Price for Clothing; Parts, Knitted or Crocheted in Australia - 2023

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Australia (FOB) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in Australia (CIF) - 2022
3. Exports of Clothing; Parts, Knitted or Crocheted in Australia
4. Imports of Clothing; Parts, Knitted or Crocheted in Australia

Price for Clothing; Parts, Knitted or Crocheted in Australia (FOB) - 2022

The average export price for clothing; parts, knitted or crocheted stood at $77,430 per ton in 2022, with an increase of 5.3% against the previous year. Over the period under review, the export price posted resilient growth. The most prominent rate of growth was recorded in 2017 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Fiji ($89,753 per ton), while the average price for exports to the United Arab Emirates ($29,999 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+65.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Clothing; Parts, Knitted or Crocheted in Australia (CIF) - 2022

The average import price for clothing; parts, knitted or crocheted stood at $34,581 per ton in 2022, with an increase of 12% against the previous year. Overall, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 103% against the previous year. Over the period under review, average import prices hit record highs at $39,788 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($34,625 per ton) and Sri Lanka ($34,615 per ton), while the price for Pakistan ($34,546 per ton) and Lithuania ($34,573 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+17.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Clothing; Parts, Knitted or Crocheted in Australia

In 2022, after three years of growth, there was significant decline in overseas shipments of clothing; parts, knitted or crocheted, when their volume decreased by -46.3% to 56 tons. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 84% against the previous year. As a result, the exports attained the peak of 104 tons, and then shrank dramatically in the following year.

In value terms, clothing; parts, knitted or crocheted exports declined remarkably to $4.3M in 2022. Over the period under review, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 135% against the previous year. As a result, the exports reached the peak of $7.6M, and then contracted sharply in the following year.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from Australia in 2022:

1. New Zealand (30.2 tons)
2. Hong Kong SAR (4.2 tons)
3. United States (3.9 tons)
4. United Arab Emirates (3.2 tons)
5. Netherlands (2.5 tons)
6. Singapore (1.5 tons)
7. United Kingdom (1.5 tons)
8. Canada (0.9 tons)
9. Fiji (0.9 tons)
10. Japan (0.4 tons)

Imports of Clothing; Parts, Knitted or Crocheted in Australia

In 2022, the amount of clothing; parts, knitted or crocheted imported into Australia reduced notably to 9.3 tons, declining by -69.5% on the previous year's figure. In general, imports faced a precipitous decrease. The smallest decline of -39.9% was in 2020.

In value terms, clothing; parts, knitted or crocheted imports reduced sharply to $323K in 2022. Over the period under review, imports saw a significant decline. The smallest decline of -45.2% was in 2020.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Australia in 2022:

1. China (3.4 tons)
2. Vietnam (2.0 tons)
3. United States (1.8 tons)
4. Lithuania (1.0 tons)
5. Pakistan (0.3 tons)
6. Italy (0.3 tons)
7. Sri Lanka (0.3 tons)

Source: IndexBox Market Intelligence Platform