Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in India - 2023
Contents:
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in India (FOB) - 2023
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in India (CIF) - 2022
- Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in India
- Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in India
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in India (FOB) - 2023
The average export price for articles of apparel, clothing accessories and other articles of furskin stood at $72.4 per unit in November 2023, with an increase of 5.5% against the previous month. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in September 2023 an increase of 29% month-to-month. Over the period under review, the average export prices attained the maximum at $81.2 per unit in January 2023; however, from February 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($101 per unit), while the average price for exports to France ($14.9 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 Germany (+4.3%), 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 India (CIF) - 2022
In 2022, the average import price for articles of apparel, clothing accessories and other articles of furskin amounted to $51 per unit, reducing by -38.9% against the previous year. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 120%. Over the period under review, average import prices reached the peak figure at $171 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 Germany ($204 per unit), while the price for Spain ($27 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+21.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in India
In 2022, overseas shipments of articles of apparel, clothing accessories and other articles of furskin decreased by -36.9% to 261K units for the first time since 2018, thus ending a three-year rising trend. In general, exports continue to indicate a perceptible reduction. The pace of growth was the most pronounced in 2021 with an increase of 37% against the previous year. As a result, the exports reached the peak of 414K units, and then shrank significantly in the following year.
In value terms, exports of articles of apparel, clothing accessories and other articles of furskin reduced notably to $17M in 2022. Over the period under review, exports, however, saw a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 88%. As a result, the exports reached the peak of $23M, and then contracted rapidly in the following year.
| Export of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.2 | 7.7 | 18.3 | 14.8 | 33.6% |
| Germany | 0.7 | 0.8 | 1.1 | 0.7 | 0.0% |
| Australia | 0.4 | 0.3 | 0.4 | 0.3 | -9.1% |
| Denmark | 0.5 | 0.4 | 0.4 | 0.2 | -26.3% |
| Chile | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
| Netherlands | 0.4 | 0.4 | 0.2 | 0.1 | -37.0% |
| France | 0.4 | 0.5 | 0.3 | 0.1 | -37.0% |
| Others | 2.9 | 1.9 | 1.9 | 1.1 | -27.6% |
| Total | 11.7 | 12.2 | 22.8 | 17.4 | 14.1% |
Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from India in 2022:
- United States (194.6K units)
- Germany (19.4K units)
- Chile (6.3K units)
- Australia (4.8K units)
- Denmark (4.6K units)
- France (4.2K units)
- Netherlands (1.2K units)
Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in India
In 2022, purchases abroad of articles of apparel, clothing accessories and other articles of furskin increased by 173% to 1.5K units for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of articles of apparel, clothing accessories and other articles of furskin soared to $77K in 2022. Over the period under review, imports, however, saw a drastic downturn. Imports peaked at $107K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 25.4 | 8.9 | 7.1 | 23.9 | -2.0% |
| China | 7.8 | 2.5 | 8.7 | 19.0 | 34.6% |
| United States | N/A | N/A | 12.5 | 18.2 | 45.6% |
| Hong Kong SAR | 46.9 | N/A | N/A | 8.1 | -44.3% |
| Germany | 1.6 | 16.1 | N/A | 2.9 | 21.9% |
| South Africa | N/A | N/A | N/A | 1.8 | 0% |
| Singapore | N/A | 1.1 | 3.4 | 1.7 | 24.3% |
| United Kingdom | 24.4 | N/A | N/A | N/A | 0% |
| Others | 1.3 | 5.3 | 14.2 | 1.0 | -8.4% |
| Total | 107 | 33.9 | 45.8 | 76.6 | -10.5% |
Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to India in 2022:
- Spain (889.0 units)
- United States (237.0 units)
- China (225.0 units)
- Hong Kong SAR (60.0 units)
- South Africa (51.0 units)
- Singapore (32.0 units)
- Germany (14.0 units)
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