Russian Federation: T-Shirt Market 2024

T-Shirt Market Size in the Russian Federation

The Russian t-shirt market soared to $X in 2022, surging by 35% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

T-Shirt Exports

Exports from the Russian Federation

After four years of growth, overseas shipments of t-shirts decreased by -7.6% to X units in 2022. Over the period under review, exports, however, continue to indicate a buoyant increase. The growth pace was the most rapid in 2016 when exports increased by 51%. Over the period under review, the exports attained the maximum at X units in 2021, and then dropped in the following year.

In value terms, t-shirt exports fell to $X in 2022. Overall, total exports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.2% 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 +98.2% against 2015 indices. The most prominent rate of growth was recorded in 2017 when exports increased by 32% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Belarus (X units), Kazakhstan (X units) and Ukraine (X units) were the main destinations of t-shirt exports from Russia, together comprising 87% of total exports. Poland, Armenia and Mongolia lagged somewhat behind, together comprising a further 5.9%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +120.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for t-shirt exported from Russia were Belarus ($X), Kazakhstan ($X) and Ukraine ($X), together accounting for 71% of total exports. Armenia, Poland and Mongolia lagged somewhat behind, together comprising a further 6.1%.

Poland, with a CAGR of +96.4%, recorded the highest growth rate of the value of exports, in terms of 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, with a decrease of -1.9% against the previous year. Overall, the export price continues to indicate a perceptible slump. The pace of growth appeared the most rapid in 2017 when the average export price increased by 37%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per unit), while the average price for exports to Mongolia ($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 Belarus (-2.8%), while the prices for the other major destinations experienced a decline.

T-Shirt Imports

Imports into the Russian Federation

In 2022, approx. X units of t-shirts were imported into Russia; jumping by 33% on 2021. Overall, imports continue to indicate a perceptible expansion. The growth pace was the most rapid in 2017 with an increase of 80% against the previous year. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, t-shirt imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a mild descent. The pace of growth appeared the most rapid in 2017 when imports increased by 39%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Uzbekistan (X units) constituted the largest t-shirt supplier to Russia, accounting for a 53% share of total imports. Moreover, t-shirt imports from Uzbekistan exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Turkey (X units) ranked third in terms of total imports with a 6.2% share.

From 2012 to 2022, the average annual growth rate of volume from Uzbekistan totaled +105.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.7% per year) and Turkey (-2.8% per year).

In value terms, Uzbekistan ($X), China ($X) and Italy ($X) were the largest t-shirt suppliers to Russia, with a combined 51% share of total imports.

Among the main suppliers, Uzbekistan, with a CAGR of +101.3%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average t-shirt import price amounted to $X per unit, reducing by -4.9% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 an increase of 8.6%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+20.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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