Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Lithuania - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Lithuania (CIF) - 2022
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Lithuania (FOB) - 2022
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Lithuania
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Lithuania
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Lithuania (CIF) - 2022
The average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $3.8 per unit in 2022, which is down by -3.2% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 23%. As a result, import price reached the peak level of $4.6 per unit. From 2015 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 Denmark ($8.8 per unit), while the price for Poland ($2.8 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (+10.1%), 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 Lithuania (FOB) - 2022
In 2022, the average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $6.2 per unit, rising by 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2014 when the average export price increased by 12% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
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 Sweden ($17 per unit), while the average price for exports to Ukraine ($1.6 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 Sweden (+12.3%), 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 Lithuania
In 2022, approx. 11M units of t-shirts, singlets and other vests; of cotton, knitted or crocheted were imported into Lithuania; with an increase of 9.3% compared with the previous year. The total import volume increased at an average annual rate of +1.0% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. 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 expanded sharply to $41M in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 19% against the previous year. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Poland | 9.3 | 8.3 | 11.8 | 14.5 | 16.0% |
| Germany | 6.1 | 7.4 | 9.0 | 8.9 | 13.4% |
| Italy | 6.6 | 5.7 | 5.2 | 5.1 | -8.2% |
| Spain | 2.1 | 1.6 | 2.1 | 2.8 | 10.1% |
| France | 1.5 | 1.3 | 2.0 | 1.6 | 2.2% |
| China | 0.9 | 1.0 | 0.9 | 1.1 | 6.9% |
| Ukraine | 0.4 | 0.1 | 0.5 | 0.9 | 31.0% |
| Belgium | 4.2 | 1.3 | 0.3 | 0.4 | -54.3% |
| Bangladesh | 0.9 | 0.6 | 0.6 | 0.2 | -39.4% |
| Others | 6.3 | 5.3 | 6.4 | 5.5 | -4.4% |
| Total | 38.4 | 32.6 | 38.8 | 41.1 | 2.3% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Lithuania in 2022:
- Poland (5.2M units)
- Germany (2.4M units)
- Italy (0.7M units)
- France (0.6M units)
- Spain (0.6M units)
- Ukraine (0.2M units)
- China (0.2M units)
- Bangladesh (0.1M units)
- Belgium (0.1M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Lithuania
Exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted from Lithuania contracted to 3.8M units in 2022, falling by -8% against the year before. Overall, exports recorded a drastic downturn. The growth pace was the most rapid in 2021 with an increase of 5.8%. The exports peaked at 5.1M 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 reduced to $24M in 2022. Over the period under review, exports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 7.1% against the previous year. The exports peaked at $28M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Lithuania (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 8.7 | 7.1 | 7.6 | 5.9 | -12.1% |
| Germany | 4.3 | 4.1 | 4.6 | 3.7 | -4.9% |
| Denmark | 3.3 | 3.1 | 3.5 | 2.9 | -4.2% |
| Austria | 1.6 | 1.9 | 1.3 | 2.0 | 7.7% |
| Netherlands | 0.6 | 0.3 | 0.8 | 1.6 | 38.7% |
| Latvia | 1.6 | 1.2 | 1.2 | 1.2 | -9.1% |
| Estonia | 0.9 | 0.7 | 0.9 | 0.8 | -3.9% |
| Kazakhstan | 0.4 | 0.2 | 0.2 | 0.7 | 20.5% |
| Belarus | 0.4 | 0.3 | 0.3 | 0.3 | -9.1% |
| Ukraine | 1.9 | 0.2 | 0.4 | 0.1 | -62.5% |
| Others | 4.0 | 3.5 | 3.6 | 4.5 | 4.0% |
| Total | 27.6 | 22.7 | 24.3 | 23.6 | -5.1% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Lithuania in 2022:
- Russia (1217.6K units)
- Denmark (871.4K units)
- Germany (328.5K units)
- Austria (273.5K units)
- Netherlands (182.1K units)
- Latvia (170.3K units)
- Kazakhstan (168.1K units)
- Estonia (115.8K units)
- Belarus (84.2K units)
- Ukraine (75.1K units)
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