Price for Knitted or Crocheted Pile Fabrics in South Korea - 2022
Contents:
- Price for Knitted or Crocheted Pile Fabrics in South Korea (FOB) - 2022
- Price for Knitted or Crocheted Pile Fabrics in South Korea (CIF) - 2022
- Exports of Knitted or Crocheted Pile Fabrics in South Korea
- Imports of Knitted or Crocheted Pile Fabrics in South Korea
Price for Knitted or Crocheted Pile Fabrics in South Korea (FOB) - 2022
The average export price for knitted or crocheted pile fabricses stood at $8,086 per ton in 2022, shrinking by -2.8% against the previous year. Overall, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 6.4%. The export price peaked at $8,895 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Jordan ($10,707 per ton), while the average price for exports to Uzbekistan ($4,263 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 Philippines (+6.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Knitted or Crocheted Pile Fabrics in South Korea (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $4,074 per ton in 2022, declining by -2.3% against the previous year. Overall, the import price continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 an increase of 5.8% against the previous year. Over the period under review, average import prices attained the peak figure at $7,512 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 Taiwan (Chinese) ($8,069 per ton), while the price for China totaled $3,479 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (-2.5%).
Exports of Knitted or Crocheted Pile Fabrics in South Korea
Knitted or crocheted pile fabrics exports from South Korea reduced to 24K tons in 2022, falling by -7.9% on the previous year's figure. In general, exports showed a slight shrinkage. The growth pace was the most rapid in 2021 with an increase of 19% against the previous year. As a result, the exports attained the peak of 26K tons, and then declined in the following year.
In value terms, knitted or crocheted pile fabrics exports reduced to $192M in 2022. Over the period under review, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 26% against the previous year. As a result, the exports attained the peak of $214M, and then contracted in the following year.
| Export of Knitted or Crocheted Pile Fabrics in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 56.0 | 53.7 | 71.0 | 61.3 | 3.1% |
| Indonesia | 22.9 | 23.3 | 32.6 | 28.2 | 7.2% |
| United States | 21.0 | 20.5 | 26.4 | 22.8 | 2.8% |
| China | 18.8 | 12.9 | 14.9 | 13.3 | -10.9% |
| Turkey | 13.8 | 7.5 | 11.2 | 9.7 | -11.1% |
| Cambodia | 5.7 | 11.9 | 7.6 | 7.2 | 8.1% |
| Jordan | 7.8 | 4.1 | 5.2 | 4.9 | -14.4% |
| Pakistan | 7.2 | 2.6 | 3.3 | 3.7 | -19.9% |
| Hong Kong SAR | 5.8 | 3.6 | 3.5 | 3.7 | -13.9% |
| Haiti | 0.4 | 2.3 | 4.1 | 3.5 | 106.1% |
| Philippines | 2.4 | 3.4 | 4.0 | 3.4 | 12.3% |
| Afghanistan | 8.7 | 2.0 | 1.0 | 3.3 | -27.6% |
| Others | 39.7 | 21.8 | 29.7 | 27.2 | -11.8% |
| Total | 210 | 170 | 214 | 192 | -2.9% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from South Korea in 2022:
- Vietnam (7.4K tons)
- Indonesia (3.5K tons)
- United States (2.8K tons)
- Turkey (1.7K tons)
- China (1.5K tons)
- Cambodia (1.0K tons)
- Pakistan (0.5K tons)
- Jordan (0.5K tons)
- Hong Kong SAR (0.5K tons)
- Afghanistan (0.4K tons)
- Philippines (0.4K tons)
- Haiti (0.4K tons)
Imports of Knitted or Crocheted Pile Fabrics in South Korea
In 2022, imports of knitted or crocheted pile fabricses into South Korea dropped to 6.1K tons, waning by -13.6% on the previous year. The total import volume increased at an average annual rate of +3.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by 37%. As a result, imports reached the peak of 7.1K tons, and then fell in the following year.
In value terms, knitted or crocheted pile fabrics imports shrank markedly to $25M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. As a result, imports attained the peak of $29M, and then reduced remarkably in the following year.
| Import of Knitted or Crocheted Pile Fabrics in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.7 | 17.2 | 24.7 | 20.7 | 3.4% |
| Taiwan (Chinese) | 0.7 | 0.5 | 1.6 | 1.3 | 22.9% |
| Others | 1.9 | 2.5 | 3.2 | 2.8 | 13.8% |
| Total | 21.3 | 20.2 | 29.4 | 24.8 | 5.2% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to South Korea in 2022:
- China (5.9K tons)
- Taiwan (Chinese) (0.2K tons)
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