Eastern Asia: Non-Knitted Men Apparel Market 2024

Non-Knitted Men Apparel Market Size in Eastern Asia

The East Asian non-knitted men apparel market totaled $X in 2022, increasing by 2.5% against the previous year. Overall, consumption saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 8.4%. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Non-Knitted Men Apparel Production in Eastern Asia

In value terms, non-knitted men apparel production fell to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 12%. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Non-Knitted Men Apparel Exports

Exports in Eastern Asia

In 2022, approx. X units of men's or boys' clothing (not knitted or crocheted) were exported in Eastern Asia; which is down by -7.3% compared with the year before. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by 57% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, non-knitted men apparel exports declined to $X in 2022. In general, exports saw a perceptible decline. The most prominent rate of growth was recorded in 2021 when exports increased by 21%. Over the period under review, the exports reached the maximum at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X units) represented the major exporter of men's or boys' clothing (not knitted or crocheted) in Eastern Asia, mixing up 97% of total export.

China experienced a relatively flat trend pattern with regard to volume of exports of men's or boys' clothing (not knitted or crocheted). China (+5.1 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest non-knitted men apparel supplier in Eastern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled -1.8%.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per unit, stabilizing at the previous year. Over the period under review, the export price recorded a mild slump. The most prominent rate of growth was recorded in 2016 an increase of 46% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2022, the export prices remained 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 -1.5% per year.

Non-Knitted Men Apparel Imports

Imports in Eastern Asia

After three years of decline, supplies from abroad of men's or boys' clothing (not knitted or crocheted) increased by 8.9% to X units in 2022. In general, imports, however, recorded a noticeable curtailment. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, non-knitted men apparel imports expanded modestly to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by 14% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) was the major importer of men's or boys' clothing (not knitted or crocheted), comprising 47% of total imports. South Korea (X units) held the second position in the ranking, distantly followed by China (X units) and Hong Kong SAR (X units). All these countries together took near 51% share of total imports. Taiwan (Chinese) (X units) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for South Korea (with a CAGR of +6.8%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest non-knitted men apparel importing markets in Eastern Asia were Japan ($X), South Korea ($X) and China ($X), together comprising 86% of total imports.

South Korea, with a CAGR of +5.3%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, with a decrease of -4.6% against the previous year. Over the last decade, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2018 when the import price increased by 12% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2021, and then fell slightly in the following year.

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 ($X per unit), while Japan ($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) (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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