Eastern Asia: Men Knitwear Market 2025

Men Knitwear Market Size in Eastern Asia

The East Asian men knitwear market was finally on the rise to reach $X in 2022, after two years of decline. The total consumption indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -13.3% against 2019 indices. The level of consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Men Knitwear Production in Eastern Asia

In value terms, men knitwear production fell modestly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable reduction. The pace of growth was the most pronounced in 2019 when the production volume increased by 136%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Men Knitwear Exports

Exports in Eastern Asia

In 2022, the amount of men's or boys' clothing (knitted or crocheted) exported in Eastern Asia fell to X units, waning by -7.6% on the previous year. Over the period under review, exports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2019 when exports increased by 95% against the previous year. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, men knitwear exports amounted to $X in 2022. Overall, exports saw a perceptible descent. The most prominent rate of growth was recorded in 2021 with an increase of 37% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, China (X units) represented the largest exporter of men's or boys' clothing (knitted or crocheted) in Eastern Asia, creating 98% of total export.

China was also the fastest-growing in terms of the men's or boys' clothing (knitted or crocheted) exports, with a CAGR of -3.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest men knitwear supplier in Eastern Asia.

In China, men knitwear exports plunged by an average annual rate of -4.0% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, with an increase of 8.9% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 64% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -0.7% per year.

Men Knitwear Imports

Imports in Eastern Asia

In 2022, approx. X units of men's or boys' clothing (knitted or crocheted) were imported in Eastern Asia; dropping by -2.1% against 2021 figures. Over the period under review, imports, however, saw a tangible increase. The most prominent rate of growth was recorded in 2017 when imports increased by 85% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, men knitwear imports fell modestly to $X in 2022. Total imports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +13.2% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 23%. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank slightly in the following year.

Imports by Country

Japan represented the major importing country with an import of around X units, which amounted to 45% of total imports. South Korea (X units) ranks second in terms of the total imports with a 22% share, followed by Hong Kong SAR (14%), China (11%) and Taiwan (Chinese) (7.4%).

From 2012 to 2022, average annual rates of growth with regard to men knitwear imports into Japan stood at +4.6%. At the same time, South Korea (+42.4%) and China (+13.6%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +42.4% from 2012-2022. By contrast, Taiwan (Chinese) (-3.2%) and Hong Kong SAR (-3.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea and China increased by +21 and +6.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported men's or boys' clothing (knitted or crocheted) in Eastern Asia, comprising 41% of total imports. The second position in the ranking was taken by South Korea ($X), with a 20% share of total imports. It was followed by China, with a 19% share.

In Japan, men knitwear imports expanded at an average annual rate of +3.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (+14.1% per year) and China (+16.3% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, reducing by -2% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the import price increased by 29% against the previous year. The level of import peaked at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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 China ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+14.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :