Eastern Europe: Women Knitwear Market 2024

Women Knitwear Market Size in Eastern Europe

The East European women knitwear market stood at $X in 2022, with an increase of 3.7% against the previous year. The total consumption indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +94.5% against 2015 indices. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in years to come.

Women Knitwear Production in Eastern Europe

In value terms, women knitwear production declined to $X in 2022 estimated in export price. In general, production saw a pronounced slump. The most prominent rate of growth was recorded in 2014 with an increase of 26% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Women Knitwear Exports

Exports in Eastern Europe

Women knitwear exports amounted to X units in 2022, surging by 8.6% on the previous year. Over the period under review, exports showed a resilient increase. The pace of growth was the most pronounced in 2018 with an increase of 26%. The volume of export peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, women knitwear exports stood at $X in 2022. In general, exports recorded a strong increase. The pace of growth was the most pronounced in 2021 with an increase of 31%. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the near future.

Exports by Country

Poland was the largest exporter of women's or girls' clothing (knitted or crocheted) in Eastern Europe, with the volume of exports reaching X units, which was approx. 53% of total exports in 2022. Slovakia (X units) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by the Czech Republic (10%), Bulgaria (6.2%) and Russia (4.6%). The following exporters - Romania (X units) and Hungary (X units) - together made up 6.3% of total exports.

Exports from Poland increased at an average annual rate of +12.1% from 2012 to 2022. At the same time, Russia (+23.4%), the Czech Republic (+20.8%), Slovakia (+20.3%) and Hungary (+18.8%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +23.4% from 2012-2022. By contrast, Bulgaria (-2.0%) and Romania (-5.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Slovakia, the Czech Republic, Russia and Hungary increased by +14, +9.7, +6.6, +3.3 and +1.6 percentage points, respectively.

In value terms, Poland ($X) remains the largest women knitwear supplier in Eastern Europe, comprising 56% of total exports. The second position in the ranking was held by the Czech Republic ($X), with an 11% share of total exports. It was followed by Slovakia, with a 6.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland amounted to +15.5%. In the other countries, the average annual rates were as follows: the Czech Republic (+23.8% per year) and Slovakia (+10.8% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per unit in 2022, reducing by -7.9% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 11% against the previous year. The level of export peaked at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.0%), while the other leaders experienced more modest paces of growth.

Women Knitwear Imports

Imports in Eastern Europe

In 2022, approx. X units of women's or girls' clothing (knitted or crocheted) were imported in Eastern Europe; increasing by 8.6% on the year before. Overall, imports posted buoyant growth. The pace of growth was the most pronounced in 2021 when imports increased by 29% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, women knitwear imports rose remarkably to $X in 2022. In general, imports showed buoyant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 35%. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

Poland represented the key importing country with an import of around X units, which finished at 41% of total imports. Russia (X units) took a 16% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (11%), Romania (8.1%), Hungary (7.9%) and Slovakia (7%). Bulgaria (X units) took a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to women knitwear imports into Poland stood at +17.6%. At the same time, Hungary (+20.4%), Slovakia (+12.7%), Romania (+12.4%), the Czech Republic (+11.9%) and Bulgaria (+6.9%) displayed positive paces of growth. Moreover, Hungary emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +20.4% from 2012-2022. By contrast, Russia (-3.3%) illustrated a downward trend over the same period. Poland (+23 p.p.), Hungary (+5.2 p.p.), the Czech Republic (+3.1 p.p.), Romania (+2.5 p.p.) and Slovakia (+2.3 p.p.) significantly strengthened its position in terms of the total imports, while Russia saw its share reduced by -34.9% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) constitutes the largest market for imported women's or girls' clothing (knitted or crocheted) in Eastern Europe, comprising 43% of total imports. The second position in the ranking was taken by Russia ($X), with a 15% share of total imports. It was followed by the Czech Republic, with a 12% share.

In Poland, women knitwear imports increased at an average annual rate of +18.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Russia (-6.5% per year) and the Czech Republic (+15.4% per year).

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, with a decrease of -3.3% against the previous year. Over the period under review, the import price recorded a slight downturn. The growth pace was the most rapid in 2019 an increase of 7.8% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in the Czech Republic ($X per unit) and Bulgaria ($X per unit), while Hungary ($X per unit) and Slovakia ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (+6.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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