Report Update Nov 1, 2024

Ecuador - T-Shirts - Market Analysis, Forecast, Size, Trends and Insights

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Ecuador: T-Shirt Market 2024

T-Shirt Market Size in Ecuador

In 2022, the Ecuadorian t-shirt market was finally on the rise to reach $X for the first time since 2017, thus ending a four-year declining trend. Overall, consumption, however, continues to indicate a perceptible curtailment. T-shirt consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

T-Shirt Exports

Exports from Ecuador

In 2022, approx. X units of t-shirts were exported from Ecuador; dropping by -40.9% on the previous year. In general, exports, however, posted a strong increase. The pace of growth appeared the most rapid in 2021 with an increase of 450% against the previous year. As a result, the exports reached the peak of X units, and then fell rapidly in the following year.

In value terms, t-shirt exports fell markedly to $X in 2022. Overall, exports, however, recorded a perceptible increase. The most prominent rate of growth was recorded in 2021 with an increase of 183% against the previous year. As a result, the exports attained the peak of $X, and then fell markedly in the following year.

Exports by Country

Bolivia (X units), Peru (X units) and Germany (X units) were the main destinations of t-shirt exports from Ecuador, together accounting for 65% of total exports.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +63.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for t-shirt exported from Ecuador were Bolivia ($X), Germany ($X) and Peru ($X), together comprising 78% of total exports.

Bolivia, with a CAGR of +58.7%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average t-shirt export price amounted to $X per unit, rising by 15% against the previous year. Over the period under review, the export price, however, saw a noticeable decrease. The most prominent rate of growth was recorded in 2015 an increase of 25%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Colombia ($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 Germany (+1.4%), while the prices for the other major destinations experienced a decline.

T-Shirt Imports

Imports into Ecuador

In 2022, approx. X units of t-shirts were imported into Ecuador; with a decrease of -3.7% against the previous year. Overall, imports saw a mild setback. The most prominent rate of growth was recorded in 2014 with an increase of 12%. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, t-shirt imports dropped to $X in 2022. Over the period under review, imports showed a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 25% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Colombia (X units), Panama (X units) and China (X units) were the main suppliers of t-shirt imports to Ecuador, with a combined 63% share of total imports. Peru, Bangladesh, India and Vietnam lagged somewhat behind, together accounting for a further 24%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +18.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest t-shirt suppliers to Ecuador were Colombia ($X), Panama ($X) and Bangladesh ($X), with a combined 52% share of total imports.

Among the main suppliers, Bangladesh, with a CAGR of +13.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average t-shirt import price amounted to $X per unit, declining by -3% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 12%. As a result, import price reached the peak level of $X per unit. From 2014 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 Vietnam ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+22.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for t-shirts in the world?

The countries with the highest volumes of in 2021 were China, the United States and Germany, together comprising 35% of global consumption. These countries were followed by the UK, Japan, France, Mexico, Indonesia, Italy, Pakistan, Poland, Ethiopia and South Korea, which together accounted for a further 27%.

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

The countries with the highest volumes of in 2021 were China, Bangladesh and India, with a combined 44% share of global production. These countries were followed by Turkey, Pakistan, Honduras, Vietnam, Indonesia, Mexico, El Salvador, Nicaragua, Ethiopia and Cambodia, which together accounted for a further 31%.

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

In value terms, the largest t-shirt suppliers to Ecuador were Colombia, Spain and Peru, together accounting for 62% of total imports. China, Thailand, Cambodia, Vietnam, Sri Lanka, Brazil and India lagged somewhat behind, together comprising a further 25%.

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

In value terms, Peru remains the key foreign market for t-shirt exports from Ecuador, comprising 39% of total exports. The second position in the ranking was occupied by Germany, with a 19% share of total exports. It was followed by the United States, with a 12% share.

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

In 2020, the average t-shirt export price amounted to $6.1 per unit, waning by -2.6% against the previous year.

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

The average t-shirt import price stood at $5.2 per unit in 2020, standing approx. at the previous year.

This report provides an in-depth analysis of the t-shirt market in Ecuador. 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 2030.

Product coverage:

Prodcom 14143000 - T-shirts, singlets and vests, knitted or crocheted

Country coverage:

Ecuador

Data coverage:

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

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023