Global Men Knitwear Market 2024

Men Knitwear Market Size

The global men knitwear market reached $X in 2022, rising by X% against the previous year. Over the period under review, the total consumption indicated prominent 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, consumption decreased by X% against 2020 indices. Global consumption peaked at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Men Knitwear Production

In value terms, men knitwear production dropped modestly to $X in 2022 estimated in export price. The total output 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 throughout the analyzed period. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, global production growth remained at a somewhat lower figure.

Men Knitwear Exports

Exports

In 2022, the amount of men's or boys' clothing (knitted or crocheted) exported worldwide rose to X units, surging by X% on 2021 figures. Over the period under review, total exports indicated perceptible 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 2017 indices. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, men knitwear exports rose remarkably to $X in 2022. The total export value 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 was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the global exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

China was the largest exporter of men's or boys' clothing (knitted or crocheted) in the world, with the volume of exports reaching X units, which was near X% of total exports in 2022. Bangladesh (X units) ranks second in terms of the total exports with a X% share, followed by Pakistan (X%) and Vietnam (X%). Turkey (X units), India (X units), Cambodia (X units), Indonesia (X units), Honduras (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 men knitwear exports from China stood at X%. At the same time, Myanmar (X%), Vietnam (X%), Indonesia (X%), Bangladesh (X%), Turkey (X%), Pakistan (X%), India (X%), Honduras (X%) and Cambodia (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Bangladesh, Vietnam, Pakistan, Turkey, India, Myanmar and Indonesia increased by X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, men knitwear exports declined by 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: Vietnam (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the average men knitwear export price amounted to $X per unit, with an increase of X% against the previous year. Overall, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. Over the period under review, the average 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.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (X%), while the other global leaders experienced a decline in the export price figures.

Men Knitwear Imports

Imports

In 2022, global imports of men's or boys' clothing (knitted or crocheted) rose notably to X units, increasing by X% on 2021. Over the period under review, total imports indicated a prominent 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, men knitwear imports surged to $X in 2022. Overall, total imports 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Global imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, the United States (X units) represented the largest importer of men's or boys' clothing (knitted or crocheted), committing X% of total imports. It was distantly followed by the UK (X units), making up a X% share of total imports. Spain (X units), Germany (X units), Italy (X units), Poland (X units), Japan (X units), the Netherlands (X units), Canada (X units), Belgium (X units), Myanmar (X units), France (X units) and the United Arab Emirates (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to men knitwear imports into the United States stood at X%. At the same time, Myanmar (X%), Germany (X%), Poland (X%), the Netherlands (X%), Italy (X%), Spain (X%), France (X%), Belgium (X%), Canada (X%), Japan (X%) and the UK (X%) displayed positive paces of growth. Moreover, Myanmar emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. The United States (X p.p.), Germany (X p.p.), Poland (X p.p.), Myanmar (X p.p.), Italy (X p.p.), Spain (X p.p.) and the Netherlands (X p.p.) significantly strengthened its position in terms of the global imports, while the United Arab Emirates 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, the United States ($X) constitutes the largest market for imported men's or boys' clothing (knitted or crocheted) worldwide, comprising X% of global imports. The second position in the ranking was taken by Germany ($X), with a X% share of global imports. It was followed by the UK, with a X% share.

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

Import Prices by Country

In 2022, the average men knitwear import price amounted to $X per unit, rising by X% against the previous year. In general, the import price showed a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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