Price for Knitted or Crocheted Pile Fabrics in India - 2023
Contents:
- Price for Knitted or Crocheted Pile Fabrics in India (CIF) - 2022
- Price for Knitted or Crocheted Pile Fabrics in India (FOB) - 2022
- Imports of Knitted or Crocheted Pile Fabrics in India
- Exports of Knitted or Crocheted Pile Fabrics in India
Price for Knitted or Crocheted Pile Fabrics in India (CIF) - 2022
The average import price for knitted or crocheted pile fabricses stood at $3,584 per ton in 2022, with a decrease of -16.5% against the previous year. In general, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2015 when the average import price increased by 15%. As a result, import price attained the peak level of $5,087 per ton. From 2016 to 2022, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($4,206 per ton), while the price for China totaled $3,130 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+4.2%).
Price for Knitted or Crocheted Pile Fabrics in India (FOB) - 2022
In 2022, the average export price for knitted or crocheted pile fabricses amounted to $6,704 per ton, with an increase of 10% against the previous year. Overall, export price indicated a resilient increase from 2012 to 2022: its price increased at an average annual rate of +7.9% 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 export price increased by +50.5% against 2020 indices. The pace of growth was the most pronounced in 2013 an increase of 40% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($10,334 per ton), while the average price for exports to Nepal ($2,458 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 Sri Lanka (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Knitted or Crocheted Pile Fabrics in India
Knitted or crocheted pile fabrics imports into India surged to 24K tons in 2022, jumping by 54% on the previous year's figure. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 87% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, knitted or crocheted pile fabrics imports surged to $84M in 2022. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 78%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Knitted or Crocheted Pile Fabrics in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 39.6 | 28.9 | 54.0 | 62.6 | 16.5% |
| Malaysia | 2.7 | 2.4 | 2.3 | 9.4 | 51.6% |
| Bangladesh | 1.8 | 0.9 | 1.9 | 1.5 | -5.9% |
| Others | 5.1 | 4.8 | 7.5 | 10.9 | 28.8% |
| Total | 49.2 | 36.9 | 65.7 | 84.4 | 19.7% |
Top Suppliers of Knitted or Crocheted Pile Fabrics to India in 2022:
- China (20.0K tons)
- Malaysia (2.2K tons)
- Bangladesh (0.3K tons)
Exports of Knitted or Crocheted Pile Fabrics in India
In 2022, knitted or crocheted pile fabrics exports from India fell rapidly to 6.2K tons, waning by -29.1% compared with the previous year's figure. Over the period under review, exports, however, posted a significant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 194%. As a result, the exports reached the peak of 8.7K tons, and then contracted dramatically in the following year.
In value terms, knitted or crocheted pile fabrics exports declined sharply to $42M in 2022. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 300% against the previous year. As a result, the exports reached the peak of $53M, and then contracted sharply in the following year.
| Export of Knitted or Crocheted Pile Fabrics in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 9.0 | 4.8 | 18.8 | 16.0 | 21.1% |
| Sri Lanka | 4.9 | 2.9 | 18.4 | 8.7 | 21.1% |
| United States | 0.1 | 2.7 | 3.7 | 6.6 | 304.1% |
| Kenya | N/A | N/A | 3.9 | 4.4 | 12.8% |
| Vietnam | 1.0 | 0.2 | 0.9 | 1.2 | 6.3% |
| Nepal | 0.3 | 0.4 | 1.2 | 0.8 | 38.7% |
| Djibouti | N/A | N/A | 2.3 | 0.6 | -73.9% |
| United Arab Emirates | 0.8 | 0.5 | 0.5 | 0.4 | -20.6% |
| Brazil | 0.9 | 0.5 | 0.4 | 0.3 | -30.7% |
| Others | 2.1 | 1.3 | 3.0 | 2.6 | 7.4% |
| Total | 19.1 | 13.3 | 53.1 | 41.6 | 29.6% |
Top Export Markets for Knitted or Crocheted Pile Fabrics from India in 2022:
- Bangladesh (2515.3 tons)
- United States (1287.7 tons)
- Sri Lanka (961.1 tons)
- Kenya (456.3 tons)
- Nepal (306.1 tons)
- Brazil (123.4 tons)
- Vietnam (113.0 tons)
- Djibouti (69.7 tons)
- United Arab Emirates (54.7 tons)
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