Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in the United States - 2024
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in the United States (CIF) - 2024
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in the United States (FOB) - 2024
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in the United States
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in the United States
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in the United States (CIF) - 2024
In June 2024, the average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $2.0 per unit, increasing by 2.5% against the previous month. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in December 2023 when the average import price increased by 3.5% against the previous month. The import price peaked at $2.0 per unit in January 2024; afterwards, it flattened through to June 2024.
There were significant differences in the average prices amongst the major supplying countries. In June 2024, the country with the highest price was Vietnam ($2.6 per unit), while the price for the Dominican Republic ($1.3 per unit) was amongst the lowest.
From June 2023 to June 2024, the most notable rate of growth in terms of prices was attained by Mexico (+1.0%), 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 the United States (FOB) - 2024
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $2.4 per unit in June 2024, picking up by 5.9% against the previous month. Overall, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in July 2023 when the average export price increased by 10% against the previous month. As a result, the export price attained the peak level of $2.5 per unit. From August 2023 to June 2024, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Japan ($4.3 per unit), while the average price for exports to Honduras ($1.7 per unit) was amongst the lowest.
From June 2023 to June 2024, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+4.1%), 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 the United States
In 2022, the amount of t-shirts, singlets and other vests; of cotton, knitted or crocheted imported into the United States expanded sharply to 2.9B units, rising by 5.1% on 2021 figures. Over the period under review, total imports indicated a strong expansion from 2019 to 2022: its volume increased at an average annual rate of +6.7% 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 +50.3% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 43%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of t-shirts, singlets and other vests; of cotton, knitted or crocheted skyrocketed to $6.3B in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +11.3% 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 +79.3% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 45%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Nicaragua | 470 | 402 | 586 | 963 | 27.0% |
| Honduras | 590 | 381 | 622 | 771 | 9.3% |
| Bangladesh | 225 | 232 | 433 | 610 | 39.4% |
| India | 269 | 198 | 330 | 455 | 19.1% |
| El Salvador | 391 | 296 | 385 | 405 | 1.2% |
| Guatemala | 250 | 202 | 295 | 351 | 12.0% |
| Vietnam | 284 | 261 | 323 | 343 | 6.5% |
| Dominican Republic | 298 | 201 | 279 | 328 | 3.2% |
| Mexico | 301 | 251 | 331 | 327 | 2.8% |
| China | 356 | 240 | 340 | 325 | -3.0% |
| Haiti | 298 | 204 | 262 | 285 | -1.5% |
| Pakistan | 168 | 113 | 163 | 201 | 6.2% |
| Others | 657 | 522 | 741 | 918 | 11.8% |
| Total | 4,558 | 3,504 | 5,091 | 6,282 | 11.3% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to the United States in 2022:
- Nicaragua (403.8M units)
- Honduras (401.2M units)
- Bangladesh (335.3M units)
- Dominican Republic (223.1M units)
- El Salvador (206.9M units)
- India (204.3M units)
- Haiti (188.2M units)
- China (181.2M units)
- Guatemala (142.3M units)
- Mexico (141.7M units)
- Pakistan (120.0M units)
- Vietnam (118.4M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in the United States
In 2022, the amount of t-shirts, singlets and other vests; of cotton, knitted or crocheted exported from the United States skyrocketed to 480M units, jumping by 28% against 2021 figures. Overall, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +12.1% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +82.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted surged to $994M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +16.1% 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 +94.7% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 45% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 238 | 248 | 412 | 373 | 16.2% |
| Canada | 118 | 94.7 | 123 | 172 | 13.4% |
| Nicaragua | 0.1 | 1.6 | 12.1 | 165 | 1081.7% |
| Honduras | 9.1 | 3.3 | 13.6 | 42.9 | 67.7% |
| Guatemala | 0.7 | 3.7 | 14.5 | 39.7 | 284.2% |
| Japan | 37.8 | 33.2 | 31.0 | 30.9 | -6.5% |
| United Kingdom | 19.4 | 14.8 | 10.4 | 17.1 | -4.1% |
| El Salvador | 0.9 | 0.2 | 3.1 | 16.2 | 162.1% |
| Australia | 14.8 | 9.2 | 13.2 | 13.7 | -2.5% |
| Haiti | 47.5 | 2.1 | N/A | N/A | -95.6% |
| Others | 148 | 99.9 | 109 | 124 | -5.7% |
| Total | 635 | 511 | 742 | 994 | 16.1% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from the United States in 2022:
- Mexico (215.7M units)
- Nicaragua (98.7M units)
- Canada (46.4M units)
- Honduras (24.6M units)
- Guatemala (21.0M units)
- El Salvador (10.0M units)
- Japan (9.7M units)
- United Kingdom (7.2M units)
- Australia (6.6M units)
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