Price for Embroidery; in the Piece, in Strips or in Motifs in India - 2023
Contents:
- Price for Embroidery; in the Piece, in Strips or in Motifs in India (FOB) - 2022
- Price for Embroidery; in the Piece, in Strips or in Motifs in India (CIF) - 2023
- Exports of Embroidery; in the Piece, in Strips or in Motifs in India
- Imports of Embroidery; in the Piece, in Strips or in Motifs in India
Price for Embroidery; in the Piece, in Strips or in Motifs in India (FOB) - 2022
In 2022, the average export price for embroidery; in the piece, in strips or in motifses amounted to $24,066 per ton, picking up by 8.9% against the previous year. In general, the export price, however, recorded a perceptible reduction. The growth pace was the most rapid in 2016 an increase of 35%. Over the period under review, the average export prices reached the maximum at $34,497 per ton in 2019; however, from 2020 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 the United States ($87,042 per ton), while the average price for exports to the United Arab Emirates ($6,066 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 UK (+11.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Embroidery; in the Piece, in Strips or in Motifs in India (CIF) - 2023
In July 2023, the average import price for embroidery; in the piece, in strips or in motifses amounted to $4,505 per ton, jumping by 21% against the previous month. In general, the import price saw a relatively flat trend pattern. The import price peaked at $5,127 per ton in March 2023; however, from April 2023 to July 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From November 2022 to July 2023, the rate of growth in terms of prices for the United Arab Emirates amounted to +1.2% per month.
Exports of Embroidery; in the Piece, in Strips or in Motifs in India
In 2022, exports of embroidery; in the piece, in strips or in motifses from India dropped remarkably to 6.7K tons, with a decrease of -25.7% against 2021 figures. In general, exports showed a slight setback. The most prominent rate of growth was recorded in 2021 when exports increased by 35% against the previous year. As a result, the exports attained the peak of 9K tons, and then reduced notably in the following year.
In value terms, exports of embroidery; in the piece, in strips or in motifses dropped notably to $162M in 2022. Overall, exports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 when exports increased by 7.3%.
| Export of Embroidery; in the Piece, in Strips or in Motifs in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Senegal | 26.7 | 22.8 | 34.4 | 22.6 | -5.4% |
| Nigeria | 28.1 | 36.6 | 26.0 | 13.0 | -22.7% |
| United States | 12.2 | 7.4 | 10.8 | 11.7 | -1.4% |
| United Arab Emirates | 4.9 | 3.5 | 4.1 | 11.3 | 32.1% |
| Togo | 19.7 | 22.6 | 22.3 | 7.1 | -28.8% |
| Gambia | 15.0 | 17.9 | 14.9 | 4.2 | -34.6% |
| Saudi Arabia | 3.5 | 1.3 | 2.3 | 2.3 | -13.1% |
| Thailand | 3.6 | 1.9 | 1.2 | 2.3 | -13.9% |
| Afghanistan | 6.4 | 2.9 | 7.5 | 0.4 | -60.3% |
| Others | 124 | 69.3 | 76.3 | 86.8 | -11.2% |
| Total | 244 | 186 | 200 | 162 | -12.8% |
Top Export Markets for Embroidery; in the Piece, in Strips or in Motifs from India in 2022:
- United Arab Emirates (1857.0 tons)
- Senegal (1562.0 tons)
- Nigeria (757.9 tons)
- Togo (650.9 tons)
- Saudi Arabia (302.9 tons)
- Gambia (286.8 tons)
- Thailand (171.5 tons)
- United States (134.2 tons)
- Afghanistan (22.0 tons)
Imports of Embroidery; in the Piece, in Strips or in Motifs in India
In 2022, the amount of embroidery; in the piece, in strips or in motifses imported into India skyrocketed to 2.9K tons, rising by 57% against 2021 figures. Over the period under review, imports saw resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 101%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of embroidery; in the piece, in strips or in motifses skyrocketed to $11M in 2022. Overall, imports enjoyed a temperate increase. The pace of growth was the most pronounced in 2021 when imports increased by 68%. Over the period under review, imports of embroidery; in piece, in strips or in motifses hit record highs in 2022 and are expected to retain growth in the immediate term.
| Import of Embroidery; in the Piece, in Strips or in Motifs in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 8.2 | 3.7 | 7.1 | 10.0 | 6.8% |
| Hong Kong SAR | 0.7 | 0.4 | 1.2 | 0.8 | 4.6% |
| United Arab Emirates | 0.3 | 0.5 | 0.2 | 0.2 | -12.6% |
| Others | 1.3 | 0.8 | 0.5 | 0.4 | -32.5% |
| Total | 10.5 | 5.4 | 9.1 | 11.5 | 3.1% |
Top Suppliers of Embroidery; in the Piece, in Strips or in Motifs to India in 2022:
- China (2787.1 tons)
- Hong Kong SAR (57.3 tons)
- United Arab Emirates (35.2 tons)
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