Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Norway - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Norway (CIF) - 2024
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Norway (FOB) - 2022
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Norway
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Norway
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Norway (CIF) - 2024
The average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $5.5 per unit in June 2024, surging by 13% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. Over the period under review, average import prices attained the maximum at $6.2 per unit in December 2023; however, from January 2024 to June 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In June 2024, the country with the highest price was Turkey ($7.4 per unit), while the price for Bangladesh ($3.9 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 (+2.3%), 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 Norway (FOB) - 2022
In 2022, the average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $10 per unit, standing approx. at the previous year. In general, the export price enjoyed resilient growth. The growth pace was the most rapid in 2020 an increase of 168%. The export price peaked in 2022 and is likely to see gradual growth in the near future.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($15 per unit), while the average price for exports to Spain ($3.4 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 Germany (+9.3%), 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 Norway
In 2022, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted into Norway expanded remarkably to 23M units, picking up by 5.5% compared with the previous year. The total import volume increased at an average annual rate of +1.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2021 with an increase of 15% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in years to come.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted reached $123M in 2022. The total import value increased at an average annual rate of +8.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by 30% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 36.0 | 34.6 | 45.2 | 54.7 | 15.0% |
| Turkey | 12.9 | 13.5 | 19.2 | 19.0 | 13.8% |
| China | 10.8 | 14.2 | 11.9 | 9.9 | -2.9% |
| India | 8.0 | 6.6 | 10.3 | 9.7 | 6.6% |
| Portugal | 5.5 | 6.0 | 8.1 | 7.0 | 8.4% |
| Others | 24.1 | 18.6 | 26.8 | 22.9 | -1.7% |
| Total | 97.3 | 93.4 | 122 | 123 | 8.1% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Norway in 2022:
- Bangladesh (14.8M units)
- Turkey (2.4M units)
- India (1.9M units)
- China (1.3M units)
- Portugal (0.3M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Norway
In 2022, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted from Norway declined rapidly to 491K units, which is down by -17.1% compared with the previous year. In general, exports showed a noticeable shrinkage. The pace of growth was the most pronounced in 2021 when exports increased by 17%. As a result, the exports attained the peak of 593K units, and then reduced dramatically in the following year.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted shrank notably to $5.1M in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 142%. The exports peaked at $6M in 2021, and then shrank remarkably in the following year.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 418 | 287 | 2,760 | 3,838 | 109.4% |
| Germany | 123 | 3,425 | 2,335 | 458 | 55.0% |
| Denmark | 413 | 175 | 106 | 159 | -27.3% |
| Spain | 2.7 | 3.7 | 15.9 | 68.7 | 194.1% |
| United Kingdom | 111 | 101 | 99.2 | 65.0 | -16.3% |
| Finland | 47.7 | 3.5 | 18.6 | 64.3 | 10.5% |
| Italy | 15.4 | 29.5 | 35.5 | 47.8 | 45.9% |
| Netherlands | 55.0 | 11.1 | 37.6 | 38.8 | -11.0% |
| Lithuania | 158 | 31.3 | 49.4 | 33.6 | -40.3% |
| Iceland | 357 | 329 | 426 | 29.2 | -56.6% |
| Others | 172 | 143 | 145 | 262 | 15.1% |
| Total | 1,873 | 4,538 | 6,029 | 5,063 | 39.3% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Norway in 2022:
- Sweden (326.6K units)
- Denmark (34.5K units)
- Germany (30.4K units)
- Spain (20.0K units)
- Italy (13.7K units)
- Finland (9.4K units)
- United Kingdom (8.6K units)
- Lithuania (7.7K units)
- Netherlands (7.4K units)
- Iceland (6.6K units)
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