ECOWAS: Men Knitwear Market 2025

Men Knitwear Market Size in ECOWAS

The ECOWAS men knitwear market expanded sharply to $X in 2022, rising by 6% against the previous year. Over the period under review, consumption, however, continues to indicate a prominent increase. Over the period under review, the market attained the maximum level in 2022 and is expected to retain growth in years to come.

Men Knitwear Production in ECOWAS

In value terms, men knitwear production expanded to $X in 2022 estimated in export price. In general, production recorded a resilient increase. The most prominent rate of growth was recorded in 2015 with an increase of 44%. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Men Knitwear Exports

Exports in ECOWAS

In 2022, overseas shipments of men's or boys' clothing (knitted or crocheted) increased by 5.4% to X units, rising for the second year in a row after three years of decline. Over the period under review, exports saw a moderate increase. The growth pace was the most rapid in 2017 when exports increased by 142% against the previous year. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, men knitwear exports surged to $X in 2022. Overall, exports continue to indicate strong growth. The pace of growth appeared the most rapid in 2017 when exports increased by 82%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

In 2022, Ghana (X units), Mali (X units), Nigeria (X units) and Sierra Leone (X units) was the main exporter of men's or boys' clothing (knitted or crocheted) in ECOWAS, comprising 81% of total export. It was distantly followed by Togo (X units) and Senegal (X units), together mixing up an 11% share of total exports. Cote d'Ivoire (X units) and Guinea (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Sierra Leone (with a CAGR of +17.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest men knitwear supplying countries in ECOWAS were Ghana ($X), Sierra Leone ($X) and Nigeria ($X), together accounting for 63% of total exports.

In terms of the main exporting countries, Sierra Leone, with a CAGR of +30.3%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, with an increase of 10% against the previous year. Export price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, men knitwear export price increased by +9.8% against 2019 indices. The most prominent rate of growth was recorded in 2015 an increase of 82% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Guinea ($X per unit), while Mali ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Guinea (+12.8%), while the other leaders experienced more modest paces of growth.

Men Knitwear Imports

Imports in ECOWAS

In 2022, supplies from abroad of men's or boys' clothing (knitted or crocheted) decreased by -31.3% to X units for the first time since 2017, thus ending a four-year rising trend. Total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 with an increase of 30% against the previous year. Over the period under review, imports attained the maximum at X units in 2021, and then shrank sharply in the following year.

In value terms, men knitwear imports skyrocketed to $X in 2022. Total imports indicated a pronounced increase from 2012 to 2022: its value increased at an average annual rate of +3.7% 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 +112.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Cote d'Ivoire (X units) and Ghana (X units) were the major importers of men's or boys' clothing (knitted or crocheted) in 2022, recording near 27% and 26% of total imports, respectively. Guinea (X units) ranks next in terms of the total imports with a 15% share, followed by Nigeria (13%), Senegal (8.6%) and Liberia (5.9%). Sierra Leone (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Nigeria (with a CAGR of +64.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest men knitwear importing markets in ECOWAS were Nigeria ($X), Senegal ($X) and Ghana ($X), together comprising 71% of total imports.

Nigeria, with a CAGR of +42.7%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, surging by 150% against the previous year. Over the period under review, the import price enjoyed modest growth. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat 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 Nigeria ($X per unit), while Sierra Leone ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (+7.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform