U.S.: T-Shirt Market 2024

T-Shirt Market Size in the U.S.

The U.S. t-shirt market soared to $X in 2022, picking up by 25% 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, the total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +81.6% against 2020 indices. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the near future.

T-Shirt Exports

Exports from the U.S.

In 2022, t-shirt exports from the United States soared to X units, rising by 30% on the previous year. Over the period under review, total exports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.4% 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 +80.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, t-shirt exports soared to $X in 2022. In general, exports posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of 43%. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Mexico (X units) was the main destination for t-shirt exports from the United States, with a 44% share of total exports. Moreover, t-shirt exports to Mexico exceeded the volume sent to the second major destination, Nicaragua (X units), twofold. The third position in this ranking was taken by Canada (X units), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Mexico amounted to +6.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nicaragua (+128.1% per year) and Canada (-13.5% per year).

In value terms, Mexico ($X), Canada ($X) and Nicaragua ($X) constituted the largest markets for t-shirt exported from the United States worldwide, together accounting for 72% of total exports.

Among the main countries of destination, Nicaragua, with a CAGR of +112.4%, saw the highest rates of growth with regard to the value of exports, 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, increasing by 4.5% against the previous year. In general, export price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +85.2% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of 62% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to El Salvador ($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 Canada (+16.6%), while the prices for the other major destinations experienced mixed trend patterns.

T-Shirt Imports

Imports into the U.S.

T-shirt imports into the United States rose notably to X units in 2022, increasing by 12% against 2021. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 45% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, t-shirt imports surged to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.5% 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 +88.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 44%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in years to come.

Imports by Country

Honduras (X units), Nicaragua (X units) and Bangladesh (X units) were the main suppliers of t-shirt imports to the United States, with a combined 37% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +13.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Nicaragua ($X), Honduras ($X) and China ($X) were the largest t-shirt suppliers to the United States, together accounting for 35% of total imports.

In terms of the main suppliers, Nicaragua, with a CAGR of +16.2%, recorded the highest growth rate of the value of imports, 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, growing by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.5%. The pace of growth was the most pronounced in 2015 an increase of 21%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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