Price for Track Suits; of Cotton, Knitted or Crocheted in India - 2023
Contents:
- Price for Track Suits; of Cotton, Knitted or Crocheted in India (FOB) - 2023
- Price for Track Suits; of Cotton, Knitted or Crocheted in India (CIF) - 2022
- Exports of Track Suits; of Cotton, Knitted or Crocheted in India
- Imports of Track Suits; of Cotton, Knitted or Crocheted in India
Price for Track Suits; of Cotton, Knitted or Crocheted in India (FOB) - 2023
The average export price for track suits; of cotton, knitted or crocheted stood at $6.9 per unit in October 2023, jumping by 33% against the previous month. In general, export price indicated notable growth from November 2022 to October 2023: its price increased at an average monthly rate of +2.6% over the last eleven months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for track suits; of cotton, knitted or crocheted increased by +46.2% against August 2023 indices. The growth pace was the most rapid in July 2023 an increase of 53% m-o-m. As a result, the export price attained the peak level of $7.4 per unit. From August 2023 to October 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was the Netherlands ($15.6 per unit), while the average price for exports to Singapore ($2.4 per unit) was amongst the lowest.
From November 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+5.3%), while the prices for the other major destinations experienced a decline.
Price for Track Suits; of Cotton, Knitted or Crocheted in India (CIF) - 2022
In 2022, the average import price for track suits; of cotton, knitted or crocheted amounted to $11 per unit, falling by -3.5% against the previous year. In general, the import price showed a mild setback. The growth pace was the most rapid in 2018 when the average import price increased by 29% against the previous year. The import price peaked at $12 per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
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 Italy ($69 per unit), while the price for the United Arab Emirates ($7 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+8.2%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Track Suits; of Cotton, Knitted or Crocheted in India
For the fourth year in a row, India recorded growth in shipments abroad of track suits; of cotton, knitted or crocheted, which increased by 8% to 1.8M units in 2022. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 108% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of track suits; of cotton, knitted or crocheted surged to $11M in 2022. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 128%. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
Export of Track Suits; of Cotton, Knitted or Crocheted in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Italy | 834 | 968 | 4,076 | 5,865 | 91.6% |
United Arab Emirates | 474 | 303 | 532 | 2,887 | 82.6% |
United Kingdom | 103 | 542 | 583 | 353 | 50.8% |
Poland | 9.2 | N/A | 171 | 312 | 223.7% |
Slovenia | N/A | N/A | 66.4 | 232 | 249.4% |
Qatar | 117 | 99.1 | 148 | 149 | 8.4% |
Kuwait | 66.7 | 84.0 | 115 | 145 | 29.5% |
Saudi Arabia | 380 | 232 | 253 | 96.6 | -36.7% |
Mauritius | 6.6 | 2.8 | N/A | 43.5 | 87.5% |
United States | 174 | 137 | 406 | 26.7 | -46.5% |
Others | 586 | 1,027 | 1,389 | 1,107 | 23.6% |
Total | 2,751 | 3,394 | 7,740 | 11,216 | 59.8% |
Top Export Markets for Track Suits; of Cotton, Knitted or Crocheted from India in 2022:
- Italy (1015.9K units)
- United Arab Emirates (257.4K units)
- Poland (75.9K units)
- United Kingdom (61.1K units)
- Slovenia (57.8K units)
- Qatar (49.0K units)
- Kuwait (46.4K units)
- Mauritius (32.6K units)
- Saudi Arabia (18.4K units)
- United States (3.4K units)
Imports of Track Suits; of Cotton, Knitted or Crocheted in India
Imports of track suits; of cotton, knitted or crocheted into India surged to 81K units in 2022, growing by 146% on 2021. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of track suits; of cotton, knitted or crocheted soared to $888K in 2022. Overall, imports recorded a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Import of Track Suits; of Cotton, Knitted or Crocheted in India (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 97.3 | 65.4 | 114 | 499 | 72.4% |
Cambodia | 38.0 | 82.8 | 117 | 115 | 44.6% |
Italy | 54.0 | 8.8 | 34.9 | 103 | 24.0% |
Thailand | N/A | 14.7 | 1.3 | 47.0 | 78.8% |
Vietnam | 2.3 | 0.8 | 1.6 | 28.4 | 131.1% |
Sri Lanka | 13.2 | N/A | N/A | 13.4 | 0.5% |
Indonesia | N/A | 6.1 | 19.7 | 11.9 | 39.7% |
Bangladesh | 10.1 | 71.7 | 12.3 | 9.8 | -1.0% |
United Arab Emirates | 30.4 | 33.0 | 13.1 | 1.9 | -60.3% |
Philippines | 2.7 | 16.6 | 14.3 | N/A | 130.1% |
Others | 17.2 | 30.3 | 45.9 | 59.1 | 50.9% |
Total | 265 | 330 | 374 | 888 | 49.6% |
Top Suppliers of Track Suits; of Cotton, Knitted or Crocheted to India in 2022:
- China (57.1K units)
- Cambodia (10.9K units)
- Thailand (4.3K units)
- Vietnam (2.0K units)
- Italy (1.5K units)
- Indonesia (1.5K units)
- Bangladesh (1.0K units)
- Sri Lanka (0.9K units)
- United Arab Emirates (0.3K units)
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