Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Serbia - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Serbia (CIF) - 2024
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Serbia (FOB) - 2024
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Serbia
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Serbia
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Serbia (CIF) - 2024
In May 2024, the average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $2.0 per unit, shrinking by -11.2% against the previous month. Over the period under review, the import price continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 18% against the previous month. Over the period under review, average import prices hit record highs at $2.7 per unit in July 2023; however, from August 2023 to May 2024, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In May 2024, the highest price was recorded for prices from India ($2.3 per unit) and Turkey ($2.1 per unit), while the price for Bangladesh ($1.8 per unit) and the Czech Republic ($1.9 per unit) were amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by India (-0.9%), 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 Serbia (FOB) - 2024
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $4.4 per unit in May 2024, dropping by -1.7% against the previous month. Over the period under review, the export price showed a mild reduction. The most prominent rate of growth was recorded in February 2024 when the average export price increased by 26% against the previous month. As a result, the export price attained the peak level of $6.0 per unit. From March 2024 to May 2024, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was France ($13.2 per unit), while the average price for exports to Romania ($2.8 per unit) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+2.6%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Serbia
In 2022, after three years of growth, there was significant decline in overseas purchases of t-shirts, singlets and other vests; of cotton, knitted or crocheted, when their volume decreased by -5.3% to 23M units. In general, total imports indicated a significant increase from 2019 to 2022: its volume increased at an average annual rate of +22.3% 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 +82.8% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 39%. As a result, imports attained the peak of 24M units, and then declined in the following year.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $53M in 2022. The total import value increased at an average annual rate of +9.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 39% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in years to come.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 17.1 | 15.4 | 20.8 | 26.4 | 15.6% |
| Turkey | 11.1 | 12.9 | 18.9 | 13.7 | 7.3% |
| India | 2.3 | 1.6 | 2.6 | 3.2 | 11.6% |
| China | 1.4 | 1.3 | 1.7 | 2.1 | 14.5% |
| Czech Republic | N/A | 0.7 | 1.2 | 0.9 | 13.4% |
| Others | 9.1 | 6.3 | 7.8 | 7.2 | -7.5% |
| Total | 41.1 | 38.2 | 53.1 | 53.5 | 9.2% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Serbia in 2022:
- Bangladesh (12.1M units)
- Turkey (7.3M units)
- India (1.2M units)
- Czech Republic (0.6M units)
- China (0.5M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Serbia
Exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted from Serbia shrank markedly to 8M units in 2022, with a decrease of -27.1% against the previous year. In general, total exports indicated a tangible expansion from 2019 to 2022: its volume increased at an average annual rate of +3.9% 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 +12.8% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 55% against the previous year. As a result, the exports attained the peak of 11M units, and then fell sharply in the following year.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted contracted markedly to $38M in 2022. Over the period under review, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.0% 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 +36.7% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 61% against the previous year. As a result, the exports reached the peak of $46M, and then fell sharply in the following year.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Serbia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 10.3 | 9.2 | 15.9 | 13.4 | 9.2% |
| Bosnia and Herzegovina | 3.4 | 3.7 | 4.7 | 5.3 | 15.9% |
| Germany | 4.5 | 6.0 | 5.4 | 4.8 | 2.2% |
| Czech Republic | 0.1 | 1.0 | 5.0 | 2.2 | 180.2% |
| Montenegro | 1.6 | 1.8 | 1.9 | 1.9 | 5.9% |
| North Macedonia | 0.8 | 0.9 | 1.7 | 1.7 | 28.6% |
| Spain | 0.2 | 0.9 | 1.9 | 1.6 | 100.0% |
| France | 0.3 | 0.2 | 0.9 | 1.3 | 63.0% |
| Romania | 0.4 | 0.5 | 0.7 | 1.0 | 35.7% |
| Russia | 0.8 | 0.1 | 2.4 | 1.0 | 7.7% |
| Croatia | 1.1 | 0.7 | 0.9 | 0.8 | -10.1% |
| Slovenia | 0.3 | 0.4 | 0.7 | 0.6 | 26.0% |
| Hungary | 0.8 | 0.5 | 0.3 | 0.5 | -14.5% |
| Others | 3.6 | 2.7 | 3.4 | 2.3 | -13.9% |
| Total | 28.1 | 28.5 | 45.8 | 38.4 | 11.0% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Serbia in 2022:
- Italy (2876.4K units)
- Bosnia and Herzegovina (994.2K units)
- Czech Republic (777.2K units)
- Germany (672.3K units)
- Montenegro (466.1K units)
- Spain (381.4K units)
- North Macedonia (327.2K units)
- Croatia (200.1K units)
- France (159.7K units)
- Russia (157.8K units)
- Romania (157.3K units)
- Slovenia (154.3K units)
- Hungary (138.9K units)
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