Global T-Shirt Market Overview
In value terms, t-shirt production contracted to $ in estimated in export prices. The total output value increased at an average annual rate of +% over the period from 2007 to ; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2011 when the production volume increased by % against the previous year. Over the period under review, global production attained the maximum level at $ in 2014; however, from 2015 to , production stood at a somewhat lower figure.
China ( units) constituted the country with the largest volume of t-shirt production, comprising approx. % of total volume. Moreover, t-shirt production in China exceeded the figures recorded by the second-largest producer, Bangladesh ( units), twofold. The third position in this ranking was occupied by India ( units), with a % share.
From 2007 to , the average annual rate of growth in terms of volume in China totaled +%. In the other countries, the average annual rates were as follows: Bangladesh (+% per year) and India (+% per year).
The global t-shirt market value shrank to $ in , falling 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). In general, consumption, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2011 when the market value increased by % y-o-y. Over the period under review, the global market hit record highs at $ in 2014; however, from 2015 to , consumption remained at a lower figure.
From 2007 to , the most notable rate of growth in terms of t-shirt consumption, amongst the leading consuming countries, was attained by Indonesia, 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 the UK.
From 2007 to , the average annual rate of growth in terms of value in China totaled +%. In the other countries, the average annual rates were as follows: the U.S. (+% per year) and the UK (-% per year).
The countries with the highest levels of t-shirt per capita consumption in were the UK ( units per person), the U.S. ( units per person) and France ( units per person).
From 2007 to , the biggest increases were in China, while t-shirt per capita consumption for the other global leaders experienced more modest paces of growth.