Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Singapore - 2023
Contents:
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Singapore (CIF) - 2022
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Singapore (FOB) - 2022
- Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Singapore
- Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Singapore
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Singapore (CIF) - 2022
The average import price for articles of apparel, clothing accessories and other articles of furskin stood at $457 per unit in 2022, growing by 5.4% against the previous year. Overall, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for articles of apparel, clothing accessories and other articles of furskin increased by +58.9% against 2019 indices. The pace of growth appeared the most rapid in 2020 an increase of 52%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($564 per unit), while the price for China ($186 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Singapore (FOB) - 2022
In 2022, the average export price for articles of apparel, clothing accessories and other articles of furskin amounted to $800 per unit, declining by -9.2% against the previous year. Overall, the export price saw a noticeable curtailment. The growth pace was the most rapid in 2018 when the average export price increased by 28% against the previous year. The export price peaked at $1,126 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($11,905 per unit), while the average price for exports to South Korea ($461 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 Cambodia (+50.0%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Singapore
In 2022, the amount of articles of apparel, clothing accessories and other articles of furskin imported into Singapore soared to 24K units, rising by 63% on 2021 figures. Overall, imports posted resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of articles of apparel, clothing accessories and other articles of furskin soared to $11M in 2022. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 2,830 | 2,236 | 2,780 | 5,862 | 27.5% |
| France | 1,488 | 1,573 | 2,161 | 3,121 | 28.0% |
| Turkey | 153 | 100 | 694 | 508 | 49.2% |
| China | 270 | 84.4 | 132 | 398 | 13.8% |
| United States | 470 | 178 | 205 | 320 | -12.0% |
| Vietnam | 39.4 | 13.4 | 5.5 | 232 | 80.6% |
| India | 37.3 | 54.5 | 36.1 | 33.7 | -3.3% |
| Others | 313 | 335 | 421 | 575 | 22.5% |
| Total | 5,600 | 4,574 | 6,433 | 11,048 | 25.4% |
Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Singapore in 2022:
- Italy (12.1K units)
- France (5.5K units)
- China (2.1K units)
- Turkey (1.2K units)
- United States (1.2K units)
- Vietnam (0.8K units)
- India (0.2K units)
Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Singapore
Exports of articles of apparel, clothing accessories and other articles of furskin from Singapore surged to 9.6K units in 2022, with an increase of 109% compared with the previous year. 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.
In value terms, exports of articles of apparel, clothing accessories and other articles of furskin soared to $7.7M in 2022. In general, exports recorded 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 Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 1,558 | 900 | 1,878 | 3,482 | 30.7% |
| Indonesia | 188 | 47.7 | 129 | 774 | 60.3% |
| Australia | 419 | 327 | 470 | 681 | 17.6% |
| Thailand | 187 | 146 | 108 | 536 | 42.0% |
| Malaysia | 216 | 101 | 93.8 | 292 | 10.6% |
| South Korea | 110 | 30.2 | 229 | 292 | 38.5% |
| France | 46.6 | 49.0 | 129 | 282 | 82.2% |
| Hong Kong SAR | 219 | 1,579 | 199 | 268 | 7.0% |
| Italy | 38.8 | 37.1 | 116 | 175 | 65.2% |
| Qatar | 150 | 101 | 79.4 | 160 | 2.2% |
| Cambodia | 23.9 | N/A | N/A | 150 | 84.5% |
| Vietnam | 78.4 | 29.0 | 121 | 125 | 16.8% |
| New Zealand | 83.9 | 4.9 | 195 | 77.0 | -2.8% |
| Others | 250 | 167 | 285 | 364 | 13.3% |
| Total | 3,569 | 3,517 | 4,033 | 7,659 | 29.0% |
Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Singapore in 2022:
- Japan (4192.0 units)
- Indonesia (957.0 units)
- Australia (825.0 units)
- Thailand (663.0 units)
- South Korea (635.0 units)
- Malaysia (346.0 units)
- France (342.0 units)
- Hong Kong SAR (324.0 units)
- Cambodia (266.0 units)
- Italy (211.0 units)
- Qatar (181.0 units)
- Vietnam (153.0 units)
- New Zealand (93.0 units)
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