EU: Men Knitwear Market 2024

Men Knitwear Market Size in the EU

The EU men knitwear market soared to $X in 2022, increasing by 25% against the previous year. In general, consumption posted a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Men Knitwear Production in the EU

In value terms, men knitwear production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 69% against the previous year. The level of production peaked at $X in 2021, and then contracted in the following year.

Men Knitwear Exports

Exports in the EU

In 2022, shipments abroad of men's or boys' clothing (knitted or crocheted) decreased by -3.2% to X units for the first time since 2015, thus ending a six-year rising trend. Over the period under review, exports, however, saw a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 25% against the previous year. As a result, the exports reached the peak of X units, and then contracted slightly in the following year.

In value terms, men knitwear exports amounted to $X in 2022. In general, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 31%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The shipments of the six major exporters of men's or boys' clothing (knitted or crocheted), namely Spain, Germany, the Netherlands, Belgium, Poland and Italy, represented more than two-thirds of total export. Denmark (X units) held a 5.6% share (based on physical terms) of total exports, which put it in second place, followed by Greece (4.8%).

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +27.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest men knitwear supplying countries in the European Union were Italy ($X), Belgium ($X) and Germany ($X), together accounting for 46% of total exports. The Netherlands, Spain, Poland, Denmark and Greece lagged somewhat behind, together comprising a further 31%.

In terms of the main exporting countries, Poland, with a CAGR of +27.1%, recorded the highest growth rate of 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

In 2022, the export price in the European Union amounted to $X per unit, growing by 3.8% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the export price increased by 8.8% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+3.6%), while the other leaders experienced more modest paces of growth.

Men Knitwear Imports

Imports in the EU

In 2022, the amount of men's or boys' clothing (knitted or crocheted) imported in the European Union rose notably to X units, surging by 14% against 2021 figures. Overall, imports recorded a resilient increase. The growth pace was the most rapid in 2021 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, men knitwear imports expanded significantly to $X in 2022. In general, imports posted a prominent expansion. The growth pace was the most rapid in 2021 with an increase of 35% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Spain (X units), Germany (X units), Italy (X units), Poland (X units), France (X units) and the Netherlands (X units) was the largest importer of men's or boys' clothing (knitted or crocheted) in the European Union, mixing up 71% of total import. Denmark (X units), Greece (X units), Romania (X units), Hungary (X units), the Czech Republic (X units), Sweden (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Hungary (with a CAGR of +32.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest men knitwear importing markets in the European Union were Germany ($X), Italy ($X) and France ($X), with a combined 44% share of total imports. Spain, the Netherlands, Poland, Denmark, Sweden, Belgium, the Czech Republic, Greece, Romania and Hungary lagged somewhat behind, together comprising a further 45%.

In terms of the main importing countries, Poland, with a CAGR of +28.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in the European Union amounted to $X per unit, approximately reflecting the previous year. In general, the import price recorded a noticeable slump. The most prominent rate of growth was recorded in 2020 when the import price increased by 6.7%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 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 Germany ($X per unit), while Hungary ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+8.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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