Global T-Shirt Market Overview
In value terms, t-shirt production stood at $ in 2018 estimated in export prices. In general, the total output indicated a moderate expansion from 2007 to 2018: its value increased at an average annual rate of +% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2012 with an increase of % against the previous year. Over the period under review, global t-shirt production reached its peak figure level at $ in 2013; however, from 2014 to 2018, production stood at a somewhat lower figure.
China ( tonnes) constituted the country with the largest volume of t-shirt production, accounting for % of total volume. Moreover, t-shirt production in China exceeded the figures recorded by the second-largest producer, Bangladesh ( tonnes), twofold. The third position in this ranking was occupied by India ( tonnes), with a % share.
In China, t-shirt production expanded at an average annual rate of +% over the period from 2007-2018. In the other countries, the average annual rates were as follows: Bangladesh (+% per year) and India (+% per year).
The global t-shirt market revenue amounted to $ in 2018, rising by % 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, t-shirt consumption continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of % year-to-year. The global t-shirt consumption peaked at $ in 2015; however, from 2016 to 2018, consumption stood at a somewhat lower figure.
From 2007 to 2018, the most notable rate of growth in terms of t-shirt consumption, amongst the main consuming countries, was attained by the U.S., while t-shirt consumption for the other global leaders experienced more modest paces of growth.
In value terms, China ($) led the market, alone. The second position in the ranking was occupied by the U.S. ($). It was followed by Pakistan.
From 2007 to 2018, the average annual growth rate of value in China stood at +%. The remaining consuming countries recorded the following average annual rates of market growth: the U.S. (+% per year) and Pakistan (+% per year).
The countries with the highest levels of t-shirt per capita consumption in 2018 were Germany ( kg per persons), the U.S. ( kg per persons) and the UK ( kg per persons).
From 2007 to 2018, the most notable rate of growth in terms of t-shirt per capita consumption, amongst the main consuming countries, was attained by Japan, while t-shirt per capita consumption for the other global leaders experienced more modest paces of growth.