Price for Textiles; Worn Clothing and Other Worn Articles in China - 2023

Price for Textiles; Worn Clothing and Other Worn Articles in China (FOB) - 2023

In December 2023, the average export price for textiles; worn clothing and other worn articleses amounted to $971 per ton, remaining constant against the previous month. Over the period under review, the export price continues to indicate a pronounced contraction. The pace of growth appeared the most rapid in September 2023 an increase of 27% m-o-m. The export price peaked at $1,508 per ton in December 2022; however, from January 2023 to December 2023, the export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Cambodia ($2,413 per ton), while the average price for exports to Nigeria ($561 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+1.1%), while the prices for the other major destinations experienced a decline.

Exports of Textiles; Worn Clothing and Other Worn Articles in China

In 2022, approx. 656K tons of textiles; worn clothing and other worn articleses were exported from China; picking up by 30% on the previous year. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 71%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, exports of textiles; worn clothing and other worn articleses rose modestly to $868M in 2022. Over the period under review, exports recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 123%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

Export of Textiles; Worn Clothing and Other Worn Articles in China (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Kenya	53.6	53.4	134	140	37.7%
Angola	35.9	40.1	118	87.8	34.7%
Philippines	31.2	28.2	43.2	75.9	34.5%
Tanzania	26.1	26.3	95.3	71.6	40.0%
Pakistan	15.1	25.1	51.2	61.4	59.6%
Thailand	5.3	8.9	20.4	50.2	111.6%
Ghana	16.8	32.0	48.4	40.8	34.4%
Nigeria	24.7	28.9	54.6	37.3	14.7%
Mozambique	14.0	23.2	44.0	35.5	36.4%
Iraq	4.2	10.8	16.8	31.7	96.2%
Madagascar	14.7	13.8	23.3	21.3	13.2%
India	7.9	4.5	5.4	17.2	29.6%
United Arab Emirates	8.6	4.0	7.8	11.8	11.1%
Others	76.0	83.0	190	186	34.8%
Total	334	382	852	868	37.5%