Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in New Zealand - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in New Zealand (CIF) - 2024
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in New Zealand (FOB) - 2022
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in New Zealand
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in New Zealand
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in New Zealand (CIF) - 2024
The average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $3.8 per unit in June 2024, with an increase of 2.7% against the previous month. Overall, the import price, however, recorded a slight contraction. The pace of growth was the most pronounced in December 2023 an increase of 24% m-o-m. Over the period under review, average import prices reached the peak figure at $4.3 per unit in June 2023; however, from July 2023 to June 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was China ($5.4 per unit), while the price for Bangladesh ($2.6 per unit) was amongst the lowest.
From June 2023 to June 2024, the most notable rate of growth in terms of prices was attained by India (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in New Zealand (FOB) - 2022
In 2022, the average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $14 per unit, increasing by 45% against the previous year. In general, the export price saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when the average export price increased by 67%. The export price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($15 per unit), while the average price for exports to the UK ($4.3 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 Australia (+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 New Zealand
In 2022, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted into New Zealand reduced to 25M units, with a decrease of -6.3% against 2021. Over the period under review, imports showed a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 21%. As a result, imports reached the peak of 26M units, and then fell in the following year.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $100M in 2022. The total import value increased at an average annual rate of +8.4% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 36% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the near future.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.4 | 25.6 | 34.4 | 38.2 | 9.1% |
| Bangladesh | 31.7 | 27.0 | 37.6 | 37.1 | 5.4% |
| India | 4.5 | 4.6 | 6.2 | 7.9 | 20.6% |
| Vietnam | 0.8 | 1.2 | 1.9 | 2.4 | 44.2% |
| Others | 11.7 | 9.9 | 12.9 | 13.9 | 5.9% |
| Total | 78.2 | 68.2 | 93.0 | 99.5 | 8.4% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to New Zealand in 2022:
- Bangladesh (13.5M units)
- China (6.8M units)
- India (2.4M units)
- Vietnam (0.4M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in New Zealand
In 2022, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted from New Zealand soared to 1.1M units, with an increase of 26% on 2021. Overall, total exports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +11.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 41% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted soared to $16M in 2022. In general, exports showed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 136%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the immediate term.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 2.8 | 2.7 | 6.9 | 13.3 | 68.1% |
| United States | 0.3 | 0.1 | 0.3 | 0.4 | 10.1% |
| United Kingdom | 0.2 | 0.1 | 0.1 | 0.2 | 0.0% |
| Cook Islands | 0.3 | 0.2 | 0.2 | 0.2 | -12.6% |
| Samoa | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Fiji | 0.1 | N/A | 0.1 | 0.1 | 0.0% |
| Others | 0.4 | 0.4 | 0.8 | 1.2 | 44.2% |
| Total | 4.2 | 3.6 | 8.6 | 15.5 | 54.5% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from New Zealand in 2022:
- Australia (875.9K units)
- United States (66.7K units)
- United Kingdom (53.3K units)
- Cook Islands (35.8K units)
- Fiji (19.9K units)
- Samoa (11.3K units)
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