Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Kenya - 2023
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Kenya (FOB) - 2022
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Kenya (CIF) - 2022
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Kenya
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Kenya
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Kenya (FOB) - 2022
In 2022, the average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $3.7 per unit, surging by 36% against the previous year. Overall, export price indicated a moderate increase 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, export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted increased by +86.7% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of 40% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Tanzania ($6.1 per unit), while the average price for exports to Spain ($1.4 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 Uganda (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Kenya (CIF) - 2022
In 2022, the average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $1.5 per unit, reducing by -10.6% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2019 an increase of 22%. The import price peaked at $2.6 per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Tanzania ($6.3 per unit), while the price for Thailand ($707 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+11.8%), 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 Kenya
In 2022, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted from Kenya fell significantly to 5.2M units, with a decrease of -44.9% compared with the previous year's figure. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 15% against the previous year. As a result, the exports reached the peak of 9.4M units, and then dropped markedly in the following year.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted contracted notably to $19M in 2022. Over the period under review, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 20%. As a result, the exports reached the peak of $26M, and then dropped rapidly in the following year.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 18.0 | 17.0 | 20.6 | 14.9 | -6.1% |
| Canada | 0.1 | 0.2 | 0.5 | 0.6 | 81.7% |
| Netherlands | N/A | 0.1 | 0.4 | 0.6 | 144.9% |
| Germany | 1.4 | 1.5 | 1.6 | 0.3 | -40.2% |
| Spain | N/A | 0.1 | 0.1 | 0.2 | 41.4% |
| Others | 2.8 | 2.4 | 2.5 | 2.7 | -1.2% |
| Total | 22.4 | 21.4 | 25.6 | 19.2 | -5.0% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Kenya in 2022:
- United States (4259.2K units)
- Spain (168.1K units)
- Netherlands (119.7K units)
- Canada (106.9K units)
- Germany (49.6K units)
Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Kenya
In 2022, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted into Kenya soared to 10M units, jumping by 55% compared with the previous year's figure. In general, imports showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 76% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the near future.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted surged to $15M in 2022. Over the period under review, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 97% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Kenya (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1.7 | 4.4 | 5.7 | 9.3 | 76.2% |
| Turkey | 0.6 | 1.1 | 1.3 | 1.4 | 32.6% |
| Tanzania | 0.9 | 1.2 | 1.2 | 1.2 | 10.1% |
| United Arab Emirates | 0.2 | 0.9 | 0.9 | 1.0 | 71.0% |
| India | 0.3 | 0.4 | 0.3 | 1.0 | 49.4% |
| South Africa | 0.3 | 0.5 | 0.9 | 0.6 | 26.0% |
| Thailand | 0.1 | 0.3 | 0.3 | 0.2 | 26.0% |
| Others | 0.6 | 0.6 | 0.5 | 0.6 | 0.0% |
| Total | 4.7 | 9.2 | 11.0 | 15.3 | 48.2% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Kenya in 2022:
- China (7.5M units)
- India (1.0M units)
- Turkey (0.6M units)
- Thailand (0.3M units)
- South Africa (0.2M units)
- United Arab Emirates (0.2M units)
- Tanzania (0.2M units)
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