Africa: Men Knitwear Market 2024

Men Knitwear Market Size in Africa

The African men knitwear market totaled $X in 2022, rising by X% against the previous year. The total consumption indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% 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 X% against 2020 indices. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Men Knitwear Production in Africa

In value terms, men knitwear production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted buoyant growth. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Men Knitwear Exports

Exports in Africa

In 2022, exports of men's or boys' clothing (knitted or crocheted) in Africa dropped to X units, leveling off at the year before. In general, exports showed a slight descent. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, men knitwear exports soared to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the six major exporters of men's or boys' clothing (knitted or crocheted), namely Egypt, Morocco, Madagascar, Lesotho, South Africa and Kenya, represented more than two-thirds of total export. Tunisia (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 key exporting countries, was attained by Madagascar (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Egypt ($X) remains the largest men knitwear supplier in Africa, comprising X% of total exports. The second position in the ranking was taken by Morocco ($X), with a X% share of total exports. It was followed by South Africa, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Egypt totaled X%. In the other countries, the average annual rates were as follows: Morocco (X% per year) and South Africa (X% per year).

Export Prices by Country

In 2022, the export price in Africa amounted to $X per unit, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Tunisia ($X per unit), while Madagascar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Egypt (X%), while the other leaders experienced more modest paces of growth.

Men Knitwear Imports

Imports in Africa

Men knitwear imports declined modestly to X units in 2022, dropping by X% on the previous year. In general, imports saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, men knitwear imports rose slightly to $X in 2022. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Algeria (X units) and South Africa (X units) were the largest importers of men's or boys' clothing (knitted or crocheted) in Africa, together generating X% of total imports. Libya (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Kenya (X%), Sudan (X%), Djibouti (X%) and Ghana (X%). Morocco (X units), Guinea (X units), South Sudan (X units), Somalia (X units) and Liberia (X units) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Liberia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X), Algeria ($X) and Libya ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports. Djibouti, South Sudan, Sudan, Morocco, Ghana, Kenya, Guinea, Somalia and Liberia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Somalia, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Africa stood at $X per unit in 2022, increasing by X% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Sudan ($X per unit), while Kenya ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Djibouti (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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