Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Denmark - 2023
Contents:
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Denmark (CIF) - 2022
- Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Denmark (FOB) - 2023
- Imports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Denmark
- Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Denmark
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Denmark (CIF) - 2022
The average import price for track suits; of synthetic fibres, knitted or crocheteds stood at $27 per unit in 2022, jumping by 29% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +6.2% 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 increased by +117.3% against 2019 indices. The pace of growth was the most pronounced in 2021 an increase of 58%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 ($46 per unit), while the price for Pakistan ($6.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Latvia (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Track Suits; of Synthetic Fibres, Knitted or Crocheted in Denmark (FOB) - 2023
The average export price for track suits; of synthetic fibres, knitted or crocheteds stood at $66.2 per unit in December 2023, growing by 11% against the previous month. Over the period under review, export price indicated a perceptible expansion from December 2022 to December 2023: its price increased at an average monthly rate of +3.5% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for track suits; of synthetic fibres, knitted or crocheteds increased by +97.2% against July 2023 indices. The most prominent rate of growth was recorded in May 2023 an increase of 33% m-o-m. Over the period under review, the average export prices hit record highs in December 2023.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was the UK ($125 per unit), while the average price for exports to Iceland ($34.5 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+8.2%), 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 Denmark
After three years of growth, overseas purchases of track suits; of synthetic fibres, knitted or crocheteds decreased by -46.4% to 543K units in 2022. Overall, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 143% against the previous year. As a result, imports reached the peak of 1M units, and then reduced markedly in the following year.
In value terms, imports of track suits; of synthetic fibres, knitted or crocheteds declined sharply to $15M in 2022. In general, imports, however, continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 284%. As a result, imports reached the peak of $22M, and then fell sharply in the following year.
| Import of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 0.2 | 0.1 | 4.9 | 6.6 | 220.8% |
| Poland | 0.4 | 2.1 | 6.1 | 2.2 | 76.5% |
| Lithuania | N/A | N/A | 3.6 | 1.9 | -47.2% |
| Latvia | 0.2 | 0.8 | 1.2 | 0.8 | 58.7% |
| Germany | 0.7 | 0.6 | 0.8 | 0.8 | 4.6% |
| Belgium | 0.3 | 0.4 | 0.7 | 0.6 | 26.0% |
| China | 0.5 | 0.7 | 0.5 | 0.6 | 6.3% |
| Pakistan | N/A | 0.5 | 0.8 | N/A | 60.0% |
| Others | 0.5 | 0.4 | 3.0 | 1.6 | 47.4% |
| Total | 2.9 | 5.6 | 21.5 | 14.9 | 72.6% |
Top Suppliers of Track Suits; of Synthetic Fibres, Knitted or Crocheted to Denmark in 2022:
- Italy (142.7K units)
- Poland (122.7K units)
- Lithuania (73.3K units)
- China (50.7K units)
- Latvia (45.9K units)
- Germany (30.2K units)
- Belgium (16.4K units)
- Pakistan (0.9K units)
Exports of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Denmark
In 2022, approx. 190K units of track suits; of synthetic fibres, knitted or crocheteds were exported from Denmark; picking up by 9.7% against the year before. The total export volume increased at an average annual rate of +5.4% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 44%. As a result, the exports reached the peak of 235K units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of track suits; of synthetic fibres, knitted or crocheteds skyrocketed to $8.8M in 2022. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Track Suits; of Synthetic Fibres, Knitted or Crocheted in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 12.9 | 2.6 | 366 | 1,794 | 418.1% |
| Italy | 4.3 | 8.4 | 12.8 | 1,274 | 566.7% |
| Germany | 334 | 393 | 234 | 852 | 36.6% |
| Singapore | 51.9 | 14.9 | 785 | 825 | 151.4% |
| Sweden | 714 | 2,240 | 1,515 | 728 | 0.6% |
| China | 0.9 | N/A | 262 | 495 | 719.3% |
| Spain | 0.1 | 4.6 | 0.3 | 456 | 1558.3% |
| Norway | 223 | 264 | 256 | 218 | -0.8% |
| South Korea | 636 | 190 | 372 | 140 | -39.6% |
| United Kingdom | 8.4 | 53.6 | 150 | 129 | 148.6% |
| Poland | 20.7 | 8.2 | 25.8 | 120 | 79.6% |
| Finland | 85.3 | 34.9 | 7.2 | 40.0 | -22.3% |
| Others | 206 | 103 | 1,282 | 1,688 | 101.6% |
| Total | 2,298 | 3,317 | 5,268 | 8,759 | 56.2% |
Top Export Markets for Track Suits; of Synthetic Fibres, Knitted or Crocheted from Denmark in 2022:
- Netherlands (52.8K units)
- Sweden (29.7K units)
- Italy (18.4K units)
- Spain (17.8K units)
- Singapore (15.7K units)
- Germany (9.7K units)
- China (6.1K units)
- United Kingdom (3.4K units)
- Norway (3.4K units)
- South Korea (3.2K units)
- Poland (2.9K units)
- Finland (2.0K units)
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