Knitted T-shirts and vests market in Estonia

Earlier Report Observations

Between 2018 and 2021, the Estonian market for knitted T-shirts and vests contracted in physical volume from 8 million to 5 million units. The market value showed greater fluctuation over this period, reaching a high of 20.1 million dollars in 2019 before moderating.

Market volume stabilized at 5 million units from 2022 through 2023, then increased to 6 million units in 2024. The market's value saw a pronounced recovery during this later phase, rising to 21.4 million dollars in 2024. This growth in value aligns with a broader European trend where continuous innovation and rising demand for sustainable knitwear products have stimulated the market.

Production knitted T-shirts and vests in Estonia

In value, 2018-2021, K $ US

Estonia's production of knitted T-shirts and vests declined for the second year in a row. In 2021, output was valued at 2 719 K $ US, marking a 38.2% decrease from the previous year. Looking at the period from 2018 to 2021, production fell by 33.2%, which translates to an annualized decline of 12.6%. The peak was reached in 2019, with a value of 4 643 K $ US, and that year also saw the largest increase at 14.0%.

Annual dynamics of production in Estonia in value, 2018-2021, K $ US

In kind, 2018-2021, K unit

The market showed significant volatility over these years. Production volumes peaked in 2019 and hit their lowest point in 2021, representing a 5.7-fold difference. In 2021, Estonia produced 318 K units of knitted T-shirts and vests, an 80.7% drop from the year before. The maximum volume was recorded in 2019 at 1 826 K units, with the largest increase that year at 8.1%.

Annual dynamics of production in Estonia in kind, 2018-2021, K unit

Exports knitted T-shirts and vests from Estonia

Exports in kind, K unit

In 2021, Estonia exported 1 702 K units of knitted T-shirts and vests, a 25.5% increase compared to the previous year. Over the 2018-2021 period, exports decreased by 12.9%, with a compound annual growth rate (CAGR) of -4.5%. The lowest export volume was in 2020 at 1 356 K units, while the peak was in 2019 at 1 957 K units. The sharpest decline occurred in 2020, falling by 30.7%.

Annual dynamics of product's exports from Estonia in kind, 2018-2021, K unit

From 2018 to 2021, Russia, Norway, and Finland were the key destinations for Estonia's exports of knitted T-shirts and vests in volume terms. Russia accounted for 34.7% of exports, Norway for 33.4%, and Finland for 7.8%. Together, these three countries made up 75.9% of total export flows.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Estonia in kind, 2018-2021

Exports in value, K $ US

Estonia's exports of knitted T-shirts and vests in value terms reached 14 317 K $ US in 2021, a 23.8% year-over-year gain. Between 2018 and 2021, exports decreased by 2.6%, with a CAGR of -0.9%. The lowest value was recorded in 2020 at 11 567 K $ US, while the highest was in 2019 at 15 265 K $ US. The most significant drop happened in 2020, with a decline of 24.2%.

Annual dynamics of product's exports from Estonia in value, 2018-2021, K $ US

From 2018 to 2021, Norway, Latvia, and Russia were the top buyers of knitted T-shirts and vests from Estonia in value terms. Norway led with 44.3% of exports, followed by Latvia at 12.4%, and Russia at 10.1%. Combined, these three countries accounted for 66.8% of total export value.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Estonia in value, 2018-2021

Imports knitted T-shirts and vests to Estonia

Imports in kind, K unit

After two years of decline, Estonia's imports of knitted T-shirts and vests in volume terms rebounded in 2021. The country imported 6 531 K units, showing a solid 11.8% increase from 2020. Over the 2018-2021 period, imports decreased by 16.5%, equivalent to an annualized rate of -5.8%. The lowest volume was in 2020 at 5 843 K units, and the largest decline occurred that year at 19.6%.

Annual dynamics of product's imports to Estonia in kind, 2018-2021, K unit

Between 2018 and 2021, Bangladesh, India, and Poland were the main sources for Estonia's imports of knitted T-shirts and vests in volume terms. Bangladesh accounted for 34.8% of imports, India for 9.6%, and Poland for 9.3%. Together, these three countries represented 53.6% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Estonia in kind, 2018-2021

Imports in value, K $ US

In 2021, Estonia imported knitted T-shirts and vests worth 30 561 K $ US, a substantial 21.2% year-over-year uptick. From 2018 to 2021, imports increased by 3.5%, with a CAGR of 1.1%. The lowest value was in 2020 at 25 220 K $ US, while the peak was in 2019 at 30 680 K $ US. The most notable decline was in 2020, falling by 17.8%.

Annual dynamics of product's imports to Estonia in value, 2018-2021, K $ US

During 2018-2021, Estonia's imports of knitted T-shirts and vests in value terms were spread across many markets. Even the largest suppliers—Bangladesh, China, and the Netherlands—collectively represented only 41.9% of total import value, indicating a diverse sourcing landscape.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Estonia in value, 2018-2021