Price for Clothing; Parts, Knitted or Crocheted in the United States - 2023
Contents:
- Price for Clothing; Parts, Knitted or Crocheted in the United States (FOB) - 2022
- Price for Clothing; Parts, Knitted or Crocheted in the United States (CIF) - 2022
- Exports of Clothing; Parts, Knitted or Crocheted in the United States
- Imports of Clothing; Parts, Knitted or Crocheted in the United States
Price for Clothing; Parts, Knitted or Crocheted in the United States (FOB) - 2022
The average export price for clothing; parts, knitted or crocheted stood at $5,686 per ton in 2022, declining by -50.7% against the previous year. Overall, the export price showed a perceptible decline. The most prominent rate of growth was recorded in 2015 an increase of 42% against the previous year. As a result, the export price reached the peak level of $14,267 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($21,259 per ton), while the average price for exports to Mexico ($3,157 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 Honduras (+13.3%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Clothing; Parts, Knitted or Crocheted in the United States (CIF) - 2022
In 2022, the average import price for clothing; parts, knitted or crocheted amounted to $26,346 per ton, increasing by 6.9% against the previous year. In general, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by 32% against the previous year. The import price peaked at $45,924 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($81,411 per ton), while the price for China ($12,560 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+5.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Clothing; Parts, Knitted or Crocheted in the United States
In 2022, clothing; parts, knitted or crocheted exports from the United States dropped notably to 15K tons, which is down by -58% compared with the year before. Overall, exports faced a abrupt decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 94% against the previous year. As a result, the exports reached the peak of 35K tons, and then fell rapidly in the following year.
In value terms, clothing; parts, knitted or crocheted exports fell dramatically to $83M in 2022. Over the period under review, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 104% against the previous year. As a result, the exports attained the peak of $400M, and then plummeted in the following year.
| Export of Clothing; Parts, Knitted or Crocheted in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 12.2 | 14.4 | 39.6 | 38.8 | 47.1% |
| Nicaragua | 195 | 141 | 234 | 28.5 | -47.3% |
| Honduras | 52.3 | 20.1 | 52.5 | 6.5 | -50.1% |
| El Salvador | 0.3 | 2.8 | 37.3 | 2.0 | 88.2% |
| Others | 17.0 | 18.2 | 36.7 | 7.1 | -25.3% |
| Total | 277 | 196 | 400 | 82.8 | -33.1% |
Top Export Markets for Clothing; Parts, Knitted or Crocheted from the United States in 2022:
- Mexico (12.3K tons)
- Nicaragua (1.3K tons)
- El Salvador (0.3K tons)
- Honduras (0.3K tons)
Imports of Clothing; Parts, Knitted or Crocheted in the United States
Clothing; parts, knitted or crocheted imports into the United States rose significantly to 281 tons in 2022, growing by 7.3% on 2021. The total import volume increased at an average annual rate of +13.9% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.
In value terms, clothing; parts, knitted or crocheted imports totaled $7.4M in 2022. The total import value increased at an average annual rate of +10.5% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 28% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Clothing; Parts, Knitted or Crocheted in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,979 | 1,311 | 1,776 | 2,219 | 3.9% |
| Canada | 888 | 716 | 1,506 | 1,711 | 24.4% |
| Taiwan (Chinese) | 242 | 296 | 861 | 1,565 | 86.3% |
| Italy | 933 | 718 | 1,123 | 582 | -14.6% |
| Vietnam | 345 | 297 | 83.4 | 154 | -23.6% |
| Mexico | 271 | 946 | 388 | 102 | -27.8% |
| Others | 834 | 763 | 715 | 1,068 | 8.6% |
| Total | 5,492 | 5,047 | 6,452 | 7,401 | 10.5% |
Top Suppliers of Clothing; Parts, Knitted or Crocheted to the United States in 2022:
- China (176.7 tons)
- Taiwan (Chinese) (51.1 tons)
- Canada (21.0 tons)
- Italy (10.8 tons)
- Vietnam (2.8 tons)
- Mexico (2.4 tons)
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