Austria: Men Knitwear Market 2024

Men Knitwear Market Size in Austria

The Austrian men knitwear market shrank slightly to $X in 2022, dropping by -3.9% against the previous year. Over the period under review, consumption, however, recorded resilient growth. Men knitwear consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Men Knitwear Production in Austria

In value terms, men knitwear production soared to $X in 2022 estimated in export price. Overall, production, however, recorded a slight descent. Men knitwear production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Men Knitwear Exports

Exports from Austria

In 2022, exports of men's or boys' clothing (knitted or crocheted) from Austria soared to X units, jumping by 19% against the year before. Over the period under review, exports posted significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 93%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, men knitwear exports soared to $X in 2022. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2016 with an increase of 43%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Germany (X units), the Czech Republic (X units) and Hungary (X units) were the main destinations of men knitwear exports from Austria, with a combined 42% share of total exports. Slovenia, Romania, Poland, Slovakia, Bulgaria, Croatia, Italy, the Netherlands, Switzerland and the United States lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +65.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for men's or boys' clothing (knitted or crocheted) exports from Austria, comprising 34% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 9.4% share of total exports. It was followed by Poland, with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany totaled +12.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Czech Republic (+23.9% per year) and Poland (+40.2% per year).

Export Prices by Country

In 2022, the average men knitwear export price amounted to $X per unit, remaining constant against the previous year. Over the period under review, the export price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average export price increased by 25%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Romania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-0.4%), while the prices for the other major destinations experienced a decline.

Men Knitwear Imports

Imports into Austria

In 2022, imports of men's or boys' clothing (knitted or crocheted) into Austria amounted to X units, approximately mirroring the year before. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2015 with an increase of 87% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, men knitwear imports totaled $X in 2022. In general, imports posted a resilient increase. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the immediate term.

Imports by Country

Germany (X units), the Netherlands (X units) and Belgium (X units) were the main suppliers of men knitwear imports to Austria, together accounting for 55% of total imports. China, Bangladesh, Turkey, Italy, Myanmar, Poland, Spain, Denmark, the Czech Republic and Bulgaria lagged somewhat behind, together comprising a further 37%.

From 2012 to 2022, the biggest increases were recorded for Myanmar (with a CAGR of +198.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of men's or boys' clothing (knitted or crocheted) to Austria, comprising 38% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an 11% share of total imports. It was followed by Belgium, with an 8.2% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+31.4% per year) and Belgium (+35.6% per year).

Import Prices by Country

The average men knitwear import price stood at $X per unit in 2022, growing by 12% against the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2020 an increase of 60% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+6.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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