Finland: T-Shirt Market Overview 2021

T-Shirt Market Size in Finland

In 2020, the Finnish t-shirt market decreased by -X% to $X for the first time since 2016, thus ending a three-year rising trend. Overall, consumption recorded a pronounced setback. The growth pace was the most rapid in 2019 with an increase of X% y-o-y. T-shirt consumption peaked at $X in 2008; however, from 2009 to 2020, consumption stood at a somewhat lower figure.

T-Shirt Production in Finland

In value terms, t-shirt production fell to $X in 2020 estimated in export prices. Over the period under review, production faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with a decrease of -X% y-o-y. T-shirt production peaked at $X in 2007; however, from 2008 to 2020, production stood at a somewhat lower figure.

T-Shirt Exports

Exports from Finland

In 2020, after two years of decline, there was significant growth in overseas shipments of t-shirts, when their volume increased by X% to X units. Overall, exports, however, showed a abrupt curtailment. Over the period under review, exports hit record highs at X units in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

In value terms, t-shirt exports skyrocketed to $X in 2020. Over the period under review, exports, however, showed a noticeable slump. Over the period under review, exports hit record highs at $X in 2013; however, from 2014 to 2020, exports stood at a somewhat lower figure.

Exports by Country

Estonia (X units) was the main destination for t-shirt exports from Finland, accounting for a X% share of total exports. Moreover, t-shirt exports to Estonia exceeded the volume sent to the second major destination, Sweden (X units), twofold. The third position in this ranking was occupied by Russia (X units), with a X% share.

From 2007 to 2020, the average annual growth rate of volume to Estonia totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (+X% per year) and Russia (-X% per year).

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

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

Export Prices by Country

In 2020, the average t-shirt export price amounted to $X per unit, rising by X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth appeared the most rapid in 2011 an increase of X% y-o-y. Over the period under review, average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2020, export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2020, the country with the highest price was Sweden ($X per unit), while the average price for exports to Estonia ($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 Sweden, while the prices for the other major destinations experienced more modest paces of growth.

T-Shirt Imports

Imports into Finland

In 2020, the amount of t-shirts imported into Finland dropped to X units, declining by -X% compared with 2019 figures. Over the period under review, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Imports peaked at X units in 2007; however, from 2008 to 2020, imports failed to regain the momentum.

In value terms, t-shirt imports reduced to $X in 2020. Overall, imports showed a pronounced contraction. The pace of growth appeared the most rapid in 2011 when imports increased by X% y-o-y. As a result, imports reached the peak of $X. From 2012 to 2020, the growth imports failed to regain the momentum.

Imports by Country

In 2020, Bangladesh (X units) constituted the largest supplier of t-shirt to Finland, with a X% share of total imports. Moreover, t-shirt imports from Bangladesh exceeded the figures recorded by the second-largest supplier, China (X units), fivefold. India (X units) ranked third in terms of total imports with a X% share.

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

In value terms, Bangladesh ($X), China ($X) and Turkey ($X) appeared to be the largest t-shirt suppliers to Finland, with a combined X% share of total imports. These countries were followed by India, Sweden, Portugal and Cambodia, which together accounted for a further X saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average t-shirt import price stood at $X per unit in 2020, flattening at the previous year. Over the period under review, the import price saw a mild decline. The most prominent rate of growth was recorded in 2008 an increase of X% year-to-year. The import price peaked at $X per unit in 2011; however, from 2012 to 2020, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Portugal ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

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

Source: IndexBox AI 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), with a combined 42% share of global consumption.

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

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China (6.7B units) remains the largest t-shirt producing country worldwide, accounting for 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 Finland?

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In value terms, the largest t-shirt suppliers to Finland were Bangladesh ($32M), China ($22M) and Turkey ($11M), together accounting for 57% of total imports. India, Sweden, Portugal and Cambodia lagged somewhat behind, together comprising a further 22%.

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

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In value terms, Sweden ($3.7M) remains the key foreign market for t-shirt exports from Finland, comprising 28% of total exports. The second position in the ranking was occupied by Estonia ($1.5M), with a 12% share of total exports. It was followed by Germany, with a 9.6% share.

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

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In 2020, the average t-shirt export price amounted to $9.1 per unit, surging by 14% against the previous year.

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

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The average t-shirt import price stood at $3.4 per unit in 2020, remaining stable against the previous year.