ASEAN: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in ASEAN

The ASEAN non-knitted men apparel market fell to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a noticeable slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Non-Knitted Men Apparel Production in ASEAN

In value terms, non-knitted men apparel production shrank to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Non-Knitted Men Apparel Exports

Exports in ASEAN

In 2022, exports of men's or boys' clothing (not knitted or crocheted) in ASEAN surged to X units, jumping by X% compared with the year before. Total exports indicated buoyant growth from 2012 to 2022: its volume 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 when exports increased by X%. The volume of export peaked in 2022 and is likely to continue growth in the immediate term.

In value terms, non-knitted men apparel exports skyrocketed to $X in 2022. Total exports indicated a resilient expansion 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, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Exports by Country

In 2022, Vietnam (X units) and Myanmar (X units) represented the major exporters of men's or boys' clothing (not knitted or crocheted) in ASEAN, together reaching near X% of total exports. Cambodia (X units) took the next position in the ranking, followed by Indonesia (X units). All these countries together took approx. X% share of total exports. The following exporters - Thailand (X units), Singapore (X units) and Lao People's Democratic Republic (X units) - each accounted for a X% share of total exports.

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

In value terms, Vietnam ($X) remains the largest non-knitted men apparel supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Vietnam totaled X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per unit in 2022, remaining constant against the previous year. Over the period under review, the export price, however, showed a slight decrease. The most prominent rate of growth was recorded in 2014 an increase of X%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Non-Knitted Men Apparel Imports

Imports in ASEAN

In 2022, imports of men's or boys' clothing (not knitted or crocheted) in ASEAN surged to X units, increasing by X% on the previous year. Over the period under review, imports recorded a buoyant expansion. The pace of growth was the most pronounced in 2015 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, non-knitted men apparel imports soared to $X in 2022. Total imports indicated strong growth 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. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, the Philippines (X units), distantly followed by Thailand (X units), Malaysia (X units) and Singapore (X units) were the main importers of men's or boys' clothing (not knitted or crocheted), together making up X% of total imports. The following importers - Myanmar (X units), Indonesia (X units) and Vietnam (X units) - together made up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest non-knitted men apparel importing markets in ASEAN were Singapore ($X), Malaysia ($X) and Thailand ($X), together comprising X% of total imports. The Philippines, Indonesia, Vietnam and Myanmar lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Vietnam, 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 ASEAN stood at $X per unit in 2022, growing by X% against the previous year. Overall, the import price, however, saw a noticeable descent. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Vietnam ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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