Belgium: Men Knitwear Market 2024

Men Knitwear Market Size in Belgium

The Belgian men knitwear market skyrocketed to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption posted buoyant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Men Knitwear Production in Belgium

In value terms, men knitwear production rose sharply to $X in 2022 estimated in export price. Over the period under review, production posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Men knitwear production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

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Men Knitwear Exports

Exports from Belgium

In 2022, exports of men's or boys' clothing (knitted or crocheted) from Belgium soared to X units, jumping by X% on the previous year. Overall, exports enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

In value terms, men knitwear exports skyrocketed to $X in 2022. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2020 with an increase of X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Germany (X units), France (X units) and the Netherlands (X units) were the main destinations of men knitwear exports from Belgium, together comprising X% of total exports. Italy, Spain, Poland, Austria, Turkey, Greece, Ireland and the UK lagged somewhat behind, together comprising a further X%.

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

In value terms, Germany ($X), France ($X) and the Netherlands ($X) were the largest markets for men knitwear exported from Belgium worldwide, with a combined X% share of total exports. Italy, Spain, Poland, Greece, Austria, Turkey, Ireland and the UK lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, Poland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average men knitwear export price stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the export price, however, recorded a noticeable expansion. The most prominent rate of growth was recorded in 2020 an increase of X% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2021, and then reduced modestly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per unit), while the average price for exports to Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (X%), while the prices for the other major destinations experienced more modest paces of growth.

Men Knitwear Imports

Imports into Belgium

In 2022, the amount of men's or boys' clothing (knitted or crocheted) imported into Belgium surged to X units, rising by X% on the year before. Over the period under review, imports showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, men knitwear imports surged to $X in 2022. In general, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

Imports by Country

In 2022, Cambodia (X units) constituted the largest men knitwear supplier to Belgium, accounting for a X% share of total imports. Moreover, men knitwear imports from Cambodia exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was held by Vietnam (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Cambodia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Vietnam (X% per year).

In value terms, Cambodia ($X) constituted the largest supplier of men's or boys' clothing (knitted or crocheted) to Belgium, comprising X% of total imports. The second position in the ranking was taken by China ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Cambodia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and the Netherlands (X% per year).

Import Prices by Country

In 2022, the average men knitwear import price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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