Thailand: T-Shirt Market 2024

T-Shirt Market Size in Thailand

In 2022, the Thai t-shirt market decreased by X% to $X, falling for the third year in a row after eight years of growth. In general, consumption continues to indicate a sharp descent. The most prominent rate of growth was recorded in 2019 when the market value increased by X%. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a somewhat lower figure.

T-Shirt Production in Thailand

In value terms, t-shirt production totaled $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

T-Shirt Exports

Exports from Thailand

In 2022, shipments abroad of t-shirts increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, t-shirt exports expanded rapidly to $X in 2022. Overall, exports, however, continue to indicate a slight shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units), Tanzania (X units) and the United States (X units) were the main destinations of t-shirt exports from Thailand, together comprising X% of total exports. Togo, Singapore, Myanmar, the Philippines, Angola, Ghana, Guinea, Nigeria, Burkina Faso and Mozambique lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Guinea (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and Tanzania ($X) were the largest markets for t-shirt exported from Thailand worldwide, together accounting for X% of total exports. Myanmar, Singapore, Togo, the Philippines, Angola, Ghana, Nigeria, Guinea, Mozambique and Burkina Faso lagged somewhat behind, together accounting for a further X%.

In terms of the main countries of destination, Guinea, with a CAGR of X%, recorded the highest rates of growth with regard to 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

The average t-shirt export price stood at $X per unit in 2022, declining by X% against the previous year. In general, the export price recorded a deep reduction. The growth pace was the most rapid in 2019 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced a decline.

T-Shirt Imports

Imports into Thailand

In 2022, imports of t-shirts into Thailand contracted modestly to X units, reducing by X% compared with the previous year's figure. Over the period under review, imports, however, saw pronounced growth. The most prominent rate of growth was recorded in 2013 when imports increased by X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, t-shirt imports reduced to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest t-shirt supplier to Thailand, accounting for a X% share of total imports. Moreover, t-shirt imports from China exceeded the figures recorded by the second-largest supplier, Cambodia (X units), sevenfold. The third position in this ranking was held by India (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Cambodia (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of t-shirts to Thailand, comprising X% of total imports. The second position in the ranking was taken by Vietnam ($X), with a X% share of total imports. It was followed by Cambodia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Cambodia (X% per year).

Import Prices by Country

In 2022, the average t-shirt import price amounted to $X per unit, which is down by X% against the previous year. In general, the import price recorded a perceptible downturn. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :