Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in New Zealand - 2024

Contents:

  1. Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in New Zealand (CIF) - 2024
  2. Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in New Zealand (FOB) - 2022
  3. Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in New Zealand
  4. Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in New Zealand

Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in New Zealand (CIF) - 2024

In January 2024, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $36.6 per unit, declining by -13.8% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 when the average import price increased by 894% m-o-m. As a result, import price reached the peak level of $365 per unit. From August 2023 to January 2024, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($65.6 per unit), while the price for the United States ($21.4 per unit) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Australia (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in New Zealand (FOB) - 2022

In 2022, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $74 per unit, growing by 4.1% against the previous year. In general, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for articles of apparel and clothing accessories, of leather or of composition leather increased by +5.0% against 2020 indices. The growth pace was the most rapid in 2017 when the average export price increased by 18%. Over the period under review, the average export prices reached the peak figure at $79 per unit in 2018; however, from 2019 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 Ireland ($93 per unit), while the average price for exports to Tonga ($18 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 Australia (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in New Zealand

In 2022, the amount of articles of apparel and clothing accessories, of leather or of composition leather imported into New Zealand rose modestly to 453K units, with an increase of 4.9% compared with the year before. In general, imports, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2021 with an increase of 28% against the previous year. Imports peaked at 505K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather reduced to $15M in 2022. Overall, imports, however, saw a pronounced decrease. The most prominent rate of growth was recorded in 2021 with an increase of 42% against the previous year. As a result, imports attained the peak of $16M, and then reduced in the following year.

Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in New Zealand (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China4.02.83.93.8-1.7%
India2.31.92.62.52.8%
Pakistan1.31.42.21.913.5%
Italy3.01.72.01.7-17.2%
Australia0.80.70.91.111.2%
Spain0.70.40.80.84.6%
Indonesia0.60.30.60.60.0%
Vietnam0.40.20.40.40.0%
United States0.70.30.40.3-24.6%
Hong Kong SAR0.30.20.10.1-30.7%
Thailand0.30.30.50.1-30.7%
Others0.91.01.41.16.9%
Total15.511.115.814.5-2.2%

Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to New Zealand in 2022:

  1. China (129.1K units)
  2. India (103.4K units)
  3. Pakistan (55.1K units)
  4. Australia (39.3K units)
  5. Italy (33.2K units)
  6. Spain (18.1K units)
  7. Indonesia (17.5K units)
  8. United States (11.5K units)
  9. Vietnam (10.2K units)
  10. Hong Kong SAR (7.1K units)
  11. Thailand (3.2K units)

Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in New Zealand

For the fourth consecutive year, New Zealand recorded growth in shipments abroad of articles of apparel and clothing accessories, of leather or of composition leather, which increased by 23% to 36K units in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.5% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 28%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather skyrocketed to $2.6M in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +19.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +71.1% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 30% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in New Zealand (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Australia9881,0171,5021,60717.6%
Singapore30025414558625.0%
IrelandN/AN/A3.11815738.7%
United States15.918.311854.951.1%
United Kingdom60.616.660.231.6-19.5%
Fiji21.139.831.924.85.5%
Tonga21.817.311.417.2-7.6%
Others1402382041451.2%
Total1,5471,6012,0752,64719.6%

Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from New Zealand in 2022:

  1. Australia (19.6K units)
  2. Singapore (7.4K units)
  3. United States (2.1K units)
  4. Ireland (1.9K units)
  5. Tonga (0.9K units)
  6. Fiji (0.8K units)
  7. United Kingdom (0.4K units)

Source: IndexBox Market Intelligence Platform

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