Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Bangladesh - 2022

Contents:

1. Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Bangladesh (FOB) - 2022
2. Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Bangladesh (CIF) - 2022
3. Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Bangladesh
4. Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Bangladesh

Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Bangladesh (FOB) - 2022

In 2022, the average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $2.6 per unit, increasing by 13% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The growth pace was the most rapid in 2014 an increase of 47%. As a result, the export price attained the peak level of $2.8 per unit. From 2015 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($3.1 per unit), while the average price for exports to India ($975 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Bangladesh (CIF) - 2022

The average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $4.9 per unit in 2022, rising by 13% against the previous year. Overall, import price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.3% 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 t-shirts, singlets and other vests; of cotton, knitted or crocheted increased by +90.0% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 44% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($63 per unit), while the price for Thailand ($1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+28.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Bangladesh

In 2022, approx. 3.1B units of t-shirts, singlets and other vests; of cotton, knitted or crocheted were exported from Bangladesh; with an increase of 13% against the year before. The total export volume increased at an average annual rate of +4.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 19% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted soared to $8.2B in 2022. In general, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 +61.6% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Bangladesh in 2022:

1. Germany (505.5M units)
2. Spain (346.7M units)
3. United States (329.5M units)
4. United Kingdom (267.6M units)
5. Poland (245.3M units)
6. France (211.5M units)
7. Italy (138.8M units)
8. Netherlands (97.5M units)
9. Australia (83.1M units)
10. Czech Republic (74.4M units)
11. Canada (73.4M units)
12. Denmark (72.4M units)
13. India (71.3M units)

Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Bangladesh

For the fourth year in a row, Bangladesh recorded growth in supplies from abroad of t-shirts, singlets and other vests; of cotton, knitted or crocheted, which increased by 105% to 3.1M units in 2022. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted surged to $15M in 2022. Over the period under review, imports recorded a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Bangladesh in 2022:

1. United Kingdom (1254.4K units)
2. United Arab Emirates (1094.7K units)
3. China (667.7K units)
4. Thailand (48.7K units)
5. Hong Kong SAR (1.7K units)

Source: IndexBox Market Intelligence Platform