Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Spain - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Spain (CIF) - 2024
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Spain (FOB) - 2024
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Spain
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Spain
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Spain (CIF) - 2024
In April 2024, the average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $2.9 per unit, waning by -8.8% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in January 2024 an increase of 21% m-o-m. As a result, import price reached the peak level of $3.9 per unit. From February 2024 to April 2024, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($8.7 per unit), while the price for Bangladesh ($1.9 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 Germany (+1.8%), 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 Spain (FOB) - 2024
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $4.0 per unit in April 2024, therefore, remained relatively stable against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average export price increased by 13% month-to-month. As a result, the export price reached the peak level of $5.4 per unit. From December 2023 to April 2024, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In April 2024, the country with the highest price was Germany ($5.5 per unit), while the average price for exports to Morocco ($2.0 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 Morocco (+0.3%), while the prices for the other major destinations experienced a decline.
Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Spain
In 2022, approx. 541M units of t-shirts, singlets and other vests; of cotton, knitted or crocheted were imported into Spain; with an increase of 26% on the previous year's figure. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports of hit record highs at 549M 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 skyrocketed to $1.6B in 2022. The total import value increased at an average annual rate of +6.2% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 579 | 386 | 450 | 648 | 3.8% |
| Turkey | 176 | 134 | 162 | 180 | 0.8% |
| France | 35.2 | 76.2 | 105 | 115 | 48.4% |
| Portugal | 82.6 | 107 | 66.5 | 107 | 9.0% |
| Germany | 28.1 | 67.0 | 78.2 | 97.4 | 51.3% |
| Italy | 54.1 | 62.8 | 70.1 | 89.3 | 18.2% |
| Morocco | 69.4 | 52.8 | 78.4 | 83.0 | 6.1% |
| India | 109 | 60.0 | 64.8 | 68.5 | -14.3% |
| Netherlands | 41.3 | 43.6 | 57.3 | 60.2 | 13.4% |
| Belgium | 30.5 | 33.2 | 46.5 | 54.0 | 21.0% |
| Others | 164 | 115 | 103 | 136 | -6.0% |
| Total | 1,370 | 1,137 | 1,283 | 1,639 | 6.2% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Spain in 2022:
- Bangladesh (312.3M units)
- Turkey (44.0M units)
- France (35.1M units)
- India (25.9M units)
- Morocco (22.2M units)
- Germany (19.7M units)
- Portugal (19.3M units)
- Belgium (11.1M units)
- Netherlands (9.5M units)
- Italy (8.7M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Spain
In 2022, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted from Spain declined slightly to 258M units, therefore, remained relatively stable against the previous year's figure. Overall, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by 18%. The exports peaked at 280M 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 rose modestly to $1.1B in 2022. The total export value increased at an average annual rate of +3.0% 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 with an increase of 30%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 123 | 108 | 139 | 149 | 6.6% |
| Italy | 122 | 88.6 | 118 | 127 | 1.3% |
| Portugal | 86.9 | 59.7 | 80.0 | 88.6 | 0.6% |
| Poland | 47.7 | 53.6 | 73.1 | 66.2 | 11.5% |
| Germany | 38.4 | 39.8 | 44.2 | 50.8 | 9.8% |
| United States | 27.1 | 25.0 | 36.2 | 36.0 | 9.9% |
| Mexico | 31.2 | 19.5 | 28.7 | 33.9 | 2.8% |
| Turkey | 19.3 | 15.7 | 19.5 | 25.8 | 10.2% |
| Greece | 27.3 | 16.9 | 23.0 | 25.7 | -2.0% |
| Netherlands | 20.6 | 15.8 | 22.1 | 23.6 | 4.6% |
| United Kingdom | 34.3 | 38.1 | 19.9 | 22.0 | -13.8% |
| Morocco | 9.7 | 6.8 | 11.0 | 18.9 | 24.9% |
| China | 40.2 | 32.2 | 26.8 | 16.7 | -25.4% |
| Others | 341 | 277 | 391 | 374 | 3.1% |
| Total | 968 | 797 | 1,032 | 1,058 | 3.0% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Spain in 2022:
- France (40.4M units)
- Italy (39.7M units)
- Portugal (25.7M units)
- Poland (21.2M units)
- Germany (10.0M units)
- Mexico (9.9M units)
- Morocco (9.2M units)
- United States (7.6M units)
- Greece (7.1M units)
- Turkey (6.1M units)
- Netherlands (5.6M units)
- United Kingdom (4.7M units)
- China (2.5M units)
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