Price for Clothing; Parts, Knitted or Crocheted in the UK - 2023

Contents:

1. Price for Clothing; Parts, Knitted or Crocheted in the UK (CIF) - 2022
2. Price for Clothing; Parts, Knitted or Crocheted in the UK (FOB) - 2022
3. Imports of Clothing; Parts, Knitted or Crocheted in the UK
4. Exports of Clothing; Parts, Knitted or Crocheted in the UK

Price for Clothing; Parts, Knitted or Crocheted in the UK (CIF) - 2022

In 2022, the average import price for clothing; parts, knitted or crocheted amounted to $30,322 per ton, rising by 13% against the previous year. Overall, the import price, however, recorded a noticeable reduction. The pace of growth appeared the most rapid in 2017 when the average import price increased by 32%. The import price peaked at $38,667 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Italy ($78,075 per ton), while the price for Pakistan ($8,599 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Clothing; Parts, Knitted or Crocheted in the UK (FOB) - 2022

The average export price for clothing; parts, knitted or crocheted stood at $32,305 per ton in 2022, picking up by 12% against the previous year. In general, the export price, however, continues to indicate a mild reduction. The pace of growth was the most pronounced in 2016 an increase of 224%. Over the period under review, the average export prices reached the maximum at $43,423 per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($105,218 per ton), while the average price for exports to Hungary ($5,666 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 the Netherlands (+10.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Clothing; Parts, Knitted or Crocheted in the UK

In 2022, after two years of decline, there was significant growth in overseas purchases of clothing; parts, knitted or crocheted, when their volume increased by 22% to 94 tons. In general, imports, however, continue to indicate a abrupt decrease.

In value terms, clothing; parts, knitted or crocheted imports soared to $2.8M in 2022. Over the period under review, imports, however, recorded a abrupt curtailment.

Top Suppliers of Clothing; Parts, Knitted or Crocheted to the UK in 2022:

1. China (42.6 tons)
2. Sri Lanka (9.6 tons)
3. Italy (9.3 tons)
4. Pakistan (7.7 tons)
5. Turkey (5.1 tons)
6. Portugal (3.8 tons)
7. Denmark (3.2 tons)
8. Ireland (1.8 tons)
9. India (1.2 tons)
10. Hong Kong SAR (1.0 tons)

Exports of Clothing; Parts, Knitted or Crocheted in the UK

In 2022, approx. 136 tons of clothing; parts, knitted or crocheted were exported from the UK; with an increase of 211% on the year before. Overall, exports enjoyed prominent growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, clothing; parts, knitted or crocheted exports soared to $4.4M in 2022. Over the period under review, exports enjoyed a buoyant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Clothing; Parts, Knitted or Crocheted from the UK in 2022:

1. Hong Kong SAR (107.4 tons)
2. Hungary (10.0 tons)
3. United Arab Emirates (3.4 tons)
4. France (2.3 tons)
5. United States (2.2 tons)
6. Netherlands (2.1 tons)
7. Canada (0.4 tons)
8. Germany (0.4 tons)
9. Ireland (0.1 tons)

Source: IndexBox Market Intelligence Platform