Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Luxembourg - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Luxembourg (CIF) - 2022
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Luxembourg (FOB) - 2022
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Luxembourg
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Luxembourg
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Luxembourg (CIF) - 2022
The average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $6.8 per unit in 2022, falling by -5.7% against the previous year. Overall, the import price continues to indicate a slight descent. The pace of growth appeared the most rapid in 2020 an increase of 17% against the previous year. The import price peaked at $8.1 per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 China ($15 per unit), while the price for Bangladesh ($2.4 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.6%), 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 Luxembourg (FOB) - 2022
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $15 per unit in 2022, waning by -26.2% against the previous year. In general, the export price, however, showed a strong increase. The growth pace was the most rapid in 2021 when the average export price increased by 55% against the previous year. As a result, the export price attained the peak level of $21 per unit, and then shrank dramatically in the following year.
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 Japan ($68 per unit), while the average price for exports to Germany ($9.7 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 Italy (+17.9%), 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 Luxembourg
In 2022, the amount of t-shirts, singlets and other vests; of cotton, knitted or crocheted imported into Luxembourg was estimated at 3.8M units, picking up by 6.9% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a mild slump. The pace of growth was the most pronounced in 2021 when imports increased by 22% against the previous year. Imports peaked at 3.9M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $26M in 2022. The total import value increased at an average annual rate of +2.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 23%. Imports peaked in 2022 and are likely to see gradual growth in years to come.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Luxembourg (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | 4.1 | 5.5 | 6.7 | 6.7 | 17.8% |
| Germany | 2.3 | 4.0 | 5.2 | 5.6 | 34.5% |
| France | 1.7 | 3.2 | 3.2 | 3.4 | 26.0% |
| Netherlands | 1.0 | 2.1 | 2.9 | 2.7 | 39.2% |
| Spain | 1.4 | 1.2 | 1.5 | 1.4 | 0.0% |
| Portugal | 0.5 | 0.7 | 1.7 | 1.1 | 30.1% |
| Poland | 0.2 | 0.7 | 0.8 | 1.1 | 76.5% |
| Denmark | 0.1 | 0.4 | 0.6 | 0.6 | 81.7% |
| Bangladesh | 3.4 | N/A | N/A | 0.1 | -69.1% |
| China | 2.2 | 0.2 | 0.2 | 0.1 | -64.3% |
| Others | 7.0 | 2.7 | 2.8 | 3.0 | -24.6% |
| Total | 24.0 | 20.8 | 25.6 | 25.8 | 2.4% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Luxembourg in 2022:
- Belgium (1256.2K units)
- Germany (731.1K units)
- Netherlands (581.6K units)
- France (483.0K units)
- Spain (285.3K units)
- Denmark (100.3K units)
- Poland (98.8K units)
- Portugal (46.1K units)
- Bangladesh (34.5K units)
- China (4.4K units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Luxembourg
In 2022, shipments abroad of t-shirts, singlets and other vests; of cotton, knitted or crocheted decreased by -1.2% to 323K units, falling for the second consecutive year after two years of growth. The total export volume increased at an average annual rate of +2.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 21%. As a result, the exports attained the peak of 364K units. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted dropped significantly to $5M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.6% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 42% against the previous year. The exports peaked at $6.8M in 2021, and then contracted notably in the following year.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Luxembourg (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 1,219 | 1,806 | 1,871 | 1,752 | 12.9% |
| Belgium | 829 | 1,392 | 1,613 | 1,287 | 15.8% |
| Italy | 99.5 | 123 | 244 | 274 | 40.2% |
| France | 113 | 101 | 236 | 264 | 32.7% |
| Japan | 679 | 462 | 1,256 | 260 | -27.4% |
| Netherlands | 33.2 | 56.9 | 72.9 | 116 | 51.7% |
| Others | 482 | 967 | 1,555 | 1,042 | 29.3% |
| Total | 3,454 | 4,908 | 6,848 | 4,994 | 13.1% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Luxembourg in 2022:
- Germany (179.7K units)
- Belgium (88.2K units)
- France (17.1K units)
- Netherlands (7.5K units)
- Italy (6.8K units)
- Japan (3.8K units)
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