CIS: T-Shirt Market 2024

T-Shirt Market Size in CIS

The CIS t-shirt market soared to $X in 2022, growing by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

T-Shirt Production in CIS

In value terms, t-shirt production soared to $X in 2022 estimated in export price. Over the period under review, production showed moderate growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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T-Shirt Exports

Exports in CIS

In 2022, after two years of decline, there was significant growth in shipments abroad of t-shirts, when their volume increased by X% to X units. In general, exports enjoyed significant growth. The growth pace was the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, t-shirt exports reduced modestly to $X in 2022. Over the period under review, exports enjoyed a perceptible increase. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Uzbekistan (X units), Kyrgyzstan (X units) and Moldova (X units) represented the key exporter of t-shirts in the CIS, committing X% of total export. Belarus (X units) ranks next in terms of the total exports with a X% share, followed by Russia (X%). Armenia (X units) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Uzbekistan (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X), Uzbekistan ($X) and Moldova ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Uzbekistan, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, waning by X% against the previous year. Overall, the export price showed a deep reduction. The pace of growth was the most pronounced in 2020 an increase of X% against the previous year. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per unit), while Kyrgyzstan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other leaders experienced a decline in the export price figures.

T-Shirt Imports

Imports in CIS

In 2022, approx. X units of t-shirts were imported in the CIS; picking up by X% against 2021. Over the period under review, imports continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, t-shirt imports rose markedly to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Russia (X units) was the major importer of t-shirts, committing X% of total imports. Kyrgyzstan (X units) ranks second in terms of the total imports with a X% share, followed by Kazakhstan (X%), Belarus (X%) and Azerbaijan (X%). Tajikistan (X units) held a little share of total imports.

Imports into Russia increased at an average annual rate of X% from 2012 to 2022. At the same time, Azerbaijan (X%), Belarus (X%), Kyrgyzstan (X%), Kazakhstan (X%) and Tajikistan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of X% from 2012-2022. Kyrgyzstan (X p.p.), Azerbaijan (X p.p.), Belarus (X p.p.) and Kazakhstan (X p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Russia, t-shirt imports declined by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Kyrgyzstan (X% per year) and Kazakhstan (X% per year).

Import Prices by Country

In 2022, the import price in the CIS amounted to $X per unit, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2013 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Kyrgyzstan ($X per unit), while Tajikistan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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