Sweden: T-Shirt Market 2024

T-Shirt Market Size in Sweden

In 2022, after two years of growth, there was significant decline in the Swedish t-shirt market, when its value decreased by -81.1% to $X. Overall, consumption recorded a abrupt shrinkage. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

T-Shirt Production in Sweden

In value terms, t-shirt production reduced markedly to $X in 2022 estimated in export price. In general, production showed a precipitous decrease. T-shirt production peaked at $X in 2021, and then shrank markedly in the following year.

T-Shirt Exports

Exports from Sweden

In 2022, shipments abroad of t-shirts increased by 2.8% to X units, rising for the fifth consecutive year after two years of decline. Overall, exports showed a remarkable increase. The pace of growth appeared the most rapid in 2021 with an increase of 151%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, t-shirt exports rose significantly to $X in 2022. In general, total exports indicated a perceptible increase from 2012 to 2022: its value increased at an average annual rate of +3.8% 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 +86.3% against 2017 indices. The pace of growth was the most pronounced in 2019 with an increase of 24%. The exports peaked in 2022 and are likely to continue growth in the near future.

Exports by Country

Norway (X units), Finland (X units) and Denmark (X units) were the main destinations of t-shirt exports from Sweden, together accounting for 68% of total exports. Germany, Poland, the Netherlands, Belgium, Slovakia, the Czech Republic and the UK lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the biggest increases were recorded for Slovakia (with a CAGR of +54.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for t-shirt exported from Sweden were Norway ($X), Finland ($X) and Denmark ($X), with a combined 54% share of total exports. Germany, Poland, the UK, the Netherlands, Belgium, Slovakia and the Czech Republic lagged somewhat behind, together comprising a further 28%.

Slovakia, with a CAGR of +28.7%, saw the highest growth rate of 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

The average t-shirt export price stood at $X per unit in 2022, picking up by 6.6% against the previous year. Over the period under review, the export price, however, showed a deep slump. The growth pace was the most rapid in 2020 an increase of 11%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Finland ($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 the UK (-0.3%), while the prices for the other major destinations experienced a decline.

T-Shirt Imports

Imports into Sweden

In 2022, approx. X units of t-shirts were imported into Sweden; increasing by 16% compared with the year before. Over the period under review, imports, however, showed a deep contraction. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, t-shirt imports rose remarkably to $X in 2022. Overall, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2015 when imports increased by 17% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Bangladesh (X units) and Turkey (X units) were the main suppliers of t-shirt imports to Sweden, together accounting for 45% of total imports. Germany, Denmark, India, the Netherlands, Poland, Myanmar, Belgium, Indonesia, Portugal and Hong Kong SAR lagged somewhat behind, together comprising a further 45%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +47.5%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, China ($X), Germany ($X) and Denmark ($X) constituted the largest t-shirt suppliers to Sweden, with a combined 42% share of total imports. Turkey, the Netherlands, Bangladesh, Belgium, Portugal, Poland, India, Myanmar, Indonesia and Hong Kong SAR lagged somewhat behind, together accounting for a further 43%.

Myanmar, with a CAGR of +61.5%, saw the highest growth rate of the value of imports, in terms of the main suppliers 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, therefore, remained relatively stable against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average import price increased by 25%. As a result, import price attained the peak level of $X per unit, leveling off in the following year.

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 Portugal ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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