Price for Embroidery; in the Piece, in Strips or in Motifs in China - 2023
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in China (FOB) - 2023
- Price for Embroidery; in the Piece, in Strips or in Motifs in China (CIF) - 2022
- Exports of Embroidery; in the Piece, in Strips or in Motifs in China
- Imports of Embroidery; in the Piece, in Strips or in Motifs in China
Price for Embroidery; in the Piece, in Strips or in Motifs in China (FOB) - 2023
In September 2023, the average export price for embroidery; in the piece, in strips or in motifses amounted to $10,039 per ton, remaining constant against the previous month. Overall, the export price, however, recorded a noticeable reduction. The pace of growth was the most pronounced in February 2023 an increase of 51% m-o-m. As a result, the export price reached the peak level of $15,804 per ton. From March 2023 to September 2023, the the average export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was the United States ($19,995 per ton), while the average price for exports to Iraq ($5,637 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Embroidery; in the Piece, in Strips or in Motifs in China (CIF) - 2022
In 2022, the average import price for embroidery; in the piece, in strips or in motifses amounted to $68,449 per ton, dropping by -6% against the previous year. Over the period under review, the import price, however, continues to indicate resilient growth. The pace of growth appeared the most rapid in 2018 when the average import price increased by 120% against the previous year. The import price peaked at $72,835 per ton in 2021, and then shrank in the following year.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($151,332 per ton), while the price for Myanmar ($9,740 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Embroidery; in the Piece, in Strips or in Motifs in China
In 2022, approx. 110K tons of embroidery; in the piece, in strips or in motifses were exported from China; with an increase of 34% compared with 2021 figures. Over the period under review, total exports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +10.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +84.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 37%. Over the period under review, the exports of embroidery; in piece, in strips or in motifses attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of embroidery; in the piece, in strips or in motifses soared to $1.2B in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +9.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +104.6% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 59%. Over the period under review, the exports of embroidery; in piece, in strips or in motifses hit record highs in 2022 and are likely to see steady growth in years to come.
| Export of Embroidery; in the Piece, in Strips or in Motifs in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nigeria | 114 | 92.3 | 150 | 153 | 10.3% |
| United Arab Emirates | 23.6 | 37.1 | 57.5 | 98.0 | 60.7% |
| Indonesia | 74.4 | 17.1 | 27.1 | 72.2 | -1.0% |
| United States | 63.6 | 32.1 | 48.8 | 70.9 | 3.7% |
| Malaysia | 8.1 | 31.2 | 82.4 | 59.0 | 93.8% |
| Brazil | 26.7 | 12.6 | 21.3 | 52.9 | 25.6% |
| Turkey | 108 | 26.0 | 37.0 | 51.6 | -21.8% |
| Iraq | 22.3 | 25.5 | 31.6 | 40.5 | 22.0% |
| Singapore | 0.5 | 8.4 | 8.3 | 37.0 | 319.8% |
| Mexico | 16.9 | 8.6 | 18.8 | 31.7 | 23.3% |
| Pakistan | 9.2 | 11.9 | 25.9 | 28.2 | 45.3% |
| India | 15.4 | 8.9 | 18.1 | 24.7 | 17.1% |
| Uzbekistan | 5.7 | 9.0 | 13.7 | 17.5 | 45.3% |
| Others | 447 | 284 | 420 | 499 | 3.7% |
| Total | 935 | 604 | 960 | 1,236 | 9.7% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from China in 2022:
- Nigeria (17.6K tons)
- United Arab Emirates (10.4K tons)
- Indonesia (8.1K tons)
- Brazil (5.9K tons)
- Iraq (5.5K tons)
- Malaysia (3.9K tons)
- United States (3.8K tons)
- Turkey (3.6K tons)
- Mexico (3.0K tons)
- Pakistan (2.9K tons)
- Uzbekistan (2.8K tons)
- India (2.4K tons)
- Singapore (2.3K tons)
Imports of Embroidery; in the Piece, in Strips or in Motifs in China
In 2022, the amount of embroidery; in the piece, in strips or in motifses imported into China contracted to 227 tons, declining by -6.2% on the previous year. In general, imports saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year.
In value terms, imports of embroidery; in the piece, in strips or in motifses shrank to $16M in 2022. Overall, imports continue to indicate a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 23% against the previous year.
| Import of Embroidery; in the Piece, in Strips or in Motifs in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Taiwan (Chinese) | 4.6 | 4.2 | 3.8 | 2.2 | -21.8% |
| Japan | 2.4 | 2.6 | 2.2 | 1.9 | -7.5% |
| Hong Kong SAR | 1.7 | 0.7 | 1.4 | 1.5 | -4.1% |
| India | 1.0 | 0.8 | 0.9 | 1.1 | 3.2% |
| Myanmar | N/A | 0.4 | 1.0 | 0.9 | 50.0% |
| Thailand | 1.1 | 0.7 | 1.5 | 0.9 | -6.5% |
| South Korea | 1.1 | 1.0 | 1.0 | 0.8 | -10.1% |
| Turkey | 0.8 | 0.1 | 0.2 | 0.2 | -37.0% |
| United Arab Emirates | 0.1 | N/A | N/A | N/A | 0% |
| Others | 5.8 | 3.9 | 5.6 | 6.1 | 1.7% |
| Total | 18.7 | 14.3 | 17.6 | 15.5 | -6.1% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to China in 2022:
- Myanmar (93.3 tons)
- India (31.9 tons)
- South Korea (17.8 tons)
- Taiwan (Chinese) (17.6 tons)
- Japan (12.3 tons)
- Hong Kong SAR (10.7 tons)
- Thailand (9.4 tons)
- Turkey (4.9 tons)
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