Ireland: T-Shirt Market Overview 2021

T-Shirt Market Size in Ireland

In 2020, after three years of growth, there was significant decline in the Irish t-shirt market, when its value decreased by -X% to $X. Overall, consumption, however, recorded a slight decline. The pace of growth was the most pronounced in 2015 when the market value increased by X% y-o-y. Over the period under review, the market hit record highs at $X in 2019, and then declined notably in the following year.

T-Shirt Exports

Exports from Ireland

In 2020, shipments abroad of t-shirts increased by X% to X units, rising for the second year in a row after two years of decline. In general, exports showed a resilient increase. The growth pace was the most rapid in 2010 when exports increased by X% against the previous year. As a result, exports attained the peak of X units. From 2011 to 2020, the growth exports remained at a lower figure.

In value terms, t-shirt exports dropped sharply to $X in 2020. Over the period under review, exports posted a pronounced increase. The most prominent rate of growth was recorded in 2010 when exports increased by X% year-to-year. As a result, exports attained the peak of $X. From 2011 to 2020, the growth exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for t-shirt exports from Ireland, accounting for a X% share of total exports. Moreover, t-shirt exports to the UK exceeded the volume sent to the second major destination, Germany (X units), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to the UK totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and France (+X% per year).

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

From 2007 to 2020, the average annual growth rate of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+X% per year) and France (+X% per year).

Export Prices by Country

The average t-shirt export price stood at $X per unit in 2020, reducing by -X% against the previous year. Overall, the export price continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2008 an increase of X% against the previous year. Over the period under review, average export prices reached the maximum at $X per unit in 2019, and then contracted notably in the following year.

Prices varied noticeably by the country of destination; the country with the highest price was Germany ($X per unit), while the average price for exports to the UK ($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 France, while the prices for the other major destinations experienced mixed trend patterns.

T-Shirt Imports

Imports into Ireland

After two years of growth, overseas purchases of t-shirts decreased by -X% to X units in 2020. Over the period under review, imports, however, enjoyed slight growth. The pace of growth was the most pronounced in 2015 when imports increased by X% y-o-y. Imports peaked at X units in 2019, and then reduced in the following year.

In value terms, t-shirt imports reduced notably to $X in 2020. Overall, imports, however, saw a pronounced reduction. The growth pace was the most rapid in 2015 when imports increased by X% year-to-year. As a result, imports reached the peak of $X. From 2016 to 2020, the growth imports remained at a lower figure.

Imports by Country

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

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

In value terms, the largest t-shirt suppliers to Ireland were the UK ($X), Bangladesh ($X) and China ($X), with a combined X% share of total imports.

Among the main suppliers, Bangladesh recorded the highest rates of growth with regard to the value of imports, 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, dropping by -X% against the previous year. In general, the import price saw a perceptible setback. 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 2013; however, from 2014 to 2020, import prices stood at a somewhat lower figure.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by the UK, while the prices for the other major suppliers experienced a decline.

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 (3.4B units), the U.S. (2.1B units) and India (1.4B units), together comprising 37% of global consumption. Pakistan, Indonesia, Germany, Bangladesh, Japan, Mexico, the UK, Spain, Turkey and Ethiopia lagged somewhat behind, together comprising a further 27%.

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

+

China (5.9B units) remains the largest t-shirt producing country worldwide, comprising approx. 30% of total volume. Moreover, t-shirt production in China exceeded the figures recorded by the second-largest producer, Bangladesh (2.6B units), twofold. India (1.7B units) ranked third in terms of total production with a 8.6% share.

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

+

In value terms, the UK ($50M), Bangladesh ($41M) and China ($23M) constituted the largest t-shirt suppliers to Ireland, with a combined 56% share of total imports.

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

+

In value terms, the UK ($11M) remains the key foreign market for t-shirt exports from Ireland, comprising 48% of total exports. The second position in the ranking was occupied by Germany ($3.8M), with a 16% share of total exports.

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

+

In 2020, the average t-shirt export price amounted to $2 per unit, falling by -64.8% against the previous year.

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

+

In 2020, the average t-shirt import price amounted to $2.3 per unit, dropping by -24.7% against the previous year.