Europe: Women Knitwear Market 2024

Women Knitwear Market Size in Europe

The Europe women knitwear market rose notably to $X in 2022, growing by 7.8% against the previous year. Overall, consumption saw a relatively flat trend pattern. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Women Knitwear Production in Europe

In value terms, women knitwear production amounted to $X in 2022 estimated in export price. The total production indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% 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 -8.6% against 2020 indices. The pace of growth was the most pronounced in 2018 when the production volume increased by 25%. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Women Knitwear Exports

Exports in Europe

After six years of growth, overseas shipments of women's or girls' clothing (knitted or crocheted) decreased by -2.3% to X units in 2022. Over the period under review, exports, however, showed prominent growth. 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 reduced slightly in the following year.

In value terms, women knitwear exports reduced to $X in 2022. Total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of +6.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +79.6% against 2015 indices. The pace of growth was the most pronounced in 2021 with an increase of 22% against the previous year. As a result, the exports attained the peak of $X, and then declined slightly in the following year.

Exports by Country

In 2022, Germany (X units), distantly followed by Spain (X units), Poland (X units), the Netherlands (X units), France (X units), Italy (X units) and Austria (X units) were the key exporters of women's or girls' clothing (knitted or crocheted), together committing 75% of total exports. Slovakia (X units), Denmark (X units), Greece (X units), the Czech Republic (X units), Portugal (X units) and Belgium (X units) held a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Austria (with a CAGR of +32.3%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the largest women knitwear supplier in Europe, comprising 25% of total exports. The second position in the ranking was taken by Italy ($X), with an 11% share of total exports. It was followed by Spain, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany amounted to +9.3%. In the other countries, the average annual rates were as follows: Italy (+4.3% per year) and Spain (+8.3% per year).

Export Prices by Country

The export price in Europe stood at $X per unit in 2022, stabilizing at the previous year. In general, the export price recorded a noticeable downturn. The growth pace was the most rapid in 2020 an increase of 2.2% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2012; however, from 2013 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 ($X per unit), while Slovakia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+6.7%), while the other leaders experienced more modest paces of growth.

Women Knitwear Imports

Imports in Europe

Women knitwear imports rose remarkably to X units in 2022, picking up by 7.7% compared with the previous year. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, women knitwear imports expanded sharply to $X in 2022. Total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.5% 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 +51.3% against 2014 indices. The pace of growth was the most pronounced in 2021 when imports increased by 24% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

Imports by Country

In 2022, Germany (X units), distantly followed by the UK (X units), Spain (X units), France (X units), Poland (X units), the Netherlands (X units) and Italy (X units) represented the major importers of women's or girls' clothing (knitted or crocheted), together mixing up 73% of total imports. Russia (X units), Austria (X units), Sweden (X units), the Czech Republic (X units), Denmark (X units) and Belgium (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +38.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constitutes the largest market for imported women's or girls' clothing (knitted or crocheted) in Europe, comprising 23% of total imports. The second position in the ranking was held by the UK ($X), with a 10% share of total imports. It was followed by France, with a 9.5% share.

In Germany, women knitwear imports expanded at an average annual rate of +8.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the UK (+3.0% per year) and France (+5.5% per year).

Import Prices by Country

The import price in Europe stood at $X per unit in 2022, approximately reflecting the previous year. In general, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2017 when the import price increased by 1.3% against the previous year. Over the period under review, import prices attained 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 Austria ($X per unit), while Russia ($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 Czech Republic (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform