Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Vietnam - 2022
Contents:
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Vietnam (FOB) - 2022
- Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Vietnam (CIF) - 2022
- Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Vietnam
- Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Vietnam
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Vietnam (FOB) - 2022
In 2022, the average export price for t-shirts, singlets and other vests; of cotton, knitted or crocheted amounted to $4.5 per unit, which is down by -5.5% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by 17% against the previous year. Over the period under review, the average export prices attained the maximum at $5.2 per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($4.5 per unit) and Australia ($4.5 per unit), while the average price for exports to Canada ($4.5 per unit) and South Korea ($4.5 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.1%), while the prices for the other major destinations experienced more modest paces of growth.
Price for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Vietnam (CIF) - 2022
The average import price for t-shirts, singlets and other vests; of cotton, knitted or crocheted stood at $3.9 per unit in 2022, declining by -33.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 84% against the previous year. The import price peaked at $5.8 per unit in 2021, and then fell rapidly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were India ($3.9 per unit) and Indonesia ($3.9 per unit), while the price for Malaysia ($3.9 per unit) and China ($3.9 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+1.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Vietnam
Exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted from Vietnam amounted to 342M units in 2022, rising by 8.2% compared with the year before. The total export volume increased at an average annual rate of +5.6% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 8.6% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
In value terms, exports of t-shirts, singlets and other vests; of cotton, knitted or crocheted expanded slightly to $1.5B in 2022. The total export value increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when exports increased by 27% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 620 | 518 | 661 | 647 | 1.4% |
| Japan | 239 | 220 | 248 | 280 | 5.4% |
| South Korea | 114 | 93.0 | 116 | 105 | -2.7% |
| Netherlands | 53.1 | 39.8 | 68.2 | 77.3 | 13.3% |
| China | 106 | 83.3 | 87.4 | 65.2 | -15.0% |
| Canada | 24.8 | 24.3 | 21.8 | 37.6 | 14.9% |
| Italy | 25.3 | 19.9 | 21.3 | 28.6 | 4.2% |
| Belgium | 5.9 | 14.6 | 35.3 | 28.3 | 68.6% |
| Russia | 19.3 | 13.3 | 32.1 | 24.4 | 8.1% |
| Australia | 12.7 | 9.6 | 22.9 | 23.5 | 22.8% |
| Hong Kong SAR | 28.3 | 23.6 | 23.3 | 23.2 | -6.4% |
| Others | 137 | 120 | 165 | 195 | 12.5% |
| Total | 1,386 | 1,179 | 1,502 | 1,535 | 3.5% |
Top Export Markets for T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted from Vietnam in 2022:
- United States (144.3M units)
- Japan (62.4M units)
- South Korea (23.5M units)
- Netherlands (17.2M units)
- China (14.6M units)
- Canada (8.4M units)
- Italy (6.4M units)
- Belgium (6.3M units)
- Russia (5.4M units)
- Australia (5.3M units)
- Hong Kong SAR (5.2M units)
Imports of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted in Vietnam
In 2022, purchases abroad of t-shirts, singlets and other vests; of cotton, knitted or crocheted increased by 670% to 33M units for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted a significant increase. As a result, imports reached 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 surged to $129M in 2022. Over the period under review, imports posted significant growth. 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 Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.5 | 16.8 | 10.2 | 58.1 | 49.2% |
| Bangladesh | 6.3 | 3.8 | 4.0 | 18.1 | 42.2% |
| Italy | 3.0 | 1.6 | 2.4 | 14.2 | 67.9% |
| Turkey | 3.1 | 1.4 | 1.4 | 7.1 | 31.8% |
| Pakistan | 2.1 | 1.2 | 0.9 | 6.0 | 41.9% |
| Cambodia | 1.6 | 0.8 | 1.1 | 5.1 | 47.2% |
| India | 1.7 | 1.2 | 1.1 | 4.7 | 40.4% |
| Portugal | 3.2 | 1.3 | 1.1 | 4.5 | 12.0% |
| Indonesia | 1.4 | 0.8 | 0.6 | 2.8 | 26.0% |
| Morocco | 1.0 | 0.3 | 0.3 | 2.1 | 28.1% |
| South Korea | 1.7 | 0.8 | 0.4 | 1.3 | -8.6% |
| Others | 4.9 | 2.2 | 1.7 | 5.2 | 2.0% |
| Total | 47.4 | 32.2 | 25.1 | 129 | 39.6% |
Top Suppliers of T-Shirts, Singlets and Other Vests; of Cotton, Knitted or Crocheted to Vietnam in 2022:
- China (15.1M units)
- Bangladesh (4.7M units)
- Italy (3.7M units)
- Turkey (1.8M units)
- Pakistan (1.6M units)
- Cambodia (1.3M units)
- Portugal (1.2M units)
- India (1.2M units)
- Indonesia (0.7M units)
- Morocco (0.5M units)
- South Korea (0.3M units)
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