Asia-Pacific: Men Swimwear Market 2025

Men Swimwear Market Size in Asia-Pacific

In 2021, the Asia-Pacific men swimwear market decreased by -2.6% to $X, falling for the second consecutive year after three years of growth. The total consumption indicated a perceptible expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -8.0% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Men Swimwear Production in Asia-Pacific

In value terms, men swimwear production rose to $X in 2021 estimated in export price. The total production indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -4.1% against 2019 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 24% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Men Swimwear Exports

Exports in Asia-Pacific

Men swimwear exports soared to X units in 2021, increasing by 36% on the previous year's figure. Total exports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, men swimwear exports skyrocketed to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units) and Bangladesh (X units) represented the key exporters of men’s swimwear (excluding of knitted or crocheted textiles) in 2021, reaching near 34% and 33% of total exports, respectively. Vietnam (X units) took the next position in the ranking, followed by Myanmar (X units) and Cambodia (X units). All these countries together held near 27% share of total exports. Sri Lanka (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Myanmar (with a CAGR of +92.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest men swimwear supplying countries in Asia-Pacific were China ($X), Bangladesh ($X) and Vietnam ($X), together accounting for 71% of total exports. These countries were followed by Cambodia, Myanmar and Sri Lanka, which together accounted for a further 18%.

In terms of the main exporting countries, Myanmar, with a CAGR of +59.6%, 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

In 2021, the export price in Asia-Pacific amounted to $X per unit, picking up by 1.6% against the previous year. Over the period under review, the export price, however, continues to indicate a slight decline. The growth pace was the most rapid in 2016 when the export price increased by 5.1%. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Cambodia ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+4.8%), while the other leaders experienced more modest paces of growth.

Men Swimwear Imports

Imports in Asia-Pacific

In 2021, imports of men’s swimwear (excluding of knitted or crocheted textiles) in Asia-Pacific reached X units, surging by 3.2% against 2020 figures. Total imports indicated a measured increase from 2012 to 2021: its volume increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.2% against 2019 indices. The pace of growth was the most pronounced in 2017 with an increase of 37% against the previous year. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, men swimwear imports stood at $X in 2021. The total import value increased at an average annual rate of +3.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when imports increased by 19% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

Australia was the key importer of men’s swimwear (excluding of knitted or crocheted textiles) in Asia-Pacific, with the volume of imports recording X units, which was approx. 57% of total imports in 2021. Japan (X units) ranks second in terms of the total imports with a 13% share, followed by South Korea (6.5%) and New Zealand (5.3%). Hong Kong SAR (X units), Thailand (X units) and Singapore (X units) followed a long way behind the leaders.

Australia was also the fastest-growing in terms of the men’s swimwear (excluding of knitted or crocheted textiles) imports, with a CAGR of +22.9% from 2012 to 2021. At the same time, Thailand (+18.5%), New Zealand (+12.1%), South Korea (+6.9%) and Singapore (+2.1%) displayed positive paces of growth. By contrast, Japan (-8.8%) and Hong Kong SAR (-15.9%) illustrated a downward trend over the same period. While the share of Australia (+45 p.p.), New Zealand (+2.8 p.p.), Thailand (+2 p.p.) and South Korea (+1.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Hong Kong SAR (-23.9 p.p.) and Japan (-27.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X), Japan ($X) and Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 62% share of total imports.

In terms of the main importing countries, Australia, with a CAGR of +14.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per unit, picking up by 8% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 13%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Australia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+16.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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