Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Australia - 2024
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Australia (CIF) - 2022
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Australia (FOB) - 2024
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Australia
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Australia
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Australia (CIF) - 2022
The average import price for articles of apparel and clothing accessories, of leather or of composition leather stood at $30 per unit in 2022, shrinking by -11.7% against the previous year. In general, the import price, however, posted a strong increase. The most prominent rate of growth was recorded in 2017 when the average import price increased by 83% against the previous year. The import price peaked at $35 per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($53 per unit), while the price for the Philippines ($17 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Australia (FOB) - 2024
In January 2024, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $78.1 per unit, surging by 4.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in June 2023 when the average export price increased by 39% m-o-m. The export price peaked at $98.4 per unit in July 2023; however, from August 2023 to January 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In January 2024, the country with the highest price was French Polynesia ($106 per unit), while the average price for exports to Papua New Guinea ($24.8 per unit) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to New Zealand (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Australia
In 2022, imports of articles of apparel and clothing accessories, of leather or of composition leather into Australia soared to 3.5M units, growing by 20% against the previous year's figure. The total import volume increased at an average annual rate of +3.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather expanded remarkably to $107M in 2022. The total import value increased at an average annual rate of +2.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 26%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 30.2 | 27.3 | 30.4 | 33.1 | 3.1% |
India | 19.0 | 14.9 | 19.9 | 21.6 | 4.4% |
Italy | 21.1 | 12.3 | 14.7 | 12.9 | -15.1% |
Pakistan | 7.0 | 6.4 | 10.3 | 11.1 | 16.6% |
France | 4.3 | 3.0 | 4.8 | 5.5 | 8.6% |
Indonesia | 2.5 | 2.8 | 3.8 | 4.3 | 19.8% |
Vietnam | 1.1 | 2.0 | 2.2 | 3.4 | 45.7% |
Thailand | 1.6 | 1.3 | 2.7 | 2.4 | 14.5% |
United States | 2.1 | 1.6 | 1.6 | 1.6 | -8.7% |
Philippines | 0.3 | 0.3 | 0.7 | 1.4 | 67.1% |
Others | 8.7 | 7.7 | 9.3 | 9.4 | 2.6% |
Total | 97.9 | 79.6 | 100 | 107 | 3.0% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Australia in 2022:
- China (1256.9K units)
- India (763.5K units)
- Pakistan (509.2K units)
- Italy (244.5K units)
- Indonesia (124.1K units)
- France (107.9K units)
- Philippines (81.8K units)
- Vietnam (80.9K units)
- Thailand (57.5K units)
- United States (48.3K units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Australia
In 2022, approx. 250K units of articles of apparel and clothing accessories, of leather or of composition leather were exported from Australia; reducing by -12% on the previous year. The total export volume increased at an average annual rate of +4.5% 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 47%. As a result, the exports attained the peak of 284K units, and then reduced in the following year.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather expanded significantly to $16M in 2022. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 53% against the previous year. Over the period under review, the exports of attained the maximum at $17M in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Australia (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
New Zealand | 9.0 | 4.3 | 4.7 | 4.1 | -23.1% |
Singapore | 1.2 | 0.5 | 1.4 | 2.3 | 24.2% |
French Polynesia | 0.9 | N/A | 1.0 | 1.7 | 23.6% |
Italy | N/A | 0.1 | 1.8 | 1.6 | 300.0% |
United Kingdom | 0.5 | 1.2 | 2.2 | 0.9 | 21.6% |
Papua New Guinea | 1.6 | 1.4 | 1.0 | 0.8 | -20.6% |
Hong Kong SAR | 0.5 | 0.5 | 1.1 | 0.8 | 17.0% |
New Caledonia | 0.6 | 0.4 | 0.2 | 0.5 | -5.9% |
China | N/A | 0.2 | 0.1 | 0.4 | 41.4% |
Fiji | 0.2 | 0.1 | 0.1 | 0.4 | 26.0% |
United States | 0.8 | 0.3 | 0.5 | 0.3 | -27.9% |
Cote d'Ivoire | N/A | N/A | N/A | 0.1 | 0% |
Others | 1.4 | 1.1 | 1.4 | 2.4 | 19.7% |
Total | 16.7 | 10.0 | 15.3 | 16.4 | -0.6% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Australia in 2022:
- New Zealand (79.7K units)
- Papua New Guinea (26.2K units)
- Singapore (23.9K units)
- French Polynesia (18.5K units)
- Italy (14.3K units)
- United Kingdom (11.2K units)
- United States (10.3K units)
- Hong Kong SAR (9.9K units)
- China (5.9K units)
- New Caledonia (5.3K units)
- Cote d'Ivoire (4.6K units)
- Fiji (4.3K units)
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