Price for Textiles; Worn Clothing and Other Worn Articles in Belgium - 2023
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Belgium (FOB) - 2023
- Price for Textiles; Worn Clothing and Other Worn Articles in Belgium (CIF) - 2023
- Exports of Textiles; Worn Clothing and Other Worn Articles in Belgium
- Imports of Textiles; Worn Clothing and Other Worn Articles in Belgium
Price for Textiles; Worn Clothing and Other Worn Articles in Belgium (FOB) - 2023
The average export price for textiles; worn clothing and other worn articleses stood at $953 per ton in December 2023, picking up by 11% against the previous month. Over the last twelve months, it increased at an average monthly rate of +1.8%. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 18% against the previous month. Over the period under review, the average export prices attained the maximum at $965 per ton in February 2023; however, from March 2023 to December 2023, the export prices failed to regain momentum.
There were significant differences in the average prices for the major overseas markets. In December 2023, the country with the highest price was Gabon ($2,204 per ton), while the average price for exports to India ($99.0 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Textiles; Worn Clothing and Other Worn Articles in Belgium (CIF) - 2023
The average import price for textiles; worn clothing and other worn articleses stood at $834 per ton in December 2023, waning by -16.8% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 40% against the previous month. Over the period under review, average import prices attained the maximum at $1,307 per ton in June 2023; however, from July 2023 to December 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($11,781 per ton), while the price for Turkey ($65.0 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Canada (+5.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Textiles; Worn Clothing and Other Worn Articles in Belgium
After three years of growth, shipments abroad of textiles; worn clothing and other worn articleses decreased by -5.2% to 197K tons in 2022. The total export volume increased at an average annual rate of +5.8% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 22% against the previous year.
In value terms, exports of textiles; worn clothing and other worn articleses dropped modestly to $154M in 2022. The total export value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 11%.
| Export of Textiles; Worn Clothing and Other Worn Articles in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cameroon | 33.7 | 35.8 | 32.8 | 29.0 | -4.9% |
| United Arab Emirates | 5.2 | 11.1 | 12.6 | 16.3 | 46.4% |
| Turkey | 10.3 | 11.0 | 9.4 | 12.2 | 5.8% |
| Gabon | 12.2 | 11.3 | 9.9 | 9.4 | -8.3% |
| Pakistan | 3.7 | 4.5 | 6.5 | 7.5 | 26.6% |
| Oman | 6.7 | 5.5 | 6.3 | 5.2 | -8.1% |
| Benin | 2.0 | 3.1 | 4.6 | 4.1 | 27.0% |
| Lebanon | 2.5 | 1.3 | 2.4 | 3.5 | 11.9% |
| Democratic Republic of the Congo | 2.8 | 2.2 | 3.4 | 3.2 | 4.6% |
| Russia | 8.4 | 6.6 | 8.1 | 2.4 | -34.1% |
| Morocco | 0.2 | 0.4 | 1.1 | 1.8 | 108.0% |
| India | 0.7 | 0.6 | 0.8 | 1.1 | 16.3% |
| Others | 44.0 | 53.0 | 58.3 | 58.1 | 9.7% |
| Total | 132 | 146 | 156 | 154 | 5.3% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Belgium in 2022:
- United Arab Emirates (29.4K tons)
- Cameroon (29.1K tons)
- Pakistan (26.1K tons)
- Turkey (19.5K tons)
- Oman (8.9K tons)
- Benin (6.9K tons)
- India (6.4K tons)
- Morocco (5.3K tons)
- Gabon (4.8K tons)
- Lebanon (4.0K tons)
- Democratic Republic of the Congo (3.1K tons)
- Russia (2.3K tons)
Imports of Textiles; Worn Clothing and Other Worn Articles in Belgium
In 2022, purchases abroad of textiles; worn clothing and other worn articleses increased by 52% to 54K tons for the first time since 2019, thus ending a two-year declining trend. In general, total imports indicated a notable increase from 2019 to 2022: its volume increased at an average annual rate of +4.1% over the last three years. The trend pattern, however, 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.
In value terms, imports of textiles; worn clothing and other worn articleses soared to $48M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.9% 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 +52.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Textiles; Worn Clothing and Other Worn Articles in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 14.5 | 13.2 | 14.8 | 19.8 | 10.9% |
| Germany | 8.6 | 7.1 | 8.0 | 13.6 | 16.5% |
| Switzerland | 3.3 | 2.8 | 3.2 | 3.7 | 3.9% |
| United Kingdom | 0.1 | 0.1 | 1.1 | 3.1 | 214.1% |
| Netherlands | 4.4 | 2.8 | 1.8 | 2.0 | -23.1% |
| Denmark | 0.1 | N/A | N/A | 0.6 | 81.7% |
| Italy | 0.1 | 0.2 | 0.2 | 0.5 | 71.0% |
| Others | 2.8 | 4.9 | 2.9 | 4.4 | 16.3% |
| Total | 34.0 | 31.1 | 32.0 | 47.6 | 11.9% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Belgium in 2022:
- Germany (19.6K tons)
- France (19.1K tons)
- Switzerland (4.9K tons)
- United Kingdom (3.7K tons)
- Netherlands (2.5K tons)
- Denmark (1.4K tons)
- Italy (0.9K tons)
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