Denmark: T-Shirt Market Overview 2021

T-Shirt Market Size in Denmark

In 2020, the Danish t-shirt market decreased by -X% to $X, falling for the second year in a row after three years of growth. In general, consumption saw a abrupt decline. The pace of growth was the most pronounced in 2010 when the market value increased by X% against the previous year. T-shirt consumption peaked at $X in 2007; however, from 2008 to 2020, consumption stood at a somewhat lower figure.

T-Shirt Production in Denmark

In value terms, t-shirt production expanded slightly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2008 when the production volume increased by X% y-o-y. T-shirt production peaked at $X in 2012; however, from 2013 to 2020, production stood at a somewhat lower figure.

T-Shirt Exports

Exports from Denmark

T-shirt exports from Denmark surged to X units in 2020, with an increase of X% compared with the previous year. Over the period under review, total exports indicated a resilient increase from 2007 to 2020: its volume increased at an average annual rate of +X% over the last thirteen-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Exports peaked in 2020 and are expected to retain growth in the near future.

In value terms, t-shirt exports skyrocketed to $X in 2020. Overall, total exports indicated strong growth from 2007 to 2020: its value increased at an average annual rate of +X% over the last thirteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when exports increased by X% y-o-y. Exports peaked in 2020 and are expected to retain growth in years to come.

Exports by Country

Germany (X units) was the main destination for t-shirt exports from Denmark, accounting for a X% share of total exports. Moreover, t-shirt exports to Germany exceeded the volume sent to the second major destination, Sweden (X units), fourfold. The Netherlands (X units) ranked third in terms of total exports with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and the Netherlands (+X% per year).

In value terms, Germany ($X) remains the key foreign market for t-shirt exports from Denmark, comprising X% of total exports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value to Germany stood at +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and the Netherlands (+X% per year).

Export Prices by Country

In 2020, the average t-shirt export price amounted to $X per unit, jumping by X% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The export price peaked at $X per unit in 2008; however, from 2009 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major foreign markets. In 2020, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Spain ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Poland, while the prices for the other major destinations experienced more modest paces of growth.

T-Shirt Imports

Imports into Denmark

In 2020, supplies from abroad of t-shirts decreased by -X% to X units, falling for the third consecutive year after two years of growth. In general, imports continue to indicate a slight reduction. The most prominent rate of growth was recorded in 2010 when imports increased by X% y-o-y. Over the period under review, imports reached the maximum at X units in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, t-shirt imports dropped to $X in 2020. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% y-o-y. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2020, imports failed to regain the momentum.

Imports by Country

In 2020, Bangladesh (X units) constituted the largest t-shirt supplier to Denmark, with a X% share of total imports. Moreover, t-shirt imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Turkey (X units), fourfold. The third position in this ranking was occupied by China (X units), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Bangladesh amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and China (-X% per year).

In value terms, Bangladesh ($X) constituted the largest supplier of t-shirt to Denmark, comprising X% of total imports. The second position in the ranking was occupied by Turkey ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of value from Bangladesh stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and China (-X% per year).

Import Prices by Country

The average t-shirt import price stood at $X per unit in 2020, stabilizing at the previous year. Over the period from 2007 to 2020, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2008 an increase of X% against the previous year. The import price peaked at $X per unit in 2011; however, from 2012 to 2020, import prices failed to regain the momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was Poland ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Poland, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for t-shirts in the world?

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The countries with the highest volumes of t-shirt consumption in 2020 were China (4.5B units), the U.S. (2.3B units) and India (1.8B units), together comprising 42% of global consumption.

What are the largest producers of t-shirts in the world?

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The country with the largest volume of t-shirt production was China (6.7B units), comprising approx. 30% of total volume. Moreover, t-shirt production in China exceeded the figures recorded by the second-largest producer, Bangladesh (3B units), twofold. The third position in this ranking was occupied by India (2.5B units), with a 11% share.

What are the leading suppliers of t-shirts to Denmark?

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In value terms, Bangladesh ($140M) constituted the largest supplier of t-shirt to Denmark, comprising 32% of total imports. The second position in the ranking was occupied by Turkey ($59M), with a 13% share of total imports. It was followed by China, with a 10% share.

What are the leading importers of t-shirts from Denmark?

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In value terms, Germany ($146M) remains the key foreign market for t-shirt exports from Denmark, comprising 34% of total exports. The second position in the ranking was occupied by Sweden ($41M), with a 9.6% share of total exports. It was followed by the Netherlands, with a 9.4% share.

What is the average export price for t-shirts in Denmark?

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The average t-shirt export price stood at $6.1 per unit in 2020, increasing by 17% against the previous year.

What is the average import price for t-shirts in Denmark?

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In 2020, the average t-shirt import price amounted to $4.3 per unit, stabilizing at the previous year.