Price for Clothing; Parts, Knitted or Crocheted in India - 2023
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in India (CIF) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in India (FOB) - 2022
- Imports of Clothing; Parts, Knitted or Crocheted in India
- Exports of Clothing; Parts, Knitted or Crocheted in India
Price for Clothing; Parts, Knitted or Crocheted in India (CIF) - 2022
The average import price for clothing; parts, knitted or crocheted stood at $7,278 per ton in 2022, which is down by -50.7% against the previous year. Overall, the import price, however, saw a moderate expansion. The pace of growth appeared the most rapid in 2014 when the average import price increased by 231% against the previous year. The import price peaked at $28,432 per ton in 2015; however, from 2016 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 Hong Kong SAR ($37,484 per ton), while the price for China ($2,825 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Clothing; Parts, Knitted or Crocheted in India (FOB) - 2022
The average export price for clothing; parts, knitted or crocheted stood at $12,097 per ton in 2022, waning by -15.6% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The growth pace was the most rapid in 2015 an increase of 66%. The export price peaked at $23,284 per ton in 2018; however, from 2019 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 Italy ($65,720 per ton), while the average price for exports to the United Arab Emirates ($4,333 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 Italy (+15.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Clothing; Parts, Knitted or Crocheted in India
In 2022, clothing; parts, knitted or crocheted imports into India surged to 1.2K tons, rising by 92% against the previous year. Over the period under review, imports recorded a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, clothing; parts, knitted or crocheted imports declined to $8.8M in 2022. In general, imports, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 45%.
| Import of Clothing; Parts, Knitted or Crocheted in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sri Lanka | 4.3 | 2.1 | 3.9 | 4.5 | 1.5% |
| China | 2.8 | 0.7 | 1.6 | 2.7 | -1.2% |
| Hong Kong SAR | 9.2 | 3.1 | 3.3 | 0.9 | -53.9% |
| Taiwan (Chinese) | 0.3 | 0.1 | 0.2 | 0.4 | 10.1% |
| Others | 0.1 | 0.5 | 0.3 | 0.3 | 44.2% |
| Total | 16.6 | 6.4 | 9.3 | 8.8 | -19.1% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to India in 2022:
- China (965.3 tons)
- Sri Lanka (168.9 tons)
- Taiwan (Chinese) (38.6 tons)
- Hong Kong SAR (24.3 tons)
Exports of Clothing; Parts, Knitted or Crocheted in India
In 2022, the amount of clothing; parts, knitted or crocheted exported from India soared to 108 tons, with an increase of 166% compared with 2021 figures. Over the period under review, exports posted significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, clothing; parts, knitted or crocheted exports skyrocketed to $1.3M in 2022. Overall, exports recorded a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Clothing; Parts, Knitted or Crocheted in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 47.3 | 87.8 | 53.5 | 387 | 101.5% |
| Bangladesh | 7.5 | 18.4 | 19.9 | 348 | 259.3% |
| Sri Lanka | 28.7 | 121 | 69.6 | 194 | 89.1% |
| Italy | 260 | 14.8 | 180 | 176 | -12.2% |
| Egypt | N/A | N/A | N/A | 45.4 | 0% |
| Togo | N/A | N/A | N/A | 40.5 | 0% |
| Benin | N/A | N/A | N/A | 22.5 | 0% |
| United Arab Emirates | 70.8 | 70.8 | 130 | N/A | 35.5% |
| Others | 108 | 87.4 | 128 | 91.6 | -5.3% |
| Total | 522 | 400 | 581 | 1,305 | 35.7% |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from India in 2022:
- United Arab Emirates (undefined tons)
- Bangladesh (39.0 tons)
- Germany (30.5 tons)
- Sri Lanka (16.5 tons)
- Togo (6.0 tons)
- Egypt (4.9 tons)
- Benin (2.9 tons)
- Italy (2.7 tons)
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