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Singapore - T-Shirts - Market Analysis, Forecast, Size, Trends and Insights
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Singapore: T-Shirt Market Overview 2021

T-Shirt Market Size in Singapore

In 2020, the Singaporean t-shirt market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a noticeable slump. The most prominent rate of growth was recorded in 2019 when the market value increased by X% against the previous year. T-shirt consumption peaked at $X in 2007; however, from 2008 to 2020, consumption failed to regain the momentum.

T-Shirt Production in Singapore

In value terms, t-shirt production contracted significantly to $X in 2020 estimated in export prices. Over the period under review, production, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, production hit record highs at $X in 2007; however, from 2008 to 2020, production failed to regain the momentum.

T-Shirt Exports

Exports from Singapore

After two years of growth, shipments abroad of t-shirts decreased by -X% to X units in 2020. Over the period under review, exports saw a deep contraction. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Exports peaked at X units in 2007; however, from 2008 to 2020, exports failed to regain the momentum.

In value terms, t-shirt exports shrank slightly to $X in 2020. Overall, exports showed a perceptible setback. The growth pace was the most rapid in 2011 when exports increased by X% y-o-y. Over the period under review, exports attained the peak figure at $X in 2007; however, from 2008 to 2020, exports remained at a lower figure.

Exports by Country

Myanmar (X units) was the main destination for t-shirt exports from Singapore, accounting for a approx. X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of volume to Myanmar totaled +X%.

In value terms, Myanmar ($X) also remains the key foreign market for t-shirt exports from Singapore.

From 2007 to 2020, the average annual growth rate of value to Myanmar stood at +X%.

Export Prices by Country

The average t-shirt export price stood at $X per unit in 2020, increasing 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 2008 when the average export price increased by X% y-o-y. Over the period under review, average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2020, export prices failed to regain the momentum.

As there is only one major export destination, the average price level is determined by prices for Myanmar.

From 2007 to 2020, the rate of growth in terms of prices for Myanmar amounted to +X% per year.

T-Shirt Imports

Imports into Singapore

In 2020, supplies from abroad of t-shirts decreased by -X% to X units for the first time since 2017, thus ending a two-year rising trend. Overall, imports faced a abrupt decline. The most prominent rate of growth was recorded in 2019 with an increase of X% y-o-y. Over the period under review, imports reached the maximum at X units in 2007; however, from 2008 to 2020, imports remained at a lower figure.

In value terms, t-shirt imports shrank dramatically to $X in 2020. Over the period under review, imports continue to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2020, imports stood at a somewhat lower figure.

Imports by Country

In 2020, Myanmar (X units) was the main supplier of t-shirt to Singapore, with a approx. X% share of total imports.

From 2007 to 2020, the average annual growth rate of volume from Myanmar totaled +X%.

In value terms, Myanmar ($X) constituted the largest supplier of t-shirt to Singapore.

From 2007 to 2020, the average annual growth rate of value from Myanmar totaled +X%.

Import Prices by Country

The average t-shirt import price stood at $X per unit in 2020, surging by X% against the previous year. In general, the import price recorded resilient growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Myanmar.

From 2007 to 2020, the rate of growth in terms of prices for Myanmar amounted to +X% per year.

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), together comprising 42% 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. India (2.5B units) ranked third in terms of total production with a 11% share.
What are the leading suppliers of t-shirts to Singapore?
+
In value terms, Myanmar ($112M) constituted the largest supplier of t-shirt to Singapore.
What are the leading importers of t-shirts from Singapore?
+
In value terms, Myanmar ($110M) remains the key foreign market for t-shirt exports from Singapore.
What is the average export price for t-shirts in Singapore?
+
In 2020, the average t-shirt export price amounted to $4.9 per unit, with an increase of 3.3% against the previous year.
What is the average import price for t-shirts in Singapore?
+
In 2020, the average t-shirt import price amounted to $8.7 per unit, with an increase of 117% 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 Singapore. 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:
• Singapore

Data coverage:
• Market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Trade (exports and imports) in Singapore
• 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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