Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in India - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in India (FOB) - 2024
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in India (CIF) - 2024
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in India
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in India
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in India (FOB) - 2024
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $2.2 per unit in April 2024, rising by 2.6% against the previous month. Over the period under review, the export price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 6.3% m-o-m. Over the period under review, the average export prices hit record highs at $2.6 per unit in June 2023; however, from July 2023 to April 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In April 2024, the country with the highest price was the Netherlands ($3.0 per unit), while the average price for exports to Nigeria ($978 per thousand units) 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 Saudi Arabia (+0.9%), 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 India (CIF) - 2024
In April 2024, the average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $1.0 per unit, surging by 13% against the previous month. Over the period under review, the import price, however, saw a mild shrinkage. The growth pace was the most rapid in July 2023 an increase of 43% m-o-m. The import price peaked at $1.4 per unit in August 2023; however, from September 2023 to April 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($5.3 per unit), while the price for Bangladesh ($510 per thousand units) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Turkey (+0.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in India
In 2022, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted from India reached 709M units, leveling off at the previous year's figure. In general, exports, however, recorded a pronounced decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 20%. The exports peaked at 754M units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $1.9B in 2022. Overall, exports, however, continue to indicate a slight setback. The pace of growth appeared the most rapid in 2021 with an increase of 18%. Over the period under review, the exports of attained the peak figure at $2B in 2019; however, from 2020 to 2022, the exports failed to regain momentum.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 384 | 301 | 463 | 507 | 9.7% |
| United Arab Emirates | 282 | 211 | 180 | 186 | -13.0% |
| Germany | 129 | 110 | 135 | 160 | 7.4% |
| United Kingdom | 135 | 94.4 | 104 | 107 | -7.5% |
| France | 102 | 72.7 | 86.3 | 91.7 | -3.5% |
| Netherlands | 68.0 | 50.8 | 61.1 | 77.9 | 4.6% |
| Spain | 58.6 | 47.0 | 51.1 | 51.4 | -4.3% |
| Australia | 32.4 | 29.6 | 45.1 | 51.1 | 16.4% |
| Nigeria | 170 | 89.2 | 78.9 | 48.1 | -34.4% |
| Belgium | 32.7 | 24.9 | 29.2 | 45.5 | 11.6% |
| Saudi Arabia | 37.9 | 28.6 | 37.1 | 42.2 | 3.6% |
| Italy | 43.5 | 26.0 | 31.3 | 39.4 | -3.2% |
| Poland | 39.0 | 25.6 | 33.8 | 37.2 | -1.6% |
| Others | 443 | 330 | 362 | 433 | -0.8% |
| Total | 1,957 | 1,441 | 1,698 | 1,877 | -1.4% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from India in 2022:
- United States (180.0M units)
- United Arab Emirates (74.5M units)
- Germany (54.4M units)
- United Kingdom (38.7M units)
- France (34.6M units)
- Netherlands (21.9M units)
- Spain (21.1M units)
- Australia (20.9M units)
- Poland (20.7M units)
- Nigeria (20.3M units)
- Belgium (18.3M units)
- Saudi Arabia (17.1M units)
- Italy (15.5M units)
Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in India
For the fourth consecutive year, India recorded growth in supplies from abroad of t-shirts, singlets and other vests; of cotton, knitted or crocheted, which increased by 22% to 81M units in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 74% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted surged to $117M in 2022. Over the period under review, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 103% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 23.1 | 22.3 | 51.2 | 69.5 | 44.4% |
| China | 6.9 | 5.6 | 9.8 | 14.3 | 27.5% |
| Spain | 5.3 | 4.1 | 7.0 | 8.5 | 17.1% |
| Others | 13.0 | 8.4 | 14.0 | 24.7 | 23.9% |
| Total | 48.3 | 40.3 | 81.9 | 117 | 34.3% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to India in 2022:
- Bangladesh (72.6M units)
- China (2.8M units)
- Spain (1.8M units)
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