Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Australia - 2024
Contents:
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Australia (CIF) - 2024
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Australia (FOB) - 2022
- Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Australia
- Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Australia
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Australia (CIF) - 2024
The average import price for track suits; of synthetic fibres, knitted or crocheteds stood at $5.3 per unit in January 2024, jumping by 19% against the previous month. Overall, the import price, however, showed a deep downturn. The pace of growth was the most pronounced in December 2023 when the average import price increased by 22% month-to-month. Over the period under review, average import prices reached the peak figure at $13.5 per unit in January 2023; however, from February 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Thailand ($12.4 per unit), while the price for Cambodia ($1.9 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by India (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Australia (FOB) - 2022
In 2022, the average export price for track suits; of synthetic fibres, knitted or crocheteds amounted to $23 per unit, growing by 13% against the previous year. In general, the export price posted a prominent increase. The growth pace was the most rapid in 2021 when the average export price increased by 99% against the previous year. Over the period under review, the average export prices hit record highs at $23 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($32 per unit), while the average price for exports to New Zealand ($11 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+163.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Australia
For the fourth year in a row, Australia recorded growth in supplies from abroad of track suits; of synthetic fibres, knitted or crocheteds, which increased by 25% to 520K units in 2022. In general, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +25.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 35%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds rose modestly to $4.2M in 2022. Over the period under review, imports enjoyed significant growth. The growth pace was the most rapid in 2020 when imports increased by 40%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
| Import of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,238 | 1,956 | 2,922 | 2,465 | 25.8% |
| Pakistan | 38.4 | 239 | 258 | 407 | 119.7% |
| Cambodia | 131 | 104 | 223 | 338 | 37.2% |
| Bangladesh | 134 | 129 | 165 | 308 | 32.0% |
| Vietnam | 84.2 | 69.1 | 123 | 222 | 38.1% |
| Indonesia | 206 | 122 | 151 | 169 | -6.4% |
| Thailand | 45.4 | 57.9 | 70.1 | 62.3 | 11.1% |
| Others | 246 | 289 | 172 | 277 | 4.0% |
| Total | 2,122 | 2,964 | 4,085 | 4,249 | 26.0% |
Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to Australia in 2022:
- China (350.5K units)
- Cambodia (46.3K units)
- Bangladesh (36.4K units)
- Vietnam (27.1K units)
- Pakistan (26.7K units)
- Indonesia (13.7K units)
- Thailand (7.6K units)
Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Australia
In 2022, approx. 2.6K units of track suits; of synthetic fibres, knitted or crocheteds were exported from Australia; waning by -66.7% compared with the year before. Overall, exports continue to indicate a sharp descent. The smallest decline of -12.7% was in 2020. The exports peaked at 17K units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds reduced sharply to $59K in 2022. Over the period under review, exports saw a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 7.6% against the previous year. The exports peaked at $212K in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 0.1 | 1.8 | 5.5 | 26.7 | 543.9% |
| Singapore | 15.5 | 18.8 | 6.3 | 7.9 | -20.1% |
| New Zealand | 1.2 | 3.0 | 4.9 | 6.5 | 75.6% |
| Hong Kong SAR | 7.7 | 0.8 | 4.0 | 4.8 | -14.6% |
| United States | 63.5 | 74.9 | 88.4 | 4.5 | -58.6% |
| Japan | 3.0 | 1.6 | 5.1 | 2.9 | -1.1% |
| Canada | N/A | 8.6 | 10.7 | 1.5 | -58.2% |
| New Caledonia | 36.8 | N/A | 3.4 | 0.4 | -77.8% |
| China | N/A | 2.8 | N/A | N/A | 0% |
| United Kingdom | 54.2 | 13.0 | 18.7 | N/A | -41.3% |
| United Arab Emirates | 4.8 | 9.8 | 4.1 | N/A | -7.6% |
| Israel | 8.9 | 7.3 | N/A | N/A | -18.0% |
| Others | 15.9 | 5.0 | 7.4 | 4.3 | -35.3% |
| Total | 212 | 147 | 159 | 59.5 | -34.5% |
Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from Australia in 2022:
- Netherlands (947.0 units)
- New Zealand (585.0 units)
- Singapore (449.0 units)
- Hong Kong SAR (173.0 units)
- United States (142.0 units)
- Japan (131.0 units)
- Canada (88.0 units)
- New Caledonia (14.0 units)
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