ASEAN: Baby Clothes Market 2024

Baby Clothes Market Size in ASEAN

In 2022, the ASEAN baby clothes market decreased by -2.7% to $X for the first time since 2019, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2021, and then shrank in the following year.

Baby Clothes Production in ASEAN

In value terms, baby clothes production contracted to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the production volume increased by 26%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Baby Clothes Exports

Exports in ASEAN

In 2022, the amount of babies clothing and accessories (not knitted or crocheted) exported in ASEAN declined modestly to X tons, with a decrease of -4.6% compared with the previous year. Overall, exports saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 21%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, baby clothes exports rose markedly to $X in 2022. In general, exports showed a pronounced setback. The growth pace was the most rapid in 2014 when exports increased by 16% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Vietnam was the key exporting country with an export of about X tons, which resulted at 40% of total exports. Thailand (X tons) ranks second in terms of the total exports with a 25% share, followed by Cambodia (15%), Indonesia (8.9%) and Myanmar (6.3%). Malaysia (X tons) and the Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +50.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X) remains the largest baby clothes supplier in ASEAN, comprising 51% of total exports. The second position in the ranking was taken by Cambodia ($X), with a 16% share of total exports. It was followed by Indonesia, with an 11% share.

In Vietnam, baby clothes exports expanded at an average annual rate of +3.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Cambodia (+9.9% per year) and Indonesia (-12.4% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, jumping by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.9%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+11.2%), while the other leaders experienced more modest paces of growth.

Baby Clothes Imports

Imports in ASEAN

In 2022, approx. X tons of babies clothing and accessories (not knitted or crocheted) were imported in ASEAN; shrinking by -8.6% compared with 2021 figures. Total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +4.0% 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 +19.8% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by 85% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, baby clothes imports surged to $X in 2022. Over the period under review, imports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of 42% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

Thailand represented the key importer of babies clothing and accessories (not knitted or crocheted) in ASEAN, with the volume of imports resulting at X tons, which was approx. 71% of total imports in 2022. Brunei Darussalam (X tons) ranks second in terms of the total imports with an 11% share, followed by Singapore (7.9%) and Malaysia (4.9%). Indonesia (X tons) held a little share of total imports.

Thailand was also the fastest-growing in terms of the babies clothing and accessories (not knitted or crocheted) imports, with a CAGR of +30.8% from 2012 to 2022. At the same time, Brunei Darussalam (+7.8%) displayed positive paces of growth. By contrast, Malaysia (-2.7%), Singapore (-9.5%) and Indonesia (-16.2%) illustrated a downward trend over the same period. While the share of Thailand (+64 p.p.) and Brunei Darussalam (+3.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Malaysia (-4.6 p.p.), Indonesia (-11.6 p.p.) and Singapore (-23.8 p.p.) displayed negative dynamics.

In value terms, Thailand ($X) constitutes the largest market for imported babies clothing and accessories (not knitted or crocheted) in ASEAN, comprising 70% of total imports. The second position in the ranking was taken by Malaysia ($X), with an 11% share of total imports. It was followed by Singapore, with a 9.8% share.

In Thailand, baby clothes imports increased at an average annual rate of +43.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Malaysia (+10.1% per year) and Singapore (-8.0% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, jumping by 29% against the previous year. In general, the import price posted prominent growth. The pace of growth was the most pronounced in 2014 when the import price increased by 32% against the previous year. Over the period under review, import prices hit record highs 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 Malaysia ($X per ton), while Brunei Darussalam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+17.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform