Price for Clothing; Parts, Knitted or Crocheted in China - 2023
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in China (FOB) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in China (CIF) - 2022
- Exports of Clothing; Parts, Knitted or Crocheted in China
- Imports of Clothing; Parts, Knitted or Crocheted in China
Price for Clothing; Parts, Knitted or Crocheted in China (FOB) - 2022
In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $12,395 per ton, picking up by 6.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The growth pace was the most rapid in 2018 when the average export price increased by 12%. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($16,388 per ton), while the average price for exports to Honduras ($5,362 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 Jordan (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Clothing; Parts, Knitted or Crocheted in China (CIF) - 2022
In 2022, the average import price for clothing; parts, knitted or crocheted amounted to $22,918 per ton, picking up by 41% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, clothing; parts, knitted or crocheted import price increased by +73.7% against 2020 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($61,786 per ton), while the price for Cambodia ($10,191 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+6.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Clothing; Parts, Knitted or Crocheted in China
In 2022, after two years of decline, there was significant growth in shipments abroad of clothing; parts, knitted or crocheted, when their volume increased by 7.6% to 22K tons. In general, exports, however, continue to indicate a abrupt decrease.
In value terms, clothing; parts, knitted or crocheted exports surged to $278M in 2022. Over the period under review, exports, however, showed a perceptible reduction.
| Export of Clothing; Parts, Knitted or Crocheted in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | 1.9 | 79.3 | 44.0 | 72.7 | 237.0% |
| Cambodia | 87.3 | 53.2 | 58.7 | 70.5 | -6.9% |
| Vietnam | 74.7 | 37.2 | 37.0 | 39.4 | -19.2% |
| Bangladesh | 9.9 | 5.4 | 12.1 | 9.7 | -0.7% |
| Hong Kong SAR | 33.3 | 20.7 | 21.9 | 7.9 | -38.1% |
| Philippines | 3.7 | 3.0 | 4.3 | 7.5 | 26.6% |
| Jordan | 9.4 | 4.2 | 7.9 | 7.1 | -8.9% |
| Indonesia | 4.5 | 2.7 | 4.8 | 6.3 | 11.9% |
| India | 6.9 | 2.6 | 3.6 | 4.2 | -15.3% |
| Honduras | 3.5 | 3.2 | 2.8 | 3.0 | -5.0% |
| Sri Lanka | 14.6 | 5.2 | 2.1 | 2.5 | -44.5% |
| Others | 55.0 | 35.6 | 41.9 | 46.6 | -5.4% |
| Total | 305 | 252 | 241 | 278 | -3.0% |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from China in 2022:
- Myanmar (6.1K tons)
- Cambodia (5.6K tons)
- Vietnam (3.0K tons)
- Bangladesh (0.8K tons)
- Jordan (0.7K tons)
- Honduras (0.6K tons)
- Hong Kong SAR (0.6K tons)
- Philippines (0.5K tons)
- Indonesia (0.4K tons)
- India (0.4K tons)
- Sri Lanka (0.2K tons)
Imports of Clothing; Parts, Knitted or Crocheted in China
In 2022, purchases abroad of clothing; parts, knitted or crocheted decreased by -57.4% to 491 tons, falling for the second consecutive year after two years of growth. In general, imports, however, showed mild growth. The pace of growth was the most pronounced in 2020 with an increase of 190%. As a result, imports reached the peak of 1.4K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, clothing; parts, knitted or crocheted imports dropped significantly to $11M in 2022. Overall, imports, however, showed a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 132% against the previous year.
| Import of Clothing; Parts, Knitted or Crocheted in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 2.0 | 1.7 | 2.1 | 2.9 | 13.2% |
| Italy | 1.2 | 1.7 | 4.4 | 2.6 | 29.4% |
| Hong Kong SAR | 0.5 | 11.7 | 7.4 | 1.6 | 47.4% |
| Japan | 1.5 | 0.9 | 1.0 | 1.0 | -12.6% |
| South Korea | 0.6 | 0.4 | 0.6 | 0.7 | 5.3% |
| Vietnam | 0.7 | 0.2 | 0.6 | 0.6 | -5.0% |
| Cambodia | N/A | N/A | 0.5 | 0.4 | -20.0% |
| Bangladesh | 0.4 | 0.3 | 0.2 | 0.1 | -37.0% |
| Others | 1.0 | 1.2 | 1.9 | 1.5 | 14.5% |
| Total | 7.8 | 18.0 | 18.7 | 11.3 | 13.2% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to China in 2022:
- Taiwan (Chinese) (138.7 tons)
- Hong Kong SAR (136.1 tons)
- South Korea (47.2 tons)
- Italy (42.5 tons)
- Cambodia (35.5 tons)
- Vietnam (28.2 tons)
- Japan (25.6 tons)
- Bangladesh (5.6 tons)
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