Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Singapore - 2023
Contents:
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Singapore (CIF) - 2022
- Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Singapore (FOB) - 2022
- Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Singapore
- Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Singapore
Price for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Singapore (CIF) - 2022
The average import price for articles of apparel and clothing accessories, of leather or of composition leather stood at $52 per unit in 2022, rising by 11% against the previous year. Overall, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.9% 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 articles of apparel and clothing accessories, of leather or of composition leather increased by +64.0% against 2016 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
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 ($68 per unit), while the price for Pakistan ($18 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+9.5%), 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 Singapore (FOB) - 2022
The average export price for articles of apparel and clothing accessories, of leather or of composition leather stood at $53 per unit in 2022, reducing by -10.9% against the previous year. In general, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2017 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices reached the peak figure at $146 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($75 per unit), while the average price for exports to Indonesia ($35 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (-8.7%), while the prices for the other major destinations experienced a decline.
Imports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Singapore
In 2022, the amount of articles of apparel and clothing accessories, of leather or of composition leather imported into Singapore soared to 1.8M units, with an increase of 16% against the year before. In general, imports, however, continue to indicate a deep reduction. Imports peaked at 2.5M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of articles of apparel and clothing accessories, of leather or of composition leather skyrocketed to $93M in 2022. Over the period under review, imports, however, saw a slight slump. Over the period under review, imports of reached the maximum at $96M in 2019; however, from 2020 to 2022, imports failed to regain momentum.
| Import of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 40.3 | 26.9 | 25.8 | 37.7 | -2.2% |
| Italy | 19.6 | 12.9 | 15.8 | 22.9 | 5.3% |
| China | 9.2 | 7.6 | 7.6 | 8.0 | -4.6% |
| France | 8.6 | 5.3 | 5.4 | 7.3 | -5.3% |
| India | 2.8 | 1.6 | 4.3 | 5.0 | 21.3% |
| Pakistan | 2.3 | 2.2 | 2.7 | 2.8 | 6.8% |
| Indonesia | 1.8 | 0.4 | 1.6 | 2.1 | 5.3% |
| Thailand | 1.7 | 1.0 | 1.9 | 1.3 | -8.6% |
| United States | 1.2 | 0.6 | 0.6 | 0.9 | -9.1% |
| Malaysia | 0.6 | 1.0 | 1.9 | 0.7 | 5.3% |
| United Arab Emirates | 2.0 | N/A | 0.1 | N/A | -77.6% |
| Others | 5.7 | 4.8 | 4.1 | 4.2 | -9.7% |
| Total | 95.8 | 64.2 | 71.9 | 93.0 | -1.0% |
Top Suppliers of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather to Singapore in 2022:
- Spain (602.3K units)
- Italy (338.4K units)
- China (263.2K units)
- Pakistan (152.6K units)
- France (112.1K units)
- India (86.6K units)
- Thailand (43.8K units)
- Indonesia (42.3K units)
- Malaysia (21.7K units)
- United States (19.5K units)
Exports of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Singapore
Exports of articles of apparel and clothing accessories, of leather or of composition leather from Singapore skyrocketed to 1.3M units in 2022, with an increase of 58% on the year before. In general, exports enjoyed a strong increase. 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 skyrocketed to $67M in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +5.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.0% against 2020 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 15.8 | 6.8 | 10.0 | 15.3 | -1.1% |
| Thailand | 4.2 | 2.5 | 3.9 | 9.0 | 28.9% |
| Australia | 6.8 | 4.4 | 5.8 | 8.2 | 6.4% |
| Indonesia | 5.7 | 4.8 | 6.9 | 7.6 | 10.1% |
| Malaysia | 6.1 | 4.7 | 4.1 | 6.3 | 1.1% |
| Vietnam | 1.6 | 1.4 | 2.9 | 4.4 | 40.1% |
| Philippines | 1.9 | 1.1 | 1.8 | 2.8 | 13.8% |
| India | 0.9 | 0.6 | 1.9 | 2.2 | 34.7% |
| Qatar | 0.5 | 0.4 | 0.5 | 1.6 | 47.4% |
| Taiwan (Chinese) | N/A | 0.5 | 1.2 | 1.6 | 78.9% |
| South Korea | 7.2 | 5.5 | 1.2 | 1.4 | -42.1% |
| Hong Kong SAR | 1.7 | 3.0 | 2.5 | 1.1 | -13.5% |
| Others | 5.4 | 4.0 | 5.1 | 5.7 | 1.8% |
| Total | 57.9 | 39.7 | 47.8 | 67.4 | 5.2% |
Top Export Markets for Articles of Apparel and Clothing Accessories, of Leather or of Composition Leather from Singapore in 2022:
- Japan (243.9K units)
- Indonesia (218.2K units)
- Thailand (159.6K units)
- Australia (142.6K units)
- Malaysia (121.3K units)
- Vietnam (78.8K units)
- Philippines (52.3K units)
- India (39.7K units)
- Hong Kong SAR (28.5K units)
- Qatar (28.3K units)
- South Korea (22.4K units)
- Taiwan (Chinese) (21.3K units)
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