Scandinavia: T-Shirt Market 2024

T-Shirt Market Size in Scandinavia

The Scandinavia t-shirt market reduced dramatically to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a abrupt downturn. The pace of growth appeared the most rapid in 2020 with an increase of X%. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption remained at a lower figure.

T-Shirt Production in Scandinavia

In value terms, t-shirt production reduced notably to $X in 2022 estimated in export price. Overall, production faced a sharp shrinkage. Over the period under review, production reached the maximum level at $X in 2021, and then contracted sharply in the following year.

T-Shirt Exports

Exports in Scandinavia

In 2022, overseas shipments of t-shirts increased by X% to X units, rising for the fifth year in a row after two years of decline. In general, exports showed strong growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in the near future.

In value terms, t-shirt exports expanded significantly to $X in 2022. Total exports indicated a notable increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

Sweden prevails in exports structure, amounting to X units, which was approx. X% of total exports in 2022. The following exporters - Finland (X units) and Norway (X units) - each recorded an X% share of total exports.

Sweden 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, Norway (X%) displayed positive paces of growth. Finland experienced a relatively flat trend pattern. While the share of Sweden (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Norway (X p.p.) and Finland (X p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest t-shirt supplier in Scandinavia, comprising X% of total exports. The second position in the ranking was taken by Finland ($X), with a X% share of total exports.

In Sweden, t-shirt exports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Finland (X% per year) and Norway (X% per year).

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per unit, increasing by X% against the previous year. Over the period under review, the export price, however, saw a deep slump. The growth pace was the most rapid in 2020 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the export prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Sweden ($X per unit) was amongst the lowest.

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

T-Shirt Imports

Imports in Scandinavia

In 2022, the amount of t-shirts imported in Scandinavia amounted to X units, rising by X% against the previous year. Overall, imports, however, saw a deep reduction. Over the period under review, imports attained the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, t-shirt imports rose rapidly to $X in 2022. Over the period under review, imports, however, showed a abrupt contraction. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X units) and Norway (X units) represented the largest importers of t-shirts in Scandinavia, together resulting at near X% of total imports. It was distantly followed by Finland (X units), achieving a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Norway (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) constituted the countries with the highest levels of imports in 2022.

Norway, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, reducing by X% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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