Europe: T-Shirt Market 2024

T-Shirt Market Size in Europe

In 2022, the Europe t-shirt market increased by X% to $X, rising for the second year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations 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 Europe

In value terms, t-shirt production fell significantly to $X in 2022 estimated in export price. In general, production enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, production attained the peak level of $X, and then dropped notably in the following year.

T-Shirt Exports

Exports in Europe

T-shirt exports soared to X units in 2022, with an increase of X% on 2021. Over the period under review, exports recorded significant growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, t-shirt exports reached $X in 2022. The total export value increased at an average annual rate of X% 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 2013 when exports increased by X% against the previous year. The level of export peaked at $X in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Spain was the main exporting country with an export of around X units, which recorded X% of total exports. The Netherlands (X units) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Germany (X%). Belgium (X units), Poland (X units), Portugal (X units) and Slovakia (X units) took a relatively small share of total exports.

Spain was also the fastest-growing in terms of the t-shirts exports, with a CAGR of X% from 2012 to 2022. At the same time, the Netherlands (X%), Poland (X%), Slovakia (X%), Germany (X%), Belgium (X%) and Portugal (X%) displayed positive paces of growth. Spain (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the total exports, while Portugal, Germany and Belgium saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X), the Netherlands ($X) and Spain ($X) constituted the countries with the highest levels of exports in 2022, together accounting for X% of total exports. Belgium, Poland, Portugal and Slovakia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Poland, with a CAGR of X%, 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

The export price in Europe stood at $X per unit in 2022, which is down by X% against the previous year. In general, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Portugal ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (X%), while the other leaders experienced a decline in the export price figures.

T-Shirt Imports

Imports in Europe

In 2022, supplies from abroad of t-shirts increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, t-shirt imports surged to $X in 2022. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units), Spain (X units), the UK (X units), Italy (X units) and Belgium (X units) represented the major importer of t-shirts in Europe, committing X% of total import. The following importers - the Netherlands (X units) and France (X units) - each amounted to a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Spain (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Spain ($X) constituted the countries with the highest levels of imports in 2022, together comprising X% of total imports. Italy, France, Belgium and the Netherlands lagged somewhat behind, together accounting for a further X%.

In terms of the main importing countries, Italy, with a CAGR of X%, saw 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

The import price in Europe stood at $X per unit in 2022, remaining constant against the previous year. Overall, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of X%. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($X per unit), while Spain ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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