Price for Clothing; Parts, Knitted or Crocheted in Canada - 2023

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in Canada (FOB) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in Canada (CIF) - 2022
3. Exports of Clothing; Parts, Knitted or Crocheted in Canada
4. Imports of Clothing; Parts, Knitted or Crocheted in Canada

Price for Clothing; Parts, Knitted or Crocheted in Canada (FOB) - 2022

The average export price for clothing; parts, knitted or crocheted stood at $80,669 per ton in 2022, increasing by 8.7% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 40%. The export price peaked in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bangladesh ($119,879 per ton), while the average price for exports to Japan ($19,866 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Bangladesh (+25.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Clothing; Parts, Knitted or Crocheted in Canada (CIF) - 2022

The average import price for clothing; parts, knitted or crocheted stood at $35,684 per ton in 2022, therefore, remained relatively stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 27% against the previous year. Over the period under review, average import prices attained the maximum at $38,384 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Mexico ($35,763 per ton) and the United States ($35,687 per ton), while the price for Taiwan (Chinese) ($35,663 per ton) and Italy ($35,664 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cambodia (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Clothing; Parts, Knitted or Crocheted in Canada

Clothing; parts, knitted or crocheted exports from Canada expanded significantly to 30 tons in 2022, surging by 14% against the previous year's figure. Over the period under review, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year.

In value terms, clothing; parts, knitted or crocheted exports surged to $2.4M in 2022. In general, exports showed a prominent increase. The growth pace was the most rapid in 2021 with an increase of 90% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from Canada in 2022:

1. United States (15.1 tons)
2. Japan (9.9 tons)
3. Ireland (2.1 tons)
4. Bangladesh (1.4 tons)

Imports of Clothing; Parts, Knitted or Crocheted in Canada

In 2022, imports of clothing; parts, knitted or crocheted into Canada skyrocketed to 46 tons, picking up by 17% compared with the previous year's figure. The total import volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, clothing; parts, knitted or crocheted imports skyrocketed to $1.6M in 2022. The total import value increased at an average annual rate of +10.4% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to Canada in 2022:

1. United States (17.8 tons)
2. China (9.0 tons)
3. Cambodia (8.3 tons)
4. Bangladesh (7.0 tons)
5. Italy (0.5 tons)

Source: IndexBox Market Intelligence Platform