Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Uruguay - 2023
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Uruguay (CIF) - 2023
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Uruguay (FOB) - 2022
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Uruguay
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Uruguay
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Uruguay (CIF) - 2023
In December 2023, the average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $2.9 per unit, with an increase of 14% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $3.4 per unit in May 2023; however, from June 2023 to December 2023, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Brazil ($3.6 per unit), while the price for Mexico ($1.9 per unit) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Brazil (+0.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Uruguay (FOB) - 2022
The average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $4.7 per unit in 2022, picking up by 92% against the previous year. Over the period under review, the export price, however, showed a abrupt decline. Over the period under review, the average export prices reached the maximum at $13 per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brazil ($12 per unit), while the average price for exports to Peru ($2.3 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 Spain (+5.6%), 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 Uruguay
In 2022, the amount of t-shirts, singlets and other vests; of cotton, knitted or crocheted imported into Uruguay soared to 9.2M units, picking up by 17% against 2021. The total import volume increased at an average annual rate of +5.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 with an increase of 19%. Imports peaked in 2022 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 soared to $25M in 2022. Overall, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +7.5% 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 +65.6% against 2020 indices. 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 Uruguay (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 4.4 | 4.8 | 6.4 | 9.2 | 27.9% |
| China | 7.9 | 4.6 | 5.0 | 5.9 | -9.3% |
| Brazil | 2.2 | 1.8 | 2.6 | 4.0 | 22.1% |
| India | 2.9 | 1.9 | 1.7 | 3.0 | 1.1% |
| Mexico | 0.4 | 0.3 | 0.5 | 0.7 | 20.5% |
| Argentina | 0.5 | 0.4 | 0.8 | 0.5 | 0.0% |
| Others | 2.3 | 1.5 | 1.5 | 2.2 | -1.5% |
| Total | 20.5 | 15.4 | 18.6 | 25.5 | 7.5% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Uruguay in 2022:
- Bangladesh (3.7M units)
- China (2.4M units)
- Brazil (1.2M units)
- India (1.0M units)
- Mexico (0.4M units)
- Argentina (0.1M units)
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Uruguay
Exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted from Uruguay contracted remarkably to 8.5K units in 2022, waning by -71.2% compared with 2021. Over the period under review, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 576%. As a result, the exports attained the peak of 29K units, and then fell remarkably in the following year.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted contracted rapidly to $40K in 2022. In general, exports, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by 155%. As a result, the exports attained the peak of $73K, and then dropped sharply in the following year.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Uruguay (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Free Zones | 0.3 | 2.2 | 0.6 | 14.5 | 264.3% |
| Chile | 6.5 | 15.4 | 2.6 | 9.7 | 14.3% |
| Paraguay | 3.4 | N/A | 2.7 | 6.5 | 24.1% |
| Peru | N/A | N/A | 51.3 | 5.9 | -88.5% |
| Spain | 0.7 | 0.9 | N/A | 1.5 | 28.9% |
| United States | N/A | 6.1 | 14.2 | 1.1 | -57.5% |
| Guatemala | 0.4 | 0.5 | N/A | 1.0 | 35.7% |
| Brazil | 10.9 | 1.0 | N/A | N/A | -90.8% |
| Others | 1.7 | 2.3 | 1.2 | N/A | -16.0% |
| Total | 23.8 | 28.5 | 72.7 | 40.1 | 19.0% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Uruguay in 2022:
- Peru (2.6K units)
- Paraguay (2.4K units)
- Free Zones (1.7K units)
- Chile (1.4K units)
- Spain (0.2K units)
- United States (0.1K units)
- Guatemala (0.1K units)
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