Europe: Men Knitwear Market 2024

Men Knitwear Market Size in Europe

The Europe men knitwear market skyrocketed to $X in 2022, with an increase of 21% against the previous year. Overall, consumption continues to indicate strong growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Men Knitwear Production in Europe

In value terms, men knitwear production dropped to $X in 2022 estimated in export price. The total production indicated perceptible growth from 2012 to 2022: its value increased at an average annual rate of +4.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -11.9% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 50%. Over the period under review, production reached the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Men Knitwear Exports

Exports in Europe

In 2022, after six years of growth, there was decline in overseas shipments of men's or boys' clothing (knitted or crocheted), when their volume decreased by -3.8% to X units. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2014 when exports increased by 23%. The volume of export peaked at X units in 2021, and then fell modestly in the following year.

In value terms, men knitwear exports contracted to $X in 2022. In general, exports, however, enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports attained the peak of $X, leveling off in the following year.

Exports by Country

Spain (X units), Germany (X units), the Netherlands (X units), Belgium (X units), Poland (X units) and Italy (X units) represented roughly 66% of total exports in 2022. It was distantly followed by Denmark (X units) and Greece (X units), together generating a 9.8% share of total exports. The following exporters - France (X units), Portugal (X units), the Czech Republic (X units), Austria (X units) and the UK (X units) - together made up 12% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Poland (with a CAGR of +27.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest men knitwear supplying countries in Europe were Italy ($X), Belgium ($X) and Germany ($X), with a combined 43% share of total exports. The Netherlands, Spain, France, Poland, Denmark, Portugal, the UK, Austria, the Czech Republic and Greece lagged somewhat behind, together accounting for a further 45%.

Among 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 Europe amounted to $X per unit, increasing by 3.7% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 7.7% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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 the UK (+10.0%), while the other leaders experienced more modest paces of growth.

Men Knitwear Imports

Imports in Europe

Men knitwear imports amounted to X units in 2022, increasing by 11% against the previous year. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 28% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, men knitwear imports amounted to $X in 2022. Over the period under review, imports recorded a prominent expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 32% 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, the UK (X units), Spain (X units), Germany (X units), Italy (X units), Poland (X units), France (X units), the Netherlands (X units) and Russia (X units) represented the largest importer of men's or boys' clothing (knitted or crocheted) in Europe, comprising 75% of total import. The following importers - Denmark (X units), Greece (X units), Romania (X units), Hungary (X units) and the Czech Republic (X units) - together made up 11% of total imports.

From 2012 to 2022, the biggest increases were recorded for Hungary (with a CAGR of +32.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), the UK ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 39% of total imports. France, Spain, the Netherlands, Poland, Russia, Denmark, the Czech Republic, Greece, Romania and Hungary lagged somewhat behind, together accounting for a further 44%.

Poland, with a CAGR of +28.5%, saw 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per unit, almost unchanged from the previous year. Over the period under review, the import price, however, continues to indicate a mild slump. The most prominent rate of growth was recorded in 2020 when the import price increased by 5.9% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: 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