United Kingdom - Men's Or Boys' Clothing (Knitted Or Crocheted) - Market Analysis, Forecast, Size, Trends and Insights
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View PricingPrice of UK Men's Knitwear Hits $7.5 per Unit Following Three Months of Decline
United Kingdom Men Knitwear Import Price in March 2023
In March 2023, the men knitwear price amounted to $7.5 per unit (CIF, United Kingdom), stabilizing at the previous month. In general, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in October 2022 an increase of 21% month-to-month. Over the period under review, average import prices hit record highs at $10.3 per unit in December 2022; however, from January 2023 to March 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($12.7 per unit), while the price for Myanmar ($3.4 per unit) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Myanmar (+1.9%), while the prices for the other major suppliers experienced a decline.
| COUNTRY | Import Price of Men Knitwear in United Kingdom (USD per unit) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mar 2022 | Apr 2022 | May 2022 | Jun 2022 | Jul 2022 | Aug 2022 | Sep 2022 | Oct 2022 | Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | |
| Vietnam | 13.5 | 12.8 | 18.8 | 12.9 | 13.3 | 18.0 | 12.3 | 28.8 | 17.4 | 15.1 | 14.4 | 12.3 | 12.7 |
| Turkey | 12.7 | 11.6 | 10.2 | 10.7 | 11.0 | 13.4 | 14.6 | 15.4 | 12.1 | 14.4 | 13.2 | 10.9 | 11.5 |
| China | 9.5 | 9.4 | 9.2 | 46.7 | 10.4 | 10.6 | 9.5 | 11.4 | 10.0 | 11.1 | 10.9 | 6.4 | 9.0 |
| Cambodia | 9.9 | 10.2 | 72.1 | 8.8 | 9.8 | 12.2 | 9.9 | 14.8 | 13.0 | 13.7 | 8.5 | 8.7 | 7.1 |
| Pakistan | 5.6 | 5.7 | 5.1 | 6.0 | 6.0 | 6.2 | 6.7 | 6.8 | 6.8 | 6.8 | 6.0 | 5.6 | 5.0 |
| Bangladesh | 4.9 | 5.7 | 4.9 | 5.3 | 5.1 | 5.9 | 4.9 | 4.7 | 4.9 | 5.7 | 5.1 | 5.2 | 4.7 |
| India | 4.4 | 3.9 | 4.0 | 3.2 | 4.6 | 4.9 | 5.2 | 4.1 | 4.7 | 5.6 | 5.9 | 3.4 | 3.5 |
| Myanmar | 2.7 | 2.6 | 2.5 | 3.1 | 3.1 | 4.0 | 5.0 | 4.8 | 3.9 | 5.0 | 3.9 | 4.4 | 3.4 |
| Average | 7.7 | 8.0 | 8.3 | 9.5 | 8.6 | 9.8 | 8.1 | 9.8 | 8.9 | 10.3 | 8.8 | 7.5 | 7.5 |
United Kingdom Men Knitwear Imports
Men knitwear imports into the UK expanded notably to 9.3M units in March 2023, growing by 12% against the previous month. Overall, imports, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in September 2022 with an increase of 25% m-o-m. Imports peaked at 13M units in March 2022; however, from April 2022 to March 2023, imports stood at a somewhat lower figure.
In value terms, men knitwear imports rose sharply to $70M (IndexBox estimates) in March 2023. In general, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in October 2022 with an increase of 31% month-to-month. Imports peaked at 101M units in March 2022; however, from April 2022 to March 2023, imports stood at a somewhat lower figure.
United Kingdom Men Knitwear Imports by Country
Bangladesh (2.2M units), Cambodia (1.7M units) and Pakistan (1.6M units) were the main suppliers of men knitwear imports to the UK, with a combined 59% share of total imports.
From March 2022 to March 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Cambodia (with a CAGR of +6.8%), while imports for the other leaders experienced mixed trend patterns.
In value terms, the largest men knitwear suppliers to the UK were Cambodia ($12M), Bangladesh ($10M) and China ($8.7M), with a combined 45% share of total imports.
Cambodia, with a CAGR of +3.9%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.
This report provides an in-depth analysis of the men knitwear market in the UK. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 14131110 - Men
- Prodcom 14131120 - Men
- Prodcom 14131230 - Men
- Prodcom 14131260 - Men
- Prodcom 14131270 - Men
Country coverage:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
