Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ethiopia - 2022
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ethiopia (FOB) - 2022
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ethiopia (CIF) - 2022
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ethiopia
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ethiopia
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ethiopia (FOB) - 2022
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $2.4 per unit in 2022, with an increase of 4.6% against the previous year. In general, the export price, however, continues to indicate a perceptible downturn. The pace of growth appeared the most rapid in 2014 when the average export price increased by 12%. Over the period under review, the average export prices hit record highs at $3.5 per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 Austria ($7 per unit), while the average price for exports to Spain ($1.8 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 the UK (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ethiopia (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, falling by -42.6% against the previous year. Overall, the import price recorded a mild reduction. The pace of growth was the most pronounced in 2014 when the average import price increased by 92%. The import price peaked at $5.8 per unit in 2021, and then plummeted in the following year.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from South Africa ($4.6 per unit) and the Philippines ($3.3 per unit), while the price for China ($3.3 per unit) and Turkey ($3.3 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (-1.1%), while the prices for the other major suppliers experienced a decline.
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ethiopia
Exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted from Ethiopia surged to 12M units in 2022, with an increase of 47% against the year before. The total export volume increased at an average annual rate of +2.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The exports peaked at 12M units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted surged to $28M in 2022. In general, total exports indicated a moderate expansion from 2019 to 2022: its value increased at an average annual rate of +2.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -6.1% against 2020 indices. Over the period under review, the exports of attained the peak figure at $30M in 2020; however, from 2021 to 2022, the exports failed to regain momentum.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ethiopia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.1 | 6.7 | 13.0 | 24.0 | 80.2% |
| Canada | 0.2 | 0.3 | 0.1 | 0.9 | 65.1% |
| Spain | 0.6 | 0.7 | 0.8 | 0.6 | 0.0% |
| France | 0.3 | 0.1 | N/A | 0.4 | 10.1% |
| Germany | 2.6 | 2.7 | 1.2 | 0.4 | -46.4% |
| Italy | 14.1 | 14.1 | 0.8 | N/A | -76.2% |
| Others | 4.3 | 5.6 | 2.4 | 2.0 | -22.5% |
| Total | 26.2 | 30.2 | 18.5 | 28.4 | 2.7% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Ethiopia in 2022:
- United States (10.4M units)
- Spain (0.3M units)
- Canada (0.2M units)
- France (0.2M units)
- Germany (0.1M units)
Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ethiopia
In 2022, overseas purchases of t-shirts, singlets and other vests; of cotton, knitted or crocheted increased by 36% to 245K units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a sharp setback. Over the period under review, imports of hit record highs at 589K units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted dropped dramatically to $814K in 2022. Over the period under review, imports, however, showed a dramatic decline. Imports peaked at $2.5M in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 2,116 | 591 | 836 | 582 | -35.0% |
| Turkey | 185 | 634 | 44.4 | 87.0 | -22.2% |
| Philippines | N/A | 1.4 | 7.5 | 33.5 | 389.2% |
| Kenya | 28.1 | 16.2 | 0.1 | 25.6 | -3.1% |
| South Africa | 39.0 | 25.0 | 0.4 | 25.5 | -13.2% |
| Italy | 7.2 | 2.2 | 33.3 | 13.6 | 23.6% |
| Bangladesh | 68.7 | 55.0 | 24.6 | 6.4 | -54.7% |
| Others | 91.8 | 68.9 | 97.1 | 40.8 | -23.7% |
| Total | 2,536 | 1,394 | 1,044 | 814 | -31.5% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Ethiopia in 2022:
- China (178.7K units)
- Turkey (26.7K units)
- Philippines (10.3K units)
- Kenya (7.9K units)
- South Africa (5.5K units)
- Italy (4.2K units)
- Bangladesh (2.0K units)
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