Price for Textiles; Worn Clothing and Other Worn Articles in the UK - 2023
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in the UK (FOB) - 2023
- Price for Textiles; Worn Clothing and Other Worn Articles in the UK (CIF) - 2022
- Exports of Textiles; Worn Clothing and Other Worn Articles in the UK
- Imports of Textiles; Worn Clothing and Other Worn Articles in the UK
Price for Textiles; Worn Clothing and Other Worn Articles in the UK (FOB) - 2023
In December 2023, the average export price for textiles; worn clothing and other worn articleses amounted to $2,208 per ton, rising by 93% against the previous month. Over the period under review, export price indicated strong growth from December 2022 to December 2023: its price increased at an average monthly rate of +5.9% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on December 2023 figures, export price for textiles; worn clothing and other worn articleses increased by +100.1% against October 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Poland ($5,814 per ton), while the average price for exports to Pakistan ($273 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 Poland (+13.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Textiles; Worn Clothing and Other Worn Articles in the UK (CIF) - 2022
In 2022, the average import price for textiles; worn clothing and other worn articleses amounted to $3,651 per ton, dropping by -16% against the previous year. In general, the import price, however, enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2017 when the average import price increased by 133%. Over the period under review, average import prices reached the peak figure at $5,367 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($43,735 per ton), while the price for Ireland ($734 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Textiles; Worn Clothing and Other Worn Articles in the UK
Exports of textiles; worn clothing and other worn articleses from the UK skyrocketed to 416K tons in 2022, jumping by 27% on the previous year's figure. Overall, exports saw a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of textiles; worn clothing and other worn articleses expanded remarkably to $445M in 2022. In general, exports, however, recorded a deep contraction. The pace of growth was the most pronounced in 2021 when exports increased by 24% against the previous year.
| Export of Textiles; Worn Clothing and Other Worn Articles in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ghana | 90.1 | 72.4 | 80.8 | 64.7 | -10.5% |
| United Arab Emirates | 30.4 | 21.2 | 28.0 | 62.2 | 27.0% |
| Poland | 55.0 | 36.4 | 55.8 | 60.2 | 3.1% |
| Ukraine | 47.5 | 31.3 | 58.8 | 44.3 | -2.3% |
| Benin | 11.7 | 3.5 | 7.3 | 23.1 | 25.5% |
| Pakistan | 65.9 | 10.9 | 10.5 | 20.1 | -32.7% |
| Hungary | 37.5 | 18.1 | 12.9 | 16.7 | -23.6% |
| Nigeria | 54.5 | 34.8 | 33.3 | 14.1 | -36.3% |
| Lithuania | 13.9 | 10.0 | 15.5 | 13.6 | -0.7% |
| Latvia | 17.2 | 13.4 | 10.9 | 12.3 | -10.6% |
| Kenya | 16.0 | 6.6 | 9.1 | 12.1 | -8.9% |
| Cote d'Ivoire | 6.3 | 7.1 | 10.4 | 9.6 | 15.1% |
| Turkey | 4.2 | 1.0 | 1.6 | 7.1 | 19.1% |
| Others | 72.5 | 53.6 | 63.1 | 85.4 | 5.6% |
| Total | 523 | 320 | 398 | 445 | -5.2% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from the UK in 2022:
- United Arab Emirates (75.1K tons)
- Ghana (52.4K tons)
- Pakistan (51.4K tons)
- Poland (50.3K tons)
- Ukraine (36.8K tons)
- Benin (19.1K tons)
- Hungary (13.7K tons)
- Nigeria (11.0K tons)
- Kenya (10.0K tons)
- Lithuania (9.3K tons)
- Cote d'Ivoire (8.2K tons)
- Turkey (7.8K tons)
- Latvia (7.5K tons)
Imports of Textiles; Worn Clothing and Other Worn Articles in the UK
In 2022, approx. 30K tons of textiles; worn clothing and other worn articleses were imported into the UK; picking up by 67% on 2021. In general, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of textiles; worn clothing and other worn articleses soared to $108M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +15.0% 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 +98.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 41% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Textiles; Worn Clothing and Other Worn Articles in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 28.6 | 16.7 | 19.5 | 21.1 | -9.6% |
| Ireland | 7.0 | 4.4 | 8.2 | 13.7 | 25.1% |
| United States | 13.4 | 10.1 | 11.4 | 11.2 | -5.8% |
| Pakistan | 1.0 | 1.6 | 3.8 | 6.3 | 84.7% |
| Netherlands | 0.2 | 0.3 | 0.3 | 6.1 | 212.4% |
| India | 2.1 | 1.9 | 4.6 | 5.2 | 35.3% |
| France | 0.1 | 0.1 | 0.1 | 4.5 | 255.7% |
| Italy | 1.4 | 0.4 | N/A | 4.2 | 44.2% |
| Germany | 0.1 | 0.1 | N/A | 3.4 | 224.0% |
| United Arab Emirates | 1.9 | 2.2 | 1.4 | 2.5 | 9.6% |
| Canada | 2.4 | 1.1 | 1.6 | 2.2 | -2.9% |
| Poland | N/A | N/A | 0.2 | 1.8 | 800.0% |
| Others | 13.1 | 15.9 | 26.1 | 26.0 | 25.7% |
| Total | 71.2 | 54.6 | 77.2 | 108 | 14.9% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to the UK in 2022:
- Ireland (18.6K tons)
- Pakistan (2.5K tons)
- Poland (1.2K tons)
- United States (0.9K tons)
- France (0.7K tons)
- Netherlands (0.6K tons)
- Germany (0.6K tons)
- Canada (0.5K tons)
- Italy (0.5K tons)
- India (0.5K tons)
- Japan (0.5K tons)
- United Arab Emirates (0.3K tons)
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