World - Men's Or Boys' Clothing (Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingMen Knitwear Market
The global market for men's or boys' knitted or crocheted clothing is expected to see steady growth in both volume and value terms from 2022 to 2030, with a forecasted CAGR of +3.6% and +6.1% respectively. The market saw a rise in consumption in 2022 after a period of decline, with the United States leading in both consumption and production. China remains the largest exporter of men's clothing, while the United States holds the top spot for imports. Prices varied by country, with a notable increase in export prices in 2022.
Market Forecast
Driven by increasing demand for men's or boys' clothing (knitted or crocheted) worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +3.6% for the period from 2022 to 2030, which is projected to bring the market volume to 5.2B units by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +6.1% for the period from 2022 to 2030, which is projected to bring the market value to $77.6B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Men's Or Boys' Clothing (Knitted Or Crocheted)
In 2022, consumption of men's or boys' clothing (knitted or crocheted) was finally on the rise to reach 3.9B units after two years of decline. Over the period under review, the total consumption indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Global consumption peaked in 2022 and is expected to retain growth in the near future.
The global men knitwear market revenue rose to $48.3B in 2022, growing by 4.2% 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). Overall, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -0.4% against 2020 indices. Global consumption peaked at $48.5B in 2020; however, from 2021 to 2022, consumption remained at a lower figure.
Consumption By Country
The country with the largest volume of men knitwear consumption was the United States (814M units), comprising approx. 21% of total volume. Moreover, men knitwear consumption in the United States exceeded the figures recorded by the second-largest consumer, China (356M units), twofold. Brazil (146M units) ranked third in terms of total consumption with a 3.7% share.
From 2012 to 2022, the average annual growth rate of volume in the United States amounted to +7.6%. In the other countries, the average annual rates were as follows: China (+5.0% per year) and Brazil (+10.2% per year).
In value terms, the United States ($4.2B), Indonesia ($3.3B) and China ($3.2B) were the countries with the highest levels of market value in 2022, together accounting for 22% of the global market. Japan, South Korea, Nigeria, the UK, Cambodia, Italy, Brazil, Canada, India and Mexico lagged somewhat behind, together accounting for a further 19%.
Among the main consuming countries, Cambodia, with a CAGR of +30.4%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.
The countries with the highest levels of men knitwear per capita consumption in 2022 were Cambodia (3.7 units per person), the United States (2.4 units per person) and Canada (1.7 units per person).
From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by Cambodia (with a CAGR of +33.7%), while consumption for the other global leaders experienced more modest paces of growth.
Production
World Production of Men's Or Boys' Clothing (Knitted Or Crocheted)
In 2022, global production of men's or boys' clothing (knitted or crocheted) reached 4.6B units, growing by 2.7% against the previous year's figure. Over the period under review, the total production indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +3.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by +1.0% against 2019 indices. The pace of growth was the most pronounced in 2019 with an increase of 24%. Over the period under review, global production hit record highs in 2022 and is likely to see steady growth in the near future.
In value terms, men knitwear production contracted to $60B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.9% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2019 when the production volume increased by 29%. As a result, production attained the peak level of $74B. From 2020 to 2022, global production growth remained at a somewhat lower figure.
Production By Country
China (1.8B units) constituted the country with the largest volume of men knitwear production, comprising approx. 39% of total volume. Moreover, men knitwear production in China exceeded the figures recorded by the second-largest producer, Bangladesh (258M units), sevenfold. The third position in this ranking was held by India (212M units), with a 4.6% share.
In China, men knitwear production declined by an average annual rate of -2.3% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (+17.0% per year) and India (+9.1% per year).
Imports
World Imports of Men's Or Boys' Clothing (Knitted Or Crocheted)
In 2022, the amount of men's or boys' clothing (knitted or crocheted) imported worldwide expanded notably to 2.5B units, growing by 7.5% compared with 2021. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +6.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +37.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 28% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, men knitwear imports soared to $18B in 2022. Over the period under review, total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +55.4% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 34% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.
Imports By Country
The United States was the largest importing country with an import of about 842M units, which amounted to 34% of total imports. It was distantly followed by the UK (114M units), mixing up a 4.6% share of total imports. The following importers - Spain (91M units), Germany (87M units), Italy (83M units), Poland (72M units), Japan (72M units), the Netherlands (69M units), Canada (66M units), Belgium (62M units), Myanmar (60M units), France (57M units) and the United Arab Emirates (47M units) - together made up 31% of total imports.
From 2012 to 2022, average annual rates of growth with regard to men knitwear imports into the United States stood at +7.6%. At the same time, Myanmar (+114.0%), Germany (+29.1%), Poland (+27.7%), the Netherlands (+15.3%), Italy (+14.3%), Spain (+12.6%), France (+10.1%), Belgium (+9.8%), Canada (+9.6%), Japan (+6.4%) and the UK (+6.3%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in the world, with a CAGR of +114.0% from 2012-2022. By contrast, the United Arab Emirates (-9.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States, Germany, Poland, Myanmar, Italy, Spain and the Netherlands increased by +3.1, +3, +2.4, +2.4, +1.7, +1.5 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the United States ($4.4B) constitutes the largest market for imported men's or boys' clothing (knitted or crocheted) worldwide, comprising 24% of global imports. The second position in the ranking was held by Germany ($1.1B), with a 5.9% share of global imports. It was followed by the UK, with a 5.4% share.
In the United States, men knitwear imports expanded at an average annual rate of +7.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+11.7% per year) and the UK (+8.3% per year).
Import Prices By Country
In 2022, the average men knitwear import price amounted to $7.3 per unit, with an increase of 8% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($12 per unit), while Myanmar ($0.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.8%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Men's Or Boys' Clothing (Knitted Or Crocheted)
In 2022, approx. 3.1B units of men's or boys' clothing (knitted or crocheted) were exported worldwide; increasing by 4.9% against the year before. Over the period under review, total exports indicated pronounced growth from 2012 to 2022: its volume increased at an average annual rate of +2.0% 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 +106.6% against 2017 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 37%. The global exports peaked in 2022 and are expected to retain growth in years to come.
In value terms, men knitwear exports rose sharply to $21.8B in 2022. The total export value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 36%. The global exports peaked in 2022 and are expected to retain growth in years to come.
Exports By Country
China represented the major exporter of men's or boys' clothing (knitted or crocheted) in the world, with the volume of exports finishing at 1.4B units, which was near 46% of total exports in 2022. Bangladesh (240M units) held the second position in the ranking, followed by Pakistan (202M units) and Vietnam (185M units). All these countries together took approx. 20% share of total exports. The following exporters - Turkey (138M units), India (119M units), Cambodia (73M units), Indonesia (52M units), Honduras (52M units) and Myanmar (50M units) - together made up 16% of total exports.
Exports from China decreased at an average annual rate of -3.4% from 2012 to 2022. At the same time, Myanmar (+81.5%), Vietnam (+41.8%), Indonesia (+31.8%), Bangladesh (+27.5%), Turkey (+16.2%), Pakistan (+13.3%), India (+9.0%), Honduras (+8.0%) and Cambodia (+6.5%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in the world, with a CAGR of +81.5% from 2012-2022. From 2012 to 2022, the share of Bangladesh, Vietnam, Pakistan, Turkey, India, Myanmar and Indonesia increased by +6.9, +5.7, +4.2, +3.2, +1.8, +1.6 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($7.1B) remains the largest men knitwear supplier worldwide, comprising 33% of global exports. The second position in the ranking was held by Vietnam ($1.8B), with an 8.1% share of global exports. It was followed by Bangladesh, with a 7.6% share.
From 2012 to 2022, the average annual growth rate of value in China amounted to -4.0%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+15.8% per year) and Bangladesh (+15.4% per year).
Export Prices By Country
The average men knitwear export price stood at $7 per unit in 2022, surging by 4.9% against the previous year. In general, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the average export price increased by 32% against the previous year. The global export price peaked at $10 per unit in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($11 per unit), while India ($4.2 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (+8.9%), while the other global leaders experienced a decline in the export price figures.
This report provides an in-depth analysis of the global men knitwear market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 14131110 - Men
- Prodcom 14131120 - Men
- Prodcom 14131230 - Men
- Prodcom 14131260 - Men
- Prodcom 14131270 - Men
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
This report provides an in-depth analysis of the global men knitwear market.
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