Price for Textiles; Worn Clothing and Other Worn Articles in Australia - 2024

Contents:

1. Price for Textiles; Worn Clothing and Other Worn Articles in Australia (FOB) - 2024
2. Price for Textiles; Worn Clothing and Other Worn Articles in Australia (CIF) - 2022
3. Exports of Textiles; Worn Clothing and Other Worn Articles in Australia
4. Imports of Textiles; Worn Clothing and Other Worn Articles in Australia

Price for Textiles; Worn Clothing and Other Worn Articles in Australia (FOB) - 2024

The average export price for textiles; worn clothing and other worn articleses stood at $608 per ton in January 2024, therefore, remained relatively stable against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 6.4% m-o-m. Over the period under review, the average export prices reached the peak figure at $645 per ton in July 2023; however, from August 2023 to January 2024, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was Papua New Guinea ($1,232 per ton), while the average price for exports to India ($426 per ton) was amongst the lowest.

From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to India (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for textiles; worn clothing and other worn articleses amounted to $1,312 per ton, growing by 4.8% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for textiles; worn clothing and other worn articleses increased by +27.0% against 2020 indices. The pace of growth appeared the most rapid in 2016 when the average import price increased by 65%. Over the period under review, average import prices hit record highs at $1,325 per ton in 2018; afterwards, it flattened through to 2022.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Malaysia ($1,313 per ton) and the Netherlands ($1,313 per ton), while the price for France ($1,312 per ton) and Canada ($1,312 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

Exports of textiles; worn clothing and other worn articleses from Australia reached 110K tons in 2022, picking up by 5.6% compared with 2021 figures. The total export volume increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 19%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of textiles; worn clothing and other worn articleses expanded slightly to $65M in 2022. The total export value increased at an average annual rate of +3.6% from 2019 to 2022; 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 28% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in years to come.

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

1. United Arab Emirates (71.6K tons)
2. Pakistan (13.2K tons)
3. Malaysia (13.1K tons)
4. Papua New Guinea (6.1K tons)
5. India (1.4K tons)

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

In 2022, supplies from abroad of textiles; worn clothing and other worn articleses decreased by -15.6% to 3.4K tons, falling for the second year in a row after two years of growth. In general, imports, however, posted strong growth. The growth pace was the most rapid in 2020 when imports increased by 129%. As a result, imports reached the peak of 5.1K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of textiles; worn clothing and other worn articleses contracted to $4.5M in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 121%. As a result, imports attained the peak of $5.3M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. United States (854.2 tons)
2. United Arab Emirates (750.7 tons)
3. France (699.5 tons)
4. Pakistan (322.5 tons)
5. India (178.5 tons)
6. Thailand (168.4 tons)
7. Canada (131.2 tons)
8. Honduras (79.9 tons)
9. United Kingdom (77.2 tons)
10. Italy (66.9 tons)

Source: IndexBox Market Intelligence Platform