Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United States - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United States (CIF) - 2023
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United States (FOB) - 2022
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United States
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United States
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United States (CIF) - 2023
In December 2023, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $11.5 per unit, growing by 11% against the previous month. In general, the import price, however, saw a slight shrinkage. The most prominent rate of growth was recorded in October 2023 when the average import price increased by 23% month-to-month. The import price peaked at $13.4 per unit in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Vietnam ($14.9 per unit), while the price for Indonesia ($3.7 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 Pakistan (-0.5%), while the prices for the other major suppliers experienced a decline.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United States (FOB) - 2022
In 2022, the average export price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $22 per unit, waning by -20.6% against the previous year. In general, the export price saw a precipitous descent. The growth pace was the most rapid in 2014 an increase of 56%. As a result, the export price reached the peak level of $3,648 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($88 per unit), while the average price for exports to Canada ($11 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 Australia (-30.7%), 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 the United States
Imports of articles of apparel and clothing accessories, of leather or of composition leather into the United States amounted to 129M units in 2022, increasing by 14% on the year before. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 58% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather skyrocketed to $1.6B in 2022. Over the period under review, total imports indicated a notable expansion from 2019 to 2022: its value increased at an average annual rate of +4.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 28%. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in years to come.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 230 | 173 | 229 | 243 | 1.8% |
| China | 420 | 206 | 221 | 240 | -17.0% |
| India | 171 | 133 | 176 | 232 | 10.7% |
| Pakistan | 123 | 114 | 137 | 173 | 12.0% |
| Indonesia | 68.2 | 52.3 | 80.1 | 110 | 17.3% |
| Vietnam | 75.0 | 73.5 | 72.3 | 99.5 | 9.9% |
| Taiwan (Chinese) | 32.3 | 29.8 | 58.1 | 73.8 | 31.7% |
| Philippines | 46.3 | 28.5 | 39.7 | 63.7 | 11.2% |
| Cambodia | 16.1 | 20.9 | 39.6 | 59.2 | 54.3% |
| Mexico | 28.2 | 22.1 | 35.3 | 47.2 | 18.7% |
| Thailand | 30.0 | 25.0 | 35.6 | 46.2 | 15.5% |
| Guatemala | 33.0 | 27.6 | 38.5 | 30.6 | -2.5% |
| Others | 161 | 146 | 181 | 209 | 9.1% |
| Total | 1,434 | 1,051 | 1,344 | 1,628 | 4.3% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to the United States in 2022:
- Indonesia (26.1M units)
- China (24.1M units)
- India (21.5M units)
- Pakistan (11.2M units)
- Cambodia (8.4M units)
- Vietnam (7.6M units)
- Taiwan (Chinese) (6.2M units)
- Mexico (4.8M units)
- Thailand (4.0M units)
- Italy (3.8M units)
- Philippines (3.4M units)
- Guatemala (2.7M units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in the United States
For the fourth year in a row, the United States recorded growth in overseas shipments of articles of apparel and clothing accessories, of leather or of composition leather, which increased by 44% to 7.8M units in 2022. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 347%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see steady growth in the near future.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather rose remarkably to $168M in 2022. In general, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2021 when exports increased by 15% against the previous year. Over the period under review, the exports of reached the maximum at $182M 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 the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 48.6 | 37.0 | 44.8 | 53.8 | 3.4% |
| Panama | 20.4 | 8.1 | 12.8 | 12.7 | -14.6% |
| Bahamas | 4.2 | 1.9 | 3.1 | 7.0 | 18.6% |
| Japan | 13.5 | 7.9 | 7.5 | 6.5 | -21.6% |
| Mexico | 9.6 | 5.5 | 4.6 | 5.4 | -17.5% |
| United Kingdom | 5.3 | 7.1 | 6.1 | 5.4 | 0.6% |
| France | 4.5 | 2.9 | 4.0 | 5.3 | 5.6% |
| Australia | 4.1 | 3.6 | 3.7 | 4.3 | 1.6% |
| Germany | 1.9 | 1.2 | 1.9 | 3.2 | 19.0% |
| Others | 70.0 | 51.9 | 58.3 | 64.2 | -2.8% |
| Total | 182 | 127 | 147 | 168 | -2.6% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from the United States in 2022:
- Canada (4836.7K units)
- Bahamas (255.0K units)
- Panama (225.6K units)
- France (207.1K units)
- United Kingdom (182.2K units)
- Germany (178.7K units)
- Mexico (115.0K units)
- Australia (111.9K units)
- Japan (74.2K units)
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