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Report World - T-Shirts - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Global T-Shirt Market 2024

T-Shirt Market Size

The global t-shirt market surged to $X in 2022, increasing by 44% against the previous year. Overall, consumption, however, recorded a deep downturn. Over the period under review, the global market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

T-Shirt Production

In value terms, t-shirt production amounted to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. Global production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

T-Shirt Exports

Exports

In 2022, the amount of t-shirts exported worldwide rose markedly to X units, surging by 7.8% on 2021. Overall, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 288%. The global exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, t-shirt exports expanded rapidly to $X in 2022. The total export value increased at an average annual rate of +3.0% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 10%. The global exports peaked in 2022 and are likely to continue growth in the immediate term.

Exports by Country

In 2022, Spain (X units), China (X units), Bangladesh (X units), India (X units), Turkey (X units) and Mexico (X units) represented the main exporter of t-shirts in the world, comprising 69% of total export. The Netherlands (X units), Honduras (X units), Germany (X units), Vietnam (X units) and Pakistan (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +44.2%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, China ($X), Bangladesh ($X) and Turkey ($X) were the countries with the highest levels of exports in 2022, together accounting for 37% of global exports. Germany, India, Vietnam, the Netherlands, Spain, Mexico, Honduras and Pakistan lagged somewhat behind, together accounting for a further 29%.

Pakistan, with a CAGR of +11.9%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average t-shirt export price stood at $X per unit in 2022, flattening at the previous year. In general, the export price continues to indicate a deep reduction. The pace of growth was the most pronounced in 2020 when the average export price increased by 9.5% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-6.6%), while the other global leaders experienced a decline in the export price figures.

T-Shirt Imports

Imports

In 2022, the amount of t-shirts imported worldwide skyrocketed to X units, picking up by 15% on the year before. Over the period under review, total imports indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.2% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 50%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, t-shirt imports soared to $X in 2022. Overall, imports continue to indicate a relatively flat trend pattern. Global imports peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of t-shirt imports in 2022 were the United States (X units), Germany (X units), Spain (X units), the UK (X units), Italy (X units), Chile (X units) and Belgium (X units), together accounting for 74% of total import. The following importers - the Netherlands (X units) and South Korea (X units) - each recorded a 3% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of +27.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest t-shirt importing markets worldwide were the United States ($X), Germany ($X) and the UK ($X), together accounting for 43% of global imports. Spain, Italy, Belgium, the Netherlands, South Korea and Chile lagged somewhat behind, together accounting for a further 20%.

South Korea, with a CAGR of +10.0%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average t-shirt import price amounted to $X per unit, stabilizing at the previous year. In general, the import price, however, continues to indicate a perceptible descent. The most prominent rate of growth was recorded in 2015 an increase of 3.8%. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per unit), while Chile ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.5%), while the other global leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of in 2021 were China, the United States and Germany, together accounting for 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%.
The countries with the highest volumes of in 2021 were China, Bangladesh and India, together comprising 44% 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%.
In value terms, the largest t-shirt supplying countries worldwide were Bangladesh, Germany and Turkey, together accounting for 26% of global exports. Vietnam, India, China, the Netherlands, Belgium, Spain, Honduras, Cambodia, El Salvador and Nicaragua lagged somewhat behind, together comprising a further 35%.
In value terms, the largest t-shirt importing markets worldwide were the United States, Germany and France, together accounting for 32% of global imports. The UK, Japan, Spain, Italy, the Netherlands, Belgium, Poland, China, South Korea and the United Arab Emirates lagged somewhat behind, together comprising a further 33%.
In 2021, the average t-shirt export price amounted to $1.6 per unit, with a decrease of -55.3% against the previous year.
In 2021, the average t-shirt import price amounted to $1.8 per unit, reducing by -47.1% against the previous year.

This report provides an in-depth analysis of the global t-shirt market. 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:

Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

+ the largest producing countries

Data coverage:

  • Global market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Global production, split by region and country
  • Global trade (exports and imports)
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Company coverage:

Ralph Lauren Corporation, Quiksilver, Inc, H&M Hennes & Mauritz AB (H&M), Delta Galil Industries, Inditex, Benetton Group, Adidas AG, Puma Group, C&A, Original Marines, Nike, Inc., Gap Inc., Fast Retailing Co., Ltd., Kering, Nordstrom Inc., VF Corporation, Berkshire Hathaway, LVMH, Hanes Brand, Hugo Boss, Lacoste, American Apparel

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. 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. 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. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. CONSUMPTION BY COUNTRY
    3. MARKET FORECAST TO 2030

  4. 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. 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. 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. 7. GLOBAL PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
    2. PRODUCTION BY COUNTRY

  8. 8. GLOBAL IMPORTS

    The Largest Importers on The Market and How They Succeed

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. GLOBAL EXPORTS

    The Largest Exporters on The Market and How They Succeed

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 11. COUNTRY PROFILES

    The Largest Markets And Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
    • United States
    • China
    • Japan
    • Germany
    • United Kingdom
    • France
    • Brazil
    • Italy
    • Russian Federation
    • India
    • Canada
    • Australia
    • Republic of Korea
    • Spain
    • Mexico
    • Indonesia
    • Netherlands
    • Turkey
    • Saudi Arabia
    • Switzerland
    • Sweden
    • Nigeria
    • Poland
    • Belgium
    • Argentina
    • Norway
    • Austria
    • Thailand
    • United Arab Emirates
    • Colombia
    • Denmark
    • South Africa
    • Malaysia
    • Israel
    • Singapore
    • Egypt
    • Philippines
    • Finland
    • Chile
    • Ireland
    • Pakistan
    • Greece
    • Portugal
    • Kazakhstan
    • Algeria
    • Czech Republic
    • Qatar
    • Peru
    • Romania
    • Vietnam

  12. 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, By Country, 2018–2023
    5. Production, In Physical Terms, By Country, 2012–2023
    6. Imports, In Physical Terms, By Country, 2012–2023
    7. Imports, In Value Terms, By Country, 2012–2023
    8. Import Prices, By Country Of Destination, 2012–2023
    9. Exports, In Physical Terms, By Country, 2012–2023
    10. Exports, In Value Terms, By Country, 2012–2023
    11. Export Prices, By Country Of Origin, 2012–2023

  13. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Consumption, By Country, 2023
    4. Market Volume Forecast to 2030
    5. Market Value Forecast to 2030
    6. Products: Market Size And Growth, By Type
    7. Products: Average Per Capita Consumption, By Type
    8. Products: Exports And Growth, By Type
    9. Products: Export Prices And Growth, By Type
    10. Production Volume And Growth
    11. Exports And Growth
    12. Export Prices And Growth
    13. Market Size And Growth
    14. Per Capita Consumption
    15. Imports And Growth
    16. Import Prices
    17. Production, In Physical Terms, 2012–2023
    18. Production, In Value Terms, 2012–2023
    19. Production, By Country, 2023
    20. Production, In Physical Terms, By Country, 2012–2023
    21. Imports, In Physical Terms, 2012–2023
    22. Imports, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, By Country, 2023
    24. Imports, In Physical Terms, By Country, 2012–2023
    25. Imports, In Value Terms, By Country, 2012–2023
    26. Import Prices, By Country, 2012–2023
    27. Exports, In Physical Terms, 2012–2023
    28. Exports, In Value Terms, 2012–2023
    29. Exports, In Physical Terms, By Country, 2023
    30. Exports, In Physical Terms, By Country, 2012–2023
    31. Exports, In Value Terms, By Country, 2012–2023
    32. Export Prices, 2012–2023

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