Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the UK - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the UK (CIF) - 2023
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the UK (FOB) - 2022
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the UK
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the UK
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the UK (CIF) - 2023
In December 2023, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $38.9 per unit, increasing by 17% against the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in June 2023 an increase of 25% m-o-m. Over the period under review, average import prices reached the maximum at $40.2 per unit in December 2022; however, from January 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($236 per unit), while the price for Pakistan ($12.3 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Bangladesh (+25.5%), 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 the UK (FOB) - 2022
In 2022, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $64 per unit, picking up by 12% against the previous year. Overall, export price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 +56.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 42% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($148 per unit), while the average price for exports to the Czech Republic ($5.4 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 Italy (+13.4%), 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 the UK
In 2022, the amount of articles of apparel and clothing accessories, of leather or of composition leather imported into the UK shrank modestly to 9.2M units, waning by -3.3% on 2021. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 2.4% against the previous year. Over the period under review, imports of hit record highs at 13M 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 expanded slightly to $277M in 2022. Over the period under review, imports recorded a drastic downturn. Over the period under review, imports of reached the maximum at $373M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 94.3 | 84.5 | 73.6 | 68.4 | -10.2% |
| India | 45.3 | 35.5 | 36.5 | 55.4 | 6.9% |
| China | 36.5 | 23.5 | 21.9 | 37.2 | 0.6% |
| Pakistan | 30.7 | 25.0 | 29.1 | 34.5 | 4.0% |
| Turkey | 5.8 | 7.7 | 7.7 | 10.3 | 21.1% |
| France | 67.1 | 36.2 | 36.7 | 9.6 | -47.7% |
| Germany | 25.8 | 19.5 | 13.2 | 5.1 | -41.7% |
| Bangladesh | 1.6 | 1.4 | 0.7 | 1.4 | -4.4% |
| Netherlands | 13.5 | 10.1 | 7.8 | 0.9 | -59.5% |
| Others | 52.0 | 44.1 | 41.6 | 54.4 | 1.5% |
| Total | 373 | 288 | 269 | 277 | -9.4% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to the UK in 2022:
- Pakistan (2795.2K units)
- China (2214.2K units)
- India (2013.3K units)
- Italy (532.6K units)
- Bangladesh (256.3K units)
- Turkey (153.9K units)
- France (148.2K units)
- Germany (72.7K units)
- Netherlands (34.2K units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the UK
In 2022, overseas shipments of articles of apparel and clothing accessories, of leather or of composition leather decreased by -26.4% to 1.6M units, falling for the second year in a row after two years of growth. Overall, exports saw a dramatic descent. The growth pace was the most rapid in 2020 when exports increased by 0.5% against the previous year. As a result, the exports reached the peak of 3.8M units. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather declined dramatically to $103M in 2022. Over the period under review, exports recorded a abrupt setback. The smallest decline of -8.2% was in 2020. The exports peaked at $167M in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 15.6 | 12.5 | 16.1 | 19.0 | 6.8% |
| France | 18.1 | 15.3 | 10.4 | 9.6 | -19.1% |
| Italy | 21.0 | 19.3 | 20.1 | 8.9 | -24.9% |
| Germany | 25.1 | 27.3 | 10.1 | 5.5 | -39.7% |
| Japan | 5.9 | 3.8 | 5.4 | 5.4 | -2.9% |
| South Korea | 3.3 | 3.0 | 5.5 | 4.8 | 13.3% |
| Netherlands | 6.3 | 8.0 | 4.3 | 4.7 | -9.3% |
| Ireland | 9.0 | 8.8 | 4.0 | 3.6 | -26.3% |
| Canada | 1.2 | 1.1 | 1.3 | 2.9 | 34.2% |
| China | 1.2 | 1.4 | 2.3 | 2.0 | 18.6% |
| United Arab Emirates | 0.5 | 0.4 | 0.3 | 1.9 | 56.0% |
| Poland | 4.9 | 3.0 | 2.2 | 1.6 | -31.1% |
| Czech Republic | 1.7 | 1.5 | 1.5 | 0.3 | -43.9% |
| Others | 53.0 | 47.9 | 42.1 | 33.4 | -14.3% |
| Total | 167 | 153 | 126 | 103 | -14.9% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from the UK in 2022:
- Germany (243.5K units)
- United States (217.7K units)
- Ireland (146.8K units)
- France (96.3K units)
- Netherlands (84.4K units)
- Poland (78.7K units)
- United Arab Emirates (74.3K units)
- Italy (62.0K units)
- Czech Republic (56.4K units)
- Canada (54.9K units)
- South Korea (38.2K units)
- Japan (36.2K units)
- China (35.2K units)
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