Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the United States - 2023

Contents:

  1. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the United States (CIF) - 2022
  2. Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the United States (FOB) - 2022
  3. Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the United States
  4. Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the United States

Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the United States (CIF) - 2022

In 2022, the average import price for articles of apparel, clothing accessories and other articles of furskin amounted to $9,493 per unit, growing by 29% against the previous year. Over the period under review, the import price, however, showed a sharp decrease. The pace of growth was the most pronounced in 2021 an increase of 156% against the previous year. The import price peaked at $210,687 per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 ($371,229 per unit), while the price for Antigua and Barbuda ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+6.1%), 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 United States (FOB) - 2022

In 2022, the average export price for articles of apparel, clothing accessories and other articles of furskin amounted to $286 per unit, falling by -18.3% against the previous year. Overall, the export price continues to indicate a precipitous curtailment. The most prominent rate of growth was recorded in 2013 an increase of 48% against the previous year. As a result, the export price attained the peak level of $8,693 per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

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 France ($738 per unit), while the average price for exports to Uzbekistan ($29 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 (-21.5%), while the prices for the other major destinations experienced a decline.

Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the United States

In 2022, overseas purchases of articles of apparel, clothing accessories and other articles of furskin decreased by -3.1% to 16K units, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2020 with an increase of 319%. As a result, imports attained the peak of 31K units. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of articles of apparel, clothing accessories and other articles of furskin surged to $149M in 2022. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Imports peaked at $150M 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 United States (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
India5,3483,6245,9756,2875.5%
San Marino27731546895651.1%
Malaysia2,98230475.0939-32.0%
Cambodia3842,9261,13154612.4%
Bangladesh25.021071.2280123.7%
Moldova18747.212826812.7%
Denmark31178.080.9253-6.6%
Albania33.836.385.915465.8%
NicaraguaN/A36.257.643.59.6%
Guatemala52.915.52.642.4-7.1%
Antigua and BarbudaN/AN/AN/A0.80%
JordanN/AN/A19.6N/A0%
Others140,46781,801110,688139,066-0.3%
Total150,06889,394118,783148,837-0.3%

Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to the United States in 2022:

  1. Cambodia (5.5K units)
  2. Bangladesh (2.3K units)
  3. Nicaragua (1.8K units)
  4. Malaysia (1.3K units)
  5. India (0.8K units)
  6. Antigua and Barbuda (0.8K units)
  7. Albania (0.6K units)
  8. Denmark (0.6K units)
  9. Moldova (0.5K units)
  10. San Marino (0.4K units)
  11. Guatemala (0.3K units)

Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the United States

After three years of growth, shipments abroad of articles of apparel, clothing accessories and other articles of furskin decreased by -19.2% to 71K units in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 128%. Over the period under review, the exports of reached the maximum at 88K units in 2021, and then dropped remarkably in the following year.

In value terms, exports of articles of apparel, clothing accessories and other articles of furskin fell remarkably to $20M in 2022. Overall, total exports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 48%. Over the period under review, the exports of hit record highs at $31M in 2021, and then declined notably in the following year.

Export of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in the United States (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico0.514.415.64.8112.5%
France0.80.30.33.055.4%
Canada3.63.92.32.9-7.0%
RussiaN/A0.20.51.3155.0%
EcuadorN/AN/AN/A0.80%
Italy1.23.43.30.6-20.6%
Hong Kong SAR0.60.30.70.60.0%
United Kingdom1.90.50.50.5-35.9%
Guatemala0.4N/A0.10.40.0%
United Arab EmiratesN/AN/AN/A0.30%
Singapore0.40.10.30.3-9.1%
UzbekistanN/AN/A0.30.2-33.3%
Cayman IslandsN/AN/AN/A0.10%
Others8.43.36.94.3-20.0%
Total17.826.430.820.44.6%

Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from the United States in 2022:

  1. Mexico (14.9K units)
  2. Canada (8.6K units)
  3. Uzbekistan (7.4K units)
  4. Russia (5.7K units)
  5. Ecuador (4.8K units)
  6. France (4.1K units)
  7. United Arab Emirates (2.7K units)
  8. Guatemala (2.4K units)
  9. Cayman Islands (1.8K units)
  10. United Kingdom (1.7K units)
  11. Italy (1.6K units)
  12. Singapore (1.6K units)
  13. Hong Kong SAR (1.6K units)

Source: IndexBox Market Intelligence Platform

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