Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United Arab Emirates - 2022

Contents:

1. Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United Arab Emirates (CIF) - 2022
2. Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United Arab Emirates (FOB) - 2022
3. Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United Arab Emirates
4. Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United Arab Emirates

Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $28 per unit, reducing by -12.3% against the previous year. Over the period under review, the import price, however, saw a remarkable increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 60% against the previous year. The import price peaked at $36 per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 Italy ($186 per unit), while the price for China ($6.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United Arab Emirates (FOB) - 2022

The average export price for articles of apparel and clothing accessories, of leather or of composition leather stood at $12 per unit in 2022, surging by 9.9% against the previous year. Over the period under review, the export price posted a mild increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 484% against the previous year. The export price peaked at $32 per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($33 per unit), while the average price for exports to Mozambique ($0.8 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 Saudi Arabia (+12.9%), 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 United Arab Emirates

In 2022, imports of articles of apparel and clothing accessories, of leather or of composition leather into the United Arab Emirates surged to 3.5M units, picking up by 29% compared with 2021. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +69.0% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 31%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather rose rapidly to $97M in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 31%. Imports peaked in 2022 and are expected to retain growth in years to come.

Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to the United Arab Emirates in 2022:

1. China (1400.7K units)
2. India (1019.3K units)
3. Pakistan (379.9K units)
4. Italy (235.9K units)
5. Turkey (103.4K units)
6. Spain (93.4K units)
7. Vietnam (57.5K units)

Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United Arab Emirates

In 2022, the amount of articles of apparel and clothing accessories, of leather or of composition leather exported from the United Arab Emirates skyrocketed to 2M units, rising by 108% on 2021 figures. Overall, exports recorded significant growth. The growth pace was the most rapid in 2020 when exports increased by 492%. As a result, the exports reached the peak of 4.6M units. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather skyrocketed to $23M in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from the United Arab Emirates in 2022:

1. Saudi Arabia (449.1K units)
2. Qatar (271.0K units)
3. Oman (248.4K units)
4. Iraq (155.9K units)
5. Bahrain (128.8K units)
6. Kuwait (113.2K units)
7. Comoros (89.1K units)
8. Ghana (65.6K units)
9. Algeria (58.1K units)
10. Cote d'Ivoire (37.0K units)
11. Mozambique (0.4K units)

Source: IndexBox Market Intelligence Platform