Northern America: T-Shirt Market 2024

T-Shirt Market Size in Northern America

The North American t-shirt market skyrocketed to $X in 2022, increasing by 30% against the previous year. The market value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

T-Shirt Production in Northern America

In value terms, t-shirt production skyrocketed to $X in 2022 estimated in export price. In general, production continues to indicate a slight reduction. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

T-Shirt Exports

Exports in Northern America

In 2022, the amount of t-shirts exported in Northern America skyrocketed to X units, jumping by 30% on 2021. Total exports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +85.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 42%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, t-shirt exports soared to $X in 2022. Overall, exports saw resilient growth. The growth pace was the most rapid in 2021 with an increase of 41%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Exports by Country

The United States dominates exports structure, resulting at X units, which was near 92% of total exports in 2022. It was distantly followed by Canada (X units), creating a 4.6% share of total exports. Saint Pierre and Miquelon (X units) followed a long way behind the leaders.

Exports from the United States increased at an average annual rate of +2.4% from 2012 to 2022. At the same time, Saint Pierre and Miquelon (+37.7%) and Canada (+10.9%) displayed positive paces of growth. Moreover, Saint Pierre and Miquelon emerged as the fastest-growing exporter exported in Northern America, with a CAGR of +37.7% from 2012-2022. From 2012 to 2022, the share of Saint Pierre and Miquelon and Canada increased by +3.3 and +2.4 percentage points, respectively.

In value terms, the United States ($X) remains the largest t-shirt supplier in Northern America, comprising 94% of total exports. The second position in the ranking was taken by Canada ($X), with a 4.4% share of total exports.

In the United States, t-shirt exports increased at an average annual rate of +6.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Canada (+1.9% per year) and Saint Pierre and Miquelon (-13.4% per year).

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, rising by 2% against the previous year. Export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, t-shirt export price increased by +73.8% against 2017 indices. The pace of growth appeared the most rapid in 2018 an increase of 61% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Saint Pierre and Miquelon ($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 (+4.3%), while the other leaders experienced a decline in the export price figures.

T-Shirt Imports

Imports in Northern America

T-shirt imports was estimated at X units in 2022, picking up by 15% on 2021. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, t-shirt imports soared to $X in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 33%. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

The United States dominates imports structure, amounting to X units, which was approx. 97% of total imports in 2022. Canada (X units) followed a long way behind the leaders.

The United States was also the fastest-growing in terms of the t-shirts imports, with a CAGR of +3.9% from 2012 to 2022. Canada (-14.0%) illustrated a downward trend over the same period. The United States (+13 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -13.2% from 2012 to 2022, respectively.

In value terms, the United States ($X) constitutes the largest market for imported t-shirts in Northern America, comprising 96% of total imports. The second position in the ranking was taken by Canada ($X), with a 4% share of total imports.

In the United States, t-shirt imports increased at an average annual rate of +5.5% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2022, increasing by 15% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2015 an increase of 18%. Over the period under review, import prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the United States totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+2.8%).

Source: IndexBox Platform

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