Asia: Non-Knitted Women Apparel Market 2024

Non-Knitted Women Apparel Market Size in Asia

The Asian non-knitted women apparel market fell to $X in 2022, with a decrease of X% against the previous year. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Non-Knitted Women Apparel Production in Asia

In value terms, non-knitted women apparel production dropped to $X in 2022 estimated in export price. The total production indicated tangible 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. Based on 2022 figures, production increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Non-Knitted Women Apparel Exports

Exports in Asia

In 2022, approx. X units of women's or girls' clothing (not knitted or crocheted) were exported in Asia; surging by X% against 2021 figures. Total exports indicated a measured increase 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 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, non-knitted women apparel exports rose rapidly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of about X units, which accounted for X% of total exports. Bangladesh (X units) took the second position in the ranking, distantly followed by Turkey (X units) and India (X units). All these countries together took near X% share of total exports. Vietnam (X units), Cambodia (X units) and Myanmar (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to non-knitted women apparel exports from China stood at X%. At the same time, Myanmar (X%), Vietnam (X%), Turkey (X%), Cambodia (X%), Bangladesh (X%) and India (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. Vietnam (X p.p.), Myanmar (X p.p.), Turkey (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, non-knitted women apparel exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: 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, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. Over the period under review, the export prices attained the maximum 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 ($X per unit), while Cambodia ($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.

Non-Knitted Women Apparel Imports

Imports in Asia

In 2022, non-knitted women apparel imports in Asia rose significantly to X units, increasing by X% on the previous year's figure. Over the period under review, imports continue to indicate a slight increase. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, non-knitted women apparel imports rose markedly to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Japan (X units), distantly followed by South Korea (X units), Hong Kong SAR (X units), the United Arab Emirates (X units), Thailand (X units) and China (X units) were the main importers of women's or girls' clothing (not knitted or crocheted), together making up X% of total imports. Turkey (X units), Iraq (X units), Taiwan (Chinese) (X units), Israel (X units), India (X units), Malaysia (X units) and Kazakhstan (X units) followed a long way behind the leaders.

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

In value terms, the largest non-knitted women apparel importing markets in Asia were Japan ($X), South Korea ($X) and China ($X), with a combined X% share of total imports. Hong Kong SAR, the United Arab Emirates, Turkey, Israel, Taiwan (Chinese), Kazakhstan, India, Thailand, Malaysia and Iraq lagged somewhat behind, together comprising a further X%.

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

Import Prices by Country

In 2022, the import price in Asia amounted to $X per unit, remaining stable against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by X%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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