Price for Clothing; Parts, Knitted or Crocheted in Myanmar - 2022

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Myanmar (CIF) - 2022
2. Imports of Clothing; Parts, Knitted or Crocheted in Myanmar

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

The average import price for clothing; parts, knitted or crocheted stood at $2,470 per ton in 2022, which is down by -2.1% against the previous year. Overall, the import price faced a dramatic contraction. The most prominent rate of growth was recorded in 2021 an increase of 9.8% against the previous year. Over the period under review, average import prices hit record highs at $31,922 per ton in 2012; however, from 2013 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 China ($2,328 per ton), while the price for Thailand ($1,432 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-0.5%), while the prices for the other major suppliers experienced a decline.

Imports of Clothing; Parts, Knitted or Crocheted in Myanmar

In 2022, overseas purchases of clothing; parts, knitted or crocheted were finally on the rise to reach 227 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a precipitous curtailment.

In value terms, clothing; parts, knitted or crocheted imports soared to $560K in 2022. In general, imports, however, showed a significant contraction.

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

1. China (216.0 tons)
2. South Korea (3.4 tons)
3. Japan (3.2 tons)
4. Thailand (3.1 tons)

Source: IndexBox Market Intelligence Platform