Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Belgium - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Belgium (CIF) - 2022
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Belgium (FOB) - 2022
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Belgium
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Belgium
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Belgium (CIF) - 2022
The average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $3.3 per unit in 2022, dropping by -10.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The pace of growth was the most pronounced in 2020 when the average import price increased by 20% against the previous year. As a result, import price attained the peak level of $3.7 per unit. From 2021 to 2022, the average import prices remained at a somewhat lower figure.
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 China ($6.2 per unit), while the price for Nicaragua ($1.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Belgium (FOB) - 2022
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $4.8 per unit in 2022, which is down by -5.3% against the previous year. Overall, the export price, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2020 an increase of 72%. The export price peaked at $5.1 per unit in 2021, and then declined in the following year.
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 the Netherlands ($6.3 per unit), while the average price for exports to Hungary ($2.3 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 Poland (+9.3%), 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 Belgium
For the fourth year in a row, Belgium recorded growth in supplies from abroad of t-shirts, singlets and other vests; of cotton, knitted or crocheted, which increased by 22% to 279M units in 2022. Overall, total imports indicated a significant expansion from 2019 to 2022: its volume increased at an average annual rate of +22.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +83.4% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 38% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted rose sharply to $934M in 2022. Over the period under review, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +25.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.9% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 66%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 116 | 129 | 161 | 259 | 30.7% |
| Germany | 86.1 | 124 | 142 | 122 | 12.3% |
| Netherlands | 61.5 | 59.5 | 73.5 | 69.2 | 4.0% |
| Turkey | 8.5 | 59.9 | 77.4 | 66.4 | 98.4% |
| India | 7.0 | 36.1 | 40.9 | 63.2 | 108.2% |
| France | 116 | 127 | 120 | 50.1 | -24.4% |
| China | 6.2 | 43.7 | 38.1 | 46.1 | 95.2% |
| Cambodia | 0.7 | 31.4 | 23.4 | 37.5 | 277.0% |
| Vietnam | 0.3 | 11.5 | 30.3 | 33.3 | 380.6% |
| Egypt | 0.4 | 18.8 | 16.7 | 21.0 | 274.4% |
| Sri Lanka | 2.2 | 5.6 | 6.3 | 20.2 | 109.4% |
| Spain | 15.1 | 16.8 | 17.0 | 18.1 | 6.2% |
| Nicaragua | 0.1 | 5.3 | 4.4 | 11.4 | 384.9% |
| Others | 54.4 | 121 | 108 | 117 | 29.1% |
| Total | 475 | 789 | 858 | 934 | 25.3% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Belgium in 2022:
- Bangladesh (130.4M units)
- Germany (24.4M units)
- India (20.8M units)
- Netherlands (16.3M units)
- Turkey (12.7M units)
- Cambodia (8.7M units)
- France (8.5M units)
- Sri Lanka (8.4M units)
- China (7.5M units)
- Vietnam (6.5M units)
- Nicaragua (6.4M units)
- Spain (4.5M units)
- Egypt (4.3M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Belgium
In 2022, approx. 190M units of t-shirts, singlets and other vests; of cotton, knitted or crocheted were exported from Belgium; growing by 12% compared with the year before. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 148%. The exports peaked in 2022 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 totaled $920M in 2022. Over the period under review, exports showed significant growth. The growth pace was the most rapid in 2020 with an increase of 326%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Belgium (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 30.8 | 169 | 202 | 219 | 92.3% |
| Germany | 43.2 | 146 | 180 | 209 | 69.1% |
| Italy | 14.9 | 53.8 | 79.1 | 88.3 | 81.0% |
| Spain | 13.3 | 47.6 | 65.0 | 79.5 | 81.5% |
| Netherlands | 16.5 | 46.6 | 59.7 | 64.8 | 57.8% |
| Poland | 7.8 | 30.8 | 38.9 | 39.0 | 71.0% |
| Hungary | 1.3 | 20.3 | 26.7 | 22.2 | 157.5% |
| Austria | 6.2 | 11.6 | 16.6 | 20.2 | 48.2% |
| United Kingdom | 8.8 | 102 | 50.6 | 19.2 | 29.7% |
| Greece | 4.6 | 12.5 | 17.6 | 17.4 | 55.8% |
| Portugal | 1.7 | 5.7 | 7.2 | 10.6 | 84.1% |
| Bulgaria | 1.2 | 3.6 | 7.6 | 9.4 | 98.6% |
| Others | 22.8 | 87.0 | 116 | 121 | 74.4% |
| Total | 173 | 737 | 867 | 920 | 74.5% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Belgium in 2022:
- France (51.2M units)
- Germany (44.9M units)
- Italy (17.6M units)
- Spain (14.3M units)
- Netherlands (10.3M units)
- Hungary (9.8M units)
- Poland (7.5M units)
- Austria (4.4M units)
- Greece (4.0M units)
- United Kingdom (3.9M units)
- Bulgaria (3.6M units)
- Portugal (3.1M units)
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