Asia: Women’S Suit Market 2020

Women’S Suit Market Size in Asia

The revenue of the womens suit market in Asia amounted to $X in 2017, surging by X% against the previous year. The womens suit consumption continues to indicate a remarkable growth. The pace of growth was the most pronounced in 2011, when it surged by X% y-o-y. The level of womens suit consumption peaked in 2017, and is likely to continue its growth in the immediate term.

Women’S Suit Production in Asia

In 2017, womens suit production in Asia stood at X units, remaining relatively unchanged against the previous year. The womens suit production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2015, with an increase of X% against the previous year. The volume of womens suit production peaked in 2017, and is expected to retain its growth in the near future.

Women’S Suit Exports in Asia

In 2017, the amount of womens suits and ensembles of knitted or crocheted textiles exported in Asia stood at X units, reducing by -X% against the previous year. The womens suit exports continue to indicate a deep reduction. The growth pace was the most rapid in 2012, with an increase of X% against the previous year. The volume of exports peaked of X units in 2008; however, from 2009 to 2017, it stood at a somewhat lower level.

In value terms, womens suit exports stood at $X in 2017. The womens suit exports continue to indicate an abrupt reduction. In that year, the womens suit exports attained their peak level of $X. From 2013 to 2017, growth of the womens suit exports stood at a somewhat lower level.

Women’S Suit Exports by Country in Asia

China prevails in womens suit exports structure, reaching X units, which was approx. X% of total exports in 2017. It was distantly followed by Turkey (X units), India (X units) and the Philippines (X units), together generating X% share of total exports. The following exporters - Cambodia (X units), Vietnam (X units) and Thailand (X units) together made up X% of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2017. At the same time, the Philippines (+X%), India (+X%) and Turkey (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest growing exporter in Asia, with a CAGR of +X% from 2007-2017. By contrast, Vietnam (-X%), Thailand (-X%) and Cambodia (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of China, Cambodia and Thailand increased by X%, X% and X% percentage points, while Turkey (-X%), India (-X%) and the Philippines (-X%) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest womens suit supplier in Asia, making up X% of global exports. The second position in the ranking was occupied by Turkey ($X), with a X% share of global exports. It was followed by India, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China totaled -X%. In the other countries, the average annual rates were as follows: Turkey (+X% per year) and India (+X% per year).

Women’S Suit Export Prices by Country in Asia

The womens suit export price in Asia stood at $X per thousand units in 2017, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2011, when the export prices increased by X% against the previous year. The level of export price peaked of $X per thousand units in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Vietnam ($X per unit), while the Philippines ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by Vietnam (+X% per year), while the other leaders experienced more modest paces of growth.

Women’S Suit Imports in Asia

The imports amounted to X units in 2017, dropping by -X% against the previous year. The womens suit imports continue to indicate a measured drop. The pace of growth appeared the most rapid in 2014, with an increase of X% against the previous year. In that year, the womens suit imports attained their peak volume of X units. From 2015 to 2017, growth of the womens suit imports stood at a somewhat lower level.

In value terms, womens suit imports stood at $X in 2017. The womens suit imports continue to indicate a moderate curtailment. In that year, the womens suit imports reached their peak level of $X. From 2009 to 2017, growth of the womens suit imports stood at a somewhat lower level.

Women’S Suit Imports by Country in Asia

In 2017, Malaysia (X units), distantly followed by Saudi Arabia (X units), the United Arab Emirates (X units), Jordan (X units), Japan (X units) and Cambodia (X units) were the major importers of womens suits and ensembles of knitted or crocheted textiles, together achieving X% of total imports. The following importers - South Korea (X units), Nepal (X units), Kuwait (X units), China, Hong Kong SAR (X units), Yemen (X units) and Singapore (X units) together made up X% of total imports.

From 2007 to 2017, average annual rates of growth with regard to womens suit imports into Malaysia stood at +X%. At the same time, Cambodia (+X%), Nepal (+X%), Jordan (+X%), Kuwait (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, Cambodia emerged as the fastest growing importer in Asia, with a CAGR of +X% from 2007-2017. Japan experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (-X%), Yemen (-X%), Saudi Arabia (-X%), Singapore (-X%) and China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of China, Hong Kong SAR (X%), Singapore (X%), Saudi Arabia (X%), the United Arab Emirates (X%) and Yemen (X%) increased significantly in terms of the global imports from 2007-2017, the share of Kuwait (-X%), Nepal (-X%), Jordan (-X%), Cambodia (-X%) and Malaysia (-X%) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest womens suit markets worldwide were Malaysia ($X), the United Arab Emirates ($X) and Saudi Arabia ($X), together comprising X% of total imports. Jordan, Kuwait, Japan, South Korea, Singapore, China, Hong Kong SAR, Nepal, Yemen and Cambodia lagged somewhat behind, together accounting for a further X%.

Nepal (+X% per year) recorded the highest rates of growth with regard to imports, in terms of the main importing countries over the last decade, while the other leaders experienced more modest paces of growth.

Women’S Suit Import Prices by Country in Asia

The womens suit import price in Asia stood at $X per thousand units in 2017, rising by X% against the previous year. The womens suit import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015, when it surged by X% y-o-y. Over the period under review, the import prices for womens suits and ensembles of knitted or crocheted textiles reached its maximum level of $X per thousand units in 2012; however, from 2013 to 2017, it failed to regain its momentum.

Import prices varied noticeably by the country of destination; the country with the highest import price was Kuwait ($X per unit), while Cambodia ($X per thousand units) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by Kuwait (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform