Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Hong Kong SAR - 2023
Contents:
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Hong Kong SAR (CIF) - 2022
- Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Hong Kong SAR (FOB) - 2023
- Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Hong Kong SAR
- Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Hong Kong SAR
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Hong Kong SAR (CIF) - 2022
In 2022, the average import price for articles of apparel, clothing accessories and other articles of furskin amounted to $474 per unit, shrinking by -3.2% against the previous year. Over the period under review, the import price recorded a perceptible slump. The most prominent rate of growth was recorded in 2019 an increase of 19% against the previous year. Over the period under review, average import prices reached the peak figure at $657 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Italy ($734 per unit), while the price for China ($447 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+11.7%), while the prices for the other major suppliers experienced a decline.
Price for Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Hong Kong SAR (FOB) - 2023
The average export price for articles of apparel, clothing accessories and other articles of furskin stood at $1,072 per unit in November 2023, dropping by -20.3% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 35% m-o-m. As a result, the export price attained the peak level of $1,449 per unit; afterwards, it flattened through to November 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Uzbekistan ($1,198 per unit), while the average price for exports to Greece ($644 per unit) 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 China (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in supplies from abroad of articles of apparel, clothing accessories and other articles of furskin, which decreased by -17.8% to 171K units in 2022. Over the period under review, imports recorded a dramatic shrinkage. Over the period under review, imports of hit record highs at 503K units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of articles of apparel, clothing accessories and other articles of furskin dropped notably to $81M in 2022. In general, imports recorded a dramatic descent. Imports peaked at $263M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 228 | 112 | 86.3 | 66.7 | -33.6% |
| Italy | 17.1 | 5.5 | 5.6 | 5.4 | -31.9% |
| France | 6.6 | 5.7 | 5.7 | 4.6 | -11.3% |
| Others | 11.5 | 5.9 | 4.5 | 4.4 | -27.4% |
| Total | 263 | 129 | 102 | 81.1 | -32.4% |
Top Suppliers of Articles of Apparel, Clothing Accessories and Other Articles of Furskin to Hong Kong SAR in 2022:
- China (149.3K units)
- France (8.7K units)
- Italy (7.3K units)
Exports of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Hong Kong SAR
For the third consecutive year, Hong Kong SAR recorded decline in overseas shipments of articles of apparel, clothing accessories and other articles of furskin, which decreased by -25.9% to 27K units in 2022. Over the period under review, exports faced a precipitous contraction. The exports peaked at 123K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of articles of apparel, clothing accessories and other articles of furskin shrank notably to $30M in 2022. Overall, exports recorded a precipitous contraction. The smallest decline of -12.5% was in 2021. Over the period under review, the exports of reached the peak figure at $138M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Articles of Apparel, Clothing Accessories and Other Articles of Furskin in Hong Kong SAR (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 20.3 | 8.7 | 11.5 | 9.0 | -23.7% |
| China | 6.4 | 6.8 | 4.6 | 4.3 | -12.4% |
| United States | 11.3 | 4.1 | 4.2 | 4.2 | -28.1% |
| Japan | 7.6 | 3.4 | 2.2 | 1.8 | -38.1% |
| Macao SAR | 2.6 | 2.9 | 2.8 | 1.7 | -13.2% |
| Uzbekistan | N/A | N/A | N/A | 1.6 | 0% |
| Russia | 22.8 | 7.5 | 7.9 | 1.6 | -58.8% |
| Canada | 36.0 | 13.9 | 11.9 | 0.5 | -76.0% |
| Italy | 7.4 | 3.6 | 1.1 | 0.5 | -59.3% |
| Others | 23.9 | 7.7 | 5.1 | 4.4 | -43.1% |
| Total | 138 | 58.6 | 51.2 | 29.6 | -40.1% |
Top Export Markets for Articles of Apparel, Clothing Accessories and Other Articles of Furskin from Hong Kong SAR in 2022:
- South Korea (8.3K units)
- China (4.0K units)
- United States (3.9K units)
- Japan (1.7K units)
- Macao SAR (1.6K units)
- Uzbekistan (1.5K units)
- Russia (1.4K units)
- Canada (0.5K units)
- Italy (0.4K units)
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