Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in India - 2023
Contents:
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in India (FOB) - 2022
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in India (CIF) - 2022
- Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in India
- Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in India
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in India (FOB) - 2022
In 2022, the average export price for track suits; of synthetic fibres, knitted or crocheteds amounted to $15 per unit, growing by 102% against the previous year. In general, the export price saw resilient growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($22 per unit), while the average price for exports to Saudi Arabia ($5.5 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 Germany (+10.7%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in India (CIF) - 2022
In 2022, the average import price for track suits; of synthetic fibres, knitted or crocheteds amounted to $6.9 per unit, rising by 32% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for track suits; of synthetic fibres, knitted or crocheteds decreased by -18.7% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 79%. Over the period under review, average import prices hit record highs at $8.7 per unit in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
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 Bangladesh ($16 per unit), while the price for China ($4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in India
After three years of growth, shipments abroad of track suits; of synthetic fibres, knitted or crocheteds decreased by -1.9% to 751K units in 2022. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 136%. As a result, the exports reached the peak of 765K units, and then dropped in the following year.
In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds soared to $11M in 2022. Over the period under review, exports, however, showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 272% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Track Suits; of Synthetic Fibres, Knitted or Crocheted in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 5.4 | N/A | 0.4 | 6,924 | 986.4% |
| Italy | 19.6 | 6.1 | 3,019 | 1,347 | 309.6% |
| Tanzania | 1.6 | 472 | 1,491 | 1,277 | 827.6% |
| United States | 108 | 28.9 | 272 | 405 | 55.4% |
| Kuwait | 342 | 200 | 189 | 253 | -9.6% |
| United Arab Emirates | 119 | 135 | 37.0 | 222 | 23.1% |
| Kenya | 34.1 | 52.1 | 72.9 | 212 | 83.9% |
| Oman | 14.7 | 2.0 | 75.7 | 140 | 112.0% |
| Saudi Arabia | 789 | 299 | 43.5 | 95.5 | -50.5% |
| United Kingdom | 55.4 | 67.7 | 132 | 19.3 | -29.6% |
| Others | 480 | 277 | 396 | 479 | -0.1% |
| Total | 1,968 | 1,540 | 5,729 | 11,375 | 79.5% |
Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from India in 2022:
- Germany (311.4K units)
- Tanzania (171.7K units)
- Italy (64.5K units)
- Kuwait (34.1K units)
- United States (32.8K units)
- United Arab Emirates (29.3K units)
- Kenya (25.8K units)
- Saudi Arabia (17.3K units)
- Oman (15.3K units)
- United Kingdom (1.7K units)
Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in India
In 2022, imports of track suits; of synthetic fibres, knitted or crocheteds into India surged to 454K units, jumping by 35% compared with 2021 figures. In general, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 125%. Imports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds skyrocketed to $3.1M in 2022. Over the period under review, imports showed 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 Synthetic Fibres, Knitted or Crocheted in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 363 | 215 | 766 | 1,123 | 45.7% |
| Vietnam | 201 | 136 | 371 | 714 | 52.6% |
| Cambodia | 78.9 | 216 | 152 | 509 | 86.2% |
| Indonesia | 67.5 | 40.4 | 41.4 | 405 | 81.7% |
| Bangladesh | 546 | 493 | 65.6 | 208 | -27.5% |
| Hong Kong SAR | 39.5 | 114 | 188 | 46.6 | 5.7% |
| Thailand | 29.9 | 15.9 | 119 | 27.9 | -2.3% |
| Others | 13.8 | 25.9 | 43.1 | 86.1 | 84.1% |
| Total | 1,340 | 1,256 | 1,746 | 3,119 | 32.5% |
Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to India in 2022:
- China (280.8K units)
- Vietnam (80.8K units)
- Cambodia (38.3K units)
- Indonesia (28.3K units)
- Bangladesh (12.8K units)
- Hong Kong SAR (5.7K units)
- Thailand (2.9K units)
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