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

Contents:

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

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

In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $91,961 per ton, reducing by -18.5% against the previous year. In general, the export price, however, continues to indicate a resilient expansion. The growth pace was the most rapid in 2020 when the average export price increased by 67% against the previous year. The export price peaked at $112,831 per ton in 2021, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($291,128 per ton), while the average price for exports to Turkey ($16,485 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 Hong Kong SAR (+14.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for clothing; parts, knitted or crocheted stood at $46,908 per ton in 2022, with an increase of 13% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the peak figure at $56,881 per ton 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 Croatia ($96,213 per ton), while the price for Serbia ($27,747 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Albania (+10.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Clothing; Parts, Knitted or Crocheted in Italy

In 2022, the amount of clothing; parts, knitted or crocheted exported from Italy shrank to 1.2K tons, which is down by -11.8% on 2021 figures. The total export volume increased at an average annual rate of +2.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, the exports reached the peak of 1.4K tons, and then declined in the following year.

In value terms, clothing; parts, knitted or crocheted exports reduced markedly to $113M in 2022. Overall, exports, however, continue to indicate significant growth. The pace of growth was the most pronounced in 2021 with an increase of 84%. As a result, the exports reached the peak of $157M, and then contracted rapidly in the following year.

Export of Clothing; Parts, Knitted or Crocheted in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR7.316.744.318.335.8%
United States2.63.910.912.267.4%
Romania7.66.29.48.22.6%
China2.33.88.55.936.9%
Switzerland1.20.93.94.959.8%
United Kingdom1.00.86.14.463.9%
France3.32.34.04.17.5%
Croatia2.83.96.43.79.7%
Albania3.52.73.83.50.0%
Tunisia1.11.01.21.817.8%
Serbia2.02.11.71.7-5.3%
Bosnia and Herzegovina1.71.32.21.70.0%
Turkey0.40.30.40.614.5%
Others19.639.254.342.028.9%
Total56.485.115711326.1%

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

  1. Romania (195.4 tons)
  2. Albania (138.0 tons)
  3. Croatia (94.5 tons)
  4. Serbia (93.7 tons)
  5. Hong Kong SAR (62.7 tons)
  6. France (58.4 tons)
  7. China (52.1 tons)
  8. United States (50.7 tons)
  9. Bosnia and Herzegovina (47.7 tons)
  10. United Kingdom (36.7 tons)
  11. Tunisia (35.3 tons)
  12. Switzerland (34.5 tons)
  13. Turkey (34.2 tons)

Imports of Clothing; Parts, Knitted or Crocheted in Italy

In 2022, approx. 260 tons of clothing; parts, knitted or crocheted were imported into Italy; surging by 8.7% against the previous year's figure. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +16.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +57.4% against 2019 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 52% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, clothing; parts, knitted or crocheted imports surged to $12M in 2022. Over the period under review, total imports indicated a significant expansion from 2019 to 2022: its value increased at an average annual rate of +22.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.2% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of 27% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Import of Clothing; Parts, Knitted or Crocheted in Italy (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Croatia0.61.44.34.8100.0%
Romania3.73.73.14.13.5%
SerbiaN/AN/AN/A1.00%
Albania0.10.10.30.458.7%
China0.50.40.60.2-26.3%
United Kingdom0.11.8N/AN/A1700.0%
Others1.61.01.51.5-2.1%
Total6.68.49.912.222.7%

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

  1. Romania (141.9 tons)
  2. Croatia (50.0 tons)
  3. Serbia (37.5 tons)
  4. Albania (7.2 tons)
  5. China (6.7 tons)
  6. United Kingdom (0.4 tons)

Source: IndexBox Market Intelligence Platform

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