Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Colombia - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Colombia (CIF) - 2024
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Colombia (FOB) - 2024
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Colombia
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Colombia
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Colombia (CIF) - 2024
In February 2024, the average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $5.8 per unit, picking up by 8.1% against the previous month. Over the period from February 2023 to February 2024, it increased at an average monthly rate of +1.5%. The growth pace was the most rapid in November 2023 when the average import price increased by 28% month-to-month. As a result, import price attained the peak level of $7.0 per unit. From December 2023 to February 2024, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Peru ($10.6 per unit), while the price for Guatemala ($3.8 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was attained by Honduras (+10.4%), 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 Colombia (FOB) - 2024
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $5.9 per unit in February 2024, dropping by -17.7% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 27% against the previous month. Over the period under review, the average export prices reached the peak figure at $7.2 per unit in January 2024, and then dropped significantly in the following month.
There were significant differences in the average prices for the major overseas markets. In February 2024, the country with the highest price was China ($14.0 per unit), while the average price for exports to Free Zones ($2.9 per unit) was amongst the lowest.
From February 2023 to February 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+10.1%), 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 Colombia
In 2022, approx. 9.9M units of t-shirts, singlets and other vests; of cotton, knitted or crocheted were imported into Colombia; growing by 2% on 2021 figures. In general, imports, however, continue to indicate a perceptible reduction. The growth pace was the most rapid in 2021 when imports increased by 36%. Over the period under review, imports of hit record highs at 11M units in 2019; however, from 2020 to 2022, imports failed to regain momentum.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted skyrocketed to $39M in 2022. Over the period under review, total imports indicated a noticeable expansion from 2019 to 2022: its value increased at an average annual rate of +3.2% 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 +65.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the near future.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.3 | 8.4 | 11.5 | 10.4 | -7.9% |
| Spain | 9.5 | 5.0 | 8.1 | 9.2 | -1.1% |
| Peru | 1.4 | 1.0 | 1.0 | 3.2 | 31.7% |
| United States | 1.1 | 0.3 | 1.4 | 2.7 | 34.9% |
| India | 0.9 | 0.5 | 1.3 | 2.4 | 38.7% |
| Hong Kong SAR | 0.8 | 0.6 | 0.7 | 2.2 | 40.1% |
| Pakistan | 1.3 | 0.8 | 0.9 | 1.0 | -8.4% |
| Turkey | 0.7 | 0.4 | 0.7 | 0.6 | -5.0% |
| Panama | 2.5 | 2.6 | N/A | N/A | 4.0% |
| Others | 3.6 | 3.5 | 4.8 | 6.9 | 24.2% |
| Total | 35.1 | 23.3 | 30.4 | 38.6 | 3.2% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Colombia in 2022:
- China (3.9M units)
- Spain (1.7M units)
- India (1.1M units)
- United States (1.1M units)
- Peru (0.4M units)
- Turkey (0.3M units)
- Pakistan (0.3M units)
- Hong Kong SAR (0.2M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Colombia
In 2022, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted from Colombia soared to 4.8M units, jumping by 19% compared with 2021 figures. In general, exports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 131%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to continue growth in the near future.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted skyrocketed to $25M in 2022. Overall, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 130%. 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 Colombia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.8 | 2.9 | 9.6 | 13.7 | 41.8% |
| Ecuador | 2.3 | 1.6 | 3.1 | 3.0 | 9.3% |
| Costa Rica | 1.2 | 1.0 | 1.3 | 1.3 | 2.7% |
| France | N/A | N/A | 0.1 | 1.1 | 1000.0% |
| Mexico | 0.5 | 0.3 | 1.0 | 1.0 | 26.0% |
| Brazil | N/A | N/A | N/A | 0.8 | 0% |
| Netherlands | 0.5 | 0.4 | 0.6 | 0.8 | 17.0% |
| Panama | 0.2 | 0.1 | 0.3 | 0.4 | 26.0% |
| Peru | 0.7 | 0.3 | 0.5 | 0.3 | -24.6% |
| Argentina | 0.6 | 0.2 | N/A | 0.2 | -30.7% |
| Others | 1.4 | 0.9 | 1.5 | 2.4 | 19.7% |
| Total | 12.2 | 7.8 | 18.0 | 25.1 | 27.2% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Colombia in 2022:
- United States (2740.6K units)
- Ecuador (646.6K units)
- Costa Rica (303.1K units)
- Mexico (204.6K units)
- France (133.1K units)
- Netherlands (130.5K units)
- Peru (95.4K units)
- Brazil (88.7K units)
- Panama (72.0K units)
- Argentina (18.3K units)
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