Price for Textiles; Worn Clothing and Other Worn Articles in Canada - 2024
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Canada (FOB) - 2022
- Price for Textiles; Worn Clothing and Other Worn Articles in Canada (CIF) - 2024
- Exports of Textiles; Worn Clothing and Other Worn Articles in Canada
- Imports of Textiles; Worn Clothing and Other Worn Articles in Canada
Price for Textiles; Worn Clothing and Other Worn Articles in Canada (FOB) - 2022
In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $1,191 per ton, rising by 3.6% against the previous year. In general, the export price, however, saw a slight slump. The most prominent rate of growth was recorded in 2015 when the average export price increased by 27%. As a result, the export price attained the peak level of $1,796 per ton. From 2016 to 2022, the average export prices remained at a lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Ghana ($1,191 per ton) and the Philippines ($1,191 per ton), while the average price for exports to the UK ($1,191 per ton) and Kenya ($1,191 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (-1.5%), while the prices for the other major destinations experienced a decline.
Price for Textiles; Worn Clothing and Other Worn Articles in Canada (CIF) - 2024
In January 2024, the average import price for textiles; worn clothing and other worn articleses amounted to $518 per ton, which is down by -1.6% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 5.2% against the previous month. Over the period under review, average import prices attained the maximum at $563 per ton in January 2023; however, from February 2023 to January 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was China ($975 per ton), while the price for the United States ($470 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by China (+1.4%), while the prices for the other major suppliers experienced a decline.
Exports of Textiles; Worn Clothing and Other Worn Articles in Canada
In 2022, approx. 125K tons of textiles; worn clothing and other worn articleses were exported from Canada; with an increase of 2.4% against the previous year. The total export volume increased at an average annual rate of +2.5% 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 2021 with an increase of 46%. The exports peaked in 2022 and are likely to continue growth in the near future.
In value terms, exports of textiles; worn clothing and other worn articleses rose remarkably to $149M in 2022. Overall, total exports indicated a perceptible increase from 2019 to 2022: its value increased at an average annual rate of +4.6% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +67.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 58%. The exports peaked in 2022 and are likely to continue growth in the immediate term.
| Export of Textiles; Worn Clothing and Other Worn Articles in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Pakistan | 12.2 | 9.0 | 16.2 | 18.5 | 14.9% |
| Nicaragua | 6.0 | 5.7 | 13.6 | 15.7 | 37.8% |
| Kenya | 16.3 | 7.4 | 13.5 | 12.7 | -8.0% |
| United Arab Emirates | 5.6 | 4.0 | 6.4 | 10.7 | 24.1% |
| Ghana | 13.0 | 11.8 | 15.1 | 10.6 | -6.6% |
| India | 9.7 | 5.6 | 6.2 | 9.5 | -0.7% |
| Chile | 3.2 | 2.2 | 6.1 | 9.2 | 42.2% |
| Tunisia | 5.8 | 5.9 | 8.0 | 7.8 | 10.4% |
| Tanzania | 3.9 | 2.5 | 5.3 | 4.6 | 5.7% |
| Angola | 5.1 | 3.3 | 2.9 | 4.3 | -5.5% |
| United Kingdom | 0.9 | 0.6 | 3.6 | 3.8 | 61.6% |
| Philippines | 3.0 | 1.5 | 2.9 | 3.7 | 7.2% |
| Democratic Republic of the Congo | 4.7 | 2.6 | 2.4 | 3.5 | -9.4% |
| Others | 41.2 | 26.8 | 38.8 | 35.0 | -5.3% |
| Total | 131 | 89.0 | 141 | 149 | 4.4% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Canada in 2022:
- Pakistan (15.5K tons)
- Nicaragua (13.2K tons)
- Kenya (10.6K tons)
- United Arab Emirates (9.0K tons)
- Ghana (8.9K tons)
- India (7.9K tons)
- Chile (7.7K tons)
- Tunisia (6.5K tons)
- Tanzania (3.8K tons)
- Angola (3.6K tons)
- United Kingdom (3.2K tons)
- Philippines (3.1K tons)
- Democratic Republic of the Congo (2.9K tons)
Imports of Textiles; Worn Clothing and Other Worn Articles in Canada
In 2022, approx. 100K tons of textiles; worn clothing and other worn articleses were imported into Canada; remaining constant against the year before. Overall, imports continue to indicate a abrupt descent. The growth pace was the most rapid in 2021 with an increase of 22%.
In value terms, imports of textiles; worn clothing and other worn articleses expanded remarkably to $58M in 2022. Over the period under review, total imports indicated temperate growth from 2019 to 2022: its value increased at an average annual rate of +4.5% 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 +84.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 66%. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Textiles; Worn Clothing and Other Worn Articles in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 44.9 | 27.4 | 46.5 | 51.5 | 4.7% |
| China | 5.3 | 3.3 | 4.5 | 5.8 | 3.1% |
| Others | 0.8 | 0.8 | 1.0 | 0.8 | 0.0% |
| Total | 51.0 | 31.4 | 52.1 | 58.1 | 4.4% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Canada in 2022:
- United States (90.2K tons)
- China (9.1K tons)
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