Canada: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in Canada

The Canadian non-knitted men apparel market skyrocketed to $X in 2022, with an increase of 48% against the previous year. The market value increased at an average annual rate of +2.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Non-Knitted Men Apparel Production in Canada

In value terms, non-knitted men apparel production surged to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight downturn. The pace of growth appeared the most rapid in 2020 when the production volume increased by 1,111%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Non-Knitted Men Apparel Exports

Exports from Canada

In 2022, approx. X units of men's or boys' clothing (not knitted or crocheted) were exported from Canada; flattening at the year before. Overall, exports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 37%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, non-knitted men apparel exports amounted to $X in 2022. Over the period under review, total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +44.7% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 44%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for non-knitted men apparel exports from Canada, accounting for a 90% share of total exports. It was followed by the Netherlands (X units), with a 2.4% share of total exports. China (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+44.4% per year) and China (+28.8% per year).

In value terms, the United States ($X) remains the key foreign market for men's or boys' clothing (not knitted or crocheted) exports from Canada, comprising 67% of total exports. The second position in the ranking was taken by China ($X), with a 12% share of total exports. It was followed by the Netherlands, with an 8.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+53.8% per year) and the Netherlands (+49.0% per year).

Export Prices by Country

The average non-knitted men apparel export price stood at $X per unit in 2022, approximately mirroring the previous year. Over the period under review, the export price, however, recorded a mild reduction. The most prominent rate of growth was recorded in 2013 an increase of 15% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United States ($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 China (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.

Non-Knitted Men Apparel Imports

Imports into Canada

In 2022, approx. X units of men's or boys' clothing (not knitted or crocheted) were imported into Canada; picking up by 32% compared with 2021 figures. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, non-knitted men apparel imports surged to $X in 2022. The total import value increased at an average annual rate of +3.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Bangladesh (X units) constituted the largest supplier of non-knitted men apparel to Canada, accounting for a 38% share of total imports. Moreover, non-knitted men apparel imports from Bangladesh exceeded the figures recorded by the second-largest supplier, China (X units), twofold. Vietnam (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bangladesh totaled +3.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.4% per year) and Vietnam (+13.7% per year).

In value terms, Bangladesh ($X), China ($X) and Vietnam ($X) were the largest non-knitted men apparel suppliers to Canada, with a combined 60% share of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +14.7%, recorded the highest rates of growth with regard to 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

The average non-knitted men apparel import price stood at $X per unit in 2022, increasing by 8% against the previous year. Over the period under review, the import price saw a modest increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Mexico ($X per unit), while the price for Bangladesh ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+2.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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