Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Singapore - 2023
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Singapore (CIF) - 2022
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Singapore (FOB) - 2022
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Singapore
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Singapore
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Singapore (CIF) - 2022
In 2022, the average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $5.3 per unit, falling by -9.2% against the previous year. Over the period under review, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted increased by +38.6% against 2017 indices. The pace of growth appeared the most rapid in 2021 an increase of 26%. As a result, import price reached the peak level of $5.8 per unit, and then fell in the following year.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($5.5 per unit), while the price for Thailand ($1.9 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.8%), 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 Singapore (FOB) - 2022
In 2022, the average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $6.7 per unit, leveling off at the previous year. In general, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted increased by +64.8% against 2016 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by 37% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($25 per unit), while the average price for exports to Brazil ($2.6 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 Japan (+17.6%), 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 Singapore
In 2022, approx. 37M units of t-shirts, singlets and other vests; of cotton, knitted or crocheted were imported into Singapore; increasing by 35% compared with 2021. Overall, imports, however, showed a perceptible curtailment. Over the period under review, imports of reached the peak figure at 42M units in 2019; however, from 2020 to 2022, imports remained at a lower figure.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted skyrocketed to $196M in 2022. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +7.8% 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 +57.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 29.2 | 20.4 | 23.9 | 31.9 | 3.0% |
| Bangladesh | 19.0 | 11.7 | 16.5 | 23.2 | 6.9% |
| Vietnam | 15.0 | 16.2 | 20.2 | 20.4 | 10.8% |
| Malaysia | 22.9 | 15.0 | 16.1 | 16.8 | -9.8% |
| Indonesia | 8.4 | 5.1 | 8.2 | 7.2 | -5.0% |
| India | 4.5 | 3.5 | 5.0 | 5.9 | 9.4% |
| Thailand | 4.4 | 2.1 | 2.6 | 5.0 | 4.4% |
| Others | 53.4 | 50.9 | 67.5 | 86.0 | 17.2% |
| Total | 157 | 125 | 160 | 196 | 7.7% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Singapore in 2022:
- Bangladesh (8.2M units)
- Malaysia (6.9M units)
- China (5.8M units)
- Vietnam (4.0M units)
- India (3.1M units)
- Thailand (2.6M units)
- Indonesia (2.1M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Singapore
In 2022, after two years of decline, there was significant growth in overseas shipments of t-shirts, singlets and other vests; of cotton, knitted or crocheted, when their volume increased by 23% to 14M units. In general, exports, however, continue to indicate a abrupt curtailment. Over the period under review, the exports of reached the maximum at 18M 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 surged to $91M in 2022. Over the period under review, total exports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +6.0% 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 +56.4% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 26% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 7.7 | 5.4 | 8.4 | 12.6 | 17.8% |
| Japan | 7.6 | 5.5 | 9.4 | 10.5 | 11.4% |
| Malaysia | 4.8 | 4.1 | 6.7 | 9.0 | 23.3% |
| United Arab Emirates | 4.7 | 5.4 | 8.4 | 8.1 | 19.9% |
| Australia | 2.8 | 2.6 | 5.5 | 7.3 | 37.6% |
| Thailand | 2.4 | 2.6 | 3.8 | 6.8 | 41.5% |
| Philippines | 2.1 | 1.4 | 3.2 | 6.0 | 41.9% |
| Vietnam | 4.2 | 5.6 | 5.9 | 4.2 | 0.0% |
| Hong Kong SAR | 1.2 | 2.2 | 2.5 | 3.3 | 40.1% |
| Israel | 2.1 | 1.7 | 1.4 | 2.3 | 3.1% |
| United States | 4.6 | 3.6 | 3.4 | 2.3 | -20.6% |
| Mexico | 1.8 | 1.6 | 1.6 | 1.9 | 1.8% |
| Brazil | 0.6 | 0.4 | 0.7 | 1.0 | 18.6% |
| Others | 30.1 | 16.3 | 12.7 | 16.1 | -18.8% |
| Total | 76.8 | 58.4 | 73.6 | 91.4 | 6.0% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Singapore in 2022:
- Indonesia (4227.7K units)
- United Arab Emirates (1650.6K units)
- Australia (1073.2K units)
- Malaysia (762.8K units)
- Philippines (618.1K units)
- United States (550.0K units)
- Mexico (472.2K units)
- Israel (449.5K units)
- Hong Kong SAR (427.3K units)
- Japan (419.5K units)
- Brazil (371.9K units)
- Thailand (326.1K units)
- Vietnam (280.4K units)
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