Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in China - 2023
Contents:
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in China (FOB) - 2022
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in China (CIF) - 2022
- Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in China
- Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in China
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in China (FOB) - 2022
The average export price for articles of apparel, clothing accessories and other articles of furskin stood at $363 per unit in 2022, falling by -3.7% against the previous year. In general, the export price showed a slight descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 31%. The export price peaked at $676 per unit in 2019; however, from 2020 to 2022, the export prices stood at a somewhat 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 Hong Kong SAR ($953 per unit), while the average price for exports to Australia ($29 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 Hong Kong SAR (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in China (CIF) - 2022
In 2022, the average import price for articles of apparel, clothing accessories and other articles of furskin amounted to $473 per unit, with a decrease of -18.3% against the previous year. Over the period under review, the import price recorded a deep slump. The pace of growth was the most pronounced in 2017 an increase of 38% against the previous year. Over the period under review, average import prices attained the maximum at $1,019 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($1,623 per unit), while the price for South Korea ($45 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.2%), while the prices for the other major suppliers experienced a decline.
Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in China
For the third consecutive year, China recorded decline in shipments abroad of articles of apparel, clothing accessories and other articles of furskin, which decreased by -22.7% to 5.1M units in 2022. In general, exports saw a abrupt descent. The smallest decline of -1.7% was in 2021. The exports peaked at 7.3M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of articles of apparel, clothing accessories and other articles of furskin fell dramatically to $1.9B in 2022. Overall, exports showed a dramatic decline. The smallest decline of -19.7% was in 2021. The exports peaked at $4.9B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 3,279 | 1,914 | 1,376 | 774 | -38.2% |
| South Korea | 407 | 361 | 508 | 335 | -6.3% |
| Kyrgyzstan | 92.3 | 46.3 | 62.5 | 265 | 42.1% |
| Hong Kong SAR | 608 | 495 | 237 | 218 | -29.0% |
| Vietnam | 90.1 | 39.3 | 45.3 | 44.3 | -21.1% |
| United States | 29.0 | 15.1 | 25.7 | 25.7 | -3.9% |
| Germany | 35.3 | 21.3 | 20.6 | 13.2 | -28.0% |
| Japan | 20.3 | 11.7 | 12.3 | 11.9 | -16.3% |
| Sweden | 7.8 | 8.1 | 17.3 | 10.8 | 11.5% |
| Australia | 11.0 | 10.8 | 12.1 | 9.9 | -3.5% |
| United Kingdom | 8.5 | 7.9 | 9.3 | 9.0 | 1.9% |
| Thailand | 8.8 | 6.6 | 10.1 | 8.7 | -0.4% |
| Denmark | 4.0 | 4.4 | 6.4 | 4.6 | 4.8% |
| Others | 300 | 180 | 164 | 139 | -22.6% |
| Total | 4,901 | 3,122 | 2,508 | 1,868 | -27.5% |
Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from China in 2022:
- Russia (1132.2K units)
- South Korea (543.6K units)
- Kyrgyzstan (429.0K units)
- Germany (358.9K units)
- Australia (339.8K units)
- United States (284.7K units)
- Thailand (283.0K units)
- Hong Kong SAR (228.7K units)
- United Kingdom (185.2K units)
- Sweden (170.8K units)
- Japan (159.9K units)
- Vietnam (149.2K units)
- Denmark (114.1K units)
Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in China
In 2022, approx. 170K units of articles of apparel, clothing accessories and other articles of furskin were imported into China; picking up by 9% against 2021. Over the period under review, imports posted a significant increase. The growth pace was the most rapid in 2021 when imports increased by 111% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of articles of apparel, clothing accessories and other articles of furskin dropped to $80M in 2022. In general, imports saw buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 76% against the previous year. As a result, imports attained the peak of $90M, and then declined in the following year.
| Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 27.1 | 29.4 | 56.7 | 49.6 | 22.3% |
| France | 6.8 | 11.7 | 19.3 | 18.1 | 38.6% |
| Turkey | 8.1 | 6.4 | 8.8 | 6.2 | -8.5% |
| Vietnam | 0.3 | 0.3 | 0.3 | 2.0 | 88.2% |
| South Korea | 0.6 | 0.2 | 0.7 | 0.8 | 10.1% |
| Hong Kong SAR | 1.5 | 0.8 | 0.6 | 0.8 | -18.9% |
| India | 0.5 | 0.4 | 0.4 | 0.5 | 0.0% |
| Others | 4.5 | 1.9 | 3.1 | 2.1 | -22.4% |
| Total | 49.4 | 51.2 | 89.9 | 80.1 | 17.5% |
Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to China in 2022:
- Italy (48.9K units)
- Turkey (38.1K units)
- Vietnam (24.0K units)
- South Korea (17.6K units)
- France (11.2K units)
- India (10.4K units)
- Hong Kong SAR (7.7K units)
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