MERCOSUR: T-Shirt Market 2024

T-Shirt Market Size in MERCOSUR

After two years of growth, the MERCOSUR t-shirt market decreased by X% to $X in 2023. Over the period under review, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

T-Shirt Production in MERCOSUR

In value terms, t-shirt production stood at $X in 2023 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

T-Shirt Exports

Exports in MERCOSUR

In 2023, exports of t-shirts in MERCOSUR rose slightly to X units, with an increase of X% compared with 2022 figures. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2022 to 2023, the growth of the exports remained at a lower figure.

In value terms, t-shirt exports dropped slightly to $X in 2023. In general, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Peru was the key exporter of t-shirts in MERCOSUR, with the volume of exports accounting for X units, which was near X% of total exports in 2023. It was distantly followed by Colombia (X units), creating an X% share of total exports. Brazil (X units) held a minor share of total exports.

Peru experienced a relatively flat trend pattern with regard to volume of exports of t-shirts. At the same time, Brazil (X%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2023. By contrast, Colombia (X%) illustrated a downward trend over the same period. While the share of Peru (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Peru ($X) remains the largest t-shirt supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with an X% share of total exports.

In Peru, t-shirt exports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Colombia (X% per year) and Brazil (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per unit in 2023, falling by X% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Peru ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced a decline in the export price figures.

T-Shirt Imports

Imports in MERCOSUR

In 2023, the amount of t-shirts imported in MERCOSUR reduced to X units, dropping by X% on 2022. In general, imports saw a pronounced descent. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of X units. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, t-shirt imports dropped sharply to $X in 2023. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2022, and then shrank remarkably in the following year.

Imports by Country

Chile (X units), Brazil (X units) and Peru (X units) represented roughly X% of total imports in 2023. Colombia (X units) took an X% share (based on physical terms) of total imports, which put it in second place, followed by Uruguay (X%) and Venezuela (X%). Ecuador (X units) took a minor share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Peru (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported t-shirts in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Peru, with a X% share.

In Chile, t-shirt imports remained relatively stable over the period from 2012-2023. In the other countries, the average annual rates were as follows: Brazil (X% per year) and Peru (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per unit, waning by X% against the previous year. Import price indicated temperate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, t-shirt import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Chile ($X per unit), while Venezuela ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Chile (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform