Eastern Asia: Women Knitwear Market 2025

Women Knitwear Market Size in Eastern Asia

The East Asian women knitwear market was finally on the rise to reach $X in 2022, after three years of decline. The market value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Women Knitwear Production in Eastern Asia

In value terms, women knitwear production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 17%. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Women Knitwear Exports

Exports in Eastern Asia

In 2022, the amount of women's or girls' clothing (knitted or crocheted) exported in Eastern Asia shrank to X units, waning by -7.5% on 2021. Over the period under review, exports showed a pronounced curtailment. The pace of growth appeared the most rapid in 2019 when exports increased by 82%. The volume of export peaked at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, women knitwear exports fell slightly to $X in 2022. In general, exports continue to indicate a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by 52% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

The biggest shipments were from China (X units), together reaching 99% of total export.

China was also the fastest-growing in terms of the women's or girls' clothing (knitted or crocheted) exports, with a CAGR of -2.4% 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 women knitwear supplier in Eastern Asia.

In China, women knitwear exports contracted by an average annual rate of -3.0% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, growing by 5.7% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 50%. Over the period under review, the export prices reached the maximum at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a 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 -0.6% per year.

Women Knitwear Imports

Imports in Eastern Asia

In 2022, women knitwear imports in Eastern Asia dropped to X units, with a decrease of -5.9% against the previous year's figure. Total imports indicated moderate growth from 2012 to 2022: its volume increased at an average annual rate of +3.4% 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 +1.4% against 2020 indices. The pace of growth was the most pronounced in 2015 with an increase of 54%. As a result, imports attained the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, women knitwear imports reduced to $X in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 18% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Japan was the largest importing country with an import of around X units, which recorded 53% of total imports. It was distantly followed by South Korea (X units), Hong Kong SAR (X units), Taiwan (Chinese) (X units) and China (X units), together achieving a 46% share of total imports.

Japan was also the fastest-growing in terms of the women's or girls' clothing (knitted or crocheted) imports, with a CAGR of +21.1% from 2012 to 2022. At the same time, South Korea (+8.3%) and China (+6.4%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-11.8%) illustrated a downward trend over the same period. While the share of Japan (+42 p.p.), South Korea (+6.6 p.p.) and China (+2 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Taiwan (Chinese) (-2.8 p.p.) and Hong Kong SAR (-47.1 p.p.) displayed negative dynamics.

In value terms, Japan ($X) constitutes the largest market for imported women's or girls' clothing (knitted or crocheted) in Eastern Asia, comprising 45% of total imports. The second position in the ranking was held by China ($X), with a 17% share of total imports. It was followed by South Korea, with a 15% share.

From 2012 to 2022, the average annual growth rate of value in Japan stood at -1.8%. The remaining importing countries recorded the following average annual rates of imports growth: China (+13.3% per year) and South Korea (+11.3% per year).

Import Prices by Country

In 2022, the import price in Eastern Asia amounted to $X per unit, growing by 3.2% against the previous year. Over the period under review, the import price, however, recorded a noticeable downturn. The most prominent rate of growth was recorded in 2020 when the import price increased by 10%. The level of import peaked 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 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 China (+6.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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