Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ethiopia - 2022
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ethiopia (CIF) - 2022
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ethiopia (FOB) - 2022
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ethiopia
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ethiopia
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ethiopia (CIF) - 2022
In 2022, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $3.9 per unit, jumping by 16% against the previous year. Over the period under review, the import price, however, recorded a deep setback. The pace of growth appeared the most rapid in 2017 an increase of 41% against the previous year. Over the period under review, average import prices attained the maximum at $9.9 per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for China amounted to -4.8% per year.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ethiopia (FOB) - 2022
In 2022, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $13 per unit, stabilizing at the previous year. Over the period under review, the export price showed a mild contraction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 61% against the previous year. As a result, the export price reached the peak level of $27 per unit. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($58 per unit), while the average price for exports to the United States ($10 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+4.7%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ethiopia
In 2022, overseas purchases of articles of apparel and clothing accessories, of leather or of composition leather decreased by -18.8% to 1M units for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 490%. Imports peaked at 1.3M units in 2021, and then shrank dramatically in the following year.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather shrank to $4M in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 279%. Imports peaked at $4.3M in 2021, and then declined in the following year.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.8 | 3.1 | 4.1 | 3.9 | 69.6% |
| Others | 0.1 | 0.2 | 0.2 | 0.2 | 26.0% |
| Total | 0.9 | 3.3 | 4.3 | 4.0 | 64.4% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Ethiopia in 2022:
- China (1009.3K units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ethiopia
After three years of growth, overseas shipments of articles of apparel and clothing accessories, of leather or of composition leather decreased by -52% to 173K units in 2022. Over the period under review, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 60%. As a result, the exports reached the peak of 361K units, and then fell significantly in the following year.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather shrank dramatically to $2.3M in 2022. In general, exports continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 39%. As a result, the exports reached the peak of $4.9M, and then fell significantly in the following year.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,544 | 2,824 | 4,108 | 1,603 | -14.3% |
| China | 750 | 433 | 206 | 326 | -24.2% |
| Sweden | 119 | 174 | 24.6 | 127 | 2.2% |
| United Kingdom | 449 | 78.6 | 184 | 125 | -34.7% |
| Djibouti | N/A | 0.4 | 324 | N/A | 80900.0% |
| Others | 287 | 16.5 | 62.7 | 152 | -19.1% |
| Total | 4,149 | 3,527 | 4,909 | 2,334 | -17.4% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Ethiopia in 2022:
- United States (155.6K units)
- China (5.6K units)
- Sweden (3.9K units)
- United Kingdom (3.8K units)
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