Price for Embroidery; in the Piece, in Strips or in Motifs in the United States - 2023
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in the United States (CIF) - 2023
- Price for Embroidery; in the Piece, in Strips or in Motifs in the United States (FOB) - 2022
- Imports of Embroidery; in the Piece, in Strips or in Motifs in the United States
- Exports of Embroidery; in the Piece, in Strips or in Motifs in the United States
Price for Embroidery; in the Piece, in Strips or in Motifs in the United States (CIF) - 2023
The average import price for embroidery; in the piece, in strips or in motifses stood at $46,321 per ton in September 2023, waning by -20.5% against the previous month. Over the period under review, the import price saw a mild decrease. The pace of growth was the most pronounced in March 2023 an increase of 27% m-o-m. Over the period under review, average import prices reached the maximum at $60,176 per ton in May 2023; however, from June 2023 to September 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Mexico ($200K per ton), while the price for China ($20,531 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Mexico (+8.8%), 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 the United States (FOB) - 2022
In 2022, the average export price for embroidery; in the piece, in strips or in motifses amounted to $23,871 per ton, growing by 3% against the previous year. In general, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for embroidery; in the piece, in strips or in motifses decreased by -6.9% against 2020 indices. The growth pace was the most rapid in 2013 when the average export price increased by 32% against the previous year. The export price peaked at $25,648 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($57,553 per ton), while the average price for exports to Honduras ($6,063 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 Mexico (+9.4%), 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 the United States
In 2022, approx. 2.5K tons of embroidery; in the piece, in strips or in motifses were imported into the United States; jumping by 19% compared with the year before. Overall, total imports indicated a noticeable expansion from 2019 to 2022: its volume increased at an average annual rate of +3.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 41% against the previous year. Over the period under review, imports of embroidery; in piece, in strips or in motifses reached the peak figure in 2022 and are likely to continue growth in years to come.
In value terms, imports of embroidery; in the piece, in strips or in motifses soared to $110M in 2022. In general, total imports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +2.7% 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 +61.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Over the period under review, imports of embroidery; in piece, in strips or in motifses attained the peak figure in 2022 and are likely to see steady growth in the near future.
| Import of Embroidery; in the Piece, in Strips or in Motifs in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.1 | 18.6 | 23.6 | 31.9 | -5.7% |
| India | 16.6 | 11.3 | 18.2 | 20.6 | 7.5% |
| Mexico | 10.1 | 9.3 | 16.1 | 15.2 | 14.6% |
| Thailand | 9.6 | 7.6 | 9.7 | 12.8 | 10.1% |
| Taiwan (Chinese) | 13.4 | 11.2 | 12.2 | 12.6 | -2.0% |
| Dominican Republic | 5.6 | 3.0 | 4.9 | 4.8 | -5.0% |
| Germany | 0.7 | 0.3 | 0.9 | 1.4 | 26.0% |
| Others | 7.3 | 6.4 | 8.5 | 10.5 | 12.9% |
| Total | 101 | 67.8 | 94.1 | 110 | 2.9% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to the United States in 2022:
- China (1285.4 tons)
- India (504.3 tons)
- Mexico (158.4 tons)
- Thailand (154.8 tons)
- Taiwan (Chinese) (146.6 tons)
- Germany (43.1 tons)
- Dominican Republic (37.4 tons)
Exports of Embroidery; in the Piece, in Strips or in Motifs in the United States
In 2022, approx. 531 tons of embroidery; in the piece, in strips or in motifses were exported from the United States; picking up by 37% against 2021. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of embroidery; in the piece, in strips or in motifses skyrocketed to $13M in 2022. In general, exports, however, recorded a relatively flat trend pattern.
| Export of Embroidery; in the Piece, in Strips or in Motifs in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 4.9 | 4.1 | 5.0 | 5.5 | 3.9% |
| Canada | 1.5 | 0.9 | 1.1 | 1.4 | -2.3% |
| United Kingdom | 0.2 | 0.1 | 0.2 | 1.4 | 91.3% |
| Honduras | 2.0 | 0.2 | 0.5 | 0.8 | -26.3% |
| Guatemala | 0.1 | 0.2 | 0.1 | 0.4 | 58.7% |
| Thailand | 0.4 | 0.3 | 0.3 | 0.4 | 0.0% |
| China | 0.2 | 0.2 | 0.1 | 0.2 | 0.0% |
| Dominican Republic | 0.4 | 0.1 | N/A | 0.2 | -20.6% |
| Others | 3.2 | 2.0 | 1.7 | 2.4 | -9.1% |
| Total | 12.9 | 8.1 | 9.0 | 12.7 | -0.5% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from the United States in 2022:
- Canada (155.8 tons)
- Honduras (125.8 tons)
- Mexico (96.2 tons)
- United Kingdom (63.0 tons)
- Thailand (14.0 tons)
- Guatemala (12.5 tons)
- China (8.5 tons)
- Dominican Republic (3.8 tons)
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