Denmark: T-Shirt Market Overview 2020

T-Shirt Market Size in Denmark

The revenue of the t-shirt market in Denmark amounted to $X in 2018, picking up by X% against the previous year. In general, t-shirt consumption, however, continues to indicate a perceptible drop. The most prominent rate of growth was recorded in 2009 with an increase of X% y-o-y. T-shirt consumption peaked at $X in 2011; however, from 2012 to 2018, consumption stood at a somewhat lower figure.

T-Shirt Production in Denmark

In value terms, t-shirt production stood at $X in 2018 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2018; however, the trend pattern indicated some noticeable fluctuations being recorded over the period under review. The pace of growth was the most pronounced in 2008 when production volume increased by X% year-to-year. T-shirt production peaked at $X in 2013; however, from 2014 to 2018, production remained at a lower figure.

T-Shirt Exports

Exports from Denmark

In 2018, the exports of t-shirts from Denmark stood at X tonnes, growing by X% against the previous year. In general, the total exports indicated strong growth from 2007 to 2018: its volume 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 2018 figures, t-shirt exports increased by +X% against 2011 indices. The most prominent rate of growth was recorded in 2008 with an increase of X% y-o-y. In that year, t-shirt exports reached their peak of X tonnes. From 2009 to 2018, the growth of t-shirt exports failed to regain its momentum.

In value terms, t-shirt exports amounted to $X in 2018. Overall, the total exports indicated resilient growth from 2007 to 2018: its value 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 2018 figures, t-shirt exports increased by +X% against 2014 indices. The pace of growth was the most pronounced in 2008 when exports increased by X% against the previous year. Over the period under review, t-shirt exports reached their maximum in 2018 and are likely to see steady growth in the immediate term.

Exports by Country

Germany (X tonnes) 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 tonnes), threefold. The third position in this ranking was occupied by the Netherlands (X tonnes), with a X% share.

From 2007 to 2018, the average annual growth rate of volume to Germany totaled +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 ($X) remains the key foreign market for t-shirt exports from Denmark, comprising X% of total t-shirt exports. The second position in the ranking was occupied by Sweden ($X), with a X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2007 to 2018, 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

The average t-shirt export price stood at $X per tonne in 2018, dropping by -X% against the previous year. Over the period from 2007 to 2018, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2009 when the average export price increased by X% year-to-year. The export price peaked at $X per tonne in 2013; however, from 2014 to 2018, export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination; the country with the highest price was the Netherlands ($X per tonne), while the average price for exports to Austria ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands, while the prices for the other major destinations experienced more modest paces of growth.

T-Shirt Imports

Imports into Denmark

In 2018, the imports of t-shirts into Denmark stood at X tonnes, jumping by X% against the previous year. In general, t-shirt imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 with an increase of X% year-to-year. Over the period under review, t-shirt imports reached their peak figure in 2018 and are expected to retain its growth in the immediate term.

In value terms, t-shirt imports stood at $X in 2018. Over the period under review, t-shirt imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2010 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2018, imports remained at a lower figure.

Imports by Country

In 2018, Bangladesh (X tonnes) constituted the largest t-shirt supplier to Denmark, accounting for a X% share of total imports. Moreover, t-shirt imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Turkey (X tonnes), fourfold. Germany (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2018, the average annual growth rate of volume from Bangladesh totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-X% per year) and Germany (+X% per year).

In value terms, Bangladesh ($X), Turkey ($X) and Germany ($X) were the largest t-shirt suppliers to Denmark, together accounting for X% of total imports.

In terms of the main suppliers, Bangladesh recorded the highest growth rate of imports, over the last eleven-year period, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The average t-shirt import price stood at $X per tonne in 2018, falling by -X% against the previous year. Over the period under review, the t-shirt import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of X% year-to-year. In that year, the average import prices for t-shirts reached their peak level of $X per tonne. From 2017 to 2018, the growth in terms of the average import prices for t-shirts failed to regain its momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2018, the country with the highest price was the Netherlands ($X per tonne), while the price for Bangladesh ($X per tonne) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform