketed to $2.3M in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 448% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Top Export Markets for Knitted or Crocheted Pile Fabrics from Guatemala in 2022:

1. Costa Rica (220.0 tons)
2. El Salvador (12.1 tons)
3. United States (7.9 tons)
4. Nicaragua (0.9 tons)

Source: IndexBox Market Intelligence Platform