Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in China - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in China (FOB) - 2023
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in China (CIF) - 2022
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in China
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in China
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in China (FOB) - 2023
In December 2023, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $12.3 per unit, increasing by 7.8% against the previous month. Over the period under review, the export price, however, recorded a slight decrease. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 24% month-to-month. As a result, the export price attained the peak level of $15.0 per unit. From March 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In December 2023, the country with the highest price was Hong Kong SAR ($44.4 per unit), while the average price for exports to Mexico ($5.6 per unit) 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 South Africa (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in China (CIF) - 2022
In 2022, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $170 per unit, with a decrease of -14.1% against the previous year. Over the period under review, import price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the average import price increased by 30%. Over the period under review, average import prices attained the maximum at $198 per unit in 2021, and then fell in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($754 per unit), while the price for Bangladesh ($4.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in China
In 2022, approx. 97M units of articles of apparel and clothing accessories, of leather or of composition leather were exported from China; growing by 12% compared with 2021. Overall, exports, however, continue to indicate a perceptible shrinkage. The exports peaked at 105M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather surged to $1.2B in 2022. The total export value increased at an average annual rate of +4.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 23% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 279 | 183 | 209 | 227 | -6.6% |
| Japan | 125 | 96.7 | 106 | 107 | -5.1% |
| Singapore | 7.5 | 12.0 | 11.4 | 100 | 137.1% |
| Russia | 55.8 | 55.3 | 94.4 | 71.8 | 8.8% |
| Canada | 49.6 | 43.4 | 46.8 | 58.0 | 5.4% |
| South Korea | 34.9 | 31.0 | 40.6 | 50.8 | 13.3% |
| Malaysia | 6.1 | 7.0 | 36.0 | 47.9 | 98.8% |
| Australia | 15.9 | 16.3 | 21.3 | 42.8 | 39.1% |
| Taiwan (Chinese) | 16.4 | 20.0 | 37.7 | 33.8 | 27.3% |
| Germany | 44.7 | 37.2 | 33.4 | 33.3 | -9.3% |
| United Kingdom | 29.9 | 22.9 | 34.8 | 29.9 | 0.0% |
| Vietnam | 4.8 | 14.7 | 13.5 | 23.4 | 69.6% |
| Mexico | 11.1 | 6.8 | 11.5 | 13.7 | 7.3% |
| Others | 370 | 278 | 316 | 343 | -2.5% |
| Total | 1,051 | 824 | 1,013 | 1,182 | 4.0% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from China in 2022:
- United States (19.4M units)
- Singapore (12.3M units)
- Russia (7.9M units)
- Japan (6.9M units)
- Canada (5.1M units)
- South Korea (3.5M units)
- Australia (3.1M units)
- Germany (2.2M units)
- Malaysia (2.1M units)
- Mexico (2.0M units)
- United Kingdom (2.0M units)
- Taiwan (Chinese) (1.9M units)
- Vietnam (1.8M units)
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in China
In 2022, approx. 2.3M units of articles of apparel and clothing accessories, of leather or of composition leather were imported into China; which is down by -3.9% compared with 2021 figures. The total import volume increased at an average annual rate of +4.7% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 28% against the previous year. As a result, imports reached the peak of 2.4M units, and then shrank slightly in the following year.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather fell significantly to $394M in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +9.3% 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 +30.4% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 45%. As a result, imports reached the peak of $477M, and then shrank significantly in the following year.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 181 | 212 | 317 | 252 | 11.7% |
| France | 20.9 | 27.9 | 46.2 | 36.6 | 20.5% |
| Spain | 17.0 | 19.8 | 28.0 | 22.1 | 9.1% |
| India | 32.4 | 20.6 | 27.1 | 19.6 | -15.4% |
| Vietnam | 4.3 | 4.2 | 6.7 | 10.9 | 36.3% |
| Indonesia | 1.9 | 1.4 | 2.4 | 3.8 | 26.0% |
| United States | 4.8 | 4.3 | 3.8 | 3.8 | -7.5% |
| Pakistan | 4.2 | 3.6 | 3.9 | 3.3 | -7.7% |
| Tunisia | 1.4 | 1.4 | 2.6 | 3.2 | 31.7% |
| Ukraine | 0.8 | 1.4 | 1.5 | 3.0 | 55.4% |
| Thailand | 2.1 | 1.5 | 2.2 | 2.6 | 7.4% |
| Bangladesh | 0.1 | 0.1 | 0.4 | 0.6 | 81.7% |
| Cambodia | 0.2 | 1.6 | 0.9 | 0.6 | 44.2% |
| Others | 31.0 | 29.3 | 35.1 | 32.6 | 1.7% |
| Total | 302 | 329 | 477 | 394 | 9.3% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to China in 2022:
- Italy (619.0K units)
- India (386.9K units)
- Pakistan (300.2K units)
- Vietnam (210.6K units)
- Bangladesh (128.0K units)
- Thailand (96.8K units)
- Cambodia (61.9K units)
- Indonesia (60.7K units)
- Ukraine (54.6K units)
- Tunisia (50.0K units)
- France (48.6K units)
- Spain (38.8K units)
- United States (30.2K units)
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