Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Thailand - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Thailand (CIF) - 2024
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Thailand (FOB) - 2022
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Thailand
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Thailand
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Thailand (CIF) - 2024
The average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $3.8 per unit in May 2024, growing by 7.2% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 30% month-to-month. The import price peaked at $4.5 per unit in February 2024; however, from March 2024 to May 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In May 2024, the country with the highest price was South Korea ($14.5 per unit), while the price for China ($1.8 per unit) was amongst the lowest.
From May 2023 to May 2024, the most notable rate of growth in terms of prices was attained by Cambodia (+2.4%), 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 Thailand (FOB) - 2022
In 2022, the average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $1.9 per unit, picking up by 2.9% against the previous year. Over the period under review, the export price, however, showed a noticeable slump. The growth pace was the most rapid in 2019 an increase of 24%. As a result, the export price reached the peak level of $2.9 per unit. From 2020 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($2.5 per unit), while the average price for exports to the Philippines ($1.1 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 Ghana (+5.7%), 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 Thailand
Imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted into Thailand soared to 35M units in 2022, with an increase of 40% on 2021 figures. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +52.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted skyrocketed to $127M in 2022. In general, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +9.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained 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 Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 37.4 | 30.6 | 27.7 | 40.4 | 2.6% |
| Vietnam | 13.7 | 13.3 | 11.7 | 17.6 | 8.7% |
| Cambodia | 7.9 | 9.3 | 9.4 | 12.1 | 15.3% |
| Bangladesh | 8.0 | 7.2 | 8.0 | 11.0 | 11.2% |
| Turkey | 3.7 | 3.3 | 2.4 | 3.6 | -0.9% |
| India | 3.1 | 2.8 | 2.5 | 3.1 | 0.0% |
| Others | 22.9 | 25.3 | 24.5 | 39.0 | 19.4% |
| Total | 96.8 | 91.8 | 86.2 | 127 | 9.5% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Thailand in 2022:
- China (20.2M units)
- Cambodia (4.4M units)
- Vietnam (3.9M units)
- Bangladesh (3.7M units)
- India (0.9M units)
- Turkey (0.5M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Thailand
For the fourth consecutive year, Thailand recorded growth in shipments abroad of t-shirts, singlets and other vests; of cotton, knitted or crocheted, which increased by 4.3% to 65M units in 2022. Overall, total exports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +18.4% 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 +65.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Over the period under review, the exports of attained the maximum in 2022 and are expected to retain growth in the immediate term.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted expanded markedly to $126M in 2022. The total export value increased at an average annual rate of +3.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 23%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 39.0 | 30.2 | 29.5 | 29.5 | -8.9% |
| United States | 23.3 | 16.8 | 15.7 | 20.0 | -5.0% |
| Tanzania | 3.7 | 8.1 | 19.0 | 12.5 | 50.1% |
| Togo | 0.3 | 0.6 | 4.6 | 5.6 | 165.3% |
| Myanmar | 5.3 | 3.0 | 5.6 | 5.0 | -1.9% |
| Singapore | 6.7 | 3.3 | 3.8 | 4.3 | -13.7% |
| Angola | N/A | 0.3 | 0.6 | 3.8 | 255.9% |
| Philippines | 2.1 | 2.0 | 1.3 | 3.2 | 15.1% |
| Ghana | 0.3 | 1.0 | 1.6 | 2.7 | 108.0% |
| Nigeria | 2.1 | 1.8 | 2.5 | 2.4 | 4.6% |
| Guinea | N/A | 0.1 | 1.0 | 2.2 | 369.0% |
| Burkina Faso | 0.1 | 2.5 | 2.3 | 1.8 | 162.1% |
| Mozambique | 0.1 | 0.4 | 1.4 | 1.8 | 162.1% |
| Others | 32.2 | 25.5 | 28.4 | 31.0 | -1.3% |
| Total | 115 | 95.7 | 117 | 126 | 3.1% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Thailand in 2022:
- Japan (11.6M units)
- Tanzania (10.8M units)
- United States (8.5M units)
- Togo (4.4M units)
- Singapore (3.1M units)
- Myanmar (2.9M units)
- Philippines (2.9M units)
- Angola (2.7M units)
- Ghana (2.0M units)
- Guinea (1.7M units)
- Nigeria (1.7M units)
- Burkina Faso (1.5M units)
- Mozambique (1.5M units)
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