Price for Textiles; Worn Clothing and Other Worn Articles in Japan - 2023
Contents:
- Price for Textiles; Worn Clothing and Other Worn Articles in Japan (FOB) - 2023
- Price for Textiles; Worn Clothing and Other Worn Articles in Japan (CIF) - 2022
- Exports of Textiles; Worn Clothing and Other Worn Articles in Japan
- Imports of Textiles; Worn Clothing and Other Worn Articles in Japan
Price for Textiles; Worn Clothing and Other Worn Articles in Japan (FOB) - 2023
In November 2023, the average export price for textiles; worn clothing and other worn articleses amounted to $454 per ton, dropping by -2.3% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 7% month-to-month. Over the period under review, the average export prices attained the peak figure at $494 per ton in February 2023; however, from March 2023 to November 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was India ($989 per ton), while the average price for exports to the Philippines ($309 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (+9.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Textiles; Worn Clothing and Other Worn Articles in Japan (CIF) - 2022
In 2022, the average import price for textiles; worn clothing and other worn articleses amounted to $8,554 per ton, remaining constant against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 25% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
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 the United States ($12,643 per ton), while the price for Malaysia ($631 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+9.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Textiles; Worn Clothing and Other Worn Articles in Japan
In 2022, the amount of textiles; worn clothing and other worn articleses exported from Japan declined modestly to 225K tons, stabilizing at the previous year. Over the period under review, exports saw a perceptible downturn.
In value terms, exports of textiles; worn clothing and other worn articleses expanded remarkably to $88M in 2022. In general, exports continue to indicate a pronounced downturn.
| Export of Textiles; Worn Clothing and Other Worn Articles in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 43.0 | 35.5 | 35.7 | 35.7 | -6.0% |
| South Korea | 12.6 | 8.0 | 9.7 | 9.5 | -9.0% |
| Cambodia | 7.4 | 8.0 | 7.1 | 8.9 | 6.3% |
| Philippines | 14.0 | 9.4 | 10.5 | 7.6 | -18.4% |
| India | 3.1 | 5.5 | 4.7 | 6.0 | 24.6% |
| Taiwan (Chinese) | 0.5 | 1.2 | 3.1 | 5.9 | 127.7% |
| Thailand | 3.7 | 2.7 | 3.2 | 5.4 | 13.4% |
| Pakistan | 3.9 | 4.1 | 4.9 | 3.8 | -0.9% |
| Others | 6.6 | 5.8 | 5.3 | 5.8 | -4.2% |
| Total | 94.9 | 80.1 | 84.2 | 88.5 | -2.3% |
Top Export Markets for Textiles; Worn Clothing and Other Worn Articles from Japan in 2022:
- Malaysia (101.6K tons)
- South Korea (32.5K tons)
- Philippines (25.9K tons)
- India (18.0K tons)
- Cambodia (13.4K tons)
- Thailand (8.5K tons)
- Taiwan (Chinese) (7.7K tons)
- Pakistan (6.9K tons)
Imports of Textiles; Worn Clothing and Other Worn Articles in Japan
Imports of textiles; worn clothing and other worn articleses into Japan skyrocketed to 10K tons in 2022, jumping by 22% compared with 2021. In general, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +17.9% 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 +75.1% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 43%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of textiles; worn clothing and other worn articleses skyrocketed to $87M in 2022. Overall, imports saw significant growth. The growth pace was the most rapid in 2021 with an increase of 67% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Textiles; Worn Clothing and Other Worn Articles in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 27.3 | 19.7 | 30.2 | 38.7 | 12.3% |
| Thailand | 7.8 | 8.0 | 14.6 | 15.3 | 25.2% |
| Pakistan | 1.4 | 1.6 | 5.3 | 5.8 | 60.6% |
| China | 1.4 | 1.3 | 2.4 | 4.2 | 44.2% |
| India | 1.4 | 2.7 | 1.7 | 4.0 | 41.9% |
| France | 1.9 | 1.9 | 3.7 | 3.7 | 24.9% |
| Canada | 2.8 | 2.4 | 2.2 | 3.3 | 5.6% |
| United Arab Emirates | N/A | 0.1 | 2.6 | 2.0 | 347.2% |
| Netherlands | 0.9 | 1.1 | 1.7 | 1.5 | 18.6% |
| Philippines | 0.5 | 0.3 | 0.4 | 0.5 | 0.0% |
| South Korea | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
| Malaysia | 0.6 | 0.5 | 0.3 | 0.4 | -12.6% |
| Others | 3.2 | 2.8 | 5.4 | 7.3 | 31.6% |
| Total | 49.5 | 42.6 | 71.1 | 87.4 | 20.9% |
Top Suppliers of Textiles; Worn Clothing and Other Worn Articles to Japan in 2022:
- United States (3061.6 tons)
- Thailand (1602.2 tons)
- India (785.0 tons)
- China (749.5 tons)
- South Korea (744.1 tons)
- Pakistan (711.3 tons)
- Malaysia (597.0 tons)
- France (358.8 tons)
- United Arab Emirates (328.3 tons)
- Canada (267.6 tons)
- Philippines (169.9 tons)
- Netherlands (137.8 tons)
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