Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Myanmar - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Myanmar (FOB) - 2022
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Myanmar (CIF) - 2022
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Myanmar
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Myanmar
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Myanmar (FOB) - 2022
The average export price for articles of apparel and clothing accessories, of leather or of composition leather stood at $5.7 per unit in 2022, waning by -15.3% against the previous year. Overall, the export price showed a pronounced contraction. The growth pace was the most rapid in 2018 when the average export price increased by 47% against the previous year. As a result, the export price reached the peak level of $12 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Thailand ($9.1 per unit), while the average price for exports to China ($1.3 per unit) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-2.0%), while the prices for the other major destinations experienced a decline.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Myanmar (CIF) - 2022
In 2022, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $2.2 per unit, which is down by -48% against the previous year. Over the period under review, the import price, however, showed resilient growth. The pace of growth appeared the most rapid in 2013 when the average import price increased by 471%. The import price peaked at $5.2 per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.
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 Japan ($11 per unit), while the price for China ($1.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+15.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Myanmar
In 2022, the amount of articles of apparel and clothing accessories, of leather or of composition leather exported from Myanmar skyrocketed to 784K units, rising by 99% compared with the previous year. Overall, exports, however, faced a sharp slump. The exports peaked at 2.6M units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather surged to $4.5M in 2022. Over the period under review, exports, however, saw a sharp slump. Over the period under review, the exports of attained the maximum at $18M in 2020; however, from 2021 to 2022, the exports remained at a lower figure.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Myanmar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.6 | 13.1 | 1.8 | 2.7 | -25.8% |
| Japan | 2.7 | 0.7 | 0.2 | 0.5 | -43.0% |
| Thailand | N/A | N/A | N/A | 0.4 | 0% |
| Canada | 0.5 | 0.3 | 0.1 | 0.2 | -26.3% |
| China | 3.8 | 0.7 | 0.1 | 0.2 | -62.5% |
| Others | 2.4 | 3.3 | 0.4 | 0.4 | -45.0% |
| Total | 16.1 | 18.1 | 2.7 | 4.5 | -34.6% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Myanmar in 2022:
- United States (395.4K units)
- China (150.4K units)
- Japan (141.1K units)
- Thailand (47.9K units)
- Canada (27.6K units)
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Myanmar
Imports of articles of apparel and clothing accessories, of leather or of composition leather into Myanmar fell notably to 373K units in 2022, waning by -38.3% on 2021 figures. Over the period under review, imports recorded a precipitous decline. The smallest decline of -17% was in 2021. Over the period under review, imports of reached the peak figure at 2.1M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather declined sharply to $829K in 2022. In general, imports faced a precipitous setback. The pace of growth appeared the most rapid in 2021 when imports increased by 31% against the previous year. Over the period under review, imports of reached the maximum at $6.2M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Myanmar (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,203 | 432 | 344 | 400 | -43.4% |
| Thailand | 383 | 69.7 | 209 | 142 | -28.2% |
| South Korea | 399 | 909 | 612 | 86.7 | -39.9% |
| Japan | 21.7 | 15.2 | 48.2 | 85.6 | 58.0% |
| Malaysia | 18.3 | 233 | 243 | 50.9 | 40.6% |
| Vietnam | 1,241 | 70.7 | 400 | 1.9 | -88.5% |
| Taiwan (Chinese) | 78.2 | 16.4 | 26.1 | 0.5 | -81.4% |
| Others | 1,896 | 221 | 701 | 61.5 | -68.1% |
| Total | 6,240 | 1,968 | 2,584 | 829 | -49.0% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Myanmar in 2022:
- China (268.8K units)
- Thailand (66.6K units)
- South Korea (14.9K units)
- Japan (7.7K units)
- Malaysia (6.3K units)
- Taiwan (Chinese) (0.4K units)
- Vietnam (0.2K units)
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