Price for Embroidery; in the Piece, in Strips or in Motifs in Canada - 2023
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in Canada (CIF) - 2022
- Price for Embroidery; in the Piece, in Strips or in Motifs in Canada (FOB) - 2023
- Imports of Embroidery; in the Piece, in Strips or in Motifs in Canada
- Exports of Embroidery; in the Piece, in Strips or in Motifs in Canada
Price for Embroidery; in the Piece, in Strips or in Motifs in Canada (CIF) - 2022
The average import price for embroidery; in the piece, in strips or in motifses stood at $11,172 per ton in 2022, shrinking by -7.2% against the previous year. Overall, the import price, however, enjoyed a measured expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 273% against the previous year. Over the period under review, average import prices hit record highs at $61,808 per ton in 2016; however, from 2017 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 Taiwan (Chinese) ($35,059 per ton), while the price for Mexico ($5,618 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) (+9.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Embroidery; in the Piece, in Strips or in Motifs in Canada (FOB) - 2023
The average export price for embroidery; in the piece, in strips or in motifses stood at $65,360 per ton in September 2023, jumping by 45% against the previous month. Overall, the export price posted significant growth. The most prominent rate of growth was recorded in January 2023 an increase of 270% against the previous month. The export price peaked at $67,941 per ton in June 2023; however, from July 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the United States ($90,570 per ton), while the average price for exports to Bolivia ($23,445 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+15.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Embroidery; in the Piece, in Strips or in Motifs in Canada
In 2022, imports of embroidery; in the piece, in strips or in motifses into Canada soared to 887 tons, surging by 71% compared with 2021. Over the period under review, imports saw a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of embroidery; in the piece, in strips or in motifses surged to $9.9M in 2022. Overall, imports, however, saw a relatively flat trend pattern.
| Import of Embroidery; in the Piece, in Strips or in Motifs in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.0 | 2.0 | 2.3 | 4.2 | 1.6% |
| India | 2.8 | 1.3 | 1.4 | 1.9 | -12.1% |
| Taiwan (Chinese) | 1.4 | 0.8 | 1.2 | 1.7 | 6.7% |
| United States | 0.5 | 0.3 | 0.4 | 0.6 | 6.3% |
| Mexico | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
| Thailand | 0.2 | 0.2 | 0.1 | 0.1 | -20.6% |
| Others | 1.0 | 0.6 | 0.7 | 1.0 | 0.0% |
| Total | 10.1 | 5.4 | 6.2 | 9.9 | -0.7% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to Canada in 2022:
- China (502.8 tons)
- India (98.2 tons)
- United States (84.3 tons)
- Mexico (77.2 tons)
- Taiwan (Chinese) (47.8 tons)
- Thailand (3.0 tons)
Exports of Embroidery; in the Piece, in Strips or in Motifs in Canada
After three years of growth, overseas shipments of embroidery; in the piece, in strips or in motifses decreased by -54.9% to 27 tons in 2022. Over the period under review, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2020 with an increase of 69%.
In value terms, exports of embroidery; in the piece, in strips or in motifses reduced to $1M in 2022. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 23% against the previous year. As a result, the exports attained the peak of $1.6M. From 2021 to 2022, the growth of the exports of failed to regain momentum.
| Export of Embroidery; in the Piece, in Strips or in Motifs in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 838 | 659 | 724 | 528 | -14.3% |
| China | 106 | 671 | 99.1 | 169 | 16.8% |
| Vietnam | 33.3 | 60.9 | 3.2 | 95.5 | 42.1% |
| Paraguay | 81.3 | 26.0 | 15.4 | 45.5 | -17.6% |
| Denmark | N/A | N/A | N/A | 37.0 | 0% |
| Ecuador | 23.1 | 6.0 | 8.7 | 26.1 | 4.2% |
| Colombia | 15.6 | 18.7 | 9.6 | 18.3 | 5.5% |
| Peru | 4.3 | 0.7 | 1.7 | 12.2 | 41.6% |
| Belgium | 56.6 | 19.9 | 26.6 | 11.9 | -40.5% |
| Honduras | 22.1 | 26.4 | 20.4 | 1.2 | -62.1% |
| South Korea | N/A | N/A | 212 | N/A | 0% |
| Others | 154 | 150 | 93.0 | 90.7 | -16.2% |
| Total | 1,334 | 1,638 | 1,214 | 1,035 | -8.1% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from Canada in 2022:
- United States (11.9 tons)
- China (7.3 tons)
- Vietnam (1.8 tons)
- Paraguay (1.1 tons)
- Ecuador (1.1 tons)
- Colombia (0.6 tons)
- Denmark (0.6 tons)
- Peru (0.6 tons)
- Belgium (0.3 tons)
- Honduras (0.1 tons)
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