Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Malaysia - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Malaysia (CIF) - 2024
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Malaysia (FOB) - 2022
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Malaysia
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Malaysia
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Malaysia (CIF) - 2024
The average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $6.8 per unit in May 2024, increasing by 11% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 an increase of 25% month-to-month. The import price peaked at $7.9 per unit in September 2023; however, from October 2023 to May 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Singapore ($52.9 per unit), while the price for Bangladesh ($2.0 per unit) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Vietnam (+5.6%), 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 Malaysia (FOB) - 2022
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $4.3 per unit in 2022, with an increase of 6.1% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by 17%. The export price peaked in 2022 and is likely to see gradual growth in years to come.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($6.6 per unit), while the average price for exports to Indonesia ($2.4 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 the Netherlands (+5.1%), 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 Malaysia
In 2022, approx. 78M units of t-shirts, singlets and other vests; of cotton, knitted or crocheted were imported into Malaysia; jumping by 91% on 2021 figures. Over the period under review, imports recorded significant growth. 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 skyrocketed to $455M in 2022. In general, imports enjoyed significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 0.8 | 0.7 | 9.7 | 242 | 571.3% |
| China | 39.8 | 31.9 | 33.2 | 79.9 | 26.2% |
| Bangladesh | 38.4 | 28.5 | 35.9 | 52.7 | 11.1% |
| Vietnam | 9.7 | 8.9 | 9.2 | 20.0 | 27.3% |
| India | 8.5 | 7.0 | 5.6 | 14.9 | 20.6% |
| Indonesia | 4.5 | 2.3 | 3.0 | 3.7 | -6.3% |
| Thailand | 2.0 | 1.7 | 1.2 | 1.2 | -15.7% |
| Others | 32.7 | 25.8 | 25.8 | 41.5 | 8.3% |
| Total | 136 | 107 | 124 | 455 | 49.6% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Malaysia in 2022:
- Bangladesh (27.3M units)
- China (23.7M units)
- Singapore (11.1M units)
- India (5.2M units)
- Vietnam (4.1M units)
- Indonesia (1.0M units)
- Thailand (0.5M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Malaysia
In 2022, the amount of t-shirts, singlets and other vests; of cotton, knitted or crocheted exported from Malaysia reduced to 24M units, with a decrease of -6.4% compared with the year before. Over the period under review, exports showed a deep downturn. The pace of growth appeared the most rapid in 2021 with an increase of 16%. Over the period under review, the exports of attained the maximum at 33M units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted contracted modestly to $103M in 2022. In general, exports continue to indicate a noticeable slump. The pace of growth appeared the most rapid in 2021 when exports increased by 36% against the previous year. Over the period under review, the exports of attained the peak figure at $116M 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 Malaysia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 21.1 | 16.8 | 16.8 | 22.4 | 2.0% |
| United States | 19.8 | 11.7 | 35.9 | 18.8 | -1.7% |
| United Arab Emirates | 5.9 | 3.9 | 8.3 | 12.0 | 26.7% |
| Japan | 22.4 | 14.7 | 16.3 | 10.0 | -23.6% |
| Belgium | 7.7 | 5.8 | 9.5 | 8.8 | 4.6% |
| Hong Kong SAR | 5.5 | 4.1 | 2.6 | 5.2 | -1.9% |
| China | 7.3 | 3.2 | 2.1 | 3.9 | -18.9% |
| Indonesia | 0.7 | 0.7 | 0.9 | 2.8 | 58.7% |
| Netherlands | 2.8 | 3.0 | 1.4 | 2.6 | -2.4% |
| Philippines | 1.7 | 2.1 | 2.1 | 2.5 | 13.7% |
| South Korea | 1.0 | 0.5 | 0.4 | 2.4 | 33.9% |
| United Kingdom | 4.2 | 0.7 | 0.5 | 1.2 | -34.1% |
| Australia | 4.5 | 1.3 | 0.2 | 0.8 | -43.8% |
| Others | 11.6 | 7.6 | 6.3 | 9.5 | -6.4% |
| Total | 116 | 76.3 | 103 | 103 | -3.9% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Malaysia in 2022:
- Singapore (6.5M units)
- United States (3.9M units)
- Japan (2.5M units)
- Belgium (2.1M units)
- United Arab Emirates (1.8M units)
- Indonesia (1.1M units)
- Hong Kong SAR (1.1M units)
- Philippines (1.0M units)
- China (0.7M units)
- Netherlands (0.5M units)
- South Korea (0.4M units)
- United Kingdom (0.3M units)
- Australia (0.2M units)
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