Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Portugal - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Portugal (FOB) - 2024
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Portugal (CIF) - 2024
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Portugal
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Portugal
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Portugal (FOB) - 2024
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $8.9 per unit in April 2024, which is down by -8.9% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average export price increased by 25% against the previous month. The export price peaked at $11.9 per unit in December 2023; however, from January 2024 to April 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In April 2024, the country with the highest price was Italy ($24.2 per unit), while the average price for exports to Spain ($5.4 per unit) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+0.8%), while the prices for the other major destinations experienced mixed trend patterns.
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Portugal (CIF) - 2024
The average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $3.3 per unit in April 2024, reducing by -16.9% against the previous month. Overall, the import price saw a slight curtailment. The most prominent rate of growth was recorded in November 2023 an increase of 21% against the previous month. Over the period under review, average import prices reached the maximum at $4.3 per unit in December 2023; however, from January 2024 to April 2024, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Belgium ($7.5 per unit), while the price for Bangladesh ($1.7 per unit) was amongst the lowest.
From April 2023 to April 2024, the most notable rate of growth in terms of prices was attained by Italy (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Portugal
In 2022, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted from Portugal shrank to 96M units, falling by -8.6% on the previous year's figure. Over the period under review, exports recorded a deep slump. The pace of growth appeared the most rapid in 2021 when exports increased by 17%. The exports peaked at 118M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted fell slightly to $781M in 2022. The total export value increased at an average annual rate of +2.3% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 30%. As a result, the exports reached the peak of $816M, and then contracted modestly in the following year.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 301 | 227 | 290 | 240 | -7.3% |
| France | 108 | 99.0 | 131 | 147 | 10.8% |
| Italy | 84.9 | 78.3 | 115 | 107 | 8.0% |
| Germany | 62.7 | 63.4 | 82.5 | 83.2 | 9.9% |
| United Kingdom | 51.3 | 44.4 | 43.7 | 42.8 | -5.9% |
| Netherlands | 43.0 | 38.5 | 45.8 | 39.5 | -2.8% |
| United States | 11.9 | 10.7 | 18.2 | 20.7 | 20.3% |
| Denmark | 8.6 | 11.0 | 14.5 | 16.9 | 25.3% |
| Others | 58.2 | 57.2 | 75.0 | 84.6 | 13.3% |
| Total | 729 | 629 | 816 | 781 | 2.3% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Portugal in 2022:
- Spain (46.7M units)
- France (13.7M units)
- Germany (8.6M units)
- Italy (4.7M units)
- Netherlands (4.3M units)
- United Kingdom (3.9M units)
- Denmark (2.1M units)
- United States (1.5M units)
Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Portugal
Imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted into Portugal surged to 66M units in 2022, with an increase of 17% compared with 2021 figures. Overall, imports, however, showed a mild contraction. The most prominent rate of growth was recorded in 2021 when imports increased by 21% against the previous year. Imports peaked at 69M 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 surged to $235M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +58.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 33% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 91.1 | 64.3 | 91.6 | 110 | 6.5% |
| Bangladesh | 19.6 | 16.4 | 17.1 | 26.8 | 11.0% |
| Italy | 16.7 | 15.3 | 20.6 | 22.4 | 10.3% |
| France | 16.2 | 16.7 | 25.4 | 22.1 | 10.9% |
| Germany | 14.1 | 11.5 | 13.2 | 18.5 | 9.5% |
| India | 6.2 | 5.0 | 6.5 | 9.6 | 15.7% |
| Belgium | 6.3 | 3.8 | 4.2 | 6.5 | 1.0% |
| Others | 26.4 | 14.7 | 18.6 | 18.7 | -10.9% |
| Total | 197 | 148 | 197 | 235 | 6.1% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Portugal in 2022:
- Spain (30.2M units)
- Bangladesh (15.5M units)
- France (5.0M units)
- Italy (3.7M units)
- Germany (3.6M units)
- India (3.0M units)
- Belgium (2.5M units)
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