Price for Textiles; Worn Clothing and Other Worn Articles in India - 2023
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in India (CIF) - 2023
- Price for Textiles; Worn Clothing and Other Worn Articles in India (FOB) - 2022
- Imports of Textiles; Worn Clothing and Other Worn Articles in India
- Exports of Textiles; Worn Clothing and Other Worn Articles in India
Price for Textiles; Worn Clothing and Other Worn Articles in India (CIF) - 2023
The average import price for textiles; worn clothing and other worn articleses stood at $439 per ton in November 2023, waning by -3.8% against the previous month. Over the period under review, the import price showed a noticeable descent. The most prominent rate of growth was recorded in May 2023 an increase of 8.2% against the previous month. The import price peaked at $576 per ton in November 2022; however, from December 2022 to November 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the United States ($545 per ton), while the price for Taiwan (Chinese) ($56.0 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Tunisia (+4.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Textiles; Worn Clothing and Other Worn Articles in India (FOB) - 2022
The average export price for textiles; worn clothing and other worn articleses stood at $1,321 per ton in 2022, increasing by 18% against the previous year. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of 23% against the previous year. Over the period under review, the average export prices hit record highs at $1,557 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malawi ($2,060 per ton), while the average price for exports to Democratic Republic of the Congo ($554 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 Tanzania (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Textiles; Worn Clothing and Other Worn Articles in India
In 2022, supplies from abroad of textiles; worn clothing and other worn articleses was finally on the rise to reach 188K tons after two years of decline. Overall, imports, however, recorded a abrupt slump.
In value terms, imports of textiles; worn clothing and other worn articleses surged to $110M in 2022. In general, total imports indicated a measured increase from 2019 to 2022: its value increased at an average annual rate of +3.6% 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 +52.3% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Textiles; Worn Clothing and Other Worn Articles in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 62.0 | 46.0 | 51.8 | 64.9 | 1.5% |
| Canada | 13.8 | 8.7 | 12.2 | 19.4 | 12.0% |
| Japan | 2.9 | 6.7 | 5.3 | 9.5 | 48.5% |
| Germany | 4.4 | 2.6 | 1.4 | 2.2 | -20.6% |
| South Korea | 7.6 | 1.6 | 1.1 | 2.1 | -34.9% |
| United Arab Emirates | 2.7 | 1.5 | 1.9 | 1.6 | -16.0% |
| Taiwan (Chinese) | 0.8 | 0.6 | 0.3 | 1.5 | 23.3% |
| China | 0.4 | 0.7 | 1.3 | 1.4 | 51.8% |
| Australia | 0.3 | 0.9 | 1.3 | 1.1 | 54.2% |
| Others | 3.9 | 2.7 | 5.2 | 6.1 | 16.1% |
| Total | 98.9 | 72.2 | 81.9 | 110 | 3.6% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to India in 2022:
- United States (84.0K tons)
- Canada (34.7K tons)
- Japan (18.6K tons)
- United Arab Emirates (8.2K tons)
- Taiwan (Chinese) (7.5K tons)
- South Korea (4.2K tons)
- China (4.1K tons)
- Germany (3.4K tons)
- Australia (3.3K tons)
Exports of Textiles; Worn Clothing and Other Worn Articles in India
In 2022, the amount of textiles; worn clothing and other worn articleses exported from India declined to 72K tons, with a decrease of -5.2% on 2021 figures. Over the period under review, exports saw a noticeable setback. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year.
In value terms, exports of textiles; worn clothing and other worn articleses expanded remarkably to $95M in 2022. The total export value increased at an average annual rate of +4.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 29% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Textiles; Worn Clothing and Other Worn Articles in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 12.6 | 10.2 | 14.3 | 18.1 | 12.8% |
| Kenya | 10.2 | 6.9 | 11.0 | 11.4 | 3.8% |
| Uganda | 8.9 | 7.5 | 9.2 | 8.1 | -3.1% |
| Thailand | 4.5 | 3.6 | 4.4 | 5.0 | 3.6% |
| Philippines | 4.9 | 2.9 | 3.9 | 4.8 | -0.7% |
| Rwanda | 0.9 | 2.7 | 2.5 | 3.9 | 63.0% |
| Malawi | 4.7 | 1.6 | 3.6 | 3.5 | -9.4% |
| Zambia | 2.8 | 1.5 | 2.1 | 3.0 | 2.3% |
| Tanzania | 5.1 | 3.4 | 3.5 | 2.8 | -18.1% |
| Angola | 1.5 | 1.4 | 1.9 | 2.3 | 15.3% |
| Malaysia | 2.9 | 2.0 | 2.8 | 2.3 | -7.4% |
| Democratic Republic of the Congo | 4.0 | 3.0 | 3.2 | 2.3 | -16.8% |
| Mozambique | 4.2 | 2.6 | 3.6 | 1.9 | -23.2% |
| Others | 15.1 | 16.8 | 19.3 | 25.5 | 19.1% |
| Total | 82.3 | 66.1 | 85.1 | 95.1 | 4.9% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from India in 2022:
- United Arab Emirates (16.5K tons)
- Uganda (7.7K tons)
- Kenya (7.6K tons)
- Thailand (4.5K tons)
- Democratic Republic of the Congo (4.2K tons)
- Philippines (3.1K tons)
- Rwanda (3.1K tons)
- Angola (2.3K tons)
- Tanzania (2.3K tons)
- Malaysia (1.9K tons)
- Zambia (1.9K tons)
- Malawi (1.7K tons)
- Mozambique (1.4K tons)
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