Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ecuador - 2022
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ecuador (CIF) - 2022
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ecuador (FOB) - 2022
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ecuador
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ecuador
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ecuador (CIF) - 2022
In 2022, the average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $3.7 per unit, which is down by -24.4% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The growth pace was the most rapid in 2019 when the average import price increased by 15%. Over the period under review, average import prices hit record highs at $5.7 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($5.9 per unit), while the price for Pakistan ($3.5 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+2.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ecuador (FOB) - 2022
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $4.5 per unit in 2022, with a decrease of -32.6% against the previous year. Over the period under review, the export price continues to indicate a slight slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by 51%. Over the period under review, the average export prices attained the peak figure at $7.7 per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Peru ($4.5 per unit) and Colombia ($4.5 per unit), while the average price for exports to Costa Rica ($4.5 per unit) and Switzerland ($4.5 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-1.1%), while the prices for the other major destinations experienced a decline.
Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ecuador
Imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted into Ecuador skyrocketed to 4.3M units in 2022, increasing by 39% on 2021 figures. Overall, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 83% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted expanded sharply to $16M in 2022. Over the period under review, total imports indicated noticeable growth from 2019 to 2022: its value increased at an average annual rate of +4.9% 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 +71.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ecuador (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 2.8 | 2.0 | 3.2 | 3.6 | 8.7% |
| Peru | 2.0 | 1.2 | 2.2 | 2.5 | 7.7% |
| Colombia | 2.3 | 1.6 | 3.2 | 2.4 | 1.4% |
| China | 1.8 | 1.1 | 1.7 | 1.7 | -1.9% |
| Turkey | 1.0 | 0.8 | 1.2 | 1.2 | 6.3% |
| India | 0.7 | 0.4 | 0.7 | 1.1 | 16.3% |
| Pakistan | 0.5 | 0.3 | 0.5 | 0.5 | 0.0% |
| Vietnam | 0.5 | 0.4 | 0.7 | 0.5 | 0.0% |
| Brazil | 0.1 | 0.1 | 0.2 | 0.4 | 58.7% |
| Portugal | 0.8 | 0.5 | 0.6 | 0.4 | -20.6% |
| Others | 1.4 | 1.0 | 1.4 | 1.7 | 6.7% |
| Total | 14.0 | 9.4 | 15.4 | 16.2 | 5.0% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Ecuador in 2022:
- Bangladesh (1037.7K units)
- Peru (712.1K units)
- Colombia (683.7K units)
- China (489.4K units)
- Turkey (351.2K units)
- India (191.9K units)
- Vietnam (149.4K units)
- Pakistan (137.1K units)
- Brazil (121.6K units)
- Portugal (73.4K units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ecuador
In 2022, the amount of t-shirts, singlets and other vests; of cotton, knitted or crocheted exported from Ecuador skyrocketed to 275K units, with an increase of 72% compared with the year before. Overall, exports saw a buoyant increase. 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 $1.2M in 2022. In general, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +10.9% 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 +85.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 60% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ecuador (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 652 | 357 | 531 | 848 | 9.2% |
| Switzerland | 206 | 129 | 85.9 | 176 | -5.1% |
| Costa Rica | 4.6 | 21.5 | 47.9 | 62.2 | 138.2% |
| Colombia | 24.2 | 68.4 | 223 | 44.8 | 22.8% |
| Curacao | N/A | 58.2 | 72.9 | 41.9 | -15.2% |
| Others | 17.9 | 29.0 | 102 | 59.6 | 49.3% |
| Total | 905 | 663 | 1,062 | 1,233 | 10.9% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Ecuador in 2022:
- Germany (189.2K units)
- Switzerland (39.3K units)
- Costa Rica (13.9K units)
- Colombia (10.0K units)
- Curacao (9.4K units)
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