Southern Asia: T-Shirt Market 2024

T-Shirt Market Size in Southern Asia

The South Asian t-shirt market soared to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption, however, saw a deep reduction. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

T-Shirt Production in Southern Asia

In value terms, t-shirt production rose notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

T-Shirt Exports

Exports in Southern Asia

T-shirt exports declined remarkably to X units in 2022, which is down by X% on the previous year's figure. Over the period under review, exports, however, recorded a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X units, and then contracted remarkably in the following year.

In value terms, t-shirt exports amounted to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X units) and India (X units) dominates exports structure, together creating X% of total exports. It was distantly followed by Pakistan (X units), making up a X% share of total exports. Sri Lanka (X units) held a little share of total exports.

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

In value terms, the largest t-shirt supplying countries in Southern Asia were Bangladesh ($X), India ($X) and Pakistan ($X), with a combined X% share of total exports.

Among the main exporting countries, Pakistan, with a CAGR of X%, saw the highest growth rate of 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 Southern Asia stood at $X per unit in 2022, jumping by X% against the previous year. Overall, the export price, however, saw a abrupt decrease. The level of export peaked at $X per unit in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sri Lanka ($X per unit), while India ($X per unit) was amongst the lowest.

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

T-Shirt Imports

Imports in Southern Asia

For the fourth consecutive year, Southern Asia recorded growth in purchases abroad of t-shirts, which increased by X% to X units in 2022. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, t-shirt imports surged to $X in 2022. Overall, imports enjoyed a resilient expansion. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

India was the main importer of t-shirts in Southern Asia, with the volume of imports amounting to X units, which was near X% of total imports in 2022. Afghanistan (X units) ranks second in terms of the total imports with a X% share, followed by Nepal (X%). Sri Lanka (X units) took a little share of total imports.

India was also the fastest-growing in terms of the t-shirts imports, with a CAGR of X% from 2012 to 2022. At the same time, Afghanistan (X%) and Nepal (X%) displayed positive paces of growth. Sri Lanka experienced a relatively flat trend pattern. While the share of India (X p.p.) and Afghanistan (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (X p.p.) and Nepal (X p.p.) displayed negative dynamics.

In value terms, India ($X) constitutes the largest market for imported t-shirts in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Afghanistan ($X), with a X% share of total imports. It was followed by Nepal, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in India amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Afghanistan (X% per year) and Nepal (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per unit, rising by X% against the previous year. In general, the import price, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2017 when the import price increased by X%. Over the period under review, import prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Nepal ($X per unit) and India ($X per unit), while Afghanistan ($X per unit) and Sri Lanka ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :