Asia: Jersey Market 2024

Jersey Market Size in Asia

The Asian jersey market expanded rapidly to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Jersey Production in Asia

In value terms, jersey production declined to $X in 2022 estimated in export price. In general, production, however, enjoyed a pronounced increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

Jersey Exports

Exports in Asia

In 2022, approx. X units of jerseys, pullovers, cardigans and similar articles were exported in Asia; falling by X% compared with 2021 figures. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2019 with an increase of X%. The volume of export peaked at X units in 2021, and then dropped modestly in the following year.

In value terms, jersey exports fell modestly to $X in 2022. The total export value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X, leveling off in the following year.

Exports by Country

China was the major exporter of jerseys, pullovers, cardigans and similar articles in Asia, with the volume of exports resulting at X units, which was approx. X% of total exports in 2022. It was distantly followed by Bangladesh (X units), Turkey (X units) and Vietnam (X units), together achieving a X% share of total exports. The following exporters - Cambodia (X units), Pakistan (X units) and Myanmar (X units) - together made up X% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of jerseys, pullovers, cardigans and similar articles. At the same time, Myanmar (X%), Pakistan (X%), Cambodia (X%), Vietnam (X%), Turkey (X%) and Bangladesh (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Bangladesh, Cambodia, Vietnam, Turkey, Pakistan and Myanmar increased by X, X, X, X, X and X percentage points, respectively.

In value terms, China ($X) remains the largest jersey supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Bangladesh ($X), with an X% share of total exports. It was followed by Vietnam, with a X% share.

In China, jersey exports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bangladesh (X% per year) and Vietnam (X% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2022, increasing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the export prices reached the peak figure at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a 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 Bangladesh (X%), while the other leaders experienced more modest paces of growth.

Jersey Imports

Imports in Asia

In 2022, approx. X units of jerseys, pullovers, cardigans and similar articles were imported in Asia; with an increase of X% compared with 2021. In general, imports, however, continue to indicate a mild descent. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, jersey imports expanded to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Japan was the main importing country with an import of around X units, which reached X% of total imports. Taiwan (Chinese) (X units) took the second position in the ranking, followed by South Korea (X units), Hong Kong SAR (X units), China (X units) and the United Arab Emirates (X units). All these countries together took near X% share of total imports. Iraq (X units), Turkey (X units), India (X units) and Israel (X units) followed a long way behind the leaders.

Japan experienced a relatively flat trend pattern with regard to volume of imports of jerseys, pullovers, cardigans and similar articles. At the same time, India (X%), Iraq (X%), Taiwan (Chinese) (X%), South Korea (X%), China (X%) and Turkey (X%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, Israel (X%), the United Arab Emirates (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. Taiwan (Chinese) (X p.p.), South Korea (X p.p.), China (X p.p.), Japan (X p.p.), Iraq (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported jerseys, pullovers, cardigans and similar articles in Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by China, with a X% share.

In Japan, jersey imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: South Korea (X% per year) and China (X% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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 China ($X per unit), while Iraq ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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