Belgium: T-Shirt Market 2024

T-Shirt Market Size in Belgium

In 2022, the Belgian t-shirt market increased by 984% to $X for the first time since 2018, thus ending a three-year declining trend. Over the period under review, consumption posted a significant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

T-Shirt Production in Belgium

In value terms, t-shirt production amounted to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a dramatic slump. The pace of growth was the most pronounced in 2021 when the production volume decreased by 99.9% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

T-Shirt Exports

Exports from Belgium

In 2022, after two years of growth, there was significant decline in overseas shipments of t-shirts, when their volume decreased by -10% to X units. Overall, exports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2020 with an increase of 320% against the previous year. The exports peaked at X units in 2021, and then dropped in the following year.

In value terms, t-shirt exports fell to $X in 2022. In general, exports, however, posted perceptible growth. The pace of growth appeared the most rapid in 2020 with an increase of 245%. The exports peaked at $X in 2013; afterwards, it flattened through to 2022.

Exports by Country

Germany (X units), France (X units) and Italy (X units) were the main destinations of t-shirt exports from Belgium, with a combined 53% share of total exports. The Netherlands, Spain, Poland, Austria, Greece, Hungary, the UK, Portugal and Romania lagged somewhat behind, together comprising a further 36%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Romania (with a CAGR of +36.8%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), France ($X) and Spain ($X) constituted the largest markets for t-shirt exported from Belgium worldwide, with a combined 55% share of total exports. Italy, the Netherlands, Poland, Austria, Greece, the UK, Portugal, Hungary and Romania lagged somewhat behind, together accounting for a further 32%.

In terms of the main countries of destination, Romania, with a CAGR of +19.3%, recorded the highest growth rate of 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, with an increase of 11% against the previous year. In general, the export price, however, recorded a abrupt downturn. Over the period under review, the average export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($X per unit), while the average price for exports to Romania ($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 France (-3.0%), while the prices for the other major destinations experienced a decline.

T-Shirt Imports

Imports into Belgium

For the third year in a row, Belgium recorded growth in overseas purchases of t-shirts, which increased by 20% to X units in 2022. Over the period under review, imports recorded a buoyant expansion. The growth pace was the most rapid in 2021 when imports increased by 215%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, t-shirt imports expanded sharply to $X in 2022. Overall, imports showed a measured expansion. The most prominent rate of growth was recorded in 2020 with an increase of 94%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Bangladesh (X units) constituted the largest t-shirt supplier to Belgium, with a 57% share of total imports. Moreover, t-shirt imports from Bangladesh exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The Netherlands (X units) ranked third in terms of total imports with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bangladesh totaled +16.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+20.0% per year) and the Netherlands (+13.9% per year).

In value terms, Bangladesh ($X) constituted the largest supplier of t-shirts to Belgium, comprising 32% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bangladesh totaled +7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+6.5% per year) and the Netherlands (+4.5% per year).

Import Prices by Country

In 2022, the average t-shirt import price amounted to $X per unit, declining by -6.1% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2020 an increase of 46% against the previous year. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices remained 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 China ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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