Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Australia - 2024
Contents:
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Australia (FOB) - 2024
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Australia (CIF) - 2022
- Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Australia
- Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Australia
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Australia (FOB) - 2024
The average export price for articles of apparel, clothing accessories and other articles of furskin stood at $890 per unit in January 2024, surging by 8.1% against the previous month. Overall, the export price, however, continues to indicate a mild downturn. The growth pace was the most rapid in March 2023 an increase of 80% month-to-month. Over the period under review, the average export prices hit record highs at $1,376 per unit in May 2023; however, from June 2023 to January 2024, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the UK ($1,198 per unit), while the average price for exports to China ($443 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (0.0%), while the prices for the other major destinations experienced a decline.
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Australia (CIF) - 2022
In 2022, the average import price for articles of apparel, clothing accessories and other articles of furskin amounted to $209 per unit, increasing by 17% against the previous year. Overall, the import price showed a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 153%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($775 per unit), while the price for Poland ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+39.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Australia
Exports of articles of apparel, clothing accessories and other articles of furskin from Australia skyrocketed to 19K units in 2022, growing by 108% on the previous year's figure. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of articles of apparel, clothing accessories and other articles of furskin soared to $21M in 2022. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 0.3 | 0.3 | 0.3 | 7.3 | 189.8% |
| New Zealand | 1.9 | 1.4 | 1.5 | 5.7 | 44.2% |
| United States | 3.0 | 3.0 | 3.7 | 4.2 | 11.9% |
| Singapore | 0.1 | 0.1 | 0.1 | 0.6 | 81.7% |
| China | N/A | 0.1 | 0.2 | 0.4 | 100.0% |
| Hong Kong SAR | 0.9 | 1.0 | 0.8 | 0.4 | -23.7% |
| Italy | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Others | 0.9 | 0.7 | 1.2 | 1.9 | 28.3% |
| Total | 7.3 | 6.8 | 8.1 | 20.6 | 41.3% |
Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Australia in 2022:
- United Kingdom (6.7K units)
- New Zealand (5.2K units)
- United States (3.8K units)
- Singapore (0.5K units)
- Hong Kong SAR (0.4K units)
- China (0.3K units)
- Italy (0.2K units)
Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Australia
In 2022, approx. 62K units of articles of apparel, clothing accessories and other articles of furskin were imported into Australia; shrinking by -25.5% against 2021. In general, imports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 9.3% against the previous year. Imports peaked at 105K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of articles of apparel, clothing accessories and other articles of furskin dropped to $13M in 2022. Over the period under review, imports recorded a noticeable downturn. The growth pace was the most rapid in 2021 when imports increased by 20%. As a result, imports reached the peak of $15M, and then reduced in the following year.
| Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.5 | 10.1 | 12.4 | 9.4 | -3.6% |
| Italy | 1.5 | 0.9 | 1.3 | 2.3 | 15.3% |
| Poland | N/A | N/A | N/A | 0.1 | 0% |
| Peru | 0.5 | 0.1 | N/A | N/A | -80.0% |
| Others | 1.2 | 1.2 | 1.1 | 1.1 | -2.9% |
| Total | 13.7 | 12.4 | 14.8 | 12.9 | -2.0% |
Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Australia in 2022:
- China (50.6K units)
- Italy (4.1K units)
- Poland (3.4K units)
- Peru (0.4K units)
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