Latest Report Update: Nov 25, 2019

World - T-Shirts - Market Analysis, Forecast, Size, Trends and Insights

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service and Privacy Policy. We'll occasionally send you account related emails.

Article Publishing Date: Aug 3, 2018

The U.S. and China Remain the Main Consumers of T-Shirts

IndexBox has just published a new report "World: T-Shirts - Market Report. Analysis and Forecast to 2025". Here is a summary of the report’s key findings.

The T-Shirt Market Volume Improved Notably Over the Last Year

In 2016, the global T-shirt market grew to X units, rising by an average growth rate of X% over the last nine years. In wholesale prices, the market totaled $ X in 2016, which was X% above the previous year level. This figure reflects the total revenue of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which are included in the final consumer price). The following a slight decline, the market expanded at a double-digit rate from 2010-2011, subsequently levelling off over the next two years. Afterwards, it declined noticeably from 2014-2015 and then bounced back slightly in 2016.

In The Medium Term, the T-Shirt Market Is Set to Continue Moderate Growth

According to IndexBox estimates, T-shirt consumption is set to maintain an upward growth trend in the immediate term, due to the recovery seen in the global economy, the process of ongoing urbanization, the rising population, and increasing income levels. The global upward trend of the T-shirt market is expected to continue with +X% in the medium term.

The global T-shirt market will develop and expand at various rates in different regions. While the economically mature markets of the U.S., Canada, and Western Europe are close to their saturation point in terms of T-shirt consumption, emerging economies, such as China, India, Russia, and Brazil are far from saturated. Therefore, the market will grow both driven by developed countries, where T-shirts will continue to enjoy popularity, and developing countries in Asia.

The U.S. and China Remain the Main Consumers of T-Shirts

The countries with the highest consumption were the U.S. (X%), China (X%), the U.K. (X%), India (X%), Canada (X%), Japan (X%), Germany (X%), Italy (X%), South Korea (X%), and France (X%). The other countries comprised almost X% of global consumption.

The highest annual growth rates in terms of T-shirt consumption from 2007 to 2016 were recorded in China, with a X% growth, India and Japan, with X% and X% growth, respectively. Consequently, China significantly strengthened its share in terms of global consumption from X% in 2007 to X% in 2016. By contrast, the share of France (-X percentage points), Spain and the U.K. (-X percentage points) declined over the period under review.

Amongst the leading consuming countries, high levels of per capita consumption (X units/year in 2016), the U.S. and the U.K. (X units/year), which were significantly higher than the world average of X units/year. From 2007 to 2016, per capita consumption in the U.S. grew by X% per year; in Canada and the U.K. it declined by -X% per year and -X% per year respectively. Annual growth of per capita consumption from 2007 to 2016 was most notable in China, with X% growth.

Garments and Accessories, Jerseys and Shirts Appear to Be an Attractive Product for o Business Diversification

T-shirts, singlets and other vests, jerseys, pullovers, cardigans, waistcoats and similar articles, trousers, bib and brace overalls, breeches and shorts and garments and clothing accessories are the most in-demand products on the world market - they are characterized not only by a large market volume and high per capita consumption, but also increasing exports.

Moreover, world prices for garments and clothing accessories, shirts and jerseys, pullovers, cardigans, waistcoats and similar articles are not only relatively high, but they are growing, which makes these products attractive for business diversification.

China, Cambodia, India, Bangladesh and Viet Nam Are the Most Promising Supplying Countries

Despite declining exports, China is a promising supplying country, as it remains the world's largest producer of t-shirts and their main supplier in the global market. Export prices in China (about $ X per unit) are just below the world average, however, they have been increasing in recent years.

However, part of the export-oriented production is transferred to other Asian countries, since there the cost of labor is lower than in China. Promising suppliers of products are Cambodia and India - these countries have seen a significant increase in export supplies against the backdrop of growing national production, while export prices remain rather low and at the same time are declining. Bangladesh and Viet Nam are also promising countries, as the production and export of T-shirts is growing, despite the relatively high export prices.

The Markets of the USA, Japan and Germany Are the Most Attractive for World Exporters

The U.S. remain the most attractive market for global suppliers of T-shirts, thanks to the large volume of imports (X% in the global volume) and its growth, which is due to high income and consumer demand. On the other hand, import prices in the U.S. are much lower than the world average, which is due to a significant supply of very cheap products from neighbouring Latin American countries.

Other attractive markets for foreign suppliers are Japan and Germany. T-shirt markets in these countries are, firstly, growing steadily, and, secondly, are almost completely provided with imports of products. At the same time, the average import prices for T-shirts in these countries exceed the world average, which contributes to the growth of foreign suppliers' revenues.

T-shirt Production Continued Its Growth

T-shirt production increased from X units in 2007 to X units in 2016, expanding by +X% per year. In value terms, production stood at $ X in 2016, with only a slight increase compared to the previous year. Overall, from 2007 to 2016, the average annual growth rate with regard to production value amounted to +X%.

Asian Countries Continue to Lead the Way in T-Shirt Production

China appeared as the key world T-shirt producing country with an output of about X units in 2016, which accounted for X% of total global output. The other major producers were Bangladesh (X%), India (X%), Turkey (X%), Viet Nam (X%), the US (X%), Cambodia (X%) and Mexico (X%).

Despite the fact that China remains a key global centre for the production of T-shirts, production is gradually shifting to the other countries in Asia, where manufacturing costs of light industry products are significantly lower than in China. Therefore, Cambodia (+X% per year), Viet Nam (+X%), Bangladesh (+X% per year) and India (+X%) experienced the most notable growth in T-shirt production over the period under review. At the same time, production in China indicated more modest paces of growth.

Approx. X% of Total T-Shirt Consumption Was Sent to Exports

T-shirts are a widely traded commodity, with the share of export in total output standing at approx. X% from 2007-2016. The high trade intensity is determined mainly by the substantial distances between the main T-shirt manufacturing and key consuming countries. T-shirts will continue to be highly traded, fueled by increased consumption, trade liberalization policies, and intense global and regional integration.

China, Bangladesh, India and Turkey Constitute the Largest Exporters of T-Shirts

In 2016, the volume of global T-shirt exports totaled X units, a X% growth from the previous year. In value terms, exports remained relatively stable over the last year at $X in 2016.

China (X% of total exports), Bangladesh (X%), India (X%), Turkey (X%), the U.S. (X%), Viet Nam and Cambodia (X%, each) were the main global suppliers of T-shirts. From 2007 to 2016, Viet Nam (+X% per year), Bangladesh (+X% per year) and India (+X%) were the fastest growing suppliers amongst the major exporters. The increased exports in these countries became feasible as a result of the increase in labour costs. While the share of Bangladesh (+X percentage points), India (+X percentage points) and Viet Nam (+X percentage points) increased, the share of China (-X percentage points) is displayed a negative dynamic. The shares of the other countries remained relatively stable throughout the analyzed period.

The U.S. Account for Approx. X% of Global T-shirt Imports

The volume of global T-shirt imports increased by X% over the last year to X units in 2016, which was equal to $X. The imports trend pattern generally mirrored that of exports: these trade flows globally complement each other.

In 2016, the U.S. (X%) was the leading destination for T-shirt imports, followed by Germany, the U.K. (X%, each), Japan, Italy, France (X%, each) and Spain (X%). From 2007 to 2016, Japan (+X%) and the U.S. (+X%) had the highest growth rates of imports. The remaining importing countries showed more moderate or even negative paces of growth. The U.S. (+X percentage points) strengthened its position in terms of the global imports, while the UK and France (-X percentage points, each) saw its share reduced from 2007 to 2016. The shares of the other countries remained relatively stable throughout the analyzed period.

Do you want to know more about global t-shirt market? Get the latest trends and insight from our report. It includes a wide range of statistics on

  • t-shirt market share
  • t-shirt prices
  • t-shirt industry
  • t-shirt sales
  • t-shirt import
  • t-shirt export
  • t-shirt market forecast
  • t-shirt price forecast
  • key t-shirt producers

Source: IndexBox AI Platform

Product coverage:
• Prodcom 14143000 - T-shirts, singlets and vests, knitted or crocheted

This report provides an in-depth analysis of the global t-shirt market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Production in World, split by region and country
• Trade (exports and imports) in World
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2025
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2018
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2018
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2018
Table 2:
Market Volume, In Physical Terms, 2007–2018
Table 3:
Market Value, 2007–2018
Table 4:
Per Capita Consumption, By Country, 2015–2018
Table 5:
Production, In Physical Terms, By Country, 2007–2018
Table 6:
Imports, In Physical Terms, By Country, 2007–2018
Table 7:
Imports, In Value Terms, By Country, 2007–2018
Table 8:
Import Prices, By Country Of Destination, 2007–2018
Table 9:
Exports, In Physical Terms, By Country, 2007–2018
Table 10:
Exports, In Value Terms, By Country, 2007–2018
Table 11:
Export Prices, By Country Of Origin, 2007–2018
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2018
Figure 2:
Market Value, 2007–2018
Figure 3:
Consumption, By Country, 2018
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2018
Figure 17:
Production, In Value Terms, 2007–2018
Figure 18:
Production, By Country, 2018
Figure 19:
Production, In Physical Terms, By Country, 2007–2018
Figure 20:
Imports, In Physical Terms, 2007–2018
Figure 21:
Imports, In Value Terms, 2007–2018
Figure 22:
Imports, In Physical Terms, By Country, 2018
Figure 23:
Imports, In Physical Terms, By Country, 2007–2018
Figure 24:
Imports, In Value Terms, By Country, 2007–2018
Figure 25:
Import Prices, By Country, 2007–2018
Figure 26:
Exports, In Physical Terms, 2007–2018
Figure 27:
Exports, In Value Terms, 2007–2018
Figure 28:
Exports, In Physical Terms, By Country, 2018
Figure 29:
Exports, In Physical Terms, By Country, 2007–2018
Figure 30:
Exports, In Value Terms, By Country, 2007–2018
Figure 31:
Export Prices, 2007–2018
Ready to Get Started?

We can help you conduct market research and write a report using the most reliable data

Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data