Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hong Kong SAR - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hong Kong SAR (CIF) - 2023
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hong Kong SAR (FOB) - 2022
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hong Kong SAR
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hong Kong SAR
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hong Kong SAR (CIF) - 2023
In November 2023, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $74.6 per unit, dropping by -31.5% against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 90% m-o-m. As a result, import price attained the peak level of $152 per unit. From March 2023 to November 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was France ($900 per unit), while the price for China ($34.3 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), 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 Hong Kong SAR (FOB) - 2022
In 2022, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $57 per unit, rising by 4.2% against the previous year. Over the period under review, the export price showed a remarkable increase. The growth pace was the most rapid in 2020 an increase of 65%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Macao SAR ($429 per unit), while the average price for exports to Canada ($16 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 South Africa (+21.8%), 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 Hong Kong SAR
In 2022, imports of articles of apparel and clothing accessories, of leather or of composition leather into Hong Kong SAR dropped to 3.6M units, reducing by -4.1% compared with the year before. Over the period under review, imports faced a precipitous shrinkage. Over the period under review, imports of hit record highs at 10M 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 declined to $219M in 2022. In general, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 3.3%. Imports peaked at $338M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 108 | 56.9 | 71.2 | 69.8 | -13.5% |
| Italy | 75.1 | 49.8 | 55.6 | 52.9 | -11.0% |
| France | 72.1 | 48.5 | 38.4 | 39.2 | -18.4% |
| India | 10.4 | 7.3 | 6.2 | 6.3 | -15.4% |
| Vietnam | 0.4 | 0.8 | 0.6 | 1.4 | 51.8% |
| Others | 72.0 | 54.5 | 53.1 | 49.7 | -11.6% |
| Total | 338 | 218 | 225 | 219 | -13.5% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Hong Kong SAR in 2022:
- China (2654.8K units)
- Italy (406.1K units)
- India (106.8K units)
- Vietnam (63.9K units)
- France (57.4K units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hong Kong SAR
In 2022, approx. 3.1M units of articles of apparel and clothing accessories, of leather or of composition leather were exported from Hong Kong SAR; falling by -13.7% on the year before. In general, exports saw a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 4.4%. Over the period under review, the exports of hit record highs at 9.4M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather contracted to $178M in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2021 with an increase of 2.8% against the previous year. Over the period under review, the exports of reached the peak figure at $314M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 79.6 | 76.6 | 48.7 | 48.9 | -15.0% |
| United States | 81.1 | 28.4 | 39.2 | 30.2 | -28.1% |
| Macao SAR | 41.3 | 21.1 | 37.3 | 26.3 | -14.0% |
| Japan | 22.3 | 15.1 | 12.2 | 8.9 | -26.4% |
| Australia | 8.0 | 4.2 | 4.9 | 4.1 | -20.0% |
| Canada | 11.2 | 3.3 | 3.1 | 2.4 | -40.2% |
| Philippines | 2.5 | 1.0 | 0.8 | 2.2 | -4.2% |
| Others | 67.7 | 43.2 | 52.1 | 55.3 | -6.5% |
| Total | 314 | 193 | 198 | 178 | -17.2% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Hong Kong SAR in 2022:
- United States (1433.0K units)
- China (605.4K units)
- Japan (219.4K units)
- Canada (152.3K units)
- Philippines (96.0K units)
- Australia (64.2K units)
- Macao SAR (61.3K units)
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