Price for Track Suits; of Cotton, Knitted or Crocheted in Portugal - 2023

Contents:

1. Price for Track Suits; of Cotton, Knitted or Crocheted in Portugal (CIF) - 2022
2. Price for Track Suits; of Cotton, Knitted or Crocheted in Portugal (FOB) - 2022
3. Imports of Track Suits; of Cotton, Knitted or Crocheted in Portugal
4. Exports of Track Suits; of Cotton, Knitted or Crocheted in Portugal

Price for Track Suits; of Cotton, Knitted or Crocheted in Portugal (CIF) - 2022

The average import price for track suits; of cotton, knitted or crocheted stood at $9.5 per unit in 2022, remaining relatively unchanged against the previous year. Over the period under review, the import price continues to indicate a noticeable reduction. The growth pace was the most rapid in 2014 an increase of 14% against the previous year. Over the period under review, average import prices hit record highs at $13 per unit in 2018; however, from 2019 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 Belgium ($33 per unit), while the price for Bangladesh ($3.7 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+12.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Track Suits; of Cotton, Knitted or Crocheted in Portugal (FOB) - 2022

The average export price for track suits; of cotton, knitted or crocheted stood at $17 per unit in 2022, picking up by 13% against the previous year. Over the last decade, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2019 an increase of 41% against the previous year. The export price peaked at $17 per unit in 2013; afterwards, it flattened through to 2022.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($26 per unit), while the average price for exports to Montenegro ($0.3 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 Luxembourg (+11.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Track Suits; of Cotton, Knitted or Crocheted in Portugal

For the fourth consecutive year, Portugal recorded growth in supplies from abroad of track suits; of cotton, knitted or crocheted, which increased by 26% to 602K units in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +20.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, imports of track suits; of cotton, knitted or crocheted skyrocketed to $5.7M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.0% 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 +64.2% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Track Suits; of Cotton, Knitted or Crocheted to Portugal in 2022:

1. Bangladesh (145.8K units)
2. Spain (129.1K units)
3. Pakistan (106.2K units)
4. India (63.5K units)
5. Netherlands (39.9K units)
6. Germany (31.8K units)
7. Italy (17.7K units)
8. France (17.3K units)
9. Sweden (15.1K units)
10. Belgium (11.1K units)
11. Slovenia (8.3K units)
12. China (3.7K units)

Exports of Track Suits; of Cotton, Knitted or Crocheted in Portugal

In 2022, shipments abroad of track suits; of cotton, knitted or crocheted decreased by -18.2% to 209K units for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +6.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2020 when exports increased by 22%. Over the period under review, the exports of hit record highs at 256K units in 2021, and then shrank sharply in the following year.

In value terms, exports of track suits; of cotton, knitted or crocheted shrank to $3.5M in 2022. The total export value increased at an average annual rate of +7.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 19%. Over the period under review, the exports of reached the maximum at $3.8M in 2021, and then declined in the following year.

Top Export Markets for Track Suits; of Cotton, Knitted or Crocheted from Portugal in 2022:

1. Spain (53.1K units)
2. Netherlands (52.5K units)
3. Italy (22.3K units)
4. Ireland (18.2K units)
5. Luxembourg (10.2K units)
6. France (8.9K units)
7. Germany (8.5K units)
8. Montenegro (7.1K units)
9. United States (6.2K units)
10. United Kingdom (4.8K units)
11. Romania (3.2K units)

Source: IndexBox Market Intelligence Platform