Price for Textiles; Worn Clothing and Other Worn Articles in Thailand - 2024
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Thailand (CIF) - 2024
- Price for Textiles; Worn Clothing and Other Worn Articles in Thailand (FOB) - 2022
- Imports of Textiles; Worn Clothing and Other Worn Articles in Thailand
- Exports of Textiles; Worn Clothing and Other Worn Articles in Thailand
Price for Textiles; Worn Clothing and Other Worn Articles in Thailand (CIF) - 2024
The average import price for textiles; worn clothing and other worn articleses stood at $447 per ton in January 2024, reducing by -10.2% against the previous month. In general, the import price saw a slight setback. The growth pace was the most rapid in August 2023 an increase of 17% month-to-month. Over the period under review, average import prices attained the peak figure at $621 per ton in September 2023; however, from October 2023 to January 2024, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In January 2024, the country with the highest price was Japan ($906 per ton), while the price for Pakistan ($306 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Japan (+0.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Textiles; Worn Clothing and Other Worn Articles in Thailand (FOB) - 2022
In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $2,090 per ton, dropping by -23.5% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 23% against the previous year. The export price peaked at $2,732 per ton in 2021, and then plummeted in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($8,321 per ton), while the average price for exports to Cambodia ($358 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Textiles; Worn Clothing and Other Worn Articles in Thailand
Imports of textiles; worn clothing and other worn articleses into Thailand soared to 128K tons in 2022, with an increase of 19% compared with 2021 figures. Over the period under review, imports recorded a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 38% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, imports of textiles; worn clothing and other worn articleses expanded modestly to $65M in 2022. The total import value increased at an average annual rate of +4.9% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 14%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Textiles; Worn Clothing and Other Worn Articles in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 0.1 | 5.2 | 10.1 | 10.2 | 367.2% |
| Pakistan | 6.3 | 7.5 | 10.7 | 10.1 | 17.0% |
| Japan | 10.4 | 7.5 | 8.2 | 10.1 | -1.0% |
| South Korea | 10.6 | 9.2 | 10.3 | 8.4 | -7.5% |
| United States | 6.1 | 4.6 | 4.1 | 6.1 | 0.0% |
| China | 3.7 | 2.8 | 4.3 | 5.0 | 10.6% |
| Malaysia | 2.0 | 1.8 | 1.5 | 2.8 | 11.9% |
| India | 2.5 | 1.8 | 2.0 | 1.8 | -10.4% |
| Hong Kong SAR | 1.6 | 1.7 | 1.3 | 1.4 | -4.4% |
| Canada | 1.4 | 1.7 | 1.8 | 1.2 | -5.0% |
| United Arab Emirates | 0.9 | 1.3 | 1.0 | 1.0 | 3.6% |
| Others | 10.9 | 9.9 | 7.2 | 7.0 | -13.7% |
| Total | 56.4 | 54.8 | 62.4 | 65.1 | 4.9% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Thailand in 2022:
- Pakistan (32.7K tons)
- Cambodia (23.7K tons)
- South Korea (18.2K tons)
- China (12.7K tons)
- Japan (12.7K tons)
- United States (6.4K tons)
- Malaysia (5.4K tons)
- India (4.2K tons)
- Canada (3.2K tons)
- Hong Kong SAR (3.2K tons)
- United Arab Emirates (2.4K tons)
Exports of Textiles; Worn Clothing and Other Worn Articles in Thailand
In 2022, approx. 15K tons of textiles; worn clothing and other worn articleses were exported from Thailand; jumping by 20% against 2021. Overall, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +11.1% 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 +50.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 26% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of textiles; worn clothing and other worn articleses fell to $32M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.0% 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 +44.2% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 40%. As a result, the exports attained the peak of $35M, and then shrank in the following year.
| Export of Textiles; Worn Clothing and Other Worn Articles in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 9.2 | 11.9 | 18.6 | 16.7 | 22.0% |
| Myanmar | 3.1 | 2.1 | 3.3 | 4.6 | 14.1% |
| United States | 0.9 | 1.7 | 3.2 | 2.7 | 44.2% |
| South Korea | 1.2 | 1.1 | 1.0 | 0.8 | -12.6% |
| Kenya | N/A | 0.2 | 0.5 | 0.7 | 87.1% |
| Cambodia | 0.1 | 0.5 | 0.4 | 0.6 | 81.7% |
| Philippines | 0.1 | 0.3 | 0.5 | 0.4 | 58.7% |
| France | 0.5 | 0.7 | 1.0 | 0.4 | -7.2% |
| Tanzania | N/A | N/A | N/A | 0.3 | 0% |
| India | 0.1 | 0.3 | 0.4 | 0.2 | 26.0% |
| Pakistan | 0.1 | 0.2 | 0.1 | N/A | 0.0% |
| Others | 6.9 | 6.0 | 5.9 | 4.9 | -10.8% |
| Total | 22.3 | 25.0 | 35.0 | 32.1 | 12.9% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Thailand in 2022:
- Myanmar (7.5K tons)
- Japan (2.0K tons)
- Cambodia (1.6K tons)
- Kenya (0.7K tons)
- United States (0.6K tons)
- Philippines (0.3K tons)
- South Korea (0.3K tons)
- Tanzania (0.3K tons)
- India (0.1K tons)
- France (0.1K tons)
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