Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Australia - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Australia (CIF) - 2024
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Australia (FOB) - 2022
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Australia
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Australia
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Australia (CIF) - 2024
The average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $3.6 per unit in June 2024, increasing by 7.4% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 an increase of 12% against the previous month. Over the period under review, average import prices reached the maximum at $3.8 per unit in June 2023; however, from July 2023 to June 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2024, the country with the highest price was Vietnam ($4.8 per unit), while the price for Bangladesh ($2.5 per unit) was amongst the lowest.
From June 2023 to June 2024, the most notable rate of growth in terms of prices was attained by India (+0.4%), while the prices for the other major suppliers experienced a decline.
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Australia (FOB) - 2022
In 2022, the average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $9.1 per unit, picking up by 15% against the previous year. Overall, the export price, however, showed a pronounced decrease. The export price peaked at $11 per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($19 per unit), while the average price for exports to China ($1.8 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 Singapore (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Australia
In 2022, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted into Australia rose slightly to 188M units, with an increase of 2.7% against the year before. The total import volume increased at an average annual rate of +3.1% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 14% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted expanded significantly to $673M in 2022. The total import value increased at an average annual rate of +8.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 27%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in the near future.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 210 | 196 | 252 | 269 | 8.6% |
| Bangladesh | 165 | 158 | 190 | 226 | 11.1% |
| India | 37.4 | 33.8 | 50.9 | 60.9 | 17.6% |
| Vietnam | 17.0 | 16.1 | 30.4 | 32.7 | 24.4% |
| Others | 91.9 | 67.6 | 75.1 | 84.3 | -2.8% |
| Total | 521 | 471 | 598 | 673 | 8.9% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Australia in 2022:
- Bangladesh (84.6M units)
- China (62.0M units)
- India (21.7M units)
- Vietnam (6.0M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Australia
For the fourth consecutive year, Australia recorded growth in shipments abroad of t-shirts, singlets and other vests; of cotton, knitted or crocheted, which increased by 75% to 1.9M units in 2022. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted soared to $17M in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| New Zealand | 4,496 | 3,109 | 4,148 | 9,421 | 28.0% |
| Singapore | 300 | 1,015 | 814 | 789 | 38.0% |
| United States | 418 | 234 | 539 | 773 | 22.7% |
| United Arab Emirates | 135 | 307 | 111 | 604 | 64.8% |
| India | 3.0 | 0.1 | 195 | 523 | 458.6% |
| New Caledonia | 78.5 | 91.5 | 220 | 489 | 84.0% |
| Thailand | 20.3 | 52.8 | 148 | 486 | 188.2% |
| Fiji | 39.7 | 26.6 | 99.6 | 377 | 111.8% |
| United Kingdom | 274 | 202 | 159 | 368 | 10.3% |
| Papua New Guinea | 238 | 668 | 242 | 232 | -0.8% |
| Taiwan (Chinese) | 26.7 | 116 | 163 | 179 | 88.6% |
| Venezuela | N/A | N/A | N/A | 93.7 | 0% |
| China | 77.8 | 400 | 462 | 37.8 | -21.4% |
| Others | 1,799 | 1,969 | 1,370 | 2,972 | 18.2% |
| Total | 7,907 | 8,192 | 8,671 | 17,345 | 29.9% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Australia in 2022:
- New Zealand (1107.3K units)
- India (106.8K units)
- Fiji (99.5K units)
- United States (66.1K units)
- Taiwan (Chinese) (58.0K units)
- New Caledonia (53.1K units)
- United Arab Emirates (52.7K units)
- Venezuela (47.9K units)
- Singapore (40.5K units)
- United Kingdom (37.3K units)
- Thailand (36.8K units)
- China (21.5K units)
- Papua New Guinea (20.0K units)
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