Price for Track Suits; of Cotton, Knitted or Crocheted in Australia - 2023
Contents:
- Price for Track Suits; of Cotton, Knitted or Crocheted in Australia (CIF) - 2022
- Price for Track Suits; of Cotton, Knitted or Crocheted in Australia (FOB) - 2022
- Imports of Track Suits; of Cotton, Knitted or Crocheted in Australia
- Exports of Track Suits; of Cotton, Knitted or Crocheted in Australia
Price for Track Suits; of Cotton, Knitted or Crocheted in Australia (CIF) - 2022
In 2022, the average import price for track suits; of cotton, knitted or crocheted amounted to $10 per unit, with an increase of 3.4% against the previous year. Over the period under review, the import price saw a resilient increase. The growth pace was the most rapid in 2013 when the average import price increased by 59%. The import price peaked in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($15 per unit), while the price for Thailand ($6.3 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Track Suits; of Cotton, Knitted or Crocheted in Australia (FOB) - 2022
In 2022, the average export price for track suits; of cotton, knitted or crocheted amounted to $19 per unit, reducing by -39.5% against the previous year. Over the period under review, the export price saw a abrupt decrease. The pace of growth was the most pronounced in 2018 an increase of 108%. Over the period under review, the average export prices reached the maximum at $73 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($37 per unit), while the average price for exports to the UK ($8.1 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 French Polynesia (+69.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Track Suits; of Cotton, Knitted or Crocheted in Australia
In 2022, purchases abroad of track suits; of cotton, knitted or crocheted decreased by -10.7% to 300K units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 74% against the previous year. As a result, imports attained the peak of 337K units, and then dropped in the following year.
In value terms, imports of track suits; of cotton, knitted or crocheted contracted to $3.1M in 2022. Over the period under review, imports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 102% against the previous year. Over the period under review, imports of hit record highs at $3.4M in 2021, and then declined in the following year.
| Import of Track Suits; of Cotton, Knitted or Crocheted in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 467 | 1,017 | 2,568 | 2,014 | 62.8% |
| Cambodia | 56.5 | 116 | 94.4 | 368 | 86.8% |
| Indonesia | 2.4 | 77.6 | 205 | 212 | 345.4% |
| Thailand | 5.7 | 53.6 | 108 | 126 | 180.7% |
| Vietnam | 17.4 | 19.1 | 36.7 | 110 | 84.9% |
| Pakistan | 35.5 | 51.7 | 88.2 | 101 | 41.7% |
| India | 24.7 | 46.3 | 79.7 | 44.9 | 22.0% |
| Bangladesh | 24.3 | 300 | 85.9 | 27.1 | 3.7% |
| Myanmar | 155 | N/A | N/A | N/A | 0% |
| Others | 87.2 | 87.2 | 138 | 139 | 16.8% |
| Total | 876 | 1,768 | 3,404 | 3,143 | 53.1% |
Top Suppliers of Track Suits; of Cotton, Knitted or Crocheted to Australia in 2022:
- China (176.1K units)
- Cambodia (41.6K units)
- Indonesia (25.8K units)
- Thailand (20.0K units)
- Pakistan (15.3K units)
- Vietnam (7.1K units)
- Bangladesh (3.7K units)
- India (3.7K units)
Exports of Track Suits; of Cotton, Knitted or Crocheted in Australia
In 2022, the amount of track suits; of cotton, knitted or crocheted exported from Australia contracted remarkably to 8.8K units, reducing by -36.1% compared with 2021 figures. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 457% against the previous year. As a result, the exports attained the peak of 14K units, and then declined markedly in the following year.
In value terms, exports of track suits; of cotton, knitted or crocheted shrank dramatically to $170K in 2022. Overall, exports, however, posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 691%. As a result, the exports reached the peak of $440K, and then dropped notably in the following year.
| Export of Track Suits; of Cotton, Knitted or Crocheted in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| French Polynesia | N/A | N/A | 7.3 | 62.7 | 758.9% |
| Hong Kong SAR | 1.2 | 5.9 | 18.4 | 34.0 | 204.9% |
| New Zealand | 19.5 | 18.1 | 135 | 32.3 | 18.3% |
| United Kingdom | N/A | 4.9 | 9.3 | 16.4 | 82.9% |
| United States | 43.0 | 6.3 | 114 | 9.0 | -40.6% |
| United Arab Emirates | 0.2 | 6.3 | N/A | 3.1 | 149.3% |
| South Korea | 6.1 | N/A | N/A | 1.8 | -33.4% |
| Singapore | N/A | 13.0 | 6.1 | 1.7 | -63.8% |
| New Caledonia | 3.8 | N/A | 1.2 | 1.6 | -25.0% |
| Taiwan (Chinese) | N/A | N/A | 5.5 | N/A | 0% |
| Others | 3.6 | 1.1 | 143 | 7.4 | 27.1% |
| Total | 77.4 | 55.5 | 440 | 170 | 30.0% |
Top Export Markets for Track Suits; of Cotton, Knitted or Crocheted from Australia in 2022:
- French Polynesia (2335.0 units)
- United Kingdom (2030.0 units)
- Hong Kong SAR (1906.0 units)
- New Zealand (1475.0 units)
- United States (242.0 units)
- New Caledonia (195.0 units)
- United Arab Emirates (190.0 units)
- Singapore (79.0 units)
- South Korea (50.0 units)
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