Angola: T-Shirt Market 2024

T-Shirt Market Size in Angola

The Angolan t-shirt market fell sharply to $X in 2022, waning by -32.5% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption saw a drastic downturn. T-shirt consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

T-Shirt Exports

Exports from Angola

In 2022, approx. X units of t-shirts were exported from Angola; which is down by -38.9% on the previous year's figure. In general, exports saw a deep reduction. The pace of growth was the most pronounced in 2021 with an increase of 353%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, t-shirt exports fell notably to $X in 2022. Overall, exports recorded a abrupt slump. The most prominent rate of growth was recorded in 2021 with an increase of 296%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Congo (X units), Mozambique (X units) and Democratic Republic of the Congo (X units) were the main destinations of t-shirt exports from Angola, together comprising 81% of total exports. Canada, South Africa, the Netherlands and Namibia lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +51.1%), while the other leaders experienced more modest paces of growth.

In value terms, Mozambique ($X) remains the key foreign market for t-shirts exports from Angola, comprising 52% of total exports. The second position in the ranking was held by Democratic Republic of the Congo ($X), with a 12% share of total exports. It was followed by Canada, with a 6.9% share.

From 2012 to 2022, the average annual growth rate of value to Mozambique stood at -16.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Democratic Republic of the Congo (-20.4% per year) and Canada (+11.8% per year).

Export Prices by Country

In 2022, the average t-shirt export price amounted to $X per unit, increasing by 2.5% against the previous year. In general, the export price, however, saw a deep slump. The pace of growth appeared the most rapid in 2013 when the average export price increased by 85%. As a result, the export price reached the peak level of $X per unit. From 2014 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 Netherlands ($X per unit), while the average price for exports to Congo ($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 Guinea (+142.3%), while the prices for the other major destinations experienced more modest paces of growth.

T-Shirt Imports

Imports into Angola

In 2022, the amount of t-shirts imported into Angola shrank markedly to X units, dropping by -37.4% compared with the previous year's figure. Overall, imports recorded a deep slump. The growth pace was the most rapid in 2021 when imports increased by 296% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, t-shirt imports declined significantly to $X in 2022. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 when imports increased by 285%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest t-shirt supplier to Angola, accounting for a 47% share of total imports. Moreover, t-shirt imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), threefold. The third position in this ranking was taken by India (X units), with a 5.9% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -12.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-9.1% per year) and India (+18.9% per year).

In value terms, China ($X) constituted the largest supplier of t-shirts to Angola, comprising 35% of total imports. The second position in the ranking was taken by Portugal ($X), with a 13% share of total imports. It was followed by South Africa, with an 8.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -15.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-17.8% per year) and South Africa (+10.5% per year).

Import Prices by Country

In 2022, the average t-shirt import price amounted to $X per unit, surging by 20% against the previous year. In general, the import price, however, saw a perceptible curtailment. The pace of growth appeared the most rapid in 2015 when the average import price increased by 42% against the previous year. As a result, import price attained the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

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 South Africa ($X per unit), while the price for Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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