EU: T-Shirt Market 2024

T-Shirt Market Size in the EU

In 2022, the EU t-shirt market increased by X% to $X, rising for the second year in a row after two years of decline. 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 in certain years. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

T-Shirt Production in the EU

In value terms, t-shirt production fell dramatically to $X in 2022 estimated in export price. Over the period under review, production showed a prominent increase. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X, and then shrank sharply in the following year.

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T-Shirt Exports

Exports in the EU

T-shirt exports soared to X units in 2022, rising by X% against the previous year. In general, exports posted a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, t-shirt exports rose significantly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Spain (X units) represented the major exporter of t-shirts, achieving X% of total exports. It was distantly followed by the Netherlands (X units), Germany (X units) and Belgium (X units), together constituting a X% share of total exports. Poland (X units), Portugal (X units), Slovakia (X units) and the Czech Republic (X units) held a minor share of total exports.

Spain was also the fastest-growing in terms of the t-shirts exports, with a CAGR of X% from 2012 to 2022. At the same time, the Netherlands (X%), Poland (X%), the Czech Republic (X%), Slovakia (X%), Germany (X%), Belgium (X%) and Portugal (X%) displayed positive paces of growth. While the share of Spain (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Portugal (X p.p.), Germany (X p.p.) and Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the Netherlands ($X) and Spain ($X) were the countries with the highest levels of exports in 2022, together comprising X% of total exports. Belgium, Poland, Portugal, the Czech Republic and Slovakia lagged somewhat behind, together accounting for a further X%.

In terms of the main exporting countries, Poland, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the export price faced a deep downturn. The growth pace was the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while Spain ($X per unit) was amongst the lowest.

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

T-Shirt Imports

Imports in the EU

In 2022, purchases abroad of t-shirts increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports enjoyed a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, t-shirt imports surged to $X in 2022. In general, imports showed a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Germany (X units) and Spain (X units) represented the key importers of t-shirts in the European Union, together generating X% of total imports. Italy (X units) held the next position in the ranking, followed by Belgium (X units). All these countries together took near X% share of total imports. The following importers - the Netherlands (X units) and France (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

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

In Germany, t-shirt imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Spain (X% per year) and Italy (X% per year).

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, declining by X% against the previous year. Overall, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

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

Source: IndexBox Platform

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