Thailand - Knitted Or Crocheted Fabrics - Market Analysis, Forecast, Size, Trends and Insights
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View PricingThailand's Import of Knitted Fabric Declines by 5% to $31M in September 2023
Thailand Knitted Fabric Imports
In September 2023, approximately 4.9K tons of knitted or crocheted fabrics were imported into Thailand; dropping by -11.1% on the month before. Over the period under review, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in March 2023 with an increase of 61% m-o-m.
In value terms, knitted fabric imports fell to $31M (IndexBox estimates) in September 2023. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 with an increase of 44% month-to-month.
| COUNTRY | Import Value of Knitted Fabric in Thailand (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | |
| China | 13.0 | 11.0 | 13.4 | 11.7 | 15.7 | 7.8 | 13.2 | 10.3 | 15.2 | 10.3 | 10.7 | 13.0 | 12.2 |
| Vietnam | 6.2 | 5.4 | 6.1 | 4.8 | 8.7 | 5.7 | 6.0 | 5.5 | 6.7 | 5.6 | 5.5 | 7.7 | 6.4 |
| Taiwan (Chinese) | 8.3 | 7.7 | 8.0 | 6.5 | 8.6 | 5.5 | 6.6 | 5.1 | 9.0 | 8.1 | 6.0 | 6.9 | 6.3 |
| South Korea | 0.4 | 0.7 | 0.7 | 0.7 | 0.8 | 0.5 | 0.7 | 0.7 | 0.5 | 0.7 | 0.7 | 0.5 | 0.6 |
| Others | 4.6 | 4.8 | 7.1 | 5.2 | 6.0 | 5.0 | 5.7 | 4.6 | 6.3 | 5.2 | 4.0 | 4.8 | 5.7 |
| Total | 32.5 | 29.6 | 35.3 | 28.9 | 39.8 | 24.6 | 32.2 | 26.2 | 37.7 | 29.9 | 26.9 | 32.9 | 31.2 |
Imports by Country
In September 2023, China (3.1K tons) constituted the largest supplier of knitted fabric to Thailand, with a 63% share of total imports. Moreover, knitted fabric imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (716 tons), fourfold. The third position in this ranking was taken by Taiwan (Chinese) (577 tons), with a 12% share.
From September 2022 to September 2023, the average monthly rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average monthly rates of imports growth: Vietnam (+1.1% per month) and Taiwan (Chinese) (-1.1% per month).
In value terms, China ($12M), Vietnam ($6.4M) and Taiwan (Chinese) ($6.3M) constituted the largest knitted fabric suppliers to Thailand, together comprising 80% of total imports. South Korea lagged somewhat behind, accounting for a further 1.9%.
Among the main suppliers, South Korea, with a CAGR of +2.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.
Imports by Type
In September 2023, fabrics, knitted or crocheted, of a width of > 30 cm (3.2K tons) constituted the largest type of knitted fabric supplied to Thailand, with a 66% share of total imports. Moreover, fabrics, knitted or crocheted, of a width of > 30 cm exceeded the figures recorded for the second-largest type, knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (1.1K tons), threefold. Warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm (281 tons) ranked third in terms of total imports with a 5.8% share.
From September 2022 to September 2023, the average monthly rate of growth in terms of the volume of import of fabrics, knitted or crocheted, of a width of > 30 cm was relatively modest. With regard to the other supplied products, the following average monthly rates of growth were recorded: knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread (+0.2% per month) and warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm (-2.6% per month).
In value terms, fabrics, knitted or crocheted, of a width of > 30 cm ($18M), knitted or crocheted fabrics, of a width > 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread ($9.2M) and knitted or crocheted pile fabrics ($1.8M) appeared to be the most imported types of knitted or crocheted fabrics in Thailand, with a combined 93% share of total imports. Warp knit fabrics, incl. those made on galloon knitting machines, of a width of > 30 cm, knitted or crocheted fabrics, of a width <= 30 cm, containing by weight >= 5% of elastomeric yarn or rubber thread and knitted or crocheted fabrics, of a width <= 30 cm lagged somewhat behind, together comprising a further 6.5%.
Import Prices by Country
In September 2023, the knitted fabric price amounted to $6,405 per ton (CIF, Thailand), growing by 6.5% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 14% m-o-m. Over the period under review, average import prices attained the peak figure at $6,700 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($21,283 per ton), while the price for China ($3,990 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+3.2%), while the prices for the other major suppliers experienced a decline.
This report provides an in-depth analysis of the knitted fabric market in Thailand. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 13911100 - Pile fabrics, terry fabrics, knitted or crocheted
- Prodcom 13911910 - Knitted or crocheted fabrics (excluding pile fabrics)
Country coverage:
- Thailand
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Thailand
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
