Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Canada - 2024
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Canada (CIF) - 2022
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Canada (FOB) - 2024
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Canada
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Canada
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Canada (CIF) - 2022
In 2022, the average import price for articles of apparel and clothing accessories, of leather or of composition leather amounted to $11 per unit, leveling off at the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the average import price increased by 24%. As a result, import price attained the peak level of $14 per unit. From 2019 to 2022, the average 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 Vietnam ($11 per unit), while the price for Cambodia ($4.1 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+0.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Canada (FOB) - 2024
The average export price for articles of apparel and clothing accessories, of leather or of composition leather stood at $38.8 per unit in January 2024, approximately reflecting the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in May 2023 an increase of 2,943% m-o-m. The export price peaked at $1,288 per unit in August 2023; however, from September 2023 to January 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In January 2024, the country with the highest price was South Korea ($102 per unit), while the average price for exports to the United States totaled $34.2 per unit.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+1.1%).
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Canada
In 2022, approx. 24M units of articles of apparel and clothing accessories, of leather or of composition leather were imported into Canada; jumping by 42% compared with 2021 figures. In general, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +8.2% 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 +56.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather surged to $260M in 2022. Over the period under review, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.4% 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 +51.2% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 81.1 | 61.5 | 55.6 | 83.1 | 0.8% |
| Pakistan | 34.0 | 37.8 | 39.7 | 54.3 | 16.9% |
| Italy | 25.4 | 18.4 | 22.0 | 26.3 | 1.2% |
| India | 16.9 | 11.5 | 13.7 | 20.0 | 5.8% |
| Indonesia | 8.8 | 6.6 | 9.3 | 12.6 | 12.7% |
| Vietnam | 5.9 | 5.1 | 5.5 | 9.6 | 17.6% |
| United States | 6.8 | 4.7 | 6.1 | 6.9 | 0.5% |
| Spain | 4.9 | 4.4 | 5.9 | 6.5 | 9.9% |
| Cambodia | 1.0 | 1.2 | 3.3 | 5.4 | 75.4% |
| France | 3.1 | 2.4 | 3.1 | 5.2 | 18.8% |
| Bangladesh | 3.3 | 3.5 | 2.8 | 4.0 | 6.6% |
| Others | 18.4 | 14.9 | 17.2 | 26.2 | 12.5% |
| Total | 210 | 172 | 184 | 260 | 7.4% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Canada in 2022:
- China (7.4M units)
- Pakistan (4.8M units)
- Italy (2.3M units)
- India (1.8M units)
- Cambodia (1.3M units)
- Indonesia (1.1M units)
- Vietnam (0.9M units)
- United States (0.6M units)
- Spain (0.6M units)
- France (0.5M units)
- Bangladesh (0.4M units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Canada
Exports of articles of apparel and clothing accessories, of leather or of composition leather from Canada surged to 789K units in 2022, growing by 120% against the previous year. Overall, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of articles of apparel and clothing accessories, of leather or of composition leather reached $42M in 2022. The total export value increased at an average annual rate of +10.9% 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 when exports increased by 21% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 28.2 | 27.9 | 29.5 | 38.6 | 11.0% |
| Others | 2.5 | 3.5 | 8.3 | 3.1 | 7.4% |
| Total | 30.6 | 31.4 | 37.9 | 41.7 | 10.9% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Canada in 2022:
- United States (765.8K units)
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