Price for Textiles; Worn Clothing and Other Worn Articles in Ireland - 2023

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Ireland (FOB) - 2022
2. Price for Textiles; Worn Clothing and Other Worn Articles in Ireland (CIF) - 2022
3. Exports of Textiles; Worn Clothing and Other Worn Articles in Ireland
4. Imports of Textiles; Worn Clothing and Other Worn Articles in Ireland

Price for Textiles; Worn Clothing and Other Worn Articles in Ireland (FOB) - 2022

In 2022, the average export price for textiles; worn clothing and other worn articleses amounted to $972 per ton, waning by -12.9% against the previous year. In general, the export price showed a noticeable curtailment. The growth pace was the most rapid in 2021 when the average export price increased by 35%. The export price peaked at $1,829 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ghana ($1,551 per ton), while the average price for exports to Pakistan ($146 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 Turkey (+6.4%), while the prices for the other major destinations experienced a decline.

Price for Textiles; Worn Clothing and Other Worn Articles in Ireland (CIF) - 2022

The average import price for textiles; worn clothing and other worn articleses stood at $8,376 per ton in 2022, which is down by -26.4% against the previous year. In general, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 118% against the previous year. Over the period under review, average import prices hit record highs at $22,951 per ton 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 the United States ($14,456 per ton), while the price for the United Arab Emirates ($1,839 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Textiles; Worn Clothing and Other Worn Articles in Ireland

In 2022, overseas shipments of textiles; worn clothing and other worn articleses were finally on the rise to reach 13K tons after two years of decline. The total export volume increased at an average annual rate of +2.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of textiles; worn clothing and other worn articleses rose rapidly to $12M in 2022. The total export value increased at an average annual rate of +7.3% 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 when exports increased by 25% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the immediate term.

Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Ireland in 2022:

1. United Kingdom (4.9K tons)
2. United Arab Emirates (1.1K tons)
3. Poland (1.1K tons)
4. Latvia (1.1K tons)
5. Hungary (0.9K tons)
6. Ghana (0.8K tons)
7. Benin (0.6K tons)
8. Turkey (0.2K tons)
9. Nigeria (0.2K tons)

Imports of Textiles; Worn Clothing and Other Worn Articles in Ireland

For the fourth consecutive year, Ireland recorded growth in supplies from abroad of textiles; worn clothing and other worn articleses, which increased by 19% to 277 tons in 2022. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2021 with an increase of 252%. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of textiles; worn clothing and other worn articleses contracted to $2.3M in 2022. Overall, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 113%. As a result, imports attained the peak of $2.6M, and then reduced in the following year.

Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Ireland in 2022:

1. United Kingdom (134.5 tons)
2. United Arab Emirates (25.8 tons)
3. Italy (24.7 tons)
4. Pakistan (21.6 tons)
5. Hungary (14.1 tons)
6. United States (9.1 tons)
7. Netherlands (7.8 tons)
8. China (6.7 tons)
9. Australia (6.4 tons)

Source: IndexBox Market Intelligence Platform