Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Finland - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Finland (CIF) - 2024
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Finland (FOB) - 2024
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Finland
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Finland
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Finland (CIF) - 2024
The average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $3.2 per unit in April 2024, falling by -33.6% against the previous month. Over the period under review, the import price showed a pronounced decline. The pace of growth appeared the most rapid in March 2024 when the average import price increased by 38% m-o-m. Over the period under review, average import prices hit record highs at $5.5 per unit in January 2024; however, from February 2024 to April 2024, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Turkey ($10.6 per unit), while the price for Bangladesh ($2.5 per unit) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by India (+3.3%), 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 Finland (FOB) - 2024
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $15.8 per unit in April 2024, rising by 66% against the previous month. Over the period under review, the export price continues to indicate a remarkable increase. The most prominent rate of growth was recorded in February 2024 when the average export price increased by 122% m-o-m. As a result, the export price reached the peak level of $23.0 per unit. From March 2024 to April 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In April 2024, the country with the highest price was the United States ($31.0 per unit), while the average price for exports to Serbia ($3.8 per unit) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+11.3%), 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 Finland
In 2022, after two years of decline, there was significant growth in supplies from abroad of t-shirts, singlets and other vests; of cotton, knitted or crocheted, when their volume increased by 48% to 22M units. The total import volume increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted skyrocketed to $92M in 2022. The total import value increased at an average annual rate of +2.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Finland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 4.8 | 22.7 | 20.4 | 17.5 | 53.9% |
| Germany | 1.7 | 9.9 | 9.3 | 13.9 | 101.5% |
| Bangladesh | 31.5 | 7.9 | 6.7 | 10.6 | -30.4% |
| Poland | 0.4 | 4.8 | 1.7 | 10.2 | 194.3% |
| Denmark | 2.3 | 6.3 | 7.1 | 8.8 | 56.4% |
| Netherlands | 0.5 | 3.6 | 5.1 | 6.9 | 139.9% |
| Belgium | 0.7 | 1.0 | 2.0 | 6.9 | 114.4% |
| India | 8.5 | 3.2 | 3.1 | 3.3 | -27.0% |
| Portugal | 4.0 | 3.1 | 3.6 | 2.6 | -13.4% |
| Turkey | 7.9 | 2.0 | 2.7 | 2.3 | -33.7% |
| China | 10.1 | 1.4 | 1.3 | 1.2 | -50.8% |
| Others | 12.7 | 8.1 | 6.4 | 8.2 | -13.6% |
| Total | 85.2 | 74.2 | 69.6 | 92.4 | 2.7% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Finland in 2022:
- Sweden (4.2M units)
- Germany (3.6M units)
- Bangladesh (3.4M units)
- Poland (2.6M units)
- Denmark (1.7M units)
- Netherlands (1.5M units)
- Belgium (1.3M units)
- India (1.0M units)
- Turkey (0.3M units)
- Portugal (0.3M units)
- China (0.3M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Finland
In 2022, shipments abroad of t-shirts, singlets and other vests; of cotton, knitted or crocheted increased by 30% to 828K units for the first time since 2019, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached 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 amounted to $7.1M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The exports peaked at $7.1M in 2019; afterwards, it flattened through to 2022.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Finland (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 1,020 | 905 | 988 | 1,224 | 6.3% |
| Poland | 378 | 210 | 403 | 1,131 | 44.1% |
| Germany | 432 | 511 | 657 | 698 | 17.3% |
| Sweden | 1,570 | 2,059 | 1,527 | 657 | -25.2% |
| Latvia | 482 | 390 | 377 | 383 | -7.4% |
| Norway | 278 | 148 | 142 | 258 | -2.5% |
| Russia | 624 | 360 | 308 | 241 | -27.2% |
| Netherlands | 222 | 145 | 88.3 | 195 | -4.2% |
| Czech Republic | 36.0 | 26.2 | 94.9 | 167 | 66.8% |
| Belgium | 50.6 | 38.3 | 95.3 | 160 | 46.8% |
| United Kingdom | 51.0 | 53.6 | 172 | 154 | 44.5% |
| France | 131 | 77.1 | 137 | 128 | -0.8% |
| Lithuania | 55.1 | 32.9 | 53.1 | 84.9 | 15.5% |
| Others | 1,819 | 2,143 | 1,954 | 1,629 | -3.6% |
| Total | 7,150 | 7,097 | 6,997 | 7,110 | -0.2% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Finland in 2022:
- Estonia (188.2K units)
- Poland (157.2K units)
- Germany (83.5K units)
- Sweden (80.2K units)
- Latvia (54.3K units)
- Russia (38.6K units)
- Norway (30.6K units)
- France (16.7K units)
- Czech Republic (15.9K units)
- Netherlands (14.7K units)
- Belgium (14.7K units)
- Lithuania (13.6K units)
- United Kingdom (12.9K units)
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