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Finland - T-Shirts - Market Analysis, Forecast, Size, Trends and Insights
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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?
+
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?
+
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?
+
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?
+
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?
+
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?
+
The average t-shirt import price stood at $3.4 per unit in 2020, remaining stable against the previous year.

Product coverage:
• Prodcom 14143000 - T-shirts, singlets and vests, knitted or crocheted

This report provides an in-depth analysis of the t-shirt market in Finland. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.


Country coverage:
• Finland

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Finland
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2025
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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