Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Egypt - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Egypt (FOB) - 2022
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Egypt (CIF) - 2022
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Egypt
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Egypt
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Egypt (FOB) - 2022
In 2022, the average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $4.5 per unit, shrinking by -5.5% against the previous year. Overall, the export price continues to indicate a mild slump. The pace of growth appeared the most rapid in 2015 when the average export price increased by 27% against the previous year. Over the period under review, the average export prices hit record highs at $5.5 per unit in 2012; however, from 2013 to 2022, the export prices remained at a 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 the United Arab Emirates ($4.5 per unit) and South Africa ($4.5 per unit), while the average price for exports to the UK ($4.5 per unit) and Italy ($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 the United Arab Emirates (-1.9%), while the prices for the other major destinations experienced a decline.
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Egypt (CIF) - 2022
The average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $7 per unit in 2022, increasing by 21% against the previous year. Overall, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.7% 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 +63.9% against 2017 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($7 per unit) and India ($7 per unit), while the price for China ($7 per unit) and Turkey ($7 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+3.7%), 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 Egypt
For the fourth consecutive year, Egypt recorded growth in overseas shipments of t-shirts, singlets and other vests; of cotton, knitted or crocheted, which increased by 31% to 80M units in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 111% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in years to come.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted skyrocketed to $358M in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 106%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 7.5 | 19.0 | 93.0 | 184 | 190.6% |
| United States | 49.7 | 55.2 | 138 | 88.2 | 21.1% |
| South Africa | 0.2 | N/A | N/A | 15.1 | 322.7% |
| Saudi Arabia | 9.4 | 5.9 | 5.5 | 11.4 | 6.6% |
| Turkey | 1.5 | 3.7 | 5.1 | 10.1 | 88.8% |
| Germany | 7.9 | 10.8 | 10.3 | 8.4 | 2.1% |
| France | 6.1 | 6.2 | 7.3 | 8.3 | 10.8% |
| Spain | 11.1 | 7.0 | 6.6 | 6.1 | -18.1% |
| Italy | 5.7 | 15.4 | 1.8 | 1.5 | -35.9% |
| Others | 22.0 | 17.6 | 22.6 | 25.6 | 5.2% |
| Total | 121 | 141 | 291 | 358 | 43.6% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Egypt in 2022:
- United Arab Emirates (41.0M units)
- United States (19.7M units)
- South Africa (3.4M units)
- Saudi Arabia (2.5M units)
- Turkey (2.3M units)
- France (1.9M units)
- Germany (1.9M units)
- Spain (1.4M units)
- Italy (0.3M units)
Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Egypt
In 2022, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted into Egypt expanded significantly to 4.2M units, with an increase of 13% against the previous year. Overall, imports, however, recorded a deep reduction. The pace of growth was the most pronounced in 2021 when imports increased by 17% against the previous year. Over the period under review, imports of reached the peak figure at 5M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted skyrocketed to $29M in 2022. Over the period under review, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +10.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +82.7% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Egypt (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 18.0 | 13.8 | 17.1 | 21.3 | 5.8% |
| Bangladesh | 1.3 | 1.1 | 2.9 | 1.9 | 13.5% |
| Turkey | 0.3 | 0.2 | 0.1 | 1.5 | 71.0% |
| Italy | 0.3 | 0.2 | 0.2 | 1.2 | 58.7% |
| Saudi Arabia | 0.2 | N/A | 0.3 | 0.7 | 51.8% |
| India | 0.4 | 0.1 | 0.1 | 0.5 | 7.7% |
| Vietnam | 0.4 | N/A | 0.1 | 0.5 | 7.7% |
| Others | 0.5 | 0.6 | 0.6 | 1.6 | 47.4% |
| Total | 21.5 | 16.0 | 21.3 | 29.2 | 10.7% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Egypt in 2022:
- China (3047.7K units)
- Bangladesh (269.6K units)
- Turkey (218.6K units)
- Italy (174.4K units)
- Saudi Arabia (104.0K units)
- Vietnam (75.1K units)
- India (74.0K units)
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