Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Estonia - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Estonia (CIF) - 2023
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Estonia (FOB) - 2023
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Estonia
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Estonia
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Estonia (CIF) - 2023
In November 2023, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $22.6 per unit, rising by 32% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 219% against the previous month. As a result, import price reached the peak level of $44.6 per unit. From May 2023 to November 2023, the average import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Spain ($95.0 per unit), while the price for Pakistan ($8.2 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Denmark (+10.0%), 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 Estonia (FOB) - 2023
The average export price for articles of apparel and clothing accessories, of leather or of composition leather stood at $15.5 per unit in November 2023, picking up by 7.9% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 12% against the previous month. Over the period under review, the average export prices hit record highs at $17.8 per unit in August 2023; however, from September 2023 to November 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In November 2023, the country with the highest price was Sweden ($23.1 per unit), while the average price for exports to Latvia ($11.8 per unit) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+3.3%), while the prices for the other major destinations experienced a decline.
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Estonia
After two years of decline, overseas purchases of articles of apparel and clothing accessories, of leather or of composition leather increased by 23% to 635K units in 2022. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at 643K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather declined to $9.5M in 2022. In general, imports, however, recorded a slight slump. The pace of growth appeared the most rapid in 2021 with an increase of 17% against the previous year. Over the period under review, imports of attained the peak figure at $9.8M in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 2,943 | 1,994 | 1,917 | 2,714 | -2.7% |
| Sweden | 220 | 817 | 1,079 | 1,462 | 88.0% |
| China | 2,257 | 485 | 378 | 911 | -26.1% |
| Germany | 527 | 738 | 971 | 878 | 18.5% |
| Finland | 392 | 753 | 1,031 | 704 | 21.6% |
| Netherlands | 1,026 | 1,609 | 1,687 | 690 | -12.4% |
| Poland | 140 | 275 | 442 | 403 | 42.3% |
| India | 539 | 118 | 98.3 | 151 | -34.6% |
| Others | 1,764 | 1,555 | 2,183 | 1,597 | -3.3% |
| Total | 9,808 | 8,342 | 9,786 | 9,509 | -1.0% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Estonia in 2022:
- Pakistan (338.1K units)
- Sweden (100.4K units)
- China (59.5K units)
- India (24.6K units)
- Netherlands (21.4K units)
- Finland (20.2K units)
- Germany (16.3K units)
- Poland (11.8K units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Estonia
For the third consecutive year, Estonia recorded decline in shipments abroad of articles of apparel and clothing accessories, of leather or of composition leather, which decreased by -10.3% to 219K units in 2022. In general, exports showed a abrupt decrease. The smallest decline of -0.7% was in 2020. Over the period under review, the exports of hit record highs at 267K 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 declined remarkably to $3.2M in 2022. Over the period under review, exports recorded a drastic downturn. The pace of growth appeared the most rapid in 2021 with an increase of 12%. As a result, the exports reached the peak of $4.6M, and then reduced dramatically in the following year.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Estonia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 2,293 | 2,260 | 2,412 | 1,555 | -12.1% |
| Lithuania | 842 | 977 | 1,220 | 711 | -5.5% |
| Finland | 322 | 315 | 306 | 306 | -1.7% |
| Russia | 266 | 198 | 219 | 81.7 | -32.5% |
| Others | 323 | 327 | 420 | 502 | 15.8% |
| Total | 4,047 | 4,077 | 4,577 | 3,156 | -8.0% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Estonia in 2022:
- Latvia (141.9K units)
- Lithuania (42.7K units)
- Finland (15.8K units)
- Russia (5.0K units)
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