Japan: T-Shirt Market 2024

T-Shirt Market Size in Japan

For the fourth year in a row, the Japanese t-shirt market recorded decline in sales value, which decreased by -3.4% to $X in 2022. Over the period under review, consumption continues to indicate a abrupt descent. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

T-Shirt Exports

Exports from Japan

In 2022, exports of t-shirts from Japan expanded remarkably to X units, surging by 10% on the previous year. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 567%. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, t-shirt exports rose remarkably to $X in 2022. Over the period under review, exports recorded a remarkable increase. The growth pace was the most rapid in 2016 when exports increased by 38%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China (X units) was the main destination for t-shirt exports from Japan, with a 37% share of total exports. Moreover, t-shirt exports to China exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was held by Hong Kong SAR (X units), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled +50.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+38.1% per year) and Hong Kong SAR (+16.8% per year).

In value terms, China ($X) remains the key foreign market for t-shirts exports from Japan, comprising 43% of total exports. The second position in the ranking was held by the United States ($X), with a 13% share of total exports. It was followed by Hong Kong SAR, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China totaled +31.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+17.3% per year) and Hong Kong SAR (-0.8% per year).

Export Prices by Country

In 2022, the average t-shirt export price amounted to $X per unit, falling by -2.2% against the previous year. Overall, the export price faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 an increase of 30%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were China ($X per unit) and Taiwan (Chinese) ($X per unit), while the average price for exports to France ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (-12.9%), while the prices for the other major destinations experienced a decline.

T-Shirt Imports

Imports into Japan

In 2022, purchases abroad of t-shirts decreased by -0.3% to X units, falling for the ninth consecutive year after two years of growth. In general, imports saw a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 15% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, t-shirt imports reached $X in 2022. Over the period under review, imports saw a deep contraction. The growth pace was the most rapid in 2013 with an increase of 7.5%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of t-shirt to Japan, with a 83% share of total imports. Moreover, t-shirt imports from China exceeded the figures recorded by the second-largest supplier, Myanmar (X units), more than tenfold. The United States (X units) ranked third in terms of total imports with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at -11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+83.8% per year) and the United States (+2.0% per year).

In value terms, China ($X) constituted the largest supplier of t-shirts to Japan, comprising 73% of total imports. The second position in the ranking was held by Myanmar ($X), with a 3.7% share of total imports. It was followed by the United States, with a 2.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to -9.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (+76.9% per year) and the United States (+0.3% per year).

Import Prices by Country

The average t-shirt import price stood at $X per unit in 2022, flattening at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2020 when the average import price increased by 19%. As a result, import price reached the peak level of $X per unit. From 2021 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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