Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the UK - 2023
Contents:
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the UK (CIF) - 2022
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the UK (FOB) - 2022
- Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the UK
- Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the UK
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the UK (CIF) - 2022
In 2022, the average import price for articles of apparel, clothing accessories and other articles of furskin amounted to $213 per unit, with a decrease of -6% against the previous year. Over the period under review, the import price recorded a noticeable decline. The pace of growth was the most pronounced in 2017 when the average import price increased by 71%. Over the period under review, average import prices reached the maximum at $424 per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.
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 ($920 per unit), while the price for India ($29 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+2.8%), 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 the UK (FOB) - 2022
The average export price for articles of apparel, clothing accessories and other articles of furskin stood at $687 per unit in 2022, surging by 9.1% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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, clothing accessories and other articles of furskin decreased by -35.3% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 46%. As a result, the export price attained the peak level of $1,062 per unit. From 2019 to 2022, the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($1,661 per unit), while the average price for exports to Australia ($149 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 Hong Kong SAR (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the UK
In 2022, imports of articles of apparel, clothing accessories and other articles of furskin into the UK skyrocketed to 173K units, jumping by 26% on the previous year. Overall, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 29%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, imports of articles of apparel, clothing accessories and other articles of furskin soared to $37M in 2022. Over the period under review, imports, however, faced a deep downturn. Imports peaked at $58M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 23.9 | 13.4 | 11.6 | 15.4 | -13.6% |
| Turkey | 5.4 | 2.9 | 3.7 | 5.4 | 0.0% |
| France | 15.5 | 8.1 | 7.7 | 4.9 | -31.9% |
| China | 3.8 | 2.0 | 3.6 | 4.1 | 2.6% |
| Argentina | N/A | N/A | N/A | 1.2 | 0% |
| Germany | 2.6 | 1.8 | 2.3 | 1.0 | -27.3% |
| Spain | 1.3 | 1.4 | 0.5 | 0.7 | -18.6% |
| Uruguay | 1.0 | 0.7 | 0.3 | 0.6 | -15.7% |
| India | N/A | N/A | N/A | 0.3 | 0% |
| Netherlands | 1.5 | 3.7 | 0.5 | 0.1 | -59.5% |
| Others | 3.1 | 1.1 | 0.9 | 3.2 | 1.1% |
| Total | 58.0 | 35.2 | 31.2 | 36.9 | -14.0% |
Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to the UK in 2022:
- China (57.5K units)
- Turkey (29.2K units)
- Argentina (18.1K units)
- Italy (16.7K units)
- Germany (15.6K units)
- India (10.9K units)
- France (6.5K units)
- Uruguay (4.6K units)
- Spain (4.0K units)
- Netherlands (0.3K units)
Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the UK
In 2022, approx. 23K units of articles of apparel, clothing accessories and other articles of furskin were exported from the UK; reducing by -16.9% against the previous year. In general, exports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 7.6%. Over the period under review, the exports of reached the maximum at 37K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of articles of apparel, clothing accessories and other articles of furskin shrank to $16M in 2022. Over the period under review, exports continue to indicate a dramatic contraction. The exports peaked at $33M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
| Export of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 10.8 | 7.5 | 5.5 | 3.2 | -33.3% |
| Germany | 2.6 | 1.9 | 3.0 | 2.5 | -1.3% |
| United States | 3.8 | 2.2 | 1.7 | 1.9 | -20.6% |
| France | 4.8 | 3.9 | 2.2 | 1.8 | -27.9% |
| Hong Kong SAR | 2.2 | 0.4 | 0.6 | 1.1 | -20.6% |
| Japan | 0.9 | 0.3 | 0.2 | 1.0 | 3.6% |
| United Arab Emirates | 0.2 | 0.1 | 0.1 | 0.7 | 51.8% |
| Belgium | 0.2 | 0.1 | 0.2 | 0.5 | 35.7% |
| Canada | 0.3 | 0.2 | 0.1 | 0.4 | 10.1% |
| Switzerland | 0.4 | 0.3 | 0.6 | 0.4 | 0.0% |
| Netherlands | 0.9 | 1.2 | 0.5 | 0.3 | -30.7% |
| Australia | 0.4 | 0.2 | 0.1 | 0.1 | -37.0% |
| Ireland | 0.2 | 0.3 | 0.1 | 0.1 | -20.6% |
| Others | 5.2 | 4.1 | 2.6 | 2.0 | -27.3% |
| Total | 33.0 | 22.7 | 17.6 | 16.0 | -21.4% |
Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from the UK in 2022:
- Germany (5.3K units)
- Japan (4.2K units)
- Italy (2.4K units)
- United States (2.1K units)
- France (1.7K units)
- United Arab Emirates (1.2K units)
- Hong Kong SAR (0.7K units)
- Netherlands (0.6K units)
- Ireland (0.6K units)
- Belgium (0.6K units)
- Canada (0.5K units)
- Australia (0.4K units)
- Switzerland (0.4K units)
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