Price for Clothing; Parts, Knitted or Crocheted in Thailand - 2023
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in Thailand (FOB) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in Thailand (CIF) - 2022
- Exports of Clothing; Parts, Knitted or Crocheted in Thailand
- Imports of Clothing; Parts, Knitted or Crocheted in Thailand
Price for Clothing; Parts, Knitted or Crocheted in Thailand (FOB) - 2022
In 2022, the average export price for clothing; parts, knitted or crocheted amounted to $24,977 per ton, surging by 49% against the previous year. Overall, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the average export price increased by 62%. The export price peaked 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 Jordan ($37,333 per ton), while the average price for exports to Sri Lanka ($8,300 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 Cambodia (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Clothing; Parts, Knitted or Crocheted in Thailand (CIF) - 2022
The average import price for clothing; parts, knitted or crocheted stood at $19,757 per ton in 2022, falling by -14.2% against the previous year. Over the period under review, the import price, however, showed a temperate increase. The pace of growth was the most pronounced in 2019 when the average import price increased by 63% against the previous year. Over the period under review, average import prices reached the peak figure at $26,170 per ton in 2020; however, from 2021 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 ($40,138 per ton), while the price for China ($15,454 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 (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Clothing; Parts, Knitted or Crocheted in Thailand
In 2022, the amount of clothing; parts, knitted or crocheted exported from Thailand fell slightly to 385 tons, remaining relatively unchanged against 2021 figures. Overall, exports, however, posted buoyant growth. The pace of growth was the most pronounced in 2021 when exports increased by 105%. As a result, the exports reached the peak of 387 tons, leveling off in the following year.
In value terms, clothing; parts, knitted or crocheted exports skyrocketed to $9.6M in 2022. In general, exports, however, saw a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Clothing; Parts, Knitted or Crocheted in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 2,042 | 2,557 | 2,822 | 3,994 | 25.1% |
| Cambodia | 397 | 289 | 800 | 2,394 | 82.0% |
| Jordan | 913 | 404 | 679 | 992 | 2.8% |
| Lao People's Democratic Republic | 816 | 317 | 444 | 832 | 0.6% |
| China | 226 | 147 | 387 | 439 | 24.8% |
| Indonesia | 270 | 119 | 217 | 304 | 4.0% |
| Sri Lanka | 134 | 114 | 209 | 157 | 5.4% |
| Hong Kong SAR | 429 | 85.0 | 518 | 115 | -35.5% |
| Myanmar | 73.7 | 23.3 | 8.0 | 90.7 | 7.2% |
| Bangladesh | 401 | 178 | 87.8 | 5.6 | -75.9% |
| Others | 465 | 248 | 311 | 284 | -15.2% |
| Total | 6,167 | 4,480 | 6,482 | 9,608 | 15.9% |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from Thailand in 2022:
- Vietnam (130.2 tons)
- Cambodia (93.1 tons)
- Lao People's Democratic Republic (58.0 tons)
- Jordan (26.6 tons)
- Sri Lanka (19.0 tons)
- Indonesia (14.7 tons)
- China (13.5 tons)
- Myanmar (12.6 tons)
- Hong Kong SAR (6.5 tons)
- Bangladesh (0.3 tons)
Imports of Clothing; Parts, Knitted or Crocheted in Thailand
Clothing; parts, knitted or crocheted imports into Thailand skyrocketed to 289 tons in 2022, growing by 28% against 2021. Over the period under review, imports, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2021 with an increase of 36%.
In value terms, clothing; parts, knitted or crocheted imports rose rapidly to $5.7M in 2022. In general, imports, however, continue to indicate a perceptible decline. The most prominent rate of growth was recorded in 2021 with an increase of 20%.
| Import of Clothing; Parts, Knitted or Crocheted in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 3,162 | 2,679 | 3,275 | 3,825 | 6.6% |
| China | 2,294 | 1,027 | 1,233 | 967 | -25.0% |
| Vietnam | 151 | 189 | 181 | 280 | 22.9% |
| Japan | 150 | 128 | 209 | 215 | 12.7% |
| Hong Kong SAR | 167 | 12.7 | 51.0 | 209 | 7.8% |
| South Korea | 68.9 | 177 | 89.1 | 108 | 16.2% |
| Others | 126 | 146 | 171 | 106 | -5.6% |
| Total | 6,119 | 4,358 | 5,209 | 5,709 | -2.3% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to Thailand in 2022:
- Taiwan (Chinese) (195.6 tons)
- China (62.6 tons)
- Vietnam (12.0 tons)
- Japan (6.5 tons)
- South Korea (5.3 tons)
- Hong Kong SAR (5.2 tons)
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