Price for Jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted in the United States - 2023
Contents:
- Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in the United States (CIF) - 2023
- Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in the United States (FOB) - 2023
- Imports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in the United States
- Exports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in the United States
Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in the United States (CIF) - 2023
The average import price for jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted stood at $4.3 per unit in December 2023, shrinking by -1.6% against the previous month. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in August 2023 an increase of 7.1% m-o-m. Over the period under review, average import prices hit record highs at $5.0 per unit in September 2023; however, from October 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Cambodia ($4.8 per unit), while the price for Nicaragua ($2.2 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Honduras (+1.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in the United States (FOB) - 2023
In December 2023, the average export price for jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted amounted to $6.4 per unit, therefore, remained relatively stable against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 38% month-to-month. The export price peaked at $6.5 per unit in July 2023; however, from August 2023 to December 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major export markets. In December 2023, the country with the highest price was Canada ($12.9 per unit), while the average price for exports to Singapore ($1.3 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 Nicaragua (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in the United States
In 2022, imports of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted into the United States rose slightly to 2.1B units, growing by 1.8% compared with the previous year. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 32%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted skyrocketed to $9.8B in 2022. In general, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +7.2% 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 +60.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 35% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 1,530 | 1,450 | 1,705 | 1,974 | 8.9% |
| China | 1,984 | 983 | 1,315 | 1,363 | -11.8% |
| Indonesia | 549 | 488 | 612 | 739 | 10.4% |
| Cambodia | 348 | 428 | 517 | 664 | 24.0% |
| Bangladesh | 396 | 351 | 517 | 630 | 16.7% |
| India | 503 | 346 | 514 | 592 | 5.6% |
| Pakistan | 272 | 258 | 424 | 567 | 27.7% |
| Guatemala | 335 | 323 | 471 | 558 | 18.5% |
| Honduras | 441 | 275 | 397 | 494 | 3.9% |
| Nicaragua | 286 | 254 | 387 | 484 | 19.2% |
| Others | 1,282 | 928 | 1,377 | 1,712 | 10.1% |
| Total | 7,925 | 6,082 | 8,236 | 9,776 | 7.2% |
Top Suppliers of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted to the United States in 2022:
- Vietnam (397.9M units)
- China (272.2M units)
- Indonesia (172.7M units)
- Bangladesh (165.5M units)
- Nicaragua (156.1M units)
- Pakistan (143.5M units)
- Honduras (139.4M units)
- Cambodia (130.7M units)
- Guatemala (129.1M units)
- India (126.9M units)
Exports of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in the United States
Exports of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted from the United States skyrocketed to 100M units in 2022, increasing by 83% compared with 2021 figures. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of jerseys, pullovers, cardigans, waistcoats and similar articles; of cotton, knitted or crocheted soared to $414M in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +17.9% 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 +83.5% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 120 | 108 | 130 | 155 | 8.9% |
| Mexico | 32.8 | 36.4 | 58.1 | 74.8 | 31.6% |
| Nicaragua | N/A | 0.3 | 5.5 | 68.5 | 1411.1% |
| Japan | 17.8 | 15.0 | 13.7 | 17.4 | -0.8% |
| El Salvador | 0.4 | N/A | 0.6 | 11.1 | 202.8% |
| United Kingdom | 14.2 | 10.1 | 9.3 | 10.9 | -8.4% |
| China | 5.7 | 4.7 | 6.1 | 9.0 | 16.4% |
| South Korea | 7.5 | 6.0 | 5.3 | 8.6 | 4.7% |
| Guatemala | 0.1 | 0.4 | 3.6 | 5.2 | 273.3% |
| Others | 53.7 | 44.6 | 52.2 | 52.6 | -0.7% |
| Total | 252 | 225 | 284 | 414 | 18.0% |
Top Export Markets for Jerseys, Pullovers, Cardigans, Waistcoats and Similar Articles; of Cotton, Knitted or Crocheted from the United States in 2022:
- Nicaragua (37.6M units)
- Mexico (17.0M units)
- Canada (14.3M units)
- Japan (5.0M units)
- Guatemala (3.9M units)
- El Salvador (3.2M units)
- United Kingdom (2.4M units)
- South Korea (2.3M units)
- China (1.5M units)
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