Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ghana - 2023
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ghana (CIF) - 2022
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ghana (FOB) - 2022
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ghana
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ghana
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ghana (CIF) - 2022
In 2022, the average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $2.6 per unit, falling by -11.9% against the previous year. Over the period under review, the import price showed a abrupt curtailment. The growth pace was the most rapid in 2013 when the average import price increased by 4.4%. As a result, import price attained the peak level of $5.1 per unit. From 2014 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($4.4 per unit), while the price for Thailand ($1.6 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (-1.0%), while the prices for the other major suppliers experienced a decline.
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ghana (FOB) - 2022
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $4.7 per unit in 2022, increasing by 338% against the previous year. Overall, the export price, however, continues to indicate a mild decrease. Over the period under review, the average export prices reached the peak figure at $5.5 per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Sierra Leone ($11 per unit), while the average price for exports to Gambia ($443 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+15.4%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ghana
Imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted into Ghana rose slightly to 1M units in 2022, with an increase of 3.1% on 2021. In general, imports enjoyed a significant increase. As a result, imports reached 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 fell to $2.7M in 2022. Over the period under review, imports recorded a strong expansion. Imports peaked at $3M in 2021, and then reduced in the following year.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 807 | N/A | 1,211 | 778 | -1.2% |
| South Africa | 362 | N/A | 337 | 322 | -3.8% |
| India | 228 | N/A | 230 | 246 | 2.6% |
| Turkey | 39.7 | N/A | 138 | 218 | 76.4% |
| United States | 69.4 | N/A | 184 | 192 | 40.4% |
| Hong Kong SAR | 49.1 | N/A | 11.7 | 167 | 50.4% |
| Bangladesh | 14.0 | N/A | 75.0 | 121 | 105.2% |
| Togo | 3.6 | N/A | 26.5 | 95.1 | 197.8% |
| Thailand | 40.6 | N/A | 58.5 | 85.7 | 28.3% |
| United Arab Emirates | 39.9 | N/A | 186 | 61.4 | 15.5% |
| Philippines | 6.2 | N/A | 44.7 | 54.9 | 106.9% |
| Ethiopia | 412 | N/A | 0.1 | N/A | -98.4% |
| Others | 196 | N/A | 451 | 342 | 20.4% |
| Total | 2,269 | N/A | 2,953 | 2,683 | 5.7% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Ghana in 2022:
- China (253.3K units)
- India (138.8K units)
- United States (112.8K units)
- South Africa (100.9K units)
- Turkey (80.9K units)
- Bangladesh (66.4K units)
- Thailand (52.0K units)
- Hong Kong SAR (38.0K units)
- Philippines (32.8K units)
- Togo (24.0K units)
- United Arab Emirates (15.1K units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ghana
In 2022, overseas shipments of t-shirts, singlets and other vests; of cotton, knitted or crocheted decreased by -69.6% to 1.9K units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, continue to indicate a slight increase. Over the period under review, the exports of hit record highs at 6.4K units in 2021, and then reduced remarkably in the following year.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted soared to $9.2K in 2022. Over the period under review, exports, however, showed a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Ghana (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cote d'Ivoire | 4.1 | N/A | 0.5 | 4.3 | 1.6% |
| Sierra Leone | 0.1 | N/A | N/A | 1.9 | 166.8% |
| Togo | N/A | N/A | N/A | 0.8 | 0% |
| Canada | N/A | N/A | N/A | 0.3 | 0% |
| United States | 1.2 | N/A | 2.0 | 0.3 | -37.0% |
| Congo | 0.3 | N/A | N/A | 0.3 | 0.0% |
| France | N/A | N/A | N/A | 0.2 | 0% |
| Gambia | N/A | N/A | 2.2 | 0.1 | -95.5% |
| Liberia | N/A | N/A | 0.3 | N/A | 0% |
| Others | 1.0 | N/A | 1.8 | 1.1 | 3.2% |
| Total | 6.8 | N/A | 6.9 | 9.2 | 10.6% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Ghana in 2022:
- Cote d'Ivoire (988.0 units)
- Sierra Leone (176.0 units)
- Gambia (174.0 units)
- Togo (164.0 units)
- Congo (164.0 units)
- Canada (59.0 units)
- France (56.0 units)
- United States (40.0 units)
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